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Aberforth Smaller Trust (LSE:ASL) Cyclically Adjusted PS Ratio : 13.94 (As of Jun. 02, 2025)


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What is Aberforth Smaller Trust Cyclically Adjusted PS Ratio?

As of today (2025-06-02), Aberforth Smaller Trust's current share price is £14.78. Aberforth Smaller Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 was £1.06. Aberforth Smaller Trust's Cyclically Adjusted PS Ratio for today is 13.94.

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

LSE:ASL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.01   Med: 12.19   Max: 19.43
Current: 13.98

During the past 13 years, Aberforth Smaller Trust's highest Cyclically Adjusted PS Ratio was 19.43. The lowest was 5.01. And the median was 12.19.

LSE:ASL's Cyclically Adjusted PS Ratio is ranked worse than
79.09% of 861 companies
in the Asset Management industry
Industry Median: 8.22 vs LSE:ASL: 13.98

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.

Aberforth Smaller Trust's adjusted revenue per share data of for the fiscal year that ended in Dec24 was £1.825. 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 £1.06 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aberforth Smaller Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aberforth Smaller Trust'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.

Aberforth Smaller Trust Cyclically Adjusted PS Ratio Chart

Aberforth Smaller Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.36 9.68 10.85 16.40 13.91

Aberforth Smaller Trust Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 10.85 - 16.40 - 13.91

Competitive Comparison of Aberforth Smaller Trust's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Aberforth Smaller Trust'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.


Aberforth Smaller Trust's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Aberforth Smaller Trust's Cyclically Adjusted PS Ratio falls into.


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Aberforth Smaller Trust 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.

Aberforth Smaller Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.78/1.06
=13.94

* 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.

Aberforth Smaller Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Aberforth Smaller Trust's adjusted Revenue per Share data for the fiscal year that ended in Dec24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=1.825/135.1000*135.1000
=1.825

Current CPI (Dec24) = 135.1000.

Aberforth Smaller Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1.228 100.400 1.652
201612 0.687 102.200 0.908
201712 2.830 105.000 3.641
201812 -2.318 107.100 -2.924
201912 3.359 108.500 4.182
202012 -2.415 109.400 -2.982
202112 4.193 114.700 4.939
202212 -1.776 125.300 -1.915
202312 1.202 130.500 1.244
202412 1.825 135.100 1.825

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.


Aberforth Smaller Trust  (LSE:ASL) 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.


Aberforth Smaller Trust Cyclically Adjusted PS Ratio Related Terms

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


Aberforth Smaller Trust Business Description

Traded in Other Exchanges
N/A
Address
14 Melville Street, Edinburgh, GBR, EH3 7NS
Aberforth Smaller Companies Trust PLC is a UK based closed-ended investment trust. Its objective is to achieve a net asset value total return (with dividends reinvested) greater than that of the Numis Smaller Companies Index (excluding Investment Companies) over the long term. The Company also aims to achieve its objective by investing in small United Kingdom quoted companies. It invests in various sectors, such as technology, telecommunications, health care, financials, real estate, consumer discretionary, consumer staples, industrials, basic materials and energy.

Aberforth Smaller Trust Headlines

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