JPMorgan Emerging Markets Growth &ome (LSE:JMGI) Cyclically Adjusted PS Ratio: 16.08 (As of Jul. 18, 2026) — 18% Above Median

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LSE:JMGI JPMorgan Emerging Markets Growth & Income PLC LSE:JMGI
54 GF Score
Price £1.61
GF Value £6.93
Valuation Significantly Undervalued
! 4 Warning Signs
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What is JPMorgan Emerging Markets Growth &ome Cyclically Adjusted PS Ratio?

JPMorgan Emerging Markets Growth &ome LSE:JMGI -2.90% 54 Cyclically Adjusted PS Ratio is 16.08 as of Jul. 18, 2026, which is 18% above its 10-year median of 13.60. GuruFocus rates LSE:JMGI with a GF Score™ of 54/100 and a GF Value™ of £6.93 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 902 Asset Management companies, JPMorgan Emerging Markets Growth &ome ranks worse than 85.7% on this metric.

As of today (2026-07-18), JPMorgan Emerging Markets Growth &ome's current share price is £1.608. JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was £0.10. JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio for today is 16.08.

The historical rank and industry rank for JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:JMGI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.81   Med: 13.6   Max: 21.49
Current: 17.8

During the past 13 years, JPMorgan Emerging Markets Growth &ome's highest Cyclically Adjusted PS Ratio was 21.49. The lowest was 9.81. And the median was 13.60.

LSE:JMGI's Cyclically Adjusted PS Ratio is ranked worse than
85.7% of 902 companies
in the Asset Management industry
Industry Median: 7.68 vs LSE:JMGI: 17.80

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.

JPMorgan Emerging Markets Growth &ome's adjusted revenue per share data of for the fiscal year that ended in Jun25 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 £0.10 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Emerging Markets Growth &ome  (LSE:JMGI) 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.


JPMorgan Emerging Markets Growth &ome Cyclically Adjusted PS Ratio Related Terms


JPMorgan Emerging Markets Growth &ome Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JPMorgan Emerging Markets Growth &ome'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.

JPMorgan Emerging Markets Growth &ome Cyclically Adjusted PS Ratio Chart

JPMorgan Emerging Markets Growth &ome Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.96 12.76 13.05 11.49 12.07

JPMorgan Emerging Markets Growth &ome Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 11.49 0.00 12.07 0.00

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

For the Asset Management subindustry, JPMorgan Emerging Markets Growth &ome'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.


JPMorgan Emerging Markets Growth &ome Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio falls into.


LSE:JMGI
54GF Score
JPMorgan Emerging Markets Growth & Income PLC LSE:JMGI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JPMorgan Emerging Markets Growth &ome 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.

JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.608/0.10
=16.08

* 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.

JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, JPMorgan Emerging Markets Growth &ome's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=0.053/138.4000*138.4000
=0.053

Current CPI (Jun25) = 138.4000.

JPMorgan Emerging Markets Growth &ome Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.082 101.000 0.112
201706 0.174 103.500 0.233
201806 0.077 105.900 0.101
201906 0.126 107.900 0.162
202006 0.028 108.800 0.036
202106 0.357 111.400 0.444
202206 -0.240 120.500 -0.276
202306 0.007 129.400 0.007
202406 0.085 133.000 0.088
202506 0.053 138.400 0.053

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 16.08 mean?
JPMorgan Emerging Markets Growth &ome (LSE:JMGI) has a Cyclically Adjusted PS Ratio of 16.08 as of Jul. 18, 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 JPMorgan Emerging Markets Growth &ome and its competitors. This is 18% above median its historical median of 13.60. Over the past decade, JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio has ranged from 9.81 to 21.49. According to the industry distribution chart, JPMorgan Emerging Markets Growth &ome ranks #773 out of 902 companies in the Asset Management industry, placing it in the top 85.7%.
Is JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio too high?
JPMorgan Emerging Markets Growth &ome's current Cyclically Adjusted PS Ratio of 16.08 is 18% above median its 10-year median of 13.60. Over the past 10 years, this metric has ranged from a low of 9.81 to a high of 21.49. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.68. JPMorgan Emerging Markets Growth &ome's value of 16.08 is 109.4% above this industry median. Based on the distribution chart, JPMorgan Emerging Markets Growth &ome ranks #773 out of 902 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, JPMorgan Emerging Markets Growth &ome has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Emerging Markets Growth &ome's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan Emerging Markets Growth &ome ranks #773 out of 902 companies for Cyclically Adjusted PS Ratio. This places JPMorgan Emerging Markets Growth &ome in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.68. JPMorgan Emerging Markets Growth &ome's value of 16.08 is 109.4% above this benchmark. Historically, JPMorgan Emerging Markets Growth &ome's own Cyclically Adjusted PS Ratio has ranged from 9.81 to 21.49 over the past decade. While the company's 10-year median is 13.60 vs. the industry median of 7.68, JPMorgan Emerging Markets Growth &ome 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 7.68, based on 902 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. JPMorgan Emerging Markets Growth &ome's current Cyclically Adjusted PS Ratio of 16.08 is 109.4% 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 JPMorgan Emerging Markets Growth &ome and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Emerging Markets Growth &ome's current Cyclically Adjusted PS Ratio is 16.08, which is 18% above median its own 10-year median of 13.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan Emerging Markets Growth &ome stock overvalued right now?
Based on GuruFocus' analysis, JPMorgan Emerging Markets Growth &ome (LSE:JMGI) is currently considered Significantly Undervalued. The stock's GF Value™ is £6.93, compared to a current price of £1.61 — trading 76.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 16.08, which is 18% above median its 10-year median of 13.60 and 109.4% above the Asset Management industry median of 7.68. JPMorgan Emerging Markets Growth &ome's overall GF Score™ is 54/100 with 4 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 JPMorgan Emerging Markets Growth &ome (LSE:JMGI), the current Cyclically Adjusted PS Ratio is 16.08 as of Jul. 18, 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 JPMorgan Emerging Markets Growth &ome (LSE:JMGI) Overvalued in 2026?

Based on GuruFocus' analysis, JPMorgan Emerging Markets Growth &ome stock appears to be undervalued. The current stock price of £1.61 is trading 76.8% below its estimated GF Value™ of £6.93. GuruFocus considers JPMorgan Emerging Markets Growth &ome to be Significantly Undervalued.

Key valuation signals for LSE:JMGI:

  • Cyclically Adjusted PS Ratio: 16.08 (18% above median its 10-year median of 13.60)
  • GF Value™: £6.93 vs. price of £1.61 (76.8% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 109.4% above the Asset Management median (#773 of 902)

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


JPMorgan Emerging Markets Growth &ome Business Description

Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Emerging Markets Growth & Income PLC is an investment trust company. It seeks to maximise total returns by identifying high-quality companies across the market cap spectrum that aims to deliver sustainable long-term growth. The trust offers investors access to a diversified portfolio of both large and small emerging market companies. It invests in various sectors such as Financials, Information Technology, Consumer Staples, Consumer Discretionary, Materials, Health Care, Communication Services, and Utilities. Geographically, its investments are spread across the regions of South Asia, East Asia, Europe, Middle East, Africa, and Latin America.
54GF Score

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

£1.61
Price
£6.93
GF Value