MMD (NYLI MacKay DefinedTerm Muni Opportunities Fund) Cyclically Adjusted PS Ratio : (As of May. 27, 2025)

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What is NYLI MacKay DefinedTerm Muni Opportunities Fund Cyclically Adjusted PS Ratio?

NYLI MacKay DefinedTerm Muni Opportunities Fund does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation

NYLI MacKay DefinedTerm Muni Opportunities Fund Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NYLI MacKay DefinedTerm Muni Opportunities Fund'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.

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NYLI MacKay DefinedTerm Muni Opportunities Fund Cyclically Adjusted PS Ratio Chart

NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data

Trend

May18

May19

May20

May21

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May23

May24

Cyclically Adjusted PS Ratio

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NYLI MacKay DefinedTerm Muni Opportunities Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of NYLI MacKay DefinedTerm Muni Opportunities Fund's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, NYLI MacKay DefinedTerm Muni Opportunities Fund'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.

NYLI MacKay DefinedTerm Muni Opportunities Fund's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NYLI MacKay DefinedTerm Muni Opportunities Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NYLI MacKay DefinedTerm Muni Opportunities Fund's Cyclically Adjusted PS Ratio falls into.

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NYLI MacKay DefinedTerm Muni Opportunities Fund 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.

NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE:MMD) 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.

NYLI MacKay DefinedTerm Muni Opportunities Fund Cyclically Adjusted PS Ratio Related Terms

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NYLI MacKay DefinedTerm Muni Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE:MMD) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Madison Avenue, New York, NY, USA, 10010

Website

https://www.newyorklifeinvestments.com

NYLI MacKay DefinedTerm Muni Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company predominantly invests in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.

Executives

David Dowden	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
John J Lawlor	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Denlinger	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Naim Abou-jaoude	other: CEO, NY LIFE INVEST MGMENT LLC	200 ALDERSGATE STREET, C/O CANDRIAM, NORTH ENTRANCE, LONDON X0 EC1A4HD
Michael Petty	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alain M Karaoglan	other: Chairman & Interim CEO	230 PARK AVENUE, NEW YORK NY 10169
Kevin M Gleason	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Robert A Dimella	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Scott Sprauer	other: Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Karen Hammond	other: Advisory Board Member	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Yie-hsin Hung	other: Executive Vice President	30 HUDSON STREET, JERSEY CITY NJ 07302
Jeffrey S Phlegar	other: CEO of Subadvisor
Yi-chia Kuo	officer: Chief Compliance Officer	30 HUDSON STREET, JERSEY CITY NJ 07302
Nolan Richard H Jr	director	51 MADISON AVENUE, NEW YORK NY 10010
Kirk C Lehneis	officer: President	51 MADISON AVENUE, NEW YORK NY 10010