LMS Capital (LSE:LMS) Cyclically Adjusted PS Ratio: (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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LSE:LMS LMS Capital PLC LSE:LMS
38 GF Score
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What is LMS Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LMS Capital  (LSE:LMS) 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.


LMS Capital Cyclically Adjusted PS Ratio Related Terms


LMS Capital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LMS Capital'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.

LMS Capital Cyclically Adjusted PS Ratio Chart

LMS Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.63 27.17 248.01 0.00 0.00

LMS Capital 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 248.01 0.00 0.00 0.00 0.00

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

For the Asset Management subindustry, LMS Capital'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.


LMS Capital Cyclically Adjusted PS Ratio vs Asset Management Industry

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

* The bar in red indicates where LMS Capital's Cyclically Adjusted PS Ratio falls into.


LSE:LMS
38GF Score
LMS Capital PLC LSE:LMS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LMS Capital 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.

LMS Capital's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, LMS Capital's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.049/139.9000*139.9000
=-0.049

Current CPI (Dec25) = 139.9000.

LMS Capital Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 -0.156 102.200 -0.214
201712 0.100 105.000 0.133
201812 -0.038 107.100 -0.050
201912 -0.030 108.500 -0.039
202012 -0.021 109.400 -0.027
202112 0.046 114.700 0.056
202212 0.001 125.300 0.001
202312 -0.019 130.500 -0.020
202412 -0.043 135.100 -0.045
202512 -0.049 139.900 -0.049

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.


LMS Capital Business Description

Address 3 Bromley Place, London, GBR, W1T 6DB
LMS Capital PLC is a United Kingdom-based investment company that provides funding to small to medium-sized public and private businesses. Its investment objective is to conduct an orderly realisation of its assets in a manner that seeks to optimise the value of the company's investments whilst progressively returning cash to shareholders. The company focuses on established, profitable, and cash-generative companies. Its investment portfolio includes legacy private equity assets, which are relatively liquid, as well as investments in Dacian and Retirement Living, which are less liquid.
38GF 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.

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