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Coronation Fund ManagersJSE:CML 74 Cyclically Adjusted PS Ratio is 2.98 as of Jul. 16, 2026, which is 16% below its 10-year median of 3.55. GuruFocus rates JSE:CML with a GF Score™ of 74/100 and a GF Value™ of R41.97 (Fairly Valued). The stock has 5 warning signs investors should review. Among 902 Asset Management companies, Coronation Fund Managers ranks better than 76.5% on this metric.
The historical rank and industry rank for Coronation Fund Managers's Cyclically Adjusted PS Ratio or its related term are showing as below:
JSE:CML'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.01 Med: 3.55 Max: 10.68
Current: 3
During the past 13 years, Coronation Fund Managers's highest Cyclically Adjusted PS Ratio was 10.68. The lowest was 2.01. And the median was 3.55.
JSE:CML's Cyclically Adjusted PS Ratio is ranked better than 76.5% of 902
companies
in the Asset Management industry
Industry Median: 7.66
vs JSE:CML: 3.00
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.
Coronation Fund Managers's adjusted revenue per share data of for the fiscal year that ended in Sep25 was R12.274. 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 R13.64 for the trailing ten years ended in Sep25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Coronation Fund Managers (JSE:CML) 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.
Coronation Fund Managers Cyclically Adjusted PS Ratio Related Terms
Coronation Fund Managers Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Coronation Fund Managers'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.
Coronation Fund Managers Cyclically Adjusted PS Ratio Chart
JSE:CML vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers's Cyclically Adjusted PS Ratio falls into.
Coronation Fund Managers 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 2.98 mean?
Coronation Fund Managers (JSE:CML) has a Cyclically Adjusted PS Ratio of 2.98 as of Jul. 16, 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 Coronation Fund Managers and its competitors. This is 16% below median its historical median of 3.55. Over the past decade, Coronation Fund Managers' Cyclically Adjusted PS Ratio has ranged from 2.01 to 10.68. According to the industry distribution chart, Coronation Fund Managers ranks #212 out of 902 companies in the Asset Management industry, placing it in the top 23.5%.
Is Coronation Fund Managers' Cyclically Adjusted PS Ratio too high?
Coronation Fund Managers' current Cyclically Adjusted PS Ratio of 2.98 is 16% below median its 10-year median of 3.55. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 10.68. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.66. Coronation Fund Managers' value of 2.98 is 61.1% below this industry median. Based on the distribution chart, Coronation Fund Managers ranks #212 out of 902 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Coronation Fund Managers has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #212 out of 902 companies for Cyclically Adjusted PS Ratio. This places Coronation Fund Managers in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.66. Coronation Fund Managers' value of 2.98 is 61.1% below this benchmark. Historically, Coronation Fund Managers' own Cyclically Adjusted PS Ratio has ranged from 2.01 to 10.68 over the past decade. While the company's 10-year median is 3.55 vs. the industry median of 7.66, Coronation Fund Managers 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 7.66, based on 902 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. Coronation Fund Managers's current Cyclically Adjusted PS Ratio of 2.98 is 61.1% 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 Coronation Fund Managers and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coronation Fund Managers's current Cyclically Adjusted PS Ratio is 2.98, which is 16% below median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R41.97, compared to a current price of R40.60 — trading 3.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.98, which is 16% below median its 10-year median of 3.55 and 61.1% below the Asset Management industry median of 7.66. Coronation Fund Managers' overall GF Score™ is 74/100 with 5 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 Coronation Fund Managers (JSE:CML), the current Cyclically Adjusted PS Ratio is 2.98 as of Jul. 16, 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.
Is Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R40.60 is trading 3.3% below its estimated GF Value™ of R41.97.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
Cyclically Adjusted PS Ratio: 2.98 (16% below median its 10-year median of 3.55)
GF Value™: R41.97 vs. price of R40.60 (3.3% below fair value)
Industry Position: 61.1% below the Asset Management median (#212 of 902)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
74GF Score
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