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Merchants Trust (The) (CHIX:MRCHL) Cyclically Adjusted PS Ratio : 13.24 (As of Jun. 28, 2025)


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What is Merchants Trust (The) Cyclically Adjusted PS Ratio?

As of today (2025-06-28), Merchants Trust (The)'s current share price is £5.56. Merchants Trust (The)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jan25 was £0.42. Merchants Trust (The)'s Cyclically Adjusted PS Ratio for today is 13.24.

The historical rank and industry rank for Merchants Trust (The)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:MRCHl' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.93   Med: 13.54   Max: 32
Current: 13.44

During the past 13 years, Merchants Trust (The)'s highest Cyclically Adjusted PS Ratio was 32.00. The lowest was 6.93. And the median was 13.54.

CHIX:MRCHl's Cyclically Adjusted PS Ratio is ranked worse than
77.55% of 873 companies
in the Asset Management industry
Industry Median: 8.01 vs CHIX:MRCHl: 13.44

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.

Merchants Trust (The)'s adjusted revenue per share data of for the fiscal year that ended in Jan25 was £0.722. 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 £0.42 for the trailing ten years ended in Jan25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merchants Trust (The) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Merchants Trust (The)'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.

Merchants Trust (The) Cyclically Adjusted PS Ratio Chart

Merchants Trust (The) Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.20 11.48 12.77 14.54 13.34

Merchants Trust (The) Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 12.77 - 14.54 - 13.34

Competitive Comparison of Merchants Trust (The)'s Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Merchants Trust (The)'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.


Merchants Trust (The)'s Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Merchants Trust (The)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Merchants Trust (The)'s Cyclically Adjusted PS Ratio falls into.


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Merchants Trust (The) 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.

Merchants Trust (The)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.56/0.42
=13.24

* 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.

Merchants Trust (The)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jan25 is calculated as:

For example, Merchants Trust (The)'s adjusted Revenue per Share data for the fiscal year that ended in Jan25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan25 (Change)*Current CPI (Jan25)
=0.722/135.1000*135.1000
=0.722

Current CPI (Jan25) = 135.1000.

Merchants Trust (The) Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201601 -0.341 99.900 -0.461
201701 0.681 101.800 0.904
201801 0.696 104.500 0.900
201901 -0.286 106.400 -0.363
202001 0.996 108.300 1.242
202101 -0.559 109.300 -0.691
202201 1.489 114.600 1.755
202301 0.326 124.800 0.353
202401 -0.186 130.000 -0.193
202501 0.722 135.100 0.722

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.


Merchants Trust (The)  (CHIX:MRCHl) 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.


Merchants Trust (The) Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Merchants Trust (The)'s Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Merchants Trust (The) Business Description

Traded in Other Exchanges
Address
199 Bishopsgate, London, GBR, EC2M 3TY
Merchants Trust (The) PLC is an investment trust. Its objective is to provide an above-average level of income and income growth together with long-term capital growth through a policy of investing mainly in higher-yielding large UK companies. Its performance is benchmarked against the FTSE All-Share Index.

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