PAI (Western Asset Investment Gradeome Fund) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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PAI Western Asset Investment Grade Income Fund Inc PAI
57 GF Score
Price $11.90
GF Value $16.49
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Western Asset Investment Gradeome Fund Cyclically Adjusted PS Ratio?

Western Asset Investment Gradeome 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


Western Asset Investment Gradeome Fund  (NYSE:PAI) 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.


Western Asset Investment Gradeome Fund Cyclically Adjusted PS Ratio Related Terms


Western Asset Investment Gradeome Fund Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Western Asset Investment Gradeome 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.

Western Asset Investment Gradeome Fund Cyclically Adjusted PS Ratio Chart

Western Asset Investment Gradeome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

Western Asset Investment Gradeome Fund Semi-Annual Data
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 0.00 0.00 0.00 0.00 0.00

PAI vs MCN, JHI, NIM: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Western Asset Investment Gradeome 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.


Western Asset Investment Gradeome Fund Cyclically Adjusted PS Ratio vs Asset Management Industry

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

* The bar in red indicates where Western Asset Investment Gradeome Fund's Cyclically Adjusted PS Ratio falls into.


PAI
57GF Score
Western Asset Investment Grade Income Fund Inc PAI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Asset Investment Gradeome 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.

Western Asset Investment Gradeome 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.

Is Western Asset Investment Gradeome Fund (PAI) Overvalued in 2026?

Based on GuruFocus' analysis, Western Asset Investment Gradeome Fund stock appears to be undervalued. The current stock price of $11.90 is trading 27.9% below its estimated GF Value™ of $16.49. GuruFocus considers Western Asset Investment Gradeome Fund to be Modestly Undervalued.

Key valuation signals for PAI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $16.49 vs. price of $11.90 (27.9% below fair value)
  • GF Score™: 57/100 with 1 warning sign

No single metric tells the full story. See the PAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Asset Investment Gradeome Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Investment Grade Income Fund Inc is a closed-end diversified investment company. Its primary investment objective is to seek a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. To a lesser extent, the fund also invests in privately placed debt securities and in certain equity securities. Capital appreciation is its secondary investment objective. The fund invests a majority of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (NRSROs) or unrated securities of comparable quality at the time of purchase (as determined by the investment adviser).
57GF Score

Get the complete analysis for PAI

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

$11.90
Price
$16.49
GF Value