EVM's Cyclically Adjusted PS Ratio is not ranked *
in the Asset Management industry.
Industry Median: 7.61 * Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.
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.
Eaton Vance California Municipal Bond Fund's adjusted revenue per share data of for the fiscal year that ended in Sep24 was $1.342. 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 $0.52 for the trailing ten years ended in Sep24.
Shiller PE for Stocks: The True Measure of Stock Valuation
Eaton Vance California Municipal Bond Fund (AMEX:EVM) 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.
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PS Ratio Related Terms
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PS Ratio Historical Data
* 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.
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PS Ratio Chart
Eaton Vance California Municipal Bond Fund Annual Data
EVM vs TSI, LIEN, JRS: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Eaton Vance California Municipal Bond Fund'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.
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PS Ratio falls into.
Eaton Vance California Municipal Bond Fund 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.
* 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.
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 18.19 mean?
Eaton Vance California Municipal Bond Fund (EVM) has a Cyclically Adjusted PS Ratio of 18.19 as of Jul. 09, 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 Eaton Vance California Municipal Bond Fund and its competitors.
Is Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PS Ratio too high?
Eaton Vance California Municipal Bond Fund's current Cyclically Adjusted PS Ratio is 18.19. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.61. Eaton Vance California Municipal Bond Fund's value of 18.19 is 139% above this industry median. Overall, Eaton Vance California Municipal Bond Fund has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PS Ratio compare to TSI and LIEN?
Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PS Ratio of 18.19 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PS Ratio is 7.61. Eaton Vance California Municipal Bond Fund's value of 18.19 is 139% above this benchmark. 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 7.61, based on 904 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. Eaton Vance California Municipal Bond Fund's current Cyclically Adjusted PS Ratio of 18.19 is 139% 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 Eaton Vance California Municipal Bond Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance California Municipal Bond Fund's current Cyclically Adjusted PS Ratio is 18.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance California Municipal Bond Fund stock overvalued right now?
Eaton Vance California Municipal Bond Fund (EVM) has a current Cyclically Adjusted PS Ratio of 18.19. The current Cyclically Adjusted PS Ratio is 18.19 and 139% above the Asset Management industry median of 7.61. Eaton Vance California Municipal Bond Fund's overall GF Score™ is 23/100. 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 Eaton Vance California Municipal Bond Fund (EVM), the current Cyclically Adjusted PS Ratio is 18.19 as of Jul. 09, 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.
Eaton Vance California Municipal Bond Fund Business Description
Eaton Vance California Municipal Bond Fund is an investment company with an objective to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The company provides its solutions to individual investors, institutional investors, high net worth individuals, family office investors, and financial professionals. It offers a range of equity, income, and alternative strategies to institutional investors, both in the United States and internationally.
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