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First Growth Funds (XCNQ:FGFL) Cyclically Adjusted PS Ratio : (As of Jun. 03, 2025)


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What is First Growth Funds Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Growth Funds Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Growth Funds'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.

First Growth Funds Cyclically Adjusted PS Ratio Chart

First Growth Funds Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.74 1.87 5.72

First Growth Funds 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 1.14 1.81 5.72 53.68 -

Competitive Comparison of First Growth Funds's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, First Growth Funds'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.


First Growth Funds's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where First Growth Funds's Cyclically Adjusted PS Ratio falls into.


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First Growth Funds 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.

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

For example, First Growth Funds'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)
=-0.001/129.4637*129.4637
=-0.001

Current CPI (Dec. 2024) = 129.4637.

First Growth Funds Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200206 0.000 71.140 0.000
200306 0.000 72.997 0.000
200406 0.000 74.855 0.000
200506 0.000 76.712 0.000
200606 0.000 79.777 0.000
200706 0.000 81.449 0.000
200806 0.000 85.071 0.000
200906 0.000 86.278 0.000
201006 0.000 88.971 0.000
201106 0.000 92.129 0.000
201206 0.000 93.244 0.000
201306 0.000 95.473 0.000
201406 0.000 98.352 0.000
201506 0.000 99.838 0.000
201606 0.000 100.859 0.000
201706 0.000 102.809 0.000
201806 0.000 104.945 0.000
201906 0.000 106.617 0.000
201909 0.007 107.174 0.008
201912 0.000 107.917 0.000
202003 0.006 108.289 0.007
202006 0.024 106.246 0.029
202009 -0.002 107.917 -0.002
202012 -0.009 108.846 -0.011
202103 0.020 109.496 0.024
202106 0.025 110.332 0.029
202109 -0.038 111.168 -0.044
202112 0.008 112.654 0.009
202203 -0.008 115.069 -0.009
202206 -0.021 117.112 -0.023
202209 0.000 119.248 0.000
202212 -0.018 121.477 -0.019
202303 0.001 123.148 0.001
202306 0.010 124.170 0.010
202309 0.007 125.656 0.007
202312 0.001 126.399 0.001
202403 -0.006 127.606 -0.006
202406 -0.004 128.906 -0.004
202409 -0.007 129.185 -0.007
202412 -0.001 129.464 -0.001

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.


First Growth Funds  (XCNQ:FGFL) 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.


First Growth Funds Cyclically Adjusted PS Ratio Related Terms

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First Growth Funds Business Description

Traded in Other Exchanges
N/A
Address
311 Hay Street, Subiaco, WA, AUS, 6008
First Growth Funds Ltd is an Australian Stock Exchange-listed investment company. The company manages a portfolio of investments covering small and medium companies listed equities, private equity and pre-IPO investments, convertible notes, loans and cryptocurrency investments, blockchain, equity investment, and other offerings. The company operates in Australia.

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