M & G Highome Investment Trust (LSE:MGHC) Cyclically Adjusted PS Ratio: (As of Jul. 27, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is M & G Highome Investment Trust Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


M & G Highome Investment Trust  (LSE:MGHC) 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.


M & G Highome Investment Trust Cyclically Adjusted PS Ratio Related Terms


M & G Highome Investment Trust Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for M & G Highome Investment 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.

M & G Highome Investment Trust Cyclically Adjusted PS Ratio Chart

M & G Highome Investment Trust Annual Data
Trend May07 May08 May09 May10 May11 May12 May13 May14 May15 May16
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

M & G Highome Investment Trust Semi-Annual Data
May07 Nov07 May08 Nov08 May09 Nov09 May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16
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 0.00 0.00 0.00 0.00

LSE:MGHC vs BKCC, TPVG: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, M & G Highome Investment 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.


M & G Highome Investment Trust Cyclically Adjusted PS Ratio vs Asset Management Industry

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

* The bar in red indicates where M & G Highome Investment Trust's Cyclically Adjusted PS Ratio falls into.



M & G Highome Investment 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.

M & G Highome Investment Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in May16 is calculated as:

For example, M & G Highome Investment Trust's adjusted Revenue per Share data for the fiscal year that ended in May16 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May16 (Change)*Current CPI (May16)
=-0.053/100.8000*100.8000
=-0.053

Current CPI (May16) = 100.8000.

M & G Highome Investment Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200705 -0.240 83.300 -0.290
200805 -0.240 86.100 -0.281
200905 -0.008 87.900 -0.009
201005 0.198 90.100 0.222
201105 0.252 93.500 0.272
201205 -0.005 95.900 -0.005
201305 0.381 98.200 0.391
201405 0.203 99.600 0.205
201505 0.166 100.100 0.167
201605 -0.053 100.800 -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.


M & G Highome Investment Trust Business Description

M & G High Income Investment Trust PLC was incorporated in United Kingdom on December 23, 1996. It is a split capital investment trust company with three classes of share: Zero Dividend Preference Shares, Income Shares and Capital Shares. The Company's investment objective is to achieve an above average and increasing income over the 20 year life of the Company and seeking to achieve capital growth.