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Henderson Highome Trust (LSE:HHI) Cyclically Adjusted PS Ratio : 13.54 (As of Jun. 09, 2024)


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What is Henderson Highome Trust Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Henderson Highome Trust's current share price is £1.625. Henderson Highome Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was £0.12. Henderson Highome Trust's Cyclically Adjusted PS Ratio for today is 13.54.

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

LSE:HHI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.21   Med: 10.85   Max: 19.96
Current: 13.1

During the past 13 years, Henderson Highome Trust's highest Cyclically Adjusted PS Ratio was 19.96. The lowest was 6.21. And the median was 10.85.

LSE:HHI's Cyclically Adjusted PS Ratio is ranked worse than
76.34% of 875 companies
in the Asset Management industry
Industry Median: 7.66 vs LSE:HHI: 13.10

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.

Henderson Highome Trust's adjusted revenue per share data of for the fiscal year that ended in Dec23 was £0.170. 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 £0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Henderson Highome Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Henderson Highome 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.

Henderson Highome Trust Cyclically Adjusted PS Ratio Chart

Henderson Highome Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.30 10.17 10.02 10.74 12.62

Henderson Highome Trust Semi-Annual Data
Jun14 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 10.02 - 10.74 - 12.62

Competitive Comparison of Henderson Highome Trust's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Henderson Highome 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.


Henderson Highome Trust's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Henderson Highome 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.

Henderson Highome Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.625/0.12
=13.54

* 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.

Henderson Highome Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Henderson Highome Trust's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.17/130.5000*130.5000
=0.170

Current CPI (Dec23) = 130.5000.

Henderson Highome Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.125 99.900 0.163
201512 0.130 100.400 0.169
201612 0.176 102.200 0.225
201712 0.261 105.000 0.324
201812 -0.262 107.100 -0.319
201912 0.414 108.500 0.498
202012 -0.204 109.400 -0.243
202112 0.297 114.700 0.338
202212 -0.081 125.300 -0.084
202312 0.170 130.500 0.170

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.


Henderson Highome Trust  (LSE:HHI) 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.


Henderson Highome Trust Cyclically Adjusted PS Ratio Related Terms

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


Henderson Highome Trust (LSE:HHI) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Henderson High Income Trust PLC is a United Kingdom-based investment trust. The company's investment objective is to invest in a prudently diversified selection of both known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth. To achieve this objective, the company invests substantially in ordinary shares of listed companies and the rest in fixed-interest stocks. Henderson's trust comprises securities in a variety of sectors, including financials, consumer goods, consumer services, fixed interest, telecommunications, utilities, healthcare, oil, and gas. The majority of its investments are based in the United Kingdom.

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