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MFF Capital Investments (ASX:MFF) Cyclically Adjusted PS Ratio : 8.80 (As of May. 16, 2024)


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What is MFF Capital Investments Cyclically Adjusted PS Ratio?

As of today (2024-05-16), MFF Capital Investments's current share price is A$3.52. MFF Capital Investments's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was A$0.40. MFF Capital Investments's Cyclically Adjusted PS Ratio for today is 8.80.

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

ASX:MFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.46   Med: 8.45   Max: 16.88
Current: 8.7

During the past 13 years, MFF Capital Investments's highest Cyclically Adjusted PS Ratio was 16.88. The lowest was 5.46. And the median was 8.45.

ASX:MFF's Cyclically Adjusted PS Ratio is ranked worse than
54.91% of 876 companies
in the Asset Management industry
Industry Median: 7.4 vs ASX:MFF: 8.70

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.

MFF Capital Investments's adjusted revenue per share data of for the fiscal year that ended in Jun23 was A$0.795. 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 A$0.40 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


MFF Capital Investments Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MFF Capital Investments'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.

MFF Capital Investments Cyclically Adjusted PS Ratio Chart

MFF Capital Investments Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.71 8.40 7.40 6.38 6.60

MFF Capital Investments Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 6.38 - 6.60 -

Competitive Comparison of MFF Capital Investments's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, MFF Capital Investments'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.


MFF Capital Investments's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where MFF Capital Investments's Cyclically Adjusted PS Ratio falls into.



MFF Capital Investments 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.

MFF Capital Investments's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.52/0.4
=8.80

* 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.

MFF Capital Investments's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, MFF Capital Investments's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.795/124.1700*124.1700
=0.795

Current CPI (Jun23) = 124.1700.

MFF Capital Investments Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.179 98.352 0.226
201506 0.639 99.838 0.795
201606 -0.027 100.859 -0.033
201706 0.454 102.809 0.548
201806 0.644 104.945 0.762
201906 0.580 106.617 0.675
202006 0.070 106.246 0.082
202106 0.557 110.332 0.627
202206 -0.419 117.112 -0.444
202306 0.795 124.170 0.795

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.


MFF Capital Investments  (ASX:MFF) 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.


MFF Capital Investments Cyclically Adjusted PS Ratio Related Terms

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


MFF Capital Investments (ASX:MFF) Business Description

Traded in Other Exchanges
N/A
Address
25 Martin Place, Level 36, Sydney, NSW, AUS, 2000
MFF Capital Investments Ltd is an asset management company. The company invests in a minimum of twenty exchange-listed international and Australian companies. The company's investments are managed on a single portfolio basis, and in one business segment being equity investment, and in one geographic segment, Australia. The investment objective of the firm is to maximize compound risk-adjusted after-tax returns for shareholders by identifying and investing in a minimum of 20 stock exchange listed international and Australian companies with a focus upon those assessed to have attractive business characteristics, at a discount to their assessed intrinsic values.

MFF Capital Investments (ASX:MFF) Headlines

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