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Credit Suisse High Yield Bond Fund (Credit Suisse High Yield Bond Fund) Cyclically Adjusted PS Ratio : 12.50 (As of Apr. 29, 2024)


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What is Credit Suisse High Yield Bond Fund Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Credit Suisse High Yield Bond Fund's current share price is $2.00. Credit Suisse High Yield Bond Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct23 was $0.16. Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio for today is 12.50.

The historical rank and industry rank for Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio or its related term are showing as below:

DHY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.73   Med: 9.74   Max: 12.75
Current: 12.57

During the past 13 years, Credit Suisse High Yield Bond Fund's highest Cyclically Adjusted PS Ratio was 12.75. The lowest was 5.73. And the median was 9.74.

DHY's Cyclically Adjusted PS Ratio is ranked worse than
75.48% of 881 companies
in the Asset Management industry
Industry Median: 7.38 vs DHY: 12.57

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.

Credit Suisse High Yield Bond Fund's adjusted revenue per share data of for the fiscal year that ended in Oct23 was $0.222. 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 $0.16 for the trailing ten years ended in Oct23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Credit Suisse High Yield Bond Fund Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Credit Suisse High Yield Bond Fund'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.

Credit Suisse High Yield Bond Fund Cyclically Adjusted PS Ratio Chart

Credit Suisse High Yield Bond Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.95 8.82 9.63 9.53 11.27

Credit Suisse High Yield Bond Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 9.63 - 9.53 - 11.27

Competitive Comparison of Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Credit Suisse High Yield Bond Fund'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.


Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio falls into.



Credit Suisse High Yield Bond Fund 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.

Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.00/0.16
=12.50

* 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.

Credit Suisse High Yield Bond Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct23 is calculated as:

For example, Credit Suisse High Yield Bond Fund's adjusted Revenue per Share data for the fiscal year that ended in Oct23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=0.222/129.8097*129.8097
=0.222

Current CPI (Oct23) = 129.8097.

Credit Suisse High Yield Bond Fund Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201410 0.212 100.176 0.275
201510 -0.129 100.346 -0.167
201610 0.283 101.988 0.360
201710 0.453 104.070 0.565
201810 0.022 106.695 0.027
201910 0.202 108.577 0.242
202010 0.052 109.861 0.061
202110 0.352 116.696 0.392
202210 -0.358 125.734 -0.370
202310 0.222 129.810 0.222

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.


Credit Suisse High Yield Bond Fund  (AMEX:DHY) 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.


Credit Suisse High Yield Bond Fund Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Credit Suisse High Yield Bond Fund's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Credit Suisse High Yield Bond Fund (Credit Suisse High Yield Bond Fund) Business Description

Traded in Other Exchanges
N/A
Address
Eleven Madison Avenue, New York, NY, USA, 10010
Credit Suisse High Yield Bond Fund is a non-diversified, closed-end management investment company with the objective to seek high current income and capital appreciation as a secondary objective.
Executives
Laura A Defelice other: Trustee ONE MADISON AVENUE, NEW YORK NY 10010
Thomas J. Flannery officer: Chief Investment Officer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Brandi Sinkovich officer: Chief Compliance Officer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Samantha Kappagoda other: Trustee C/O CREDIT SUISSE ASSET MANAGEMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK NY 10010
Rachael Inez Hoffman officer: Chief Compliance Officer 11 MADISON AVENUE, NEW YORK NY 10010
Antonio Muinos officer: Chief Compliance Officer ELEVEN MADISON AVENUE, 9TH AVENUE, NEW YORK NY 10010
Jason Patrick Gossett officer: Chief Compliance Officer RALEIGH LT BUILDING, MORRISVILLE NC 27560
Omar Tariq officer: CFO & Treasurer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Jeffrey E Garten other: Trustee AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
Mahendra R Gupta officer: Chairman of Audit Committee, other: and Trustee WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899
Csam Americas Holding Corp. other: Affiliate of InvestmentAdviser ONE MADISON AVENUE, NEW YORK NY 10010
Terry Fires Bovarnick director C/O CREDIT SUISSE ASSET MANAGMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK CITY NY 10010
Lawrence Joseph Fox officer: Audit Committee Chairman &, other: Trustee C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
James Cattano director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
Steven N Rappaport director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103

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