ASA (ASA Gold And Precious Metals) Cyclically Adjusted PS Ratio: 10.95 (As of Aug. 19, 2026) — 43% Below Median

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ASA ASA Gold And Precious Metals Ltd ASA
38 GF Score
Price $61.34
! 1 Warning Sign
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What is ASA Gold And Precious Metals Cyclically Adjusted PS Ratio?

ASA Gold And Precious Metals ASA +6.28% 38 Cyclically Adjusted PS Ratio is 10.95 as of Aug. 19, 2026, which is 43% below its 10-year median of 19.14. GuruFocus rates ASA with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 923 Asset Management companies, ASA Gold And Precious Metals ranks worse than 62.95% on this metric.

As of today (2026-08-19), ASA Gold And Precious Metals's current share price is $61.34. ASA Gold And Precious Metals's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 was $5.60. ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio for today is 10.95.

The historical rank and industry rank for ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio or its related term are showing as below:

ASA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.59   Med: 19.14   Max: 33.16
Current: 10.3

During the past 12 years, ASA Gold And Precious Metals's highest Cyclically Adjusted PS Ratio was 33.16. The lowest was 8.59. And the median was 19.14.

ASA's Cyclically Adjusted PS Ratio is ranked worse than
62.95% of 923 companies
in the Asset Management industry
Industry Median: 7.86 vs ASA: 10.30

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

ASA Gold And Precious Metals's adjusted revenue per share data of for the fiscal year that ended in Nov25 was $35.613. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $5.60 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASA Gold And Precious Metals  (NYSE:ASA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


ASA Gold And Precious Metals Cyclically Adjusted PS Ratio Related Terms


ASA Gold And Precious Metals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASA Gold And Precious Metals Cyclically Adjusted PS Ratio Chart

ASA Gold And Precious Metals Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 19.49 12.80 9.41

ASA Gold And Precious Metals Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 12.80 0.00 9.41 0.00

ASA vs BMEZ, BTX, PDX: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASA Gold And Precious Metals Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio falls into.


ASA
38GF Score
ASA Gold And Precious Metals Ltd ASA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ASA Gold And Precious Metals Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

ASA Gold And Precious Metals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=61.34/5.60
=10.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASA Gold And Precious Metals's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 is calculated as:

For example, ASA Gold And Precious Metals's adjusted Revenue per Share data for the fiscal year that ended in Nov25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=35.613/324.1220*324.1220
=35.613

Current CPI (Nov25) = 324.1220.

ASA Gold And Precious Metals Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201611 4.486 241.353 6.024
201711 0.249 246.669 0.327
201811 -2.373 252.038 -3.052
201911 4.857 257.208 6.121
202011 9.313 260.229 11.600
202111 1.002 277.948 1.168
202211 -8.019 297.711 -8.730
202311 0.556 307.051 0.587
202411 6.189 315.493 6.358
202511 35.613 324.122 35.613

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 10.95 mean?
ASA Gold And Precious Metals (ASA) has a Cyclically Adjusted PS Ratio of 10.95 as of Aug. 19, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on ASA Gold And Precious Metals and its competitors. This is 43% below median its historical median of 19.14. Over the past decade, ASA Gold And Precious Metals' Cyclically Adjusted PS Ratio has ranged from 8.59 to 33.16. According to the industry distribution chart, ASA Gold And Precious Metals ranks #581 out of 923 companies in the Asset Management industry, placing it in the top 62.9%.
Is ASA Gold And Precious Metals' Cyclically Adjusted PS Ratio too high?
ASA Gold And Precious Metals' current Cyclically Adjusted PS Ratio of 10.95 is 43% below median its 10-year median of 19.14. Over the past 10 years, this metric has ranged from a low of 8.59 to a high of 33.16. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.86. ASA Gold And Precious Metals' value of 10.95 is 39.3% above this industry median. Based on the distribution chart, ASA Gold And Precious Metals ranks #581 out of 923 companies in the Asset Management industry, which is below the industry midpoint. Overall, ASA Gold And Precious Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does ASA Gold And Precious Metals' Cyclically Adjusted PS Ratio compare to BMEZ and BTX?
According to the Asset Management industry distribution chart, ASA Gold And Precious Metals ranks #581 out of 923 companies for Cyclically Adjusted PS Ratio. This places ASA Gold And Precious Metals in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.86. ASA Gold And Precious Metals' value of 10.95 is 39.3% above this benchmark. Historically, ASA Gold And Precious Metals' own Cyclically Adjusted PS Ratio has ranged from 8.59 to 33.16 over the past decade. While the company's 10-year median is 19.14 vs. the industry median of 7.86, ASA Gold And Precious Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.86, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASA Gold And Precious Metals's current Cyclically Adjusted PS Ratio of 10.95 is 39.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on ASA Gold And Precious Metals and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASA Gold And Precious Metals's current Cyclically Adjusted PS Ratio is 10.95, which is 43% below median its own 10-year median of 19.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASA Gold And Precious Metals stock overvalued right now?
ASA Gold And Precious Metals (ASA) has a current Cyclically Adjusted PS Ratio of 10.95. The current Cyclically Adjusted PS Ratio is 10.95, which is 43% below median its 10-year median of 19.14 and 39.3% above the Asset Management industry median of 7.86. ASA Gold And Precious Metals' overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For ASA Gold And Precious Metals (ASA), the current Cyclically Adjusted PS Ratio is 10.95 as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ASA Gold And Precious Metals Business Description

Address Three Canal Plaza, Suite 600, Portland, ME, USA, 04101
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
38GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$61.34
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