City of London Investment Trust (The) (LSE:CTY) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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LSE:CTY City of London Investment Trust (The) PLC LSE:CTY
49 GF Score
Price £5.85
GF Value £3.83
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is City of London Investment Trust (The) Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


City of London Investment Trust (The)  (LSE:CTY) 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 Trust (The) Cyclically Adjusted PS Ratio Related Terms


City of London Investment Trust (The) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for City of London Investment Trust (The)'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.

City of London Investment Trust (The) Cyclically Adjusted PS Ratio Chart

City of London Investment Trust (The) Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.75 19.00 19.27 21.10 23.68

City of London Investment Trust (The) Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 13.51 13.73 13.62 12.91 12.49

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

For the Asset Management subindustry, City of London Investment Trust (The)'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 Trust (The) Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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


LSE:CTY
49GF Score
City of London Investment Trust (The) PLC LSE:CTY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

City of London Investment Trust (The) 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 Trust (The)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 is calculated as:

For example, City of London Investment Trust (The)'s adjusted Revenue per Share data for the fiscal year that ended in Jun26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=0.254/142.3000*142.3000
=0.254

Current CPI (Jun26) = 142.3000.

City of London Investment Trust (The) Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201706 0.197 103.500 0.271
201806 0.167 105.900 0.224
201906 0.187 107.900 0.247
202006 -0.030 108.800 -0.039
202106 0.203 111.400 0.259
202206 0.244 120.500 0.288
202306 0.270 129.400 0.297
202406 0.301 133.000 0.322
202506 0.258 138.400 0.265
202606 0.254 142.300 0.254

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.

Is City of London Investment Trust (The) (LSE:CTY) Overvalued in 2026?

Based on GuruFocus' analysis, City of London Investment Trust (The) stock appears to be overvalued. The current stock price of £5.85 is trading 52.7% above its estimated GF Value™ of £3.83. GuruFocus considers City of London Investment Trust (The) to be Significantly Overvalued.

Key valuation signals for LSE:CTY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: £3.83 vs. price of £5.85 (52.7% above fair value)
  • GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the LSE:CTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


City of London Investment Trust (The) Business Description

Address 201 Bishopsgate, London, GBR, EC2M 3AE
City of London Investment Trust (The) PLC is an investment trust which aims to provide long-term growth in income and capital through investments in equities listed on the London Stock Exchange. While the company mainly invests in equities, there is the flexibility to invest in debt securities, such as convertibles, corporate bonds, or government debt. It generates key revenue from investing in the UK market.
49GF Score

Get the complete analysis for LSE:CTY

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

£5.85
Price
£3.83
GF Value