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AGF Management (TSX:AGF.B) Cyclically Adjusted PS Ratio : 1.27 (As of Apr. 28, 2024)


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What is AGF Management Cyclically Adjusted PS Ratio?

As of today (2024-04-28), AGF Management's current share price is C$8.07. AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was C$6.34. AGF Management's Cyclically Adjusted PS Ratio for today is 1.27.

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

TSX:AGF.B' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.09   Max: 1.93
Current: 1.27

During the past years, AGF Management's highest Cyclically Adjusted PS Ratio was 1.93. The lowest was 0.45. And the median was 1.09.

TSX:AGF.B's Cyclically Adjusted PS Ratio is ranked better than
85.73% of 876 companies
in the Asset Management industry
Industry Median: 7.44 vs TSX:AGF.B: 1.27

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.

AGF Management's adjusted revenue per share data for the three months ended in Feb. 2024 was C$1.706. 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$6.34 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGF Management Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AGF Management'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.

AGF Management Cyclically Adjusted PS Ratio Chart

AGF Management Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.99 1.34 1.10 1.15

AGF Management Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.53 1.12 1.25 1.15 1.28

Competitive Comparison of AGF Management's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, AGF Management'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.


AGF Management's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where AGF Management's Cyclically Adjusted PS Ratio falls into.



AGF Management 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.

AGF Management's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.07/6.34
=1.27

* 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.

AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, AGF Management's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.706/125.4675*125.4675
=1.706

Current CPI (Feb. 2024) = 125.4675.

AGF Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 1.312 99.394 1.656
201408 1.298 99.315 1.640
201411 1.198 99.078 1.517
201502 1.230 99.078 1.558
201505 1.289 100.263 1.613
201508 1.283 100.579 1.600
201511 1.222 100.421 1.527
201602 1.225 100.421 1.531
201605 1.291 101.765 1.592
201608 1.300 101.686 1.604
201611 1.251 101.607 1.545
201702 1.256 102.476 1.538
201705 1.320 103.108 1.606
201708 1.289 103.108 1.569
201711 1.268 103.740 1.534
201802 1.298 104.688 1.556
201805 1.317 105.399 1.568
201808 1.314 106.031 1.555
201811 1.251 105.478 1.488
201902 1.160 106.268 1.370
201905 1.267 107.927 1.473
201908 1.218 108.085 1.414
201911 1.301 107.769 1.515
202002 1.235 108.559 1.427
202005 1.123 107.532 1.310
202008 1.238 108.243 1.435
202011 1.316 108.796 1.518
202102 1.469 109.745 1.679
202105 1.534 111.404 1.728
202108 1.588 112.668 1.768
202111 1.666 113.932 1.835
202202 1.617 115.986 1.749
202205 1.627 120.016 1.701
202208 1.560 120.569 1.623
202211 1.588 121.675 1.637
202302 1.659 122.070 1.705
202305 1.710 124.045 1.730
202308 1.672 125.389 1.673
202311 1.608 125.468 1.608
202402 1.706 125.468 1.706

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.


AGF Management  (TSX:AGF.B) 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.


AGF Management Cyclically Adjusted PS Ratio Related Terms

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


AGF Management (TSX:AGF.B) Business Description

Traded in Other Exchanges
Address
81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

AGF Management (TSX:AGF.B) Headlines

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