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CI Financial (FRA:CF7) Cyclically Adjusted PS Ratio : 1.43 (As of Sep. 27, 2024)


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What is CI Financial Cyclically Adjusted PS Ratio?

As of today (2024-09-27), CI Financial's current share price is €12.00. CI Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was €8.39. CI Financial's Cyclically Adjusted PS Ratio for today is 1.43.

The historical rank and industry rank for CI Financial's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:CF7' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.96   Max: 6.52
Current: 1.47

During the past years, CI Financial's highest Cyclically Adjusted PS Ratio was 6.52. The lowest was 1.12. And the median was 2.96.

FRA:CF7's Cyclically Adjusted PS Ratio is ranked better than
84.13% of 876 companies
in the Asset Management industry
Industry Median: 7.995 vs FRA:CF7: 1.47

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.

CI Financial's adjusted revenue per share data for the three months ended in Jun. 2024 was €2.989. 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 €8.39 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CI Financial'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.

CI Financial Cyclically Adjusted PS Ratio Chart

CI Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 2.05 3.01 1.32 1.27

CI Financial Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.37 1.36 1.27 1.43 1.16

Competitive Comparison of CI Financial's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, CI Financial'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.


CI Financial's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where CI Financial's Cyclically Adjusted PS Ratio falls into.



CI Financial 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.

CI Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.00/8.39
=1.43

* 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.

CI Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, CI Financial's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=2.989/127.5217*127.5217
=2.989

Current CPI (Jun. 2024) = 127.5217.

CI Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 1.208 99.394 1.550
201412 1.206 98.367 1.563
201503 1.299 99.789 1.660
201506 1.291 100.500 1.638
201509 1.204 100.421 1.529
201512 1.195 99.947 1.525
201603 1.160 101.054 1.464
201606 1.204 102.002 1.505
201609 1.246 101.765 1.561
201612 1.350 101.449 1.697
201703 1.327 102.634 1.649
201706 1.306 103.029 1.616
201709 1.336 103.345 1.649
201712 1.434 103.345 1.769
201803 1.332 105.004 1.618
201806 1.393 105.557 1.683
201809 1.455 105.636 1.756
201812 1.401 105.399 1.695
201903 1.437 106.979 1.713
201906 1.478 107.690 1.750
201909 1.554 107.611 1.842
201912 1.621 107.769 1.918
202003 1.464 107.927 1.730
202006 1.432 108.401 1.685
202009 1.592 108.164 1.877
202012 1.729 108.559 2.031
202103 1.967 110.298 2.274
202106 2.150 111.720 2.454
202109 2.363 112.905 2.669
202112 2.628 113.774 2.946
202203 2.775 117.646 3.008
202206 2.790 120.806 2.945
202209 2.871 120.648 3.035
202212 2.746 120.964 2.895
202303 2.776 122.702 2.885
202306 2.842 124.203 2.918
202309 3.395 125.230 3.457
202312 3.335 125.072 3.400
202403 3.574 126.258 3.610
202406 2.989 127.522 2.989

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.


CI Financial  (FRA:CF7) 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.


CI Financial Cyclically Adjusted PS Ratio Related Terms

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


CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a provider of asset and wealth management products and services. The company has a decent share in the Canadian fund market (fifth overall behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year), and remains the second-largest nonbank-affiliated asset manager in the Canadian market, with CAD 129.5 billion in assets under management (including CAD 34.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of May 2024. It also had CAD 342.2 billion in assets under advisement (including CAD 230.1 billion from its US wealth management operations and CAD 94.1 billion from its Canadian wealth management partners), and CAD 28.6 billion in custody assets.

CI Financial Headlines

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