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.
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.
Develop NorthLSE:DVNO 32 Cyclically Adjusted PS Ratio is 15.00 as of Aug. 08, 2026, which is 2% below its 10-year median of 15.30. GuruFocus rates LSE:DVNO with a GF Score™ of 32/100 and a GF Value™ of £0.81 (Fairly Valued). The stock has 6 warning signs investors should review. Among 920 Asset Management companies, Develop North ranks worse than 80.76% on this metric.
The historical rank and industry rank for Develop North's Cyclically Adjusted PS Ratio or its related term are showing as below:
LSE:DVNO'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.5 Med: 15.3 Max: 15.6
Current: 15.2
During the past 10 years, Develop North's highest Cyclically Adjusted PS Ratio was 15.60. The lowest was 13.50. And the median was 15.30.
LSE:DVNO's Cyclically Adjusted PS Ratio is ranked worse than 80.76% of 920
companies
in the Asset Management industry
Industry Median: 7.835
vs LSE:DVNO: 15.20
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.
Develop North's adjusted revenue per share data of for the fiscal year that ended in Nov25 was £0.053. 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 £0.05 for the trailing ten years ended in Nov25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Develop North (LSE:DVNO) 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.
Develop North Cyclically Adjusted PS Ratio Related Terms
Develop North Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Develop North'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.
LSE:DVNO vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Develop North'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.
Develop North Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Develop North's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Develop North's Cyclically Adjusted PS Ratio falls into.
Develop North 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.
Develop North's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 15.00 mean?
Develop North (LSE:DVNO) has a Cyclically Adjusted PS Ratio of 15.00 as of Aug. 08, 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 Develop North and its competitors. This is near median its historical median of 15.30. Over the past decade, Develop North's Cyclically Adjusted PS Ratio has ranged from 13.50 to 15.60. According to the industry distribution chart, Develop North ranks #743 out of 920 companies in the Asset Management industry, placing it in the top 80.8%.
Is Develop North's Cyclically Adjusted PS Ratio too high?
Develop North's current Cyclically Adjusted PS Ratio of 15.00 is near median its 10-year median of 15.30. Over the past 10 years, this metric has ranged from a low of 13.50 to a high of 15.60. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.84. Develop North's value of 15.00 is 91.4% above this industry median. Based on the distribution chart, Develop North ranks #743 out of 920 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Develop North has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Develop North's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Develop North ranks #743 out of 920 companies for Cyclically Adjusted PS Ratio. This places Develop North in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.84. Develop North's value of 15.00 is 91.4% above this benchmark. Historically, Develop North's own Cyclically Adjusted PS Ratio has ranged from 13.50 to 15.60 over the past decade. While the company's 10-year median is 15.30 vs. the industry median of 7.84, Develop North 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 7.84, based on 920 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. Develop North's current Cyclically Adjusted PS Ratio of 15.00 is 91.4% 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 Develop North and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develop North's current Cyclically Adjusted PS Ratio is 15.00, which is near median its own 10-year median of 15.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop North stock overvalued right now?
Based on GuruFocus' analysis, Develop North (LSE:DVNO) is currently considered Fairly Valued. The stock's GF Value™ is £0.81, compared to a current price of £0.75 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 15.00, which is near median its 10-year median of 15.30 and 91.4% above the Asset Management industry median of 7.84. Develop North's overall GF Score™ is 32/100 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 Develop North (LSE:DVNO), the current Cyclically Adjusted PS Ratio is 15.00 as of Aug. 08, 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.
Is Develop North (LSE:DVNO) Overvalued in 2026?
Based on GuruFocus' analysis, Develop North stock appears to be undervalued.
The current stock price of £0.75 is trading 7.4% below its estimated GF Value™ of £0.81.
GuruFocus considers Develop North to be Fairly Valued.
Key valuation signals for LSE:DVNO:
Cyclically Adjusted PS Ratio: 15.00 (near median its 10-year median of 15.30)
GF Value™: £0.81 vs. price of £0.75 (7.4% below fair value)
Industry Position: 91.4% above the Asset Management median (#743 of 920)
No single metric tells the full story. See the LSE:DVNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term, Its portfolio consists of Apartment Group, Claypath, Dickinson Apartments, St Margaret's Place, Whitley Court, The Millhouse, AM Number Three, Almscliffe, Horizon Middleton Towers, Harrow Living, Jaymac Solutions, Apartment Group, Cutler House Road, Kenley Homes, Horizon Cremation, and Bede Homes.
32GF Score
Get the complete analysis for LSE:DVNO
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:DVNO has been successfully added to your 
