IAF (Abrdn Australia Equity Fund) Cyclically Adjusted PS Ratio: 7.69 (As of Aug. 22, 2026) — 41% Below Median

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IAF Abrdn Australia Equity Fund Inc IAF
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Price $13.45
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What is Abrdn Australia Equity Fund Cyclically Adjusted PS Ratio?

Abrdn Australia Equity Fund IAF +1.59% 30 Cyclically Adjusted PS Ratio is 7.69 as of Aug. 22, 2026, which is 41% below its 10-year median of 13.12. GuruFocus rates IAF with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 921 Asset Management companies, Abrdn Australia Equity Fund ranks better than 51.14% on this metric.

As of today (2026-08-22), Abrdn Australia Equity Fund's current share price is $13.45. Abrdn Australia Equity Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct25 was $1.75. Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio for today is 7.69.

The historical rank and industry rank for Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio or its related term are showing as below:

IAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.76   Med: 13.12   Max: 31.03
Current: 7.56

During the past 13 years, Abrdn Australia Equity Fund's highest Cyclically Adjusted PS Ratio was 31.03. The lowest was 6.76. And the median was 13.12.

IAF's Cyclically Adjusted PS Ratio is ranked better than
51.14% of 921 companies
in the Asset Management industry
Industry Median: 7.83 vs IAF: 7.56

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.

Abrdn Australia Equity Fund's adjusted revenue per share data of for the fiscal year that ended in Oct25 was $. 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 $1.75 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Abrdn Australia Equity Fund  (AMEX:IAF) 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.


Abrdn Australia Equity Fund Cyclically Adjusted PS Ratio Related Terms


Abrdn Australia Equity Fund Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Abrdn Australia Equity Fund'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.

Abrdn Australia Equity Fund Cyclically Adjusted PS Ratio Chart

Abrdn Australia Equity Fund Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.62 16.33 18.41 12.23 7.74

Abrdn Australia Equity Fund Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.00 12.23 0.00 7.74 0.00

IAF vs DMO, GGZ, PFO: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Abrdn Australia Equity 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.


Abrdn Australia Equity Fund Cyclically Adjusted PS Ratio vs Asset Management Industry

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

* The bar in red indicates where Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio falls into.


IAF
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Abrdn Australia Equity Fund Inc IAF
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Abrdn Australia Equity 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.

Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.45/1.75
=7.69

* 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.

Abrdn Australia Equity Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct25 is calculated as:

For example, Abrdn Australia Equity Fund's adjusted Revenue per Share data for the fiscal year that ended in Oct25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=1.547/*
=

Current CPI (Oct25) = .

Abrdn Australia Equity Fund Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201610 1.788 241.729 0.000
201710 2.930 246.663 0.000
201810 -0.616 252.885 0.000
201910 2.613 257.346 0.000
202010 -0.144 260.388 0.000
202110 5.741 276.589 0.000
202210 -3.443 298.012 0.000
202310 0.317 307.671 0.000
202410 3.950 315.664 0.000
202510 1.547 0.000

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.

What does a Cyclically Adjusted PS Ratio of 7.69 mean?
Abrdn Australia Equity Fund (IAF) has a Cyclically Adjusted PS Ratio of 7.69 as of Aug. 22, 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 Abrdn Australia Equity Fund and its competitors. This is 41% below median its historical median of 13.12. Over the past decade, Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio has ranged from 6.76 to 31.03. According to the industry distribution chart, Abrdn Australia Equity Fund ranks #450 out of 921 companies in the Asset Management industry, placing it in the top 48.9%.
Is Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio too high?
Abrdn Australia Equity Fund's current Cyclically Adjusted PS Ratio of 7.69 is 41% below median its 10-year median of 13.12. Over the past 10 years, this metric has ranged from a low of 6.76 to a high of 31.03. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.83. Abrdn Australia Equity Fund's value of 7.69 is 1.8% below this industry median. Based on the distribution chart, Abrdn Australia Equity Fund ranks #450 out of 921 companies in the Asset Management industry, which is above the industry midpoint. Overall, Abrdn Australia Equity Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Abrdn Australia Equity Fund's Cyclically Adjusted PS Ratio compare to DMO and GGZ?
According to the Asset Management industry distribution chart, Abrdn Australia Equity Fund ranks #450 out of 921 companies for Cyclically Adjusted PS Ratio. This puts Abrdn Australia Equity Fund in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.83. Abrdn Australia Equity Fund's value of 7.69 is 1.8% below this benchmark. Historically, Abrdn Australia Equity Fund's own Cyclically Adjusted PS Ratio has ranged from 6.76 to 31.03 over the past decade. While the company's 10-year median is 13.12 vs. the industry median of 7.83, Abrdn Australia Equity Fund has consistently been below the industry average. 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 7.83, based on 921 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. Abrdn Australia Equity Fund's current Cyclically Adjusted PS Ratio of 7.69 is 1.8% below 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 Abrdn Australia Equity Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abrdn Australia Equity Fund's current Cyclically Adjusted PS Ratio is 7.69, which is 41% below median its own 10-year median of 13.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abrdn Australia Equity Fund stock overvalued right now?
Abrdn Australia Equity Fund (IAF) has a current Cyclically Adjusted PS Ratio of 7.69. The current Cyclically Adjusted PS Ratio is 7.69, which is 41% below median its 10-year median of 13.12 and 1.8% below the Asset Management industry median of 7.83. Abrdn Australia Equity Fund's overall GF Score™ is 30/100 with 7 warning signs to review. 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 Abrdn Australia Equity Fund (IAF), the current Cyclically Adjusted PS Ratio is 7.69 as of Aug. 22, 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.

Abrdn Australia Equity Fund Business Description

Address 1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
Aberdeen Australia Equity Fund Inc is a non-diversified closed-end investment management company. With a core focus on long-term capital appreciation, it invests predominantly in equity securities listed on the Australian Stock Exchange. Its secondary objective is current income, which it expects to derive from dividends and interest on Australian corporate and governmental securities. Its investment portfolio comprises diversified sectors that include Financials, Health Care, Materials, Information Technology, Real Estate, and other sectors.
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