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CI Financial (TSX:CIX) Cyclically Adjusted PS Ratio : 2.36 (As of Apr. 29, 2025)


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What is CI Financial Cyclically Adjusted PS Ratio?

As of today (2025-04-29), CI Financial's current share price is C$31.25. CI Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was C$13.25. CI Financial's Cyclically Adjusted PS Ratio for today is 2.36.

The historical rank and industry rank for CI Financial's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:CIX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.75   Max: 6.41
Current: 2.36

During the past years, CI Financial's highest Cyclically Adjusted PS Ratio was 6.41. The lowest was 1.12. And the median was 2.75.

TSX:CIX's Cyclically Adjusted PS Ratio is ranked better than
79% of 862 companies
in the Asset Management industry
Industry Median: 7.785 vs TSX:CIX: 2.36

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.

CI Financial's adjusted revenue per share data for the three months ended in Dec. 2024 was C$6.448. 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 C$13.25 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CI Financial'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.

* Premium members only.

CI Financial Cyclically Adjusted PS Ratio Chart

CI Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 3.01 1.32 1.27 2.34

CI Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.27 1.43 1.16 1.44 2.34

Competitive Comparison of CI Financial's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, CI Financial'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.


CI Financial's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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


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CI Financial 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.

CI Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.25/13.25
=2.36

* 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.

CI Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, CI Financial's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=6.448/127.3637*127.3637
=6.448

Current CPI (Dec. 2024) = 127.3637.

CI Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 1.773 99.789 2.263
201506 1.791 100.500 2.270
201509 1.793 100.421 2.274
201512 1.786 99.947 2.276
201603 1.709 101.054 2.154
201606 1.744 102.002 2.178
201609 1.834 101.765 2.295
201612 1.900 101.449 2.385
201703 1.900 102.634 2.358
201706 1.952 103.029 2.413
201709 1.955 103.345 2.409
201712 2.166 103.345 2.669
201803 2.124 105.004 2.576
201806 2.135 105.557 2.576
201809 2.213 105.636 2.668
201812 2.142 105.399 2.588
201903 2.171 106.979 2.585
201906 2.220 107.690 2.626
201909 2.266 107.611 2.682
201912 2.373 107.769 2.804
202003 2.259 107.927 2.666
202006 2.185 108.401 2.567
202009 2.480 108.164 2.920
202012 2.694 108.559 3.161
202103 2.943 110.298 3.398
202106 3.165 111.720 3.608
202109 3.523 112.905 3.974
202112 3.801 113.774 4.255
202203 3.869 117.646 4.189
202206 3.777 120.806 3.982
202209 3.792 120.648 4.003
202212 3.952 120.964 4.161
202303 4.066 122.702 4.220
202306 4.090 124.203 4.194
202309 4.903 125.230 4.987
202312 4.879 125.072 4.968
202403 5.258 126.258 5.304
202406 4.410 127.522 4.405
202409 6.025 127.285 6.029
202412 6.448 127.364 6.448

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.


CI Financial  (TSX:CIX) 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.


CI Financial Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of CI Financial's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.
Executives
Brigette Elizabeth Chang Director
Paul Perrow Director
William Thomas Holland Director
Yvette Zhang Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Hoi Sha Elsa Li Director or Senior Officer of 10% Security Holder
Jennifer Francine Sinopoli Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Manisha Burman Senior Officer
Darie Urbanky Senior Officer
Amarjit Kaur Anderson Senior Officer
Julie Lynn Silcox Senior Officer
Kurt Macalpine Director, Senior Officer
Christopher James Enright Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Sean Andrew Etherington Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marc-andre Lewis Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Amit Muni Senior Officer