Baillie Gifford Shin Nippon (LSE:BGS) Cyclically Adjusted PS Ratio: 20.45 (As of Jul. 13, 2026) — 65% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:BGS Baillie Gifford Shin Nippon PLC LSE:BGS
38 GF Score
Price £1.64
! 6 Warning Signs
View Full Analysis

What is Baillie Gifford Shin Nippon Cyclically Adjusted PS Ratio?

Baillie Gifford Shin Nippon LSE:BGS +0.25% 38 Cyclically Adjusted PS Ratio is 20.45 as of Jul. 13, 2026, which is 65% above its 10-year median of 12.37. GuruFocus rates LSE:BGS with a GF Score™ of 38/100. The stock has 6 warning signs investors should review. Among 903 Asset Management companies, Baillie Gifford Shin Nippon ranks worse than 88.93% on this metric.

As of today (2026-07-13), Baillie Gifford Shin Nippon's current share price is £1.636. Baillie Gifford Shin Nippon's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jan26 was £0.08. Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio for today is 20.45.

The historical rank and industry rank for Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:BGS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.31   Med: 12.37   Max: 41.27
Current: 20.43

During the past 13 years, Baillie Gifford Shin Nippon's highest Cyclically Adjusted PS Ratio was 41.27. The lowest was 7.31. And the median was 12.37.

LSE:BGS's Cyclically Adjusted PS Ratio is ranked worse than
88.93% of 903 companies
in the Asset Management industry
Industry Median: 7.61 vs LSE:BGS: 20.43

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.

Baillie Gifford Shin Nippon's adjusted revenue per share data of for the fiscal year that ended in Jan26 was £0.056. 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 £0.08 for the trailing ten years ended in Jan26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baillie Gifford Shin Nippon  (LSE:BGS) 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.


Baillie Gifford Shin Nippon Cyclically Adjusted PS Ratio Related Terms


Baillie Gifford Shin Nippon Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Baillie Gifford Shin Nippon'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.

Baillie Gifford Shin Nippon Cyclically Adjusted PS Ratio Chart

Baillie Gifford Shin Nippon Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.35 10.16 11.32 12.40 16.91

Baillie Gifford Shin Nippon Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 11.32 0.00 12.40 0.00 16.91

LSE:BGS vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Baillie Gifford Shin Nippon'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.


Baillie Gifford Shin Nippon Cyclically Adjusted PS Ratio vs Asset Management Industry

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

* The bar in red indicates where Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio falls into.


LSE:BGS
38GF Score
Baillie Gifford Shin Nippon PLC LSE:BGS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baillie Gifford Shin Nippon 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.

Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.636/0.08
=20.45

* 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.

Baillie Gifford Shin Nippon's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jan26 is calculated as:

For example, Baillie Gifford Shin Nippon's adjusted Revenue per Share data for the fiscal year that ended in Jan26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan26 (Change)*Current CPI (Jan26)
=0.056/139.4000*139.4000
=0.056

Current CPI (Jan26) = 139.4000.

Baillie Gifford Shin Nippon Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201701 0.290 101.800 0.397
201801 0.526 104.500 0.702
201901 -0.135 106.400 -0.177
202001 0.143 108.300 0.184
202101 0.563 109.300 0.718
202201 -0.562 114.600 -0.684
202301 -0.017 124.800 -0.019
202401 -0.257 130.000 -0.276
202501 -0.098 135.100 -0.101
202601 0.056 139.400 0.056

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 20.45 mean?
Baillie Gifford Shin Nippon (LSE:BGS) has a Cyclically Adjusted PS Ratio of 20.45 as of Jul. 13, 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 Baillie Gifford Shin Nippon and its competitors. This is 65% above median its historical median of 12.37. Over the past decade, Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio has ranged from 7.31 to 41.27. According to the industry distribution chart, Baillie Gifford Shin Nippon ranks #803 out of 903 companies in the Asset Management industry, placing it in the top 88.9%.
Is Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio too high?
Baillie Gifford Shin Nippon's current Cyclically Adjusted PS Ratio of 20.45 is 65% above median its 10-year median of 12.37. Over the past 10 years, this metric has ranged from a low of 7.31 to a high of 41.27. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.61. Baillie Gifford Shin Nippon's value of 20.45 is 168.7% above this industry median. Based on the distribution chart, Baillie Gifford Shin Nippon ranks #803 out of 903 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Baillie Gifford Shin Nippon has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Baillie Gifford Shin Nippon's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Baillie Gifford Shin Nippon ranks #803 out of 903 companies for Cyclically Adjusted PS Ratio. This places Baillie Gifford Shin Nippon in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.61. Baillie Gifford Shin Nippon's value of 20.45 is 168.7% above this benchmark. Historically, Baillie Gifford Shin Nippon's own Cyclically Adjusted PS Ratio has ranged from 7.31 to 41.27 over the past decade. While the company's 10-year median is 12.37 vs. the industry median of 7.61, Baillie Gifford Shin Nippon has consistently been above 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 7.61, based on 903 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. Baillie Gifford Shin Nippon's current Cyclically Adjusted PS Ratio of 20.45 is 168.7% above 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 Baillie Gifford Shin Nippon and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baillie Gifford Shin Nippon's current Cyclically Adjusted PS Ratio is 20.45, which is 65% above median its own 10-year median of 12.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baillie Gifford Shin Nippon stock overvalued right now?
Baillie Gifford Shin Nippon (LSE:BGS) has a current Cyclically Adjusted PS Ratio of 20.45. The current Cyclically Adjusted PS Ratio is 20.45, which is 65% above median its 10-year median of 12.37 and 168.7% above the Asset Management industry median of 7.61. Baillie Gifford Shin Nippon's overall GF Score™ is 38/100 with 6 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 Baillie Gifford Shin Nippon (LSE:BGS), the current Cyclically Adjusted PS Ratio is 20.45 as of Jul. 13, 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.

Baillie Gifford Shin Nippon Business Description

Address Calton Square, 1 Greenside Row, Edinburgh, GBR, EH1 3AN
Baillie Gifford Shin Nippon PLC is an investment company that offers investors participation in a diversified portfolio of shares. Its objective is long-term capital growth from investments in small Japanese companies. The Company is engaged in a single segment of business, being the investment business. The group's investment portfolio is constructed through the identification of individual companies. It invests in consumer discretionary, consumer staples, Communication Services, Financials, Healthcare, Industrials, Information Technology, Real Estate, and Others.
38GF Score

Get the complete analysis for LSE:BGS

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.64
Price