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City of London Investment Group (LSE:CLIG) Cyclically Adjusted PS Ratio : 2.55 (As of Jun. 16, 2024)


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What is City of London Investment Group Cyclically Adjusted PS Ratio?

As of today (2024-06-16), City of London Investment Group's current share price is £3.60. City of London Investment Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was £1.41. City of London Investment Group's Cyclically Adjusted PS Ratio for today is 2.55.

The historical rank and industry rank for City of London Investment Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:CLIG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.15   Med: 3.3   Max: 4.28
Current: 2.56

During the past 13 years, City of London Investment Group's highest Cyclically Adjusted PS Ratio was 4.28. The lowest was 2.15. And the median was 3.30.

LSE:CLIG's Cyclically Adjusted PS Ratio is ranked better than
76.2% of 878 companies
in the Asset Management industry
Industry Median: 7.75 vs LSE:CLIG: 2.56

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.

City of London Investment Group's adjusted revenue per share data of for the fiscal year that ended in Jun23 was £1.152. 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 £1.41 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


City of London Investment Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for City of London Investment Group'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.

City of London Investment Group Cyclically Adjusted PS Ratio Chart

City of London Investment Group Annual Data
Trend May13 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.20 2.94 4.07 3.15 2.87

City of London Investment Group Semi-Annual Data
Nov13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 3.15 - 2.87 -

Competitive Comparison of City of London Investment Group's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, City of London Investment Group'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.


City of London Investment Group's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, City of London Investment Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where City of London Investment Group's Cyclically Adjusted PS Ratio falls into.



City of London Investment Group 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.

City of London Investment Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.60/1.41
=2.55

* 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.

City of London Investment Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, City of London Investment Group's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=1.152/129.4000*129.4000
=1.152

Current CPI (Jun23) = 129.4000.

City of London Investment Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201305 1.150 98.200 1.515
201506 1.013 100.100 1.310
201606 0.916 101.000 1.174
201706 1.256 103.500 1.570
201806 1.302 105.900 1.591
201906 1.237 107.900 1.483
202006 1.277 108.800 1.519
202106 1.243 111.400 1.444
202206 1.214 120.500 1.304
202306 1.152 129.400 1.152

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.


City of London Investment Group  (LSE:CLIG) 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.


City of London Investment Group Cyclically Adjusted PS Ratio Related Terms

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City of London Investment Group (LSE:CLIG) Business Description

Traded in Other Exchanges
Address
77 Gracechurch Street, London, GBR, EC3V 0AS
City of London Investment Group PLC is a United Kingdom-based asset management company. The company through its subsidiaries offers products of emerging markets and closed-end funds. Its principal operating subsidiary acts as an investment adviser for the company. It has operations in the United States, Canada, the United Kingdom, and Europe.

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