Scottish Mortgage Investment Trust (CHIX:SMTL) Cyclically Adjusted PS Ratio : 9.83 (As of Jun. 03, 2025)

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What is Scottish Mortgage Investment Trust Cyclically Adjusted PS Ratio?

As of today (2025-06-03), Scottish Mortgage Investment Trust's current share price is £9.139. Scottish Mortgage Investment Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar25 was £0.93. Scottish Mortgage Investment Trust's Cyclically Adjusted PS Ratio for today is 9.83.

The historical rank and industry rank for Scottish Mortgage Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:SMTl' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.63 Med: 12 Max: 29.02
Current: 10.24

During the past 13 years, Scottish Mortgage Investment Trust's highest Cyclically Adjusted PS Ratio was 29.02. The lowest was 6.63. And the median was 12.00.

CHIX:SMTl's Cyclically Adjusted PS Ratio is ranked worse than
62.14% of 861 companies
in the Asset Management industry
Industry Median: 8.22 vs CHIX:SMTl: 10.24

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.

Scottish Mortgage Investment Trust's adjusted revenue per share data of for the fiscal year that ended in Mar25 was £0.960. 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 £0.93 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation

Scottish Mortgage Investment Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Scottish Mortgage Investment Trust'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.

Scottish Mortgage Investment Trust Cyclically Adjusted PS Ratio Chart

Scottish Mortgage Investment Trust Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Cyclically Adjusted PS Ratio

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10.48

10.46

8.12

9.77

9.81

Scottish Mortgage Investment Trust Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															8.12	-	9.77	-	9.81

Competitive Comparison of Scottish Mortgage Investment Trust's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Scottish Mortgage Investment Trust'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.

Scottish Mortgage Investment Trust's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Scottish Mortgage Investment Trust's Cyclically Adjusted PS Ratio falls into.

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Scottish Mortgage Investment Trust 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.

Scottish Mortgage Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	9.139	/	0.93
	=	9.83

Scottish Mortgage Investment Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar25 is calculated as:

For example, Scottish Mortgage Investment Trust's adjusted Revenue per Share data for the fiscal year that ended in Mar25 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Mar25 (Change)	*	Current CPI (Mar25)
	=	0.96	/	136.1000	*	136.1000
	=	0.960

Current CPI (Mar25) = 136.1000.

Scottish Mortgage Investment Trust Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201603	-0.008	100.400	-0.011
201703	0.988	102.700	1.309
201803	0.873	105.100	1.130
201903	0.615	107.000	0.782
202003	0.665	108.600	0.833
202103	6.335	109.700	7.860
202203	-1.777	116.500	-2.076
202303	-2.039	126.800	-2.189
202403	0.981	131.600	1.015
202503	0.960	136.100	0.960

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.

Scottish Mortgage Investment Trust (CHIX:SMTl) 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.

Scottish Mortgage Investment Trust Cyclically Adjusted PS Ratio Related Terms

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

Scottish Mortgage Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Scottish Mortgage Investment Trust PLC (CHIX:SMTl) » Definitions » Cyclically Adjusted PS Ratio

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Traded in Other Exchanges

SMT:UK

Address

1 Greenside Row, Calton Square, Edinburgh, GBR, EH1 3AN

Website

https://www.scottishmortgage.com

Scottish Mortgage Investment Trust PLC is an investment trust company. The company's objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the company to provide capital and dividend growth. It focuses on investment in quoted securities irrespective of any geographical, industry, and sector exposure. The portfolio also invests in fixed-income securities, convertible securities, funds, unquoted entities, and other assets.

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