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Future Generation Investment Co (ASX:FGX) Cyclically Adjusted PS Ratio : 10.42 (As of Apr. 29, 2025)


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What is Future Generation Investment Co Cyclically Adjusted PS Ratio?

As of today (2025-04-29), Future Generation Investment Co's current share price is A$1.25. Future Generation Investment Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 was A$0.12. Future Generation Investment Co's Cyclically Adjusted PS Ratio for today is 10.42.

The historical rank and industry rank for Future Generation Investment Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

ASX:FGX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 16.13
Current: 10.52

During the past 13 years, Future Generation Investment Co's highest Cyclically Adjusted PS Ratio was 16.13. The lowest was 0.01. And the median was 0.03.

ASX:FGX's Cyclically Adjusted PS Ratio is ranked worse than
66.59% of 862 companies
in the Asset Management industry
Industry Median: 7.785 vs ASX:FGX: 10.52

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.

Future Generation Investment Co's adjusted revenue per share data of for the fiscal year that ended in Dec24 was A$0.169. 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 A$0.12 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Future Generation Investment Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Future Generation Investment Co'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.

* Premium members only.

Future Generation Investment Co Cyclically Adjusted PS Ratio Chart

Future Generation Investment Co Annual Data
Trend Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.08 0.11 14.05 10.82

Future Generation Investment Co Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.11 - 14.05 - 10.82

Competitive Comparison of Future Generation Investment Co's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Future Generation Investment Co'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.


Future Generation Investment Co's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Future Generation Investment Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Future Generation Investment Co's Cyclically Adjusted PS Ratio falls into.


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Future Generation Investment Co 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.

Future Generation Investment Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.25/0.12
=10.42

* 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.

Future Generation Investment Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Future Generation Investment Co's adjusted Revenue per Share data for the fiscal year that ended in Dec24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=0.169/129.4637*129.4637
=0.169

Current CPI (Dec24) = 129.4637.

Future Generation Investment Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.112 99.838 0.145
201606 0.101 100.859 0.130
201712 0.090 104.110 0.112
201812 0.102 105.967 0.125
201912 0.078 107.917 0.094
202012 0.051 108.846 0.061
202112 0.289 112.654 0.332
202212 -0.154 121.477 -0.164
202312 0.160 126.399 0.164
202412 0.169 129.464 0.169

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.


Future Generation Investment Co  (ASX:FGX) 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.


Future Generation Investment Co Cyclically Adjusted PS Ratio Related Terms

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Future Generation Investment Co Business Description

Traded in Other Exchanges
N/A
Address
Governor Phillip Tower, Level 26, 1 Farrer Place, Sydney, NSW, AUS, 2000
Future Generation Investment Co Ltd is an investment company engaged in investing activities including cash, term deposits and investments in underlying funds managed by Australian equity fund managers. The company's investment objectives are to provide shareholders with a growing stream of fully franked dividends, achieve long-term capital growth and preserve shareholder capital.

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