Dividend Select 15 (TSX:DS) Cyclically Adjusted PS Ratio: 11.56 (As of Jul. 16, 2026) — Near Median

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TSX:DS Dividend Select 15 Corp TSX:DS
36 GF Score
Price C$8.32
! 6 Warning Signs
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What is Dividend Select 15 Cyclically Adjusted PS Ratio?

Dividend Select 15 TSX:DS +1.09% 36 Cyclically Adjusted PS Ratio is 11.56 as of Jul. 16, 2026, which is 2% above its 10-year median of 11.32. GuruFocus rates TSX:DS with a GF Score™ of 36/100. The stock has 6 warning signs investors should review. Among 902 Asset Management companies, Dividend Select 15 ranks worse than 67.29% on this metric.

As of today (2026-07-16), Dividend Select 15's current share price is C$8.32. Dividend Select 15's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 was C$0.72. Dividend Select 15's Cyclically Adjusted PS Ratio for today is 11.56.

The historical rank and industry rank for Dividend Select 15's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:DS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.3   Med: 11.32   Max: 13.18
Current: 11.26

During the past 13 years, Dividend Select 15's highest Cyclically Adjusted PS Ratio was 13.18. The lowest was 8.30. And the median was 11.32.

TSX:DS's Cyclically Adjusted PS Ratio is ranked worse than
67.29% of 902 companies
in the Asset Management industry
Industry Median: 7.66 vs TSX:DS: 11.26

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.

Dividend Select 15's adjusted revenue per share data of for the fiscal year that ended in Nov25 was C$1.063. 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$0.72 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dividend Select 15  (TSX:DS) 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.


Dividend Select 15 Cyclically Adjusted PS Ratio Related Terms


Dividend Select 15 Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dividend Select 15'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.

Dividend Select 15 Cyclically Adjusted PS Ratio Chart

Dividend Select 15 Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.76 11.17 11.41 12.62 9.16

Dividend Select 15 Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 11.41 0.00 12.62 0.00 9.16

TSX:DS vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Dividend Select 15'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.


Dividend Select 15 Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Dividend Select 15's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dividend Select 15's Cyclically Adjusted PS Ratio falls into.


TSX:DS
36GF Score
Dividend Select 15 Corp TSX:DS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dividend Select 15 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.

Dividend Select 15's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.32/0.72
=11.56

* 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.

Dividend Select 15's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 is calculated as:

For example, Dividend Select 15's adjusted Revenue per Share data for the fiscal year that ended in Nov25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=1.063/130.6821*130.6821
=1.063

Current CPI (Nov25) = 130.6821.

Dividend Select 15 Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201611 1.063 101.607 1.367
201711 0.772 103.740 0.972
201811 -0.276 105.478 -0.342
201911 1.007 107.769 1.221
202011 -0.647 108.796 -0.777
202111 1.918 113.932 2.200
202211 0.139 121.675 0.149
202311 -0.106 125.468 -0.110
202411 1.462 127.838 1.495
202511 1.063 130.682 1.063

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.

What does a Cyclically Adjusted PS Ratio of 11.56 mean?
Dividend Select 15 (TSX:DS) has a Cyclically Adjusted PS Ratio of 11.56 as of Jul. 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 Dividend Select 15 and its competitors. This is near median its historical median of 11.32. Over the past decade, Dividend Select 15's Cyclically Adjusted PS Ratio has ranged from 8.30 to 13.18. According to the industry distribution chart, Dividend Select 15 ranks #607 out of 902 companies in the Asset Management industry, placing it in the top 67.3%.
Is Dividend Select 15's Cyclically Adjusted PS Ratio too high?
Dividend Select 15's current Cyclically Adjusted PS Ratio of 11.56 is near median its 10-year median of 11.32. Over the past 10 years, this metric has ranged from a low of 8.30 to a high of 13.18. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.66. Dividend Select 15's value of 11.56 is 50.9% above this industry median. Based on the distribution chart, Dividend Select 15 ranks #607 out of 902 companies in the Asset Management industry, which is below the industry midpoint. Overall, Dividend Select 15 has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Dividend Select 15's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend Select 15 ranks #607 out of 902 companies for Cyclically Adjusted PS Ratio. This places Dividend Select 15 in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.66. Dividend Select 15's value of 11.56 is 50.9% above this benchmark. Historically, Dividend Select 15's own Cyclically Adjusted PS Ratio has ranged from 8.30 to 13.18 over the past decade. While the company's 10-year median is 11.32 vs. the industry median of 7.66, Dividend Select 15 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 7.66, based on 902 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. Dividend Select 15's current Cyclically Adjusted PS Ratio of 11.56 is 50.9% 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 Dividend Select 15 and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dividend Select 15's current Cyclically Adjusted PS Ratio is 11.56, which is near median its own 10-year median of 11.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend Select 15 stock overvalued right now?
Dividend Select 15 (TSX:DS) has a current Cyclically Adjusted PS Ratio of 11.56. The current Cyclically Adjusted PS Ratio is 11.56, which is near median its 10-year median of 11.32 and 50.9% above the Asset Management industry median of 7.66. Dividend Select 15's overall GF Score™ is 36/100 with 6 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 Dividend Select 15 (TSX:DS), the current Cyclically Adjusted PS Ratio is 11.56 as of Jul. 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.

Dividend Select 15 Business Description

Address 200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2
Dividend Select 15 Corp is a mutual fund corporation based in Canada. Its investment objective is to provide equity shareholders with monthly cash distributions, currently targeted to be at a rate of 10 percent annualized based on the volume-weighted average market price of the Equity shares for the last three trading days of the preceding month; and the opportunity for capital appreciation. The company invests in an actively managed portfolio of common shares of fifteen core large-capitalization, Canadian companies selected from a portfolio universe of over twenty companies. It employs an active covered call writing program to enhance the income earned from the portfolio.
36GF Score

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

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