North American Financial 15 Split (TSX:FFN) Cyclically Adjusted PS Ratio : 3.93 (As of Jun. 02, 2025)

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What is North American Financial 15 Split Cyclically Adjusted PS Ratio?

As of today (2025-06-02), North American Financial 15 Split's current share price is C$6.64. North American Financial 15 Split's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov24 was C$1.69. North American Financial 15 Split's Cyclically Adjusted PS Ratio for today is 3.93.

The historical rank and industry rank for North American Financial 15 Split's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:FFN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.26 Med: 3.91 Max: 5.99
Current: 3.92

During the past 13 years, North American Financial 15 Split's highest Cyclically Adjusted PS Ratio was 5.99. The lowest was 1.26. And the median was 3.91.

TSX:FFN's Cyclically Adjusted PS Ratio is ranked better than
70.62% of 861 companies
in the Asset Management industry
Industry Median: 8.22 vs TSX:FFN: 3.92

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.

North American Financial 15 Split's adjusted revenue per share data of for the fiscal year that ended in Nov24 was C$6.687. 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$1.69 for the trailing ten years ended in Nov24.

Shiller PE for Stocks: The True Measure of Stock Valuation

North American Financial 15 Split Cyclically Adjusted PS Ratio Historical Data

The historical data trend for North American Financial 15 Split'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.

North American Financial 15 Split Cyclically Adjusted PS Ratio Chart

North American Financial 15 Split Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Cyclically Adjusted PS Ratio

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2.43

3.52

2.93

2.35

4.44

North American Financial 15 Split Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	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															2.93	-	2.35	-	4.44

Competitive Comparison of North American Financial 15 Split's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, North American Financial 15 Split'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.

North American Financial 15 Split's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where North American Financial 15 Split's Cyclically Adjusted PS Ratio falls into.

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North American Financial 15 Split 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.

North American Financial 15 Split's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	6.64	/	1.69
	=	3.93

North American Financial 15 Split's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov24 is calculated as:

For example, North American Financial 15 Split's adjusted Revenue per Share data for the fiscal year that ended in Nov24 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Nov24 (Change)	*	Current CPI (Nov24)
	=	6.687	/	127.8378	*	127.8378
	=	6.687

Current CPI (Nov24) = 127.8378.

North American Financial 15 Split Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201511	1.249	100.421	1.590
201611	2.496	101.607	3.140
201711	2.649	103.740	3.264
201811	-0.753	105.478	-0.913
201911	2.078	107.769	2.465
202011	-2.303	108.796	-2.706
202111	3.494	113.932	3.920
202211	-0.077	121.675	-0.081
202311	-0.439	125.468	-0.447
202411	6.687	127.838	6.687

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.

North American Financial 15 Split (TSX:FFN) 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.

North American Financial 15 Split Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of North American Financial 15 Split's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

North American Financial 15 Split Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Financial 15 Split Corp (TSX:FFN) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

FNCSF:USA FFN.PR.A.PFD:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

North American Financial 15 Split Corp is a mutual fund corporation. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

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