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Royce Micro-Cap TrustRMT +0.14%52 Cyclically Adjusted PS Ratio is 22.83 as of Aug. 16, 2026, which is 10% above its 10-year median of 20.72. GuruFocus rates RMT with a GF Scoreâ„¢ of 52/100 and a GF Valueâ„¢ of $10.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 923 Asset Management companies, Royce Micro-Cap Trust ranks worse than 90.68% on this metric.
The historical rank and industry rank for Royce Micro-Cap Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:
RMT'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 16.47 Med: 20.72 Max: 22.83
Current: 22.81
During the past 10 years, Royce Micro-Cap Trust's highest Cyclically Adjusted PS Ratio was 22.83. The lowest was 16.47. And the median was 20.72.
RMT's Cyclically Adjusted PS Ratio is ranked worse than 90.68% of 923
companies
in the Asset Management industry
Industry Median: 7.99
vs RMT: 22.81
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Royce Micro-Cap Trust's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $1.678. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $0.64 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Royce Micro-Cap Trust (NYSE:RMT) 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.
Royce Micro-Cap Trust Cyclically Adjusted PS Ratio Related Terms
Royce Micro-Cap Trust Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Royce Micro-Cap 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.
Royce Micro-Cap Trust Cyclically Adjusted PS Ratio Chart
RMT vs GCMG, FDUS, BUI: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Royce Micro-Cap 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.
Royce Micro-Cap Trust Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's Cyclically Adjusted PS Ratio falls into.
Royce Micro-Cap 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.
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 22.83 mean?
Royce Micro-Cap Trust (RMT) has a Cyclically Adjusted PS Ratio of 22.83 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Royce Micro-Cap Trust and its competitors. This is 10% above median its historical median of 20.72. Over the past decade, Royce Micro-Cap Trust's Cyclically Adjusted PS Ratio has ranged from 16.47 to 22.83. According to the industry distribution chart, Royce Micro-Cap Trust ranks #837 out of 923 companies in the Asset Management industry, placing it in the top 90.7%.
Is Royce Micro-Cap Trust's Cyclically Adjusted PS Ratio too high?
Royce Micro-Cap Trust's current Cyclically Adjusted PS Ratio of 22.83 is 10% above median its 10-year median of 20.72. Over the past 10 years, this metric has ranged from a low of 16.47 to a high of 22.83. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.99. Royce Micro-Cap Trust's value of 22.83 is 185.7% above this industry median. Based on the distribution chart, Royce Micro-Cap Trust ranks #837 out of 923 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Royce Micro-Cap Trust has a GF Scoreâ„¢ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Micro-Cap Trust's Cyclically Adjusted PS Ratio compare to GCMG and FDUS?
According to the Asset Management industry distribution chart, Royce Micro-Cap Trust ranks #837 out of 923 companies for Cyclically Adjusted PS Ratio. This places Royce Micro-Cap Trust in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.99. Royce Micro-Cap Trust's value of 22.83 is 185.7% above this benchmark. Historically, Royce Micro-Cap Trust's own Cyclically Adjusted PS Ratio has ranged from 16.47 to 22.83 over the past decade. While the company's 10-year median is 20.72 vs. the industry median of 7.99, Royce Micro-Cap Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.99, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Micro-Cap Trust's current Cyclically Adjusted PS Ratio of 22.83 is 185.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Royce Micro-Cap Trust and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Micro-Cap Trust's current Cyclically Adjusted PS Ratio is 22.83, which is 10% above median its own 10-year median of 20.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Micro-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Micro-Cap Trust (RMT) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.44, compared to a current price of $14.61 — trading 39.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 22.83, which is 10% above median its 10-year median of 20.72 and 185.7% above the Asset Management industry median of 7.99. Royce Micro-Cap Trust's overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current Cyclically Adjusted PS Ratio is 22.83 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royce Micro-Cap Trust (RMT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Micro-Cap Trust stock appears to be overvalued.
The current stock price of $14.61 is trading 39.9% above its estimated GF Value™ of $10.44.
GuruFocus considers Royce Micro-Cap Trust to be Significantly Overvalued.
Key valuation signals for RMT:
Cyclically Adjusted PS Ratio: 22.83 (10% above median its 10-year median of 20.72)
GF Value™: $10.44 vs. price of $14.61 (39.9% above fair value)
Industry Position: 185.7% above the Asset Management median (#837 of 923)
No single metric tells the full story. See the RMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector, including diversified consumer services, hotels, household durables, leisure products, and luxury goods. Consumer staples sector, including beverages, food, and staples retailing, food products, and personal products, Energy sector, including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors, including healthcare, financials, industrials, IT, telecommunications, and materials.
52GF Score
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