Worldsec (LSE:WSL) Cyclically Adjusted PS Ratio: (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Worldsec Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Worldsec  (LSE:WSL) 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.


Worldsec Cyclically Adjusted PS Ratio Related Terms


Worldsec Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Worldsec'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.

Worldsec Cyclically Adjusted PS Ratio Chart

Worldsec 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 5.91 5.67 3.22 3.10 2.67

Worldsec 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 3.22 0.00 3.10 0.00 2.67

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

For the Asset Management subindustry, Worldsec'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.


Worldsec Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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



Worldsec 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.

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

For example, Worldsec'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)
=0.007/120.7036*120.7036
=0.007

Current CPI (Dec25) = 120.7036.

Worldsec Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.001 103.225 0.001
201712 0.001 104.984 0.001
201812 0.001 107.622 0.001
201912 0.001 110.700 0.001
202012 0.013 109.711 0.014
202112 0.011 112.349 0.012
202212 -0.002 114.548 -0.002
202312 0.006 117.296 0.006
202412 0.005 118.945 0.005
202512 0.007 120.704 0.007

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.


Worldsec Business Description

Address 308 Des Voeux Road Central, Unit 607, 6th Floor, FWD Financial Centre, 308 Central Des Voeux, Sheung Wan, Hong Kong, HKG
Worldsec Ltd is an investment company. The principal activity of the company is investment holding. The firm and its subsidiaries are mainly engaged in investment in unlisted companies in the Greater China and South East Asian Region. The investment objective of the firm is to achieve attractive investment returns through capital appreciation on a medium to long-term horizon. The investment portfolio also consists of undervalued listed companies. The majority operations and the revenue of the Group arise from Hong Kong.