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Sprott Physical Silver Trust (TSX:PSLV) Cyclically Adjusted PS Ratio : 18.93 (As of Jun. 03, 2025)


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What is Sprott Physical Silver Trust Cyclically Adjusted PS Ratio?

As of today (2025-06-03), Sprott Physical Silver Trust's current share price is C$15.90. Sprott Physical Silver Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was C$0.84. Sprott Physical Silver Trust's Cyclically Adjusted PS Ratio for today is 18.93.

The historical rank and industry rank for Sprott Physical Silver Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:PSLV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 17.55   Med: 58.03   Max: 283.33
Current: 19.29

During the past years, Sprott Physical Silver Trust's highest Cyclically Adjusted PS Ratio was 283.33. The lowest was 17.55. And the median was 58.03.

TSX:PSLV's Cyclically Adjusted PS Ratio is ranked worse than
88.5% of 861 companies
in the Asset Management industry
Industry Median: 8.22 vs TSX:PSLV: 19.29

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.

Sprott Physical Silver Trust's adjusted revenue per share data for the three months ended in Mar. 2025 was C$2.562. 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$0.84 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sprott Physical Silver Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sprott Physical Silver 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.

* Premium members only.

Sprott Physical Silver Trust Cyclically Adjusted PS Ratio Chart

Sprott Physical Silver Trust 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 - - - 111.23 21.97

Sprott Physical Silver Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 83.59 54.30 22.98 21.97 20.10

Competitive Comparison of Sprott Physical Silver Trust's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Sprott Physical Silver 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.


Sprott Physical Silver Trust's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Sprott Physical Silver Trust's Cyclically Adjusted PS Ratio falls into.


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Sprott Physical Silver 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.

Sprott Physical Silver Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.90/0.84
=18.93

* 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.

Sprott Physical Silver Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Sprott Physical Silver Trust's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.562/129.1809*129.1809
=2.562

Current CPI (Mar. 2025) = 129.1809.

Sprott Physical Silver Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 -0.450 100.500 -0.578
201509 -0.630 100.421 -0.810
201512 -0.358 99.947 -0.463
201603 0.793 101.054 1.014
201606 1.597 102.002 2.023
201609 0.219 101.765 0.278
201612 -1.298 101.449 -1.653
201703 1.181 102.634 1.486
201706 -0.835 103.029 -1.047
201709 0.001 103.345 0.001
201712 0.128 103.345 0.160
201803 -0.284 105.004 -0.349
201806 -0.137 105.557 -0.168
201809 -0.699 105.636 -0.855
201812 0.392 105.399 0.480
201903 -0.194 106.979 -0.234
201906 0.087 107.690 0.104
201909 0.772 107.611 0.927
201912 0.405 107.769 0.485
202003 -2.019 107.927 -2.417
202006 2.033 108.401 2.423
202009 2.132 108.164 2.546
202012 1.447 108.559 1.722
202103 -1.284 110.298 -1.504
202106 0.635 111.720 0.734
202109 -1.808 112.905 -2.069
202112 0.490 113.774 0.556
202203 0.641 117.646 0.704
202206 -2.074 120.806 -2.218
202209 -0.601 120.648 -0.644
202212 2.320 120.964 2.478
202303 0.069 122.702 0.073
202306 -0.636 124.203 -0.661
202309 -0.291 125.230 -0.300
202312 0.749 125.072 0.774
202403 0.538 126.258 0.550
202406 1.975 127.522 2.001
202409 0.949 127.285 0.963
202412 -1.148 127.364 -1.164
202503 2.562 129.181 2.562

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.


Sprott Physical Silver Trust  (TSX:PSLV) 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.


Sprott Physical Silver Trust Cyclically Adjusted PS Ratio Related Terms

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


Sprott Physical Silver Trust Business Description

Traded in Other Exchanges
Address
200 Bay Street, Suite 2600, South Tower, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
Sprott Physical Silver Trust is a closed-end mutual fund trust, created to invest and hold substantially all of its assets in physical silver bullion. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust achieves its objective by investing mainly in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate with regard to short-term changes in silver prices.

Sprott Physical Silver Trust Headlines

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