Invesco Mortgage Capital (LTS:0JD3) Cyclically Adjusted PS Ratio: (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0JD3 Invesco Mortgage Capital Inc LTS:0JD3
39 GF Score
Price $7.87
! 2 Warning Signs
View Full Analysis

What is Invesco Mortgage Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Mortgage Capital  (LTS:0JD3) 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.


Invesco Mortgage Capital Cyclically Adjusted PS Ratio Related Terms


Invesco Mortgage Capital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Invesco Mortgage 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.

Invesco Mortgage Capital Cyclically Adjusted PS Ratio Chart

Invesco Mortgage 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 13.45 0.00 0.00 0.00 0.00

Invesco Mortgage Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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

LTS:0JD3 vs BRSP, ADAM, TRTX: Cyclically Adjusted PS Ratio Comparison

For the REIT - Mortgage subindustry, Invesco Mortgage 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.


Invesco Mortgage Capital Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Invesco Mortgage Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0JD3
39GF Score
Invesco Mortgage Capital Inc LTS:0JD3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Invesco Mortgage 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.

Invesco Mortgage Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Invesco Mortgage Capital's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.183/330.2130*330.2130
=-0.183

Current CPI (Mar. 2026) = 330.2130.

Invesco Mortgage Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.423 241.018 0.580
201609 11.124 241.428 15.215
201612 16.055 241.432 21.959
201703 8.676 243.801 11.751
201706 5.223 244.955 7.041
201709 6.243 246.819 8.352
201712 12.953 246.524 17.350
201803 5.459 249.554 7.223
201806 9.117 251.989 11.947
201809 -3.835 252.439 -5.017
201812 -13.457 251.233 -17.687
201903 12.376 254.202 16.077
201906 2.254 256.143 2.906
201909 7.304 256.759 9.394
201912 9.056 256.974 11.637
202003 -101.901 258.115 -130.365
202006 -16.712 257.797 -21.406
202009 5.388 260.280 6.836
202012 6.879 260.474 8.721
202103 -0.145 264.877 -0.181
202106 -2.588 271.696 -3.145
202109 2.184 274.310 2.629
202112 -1.814 278.802 -2.149
202203 -6.706 287.504 -7.702
202206 -3.093 296.311 -3.447
202209 -2.807 296.808 -3.123
202212 1.137 296.797 1.265
202303 0.670 301.836 0.733
202306 0.221 305.109 0.239
202309 -1.394 307.789 -1.496
202312 0.661 306.746 0.712
202403 0.701 312.332 0.741
202406 -0.168 314.175 -0.177
202409 0.806 315.301 0.844
202412 0.140 315.605 0.146
202503 0.387 319.799 0.400
202506 -0.280 322.561 -0.287
202509 0.857 324.800 0.871
202512 0.789 324.054 0.804
202603 -0.183 330.213 -0.183

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.


Invesco Mortgage Capital Business Description

Industry Real EstateREITs
Address 1331 Spring Street, North West, Suite 2500, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.
39GF Score

Get the complete analysis for LTS:0JD3

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

$7.87
Price