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abrdn Asia Focus (LSE:AAS) Cyclically Adjusted PS Ratio : 16.88 (As of May. 21, 2024)


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What is abrdn Asia Focus Cyclically Adjusted PS Ratio?

As of today (2024-05-21), abrdn Asia Focus's current share price is £2.87. abrdn Asia Focus's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 was £0.17. abrdn Asia Focus's Cyclically Adjusted PS Ratio for today is 16.88.

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

LSE:AAS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.16   Med: 9.8   Max: 17.97
Current: 16.31

During the past 13 years, abrdn Asia Focus's highest Cyclically Adjusted PS Ratio was 17.97. The lowest was 6.16. And the median was 9.80.

LSE:AAS's Cyclically Adjusted PS Ratio is ranked worse than
83.85% of 879 companies
in the Asset Management industry
Industry Median: 7.52 vs LSE:AAS: 16.31

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 Asia Focus's adjusted revenue per share data of for the fiscal year that ended in Jul23 was £0.236. 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 £0.17 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


abrdn Asia Focus Cyclically Adjusted PS Ratio Historical Data

The historical data trend for abrdn Asia Focus'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.

abrdn Asia Focus Cyclically Adjusted PS Ratio Chart

abrdn Asia Focus Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.56 12.98 12.71 12.47 15.16

abrdn Asia Focus Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 12.47 - 15.16 -

Competitive Comparison of abrdn Asia Focus's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, abrdn Asia Focus'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 Asia Focus's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where abrdn Asia Focus's Cyclically Adjusted PS Ratio falls into.



abrdn Asia Focus 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 Asia Focus's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.87/0.17
=16.88

* 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 Asia Focus's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 is calculated as:

For example, abrdn Asia Focus's adjusted Revenue per Share data for the fiscal year that ended in Jul23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=0.236/129.0000*129.0000
=0.236

Current CPI (Jul23) = 129.0000.

abrdn Asia Focus Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201407 -0.048 99.600 -0.062
201507 -0.082 100.000 -0.106
201607 0.308 100.900 0.394
201707 0.320 103.500 0.399
201807 0.086 105.900 0.105
201907 0.160 108.000 0.191
202007 -0.327 109.200 -0.386
202107 0.889 111.400 1.029
202207 -0.055 121.200 -0.059
202307 0.236 129.000 0.236

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.


abrdn Asia Focus  (LSE:AAS) 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 Asia Focus Cyclically Adjusted PS Ratio Related Terms

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abrdn Asia Focus (LSE:AAS) Business Description

Traded in Other Exchanges
Address
280 Bishopsgate, London, GBR, EC2M 4AG
abrdn Asia Focus PLC, formerly Aberdeen Standard Asia Focus PLC is a United Kingdom-based investment trust. Its investment objective is to maximize total return to shareholders over the long term from a portfolio of smaller quoted companies in the economies of Asia and Australasia, excluding Japan. The company uses gearing selectively to leverage its portfolio in order to enhance returns. It aims to achieve a spread of investments, with no single investment representing more than 15% of assets at the time of investment. The company seeks to diversify its portfolio across a range of industries and economies within the investment region.

abrdn Asia Focus (LSE:AAS) Headlines

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