GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sprott Physical Gold Trust (TSX:PHYS.U) » Definitions » Cyclically Adjusted PS Ratio

Sprott Physical Gold Trust (TSX:PHYS.U) Cyclically Adjusted PS Ratio : 25.86 (As of Apr. 29, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Sprott Physical Gold Trust Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Sprott Physical Gold Trust's current share price is $18.10. Sprott Physical Gold Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $0.70. Sprott Physical Gold Trust's Cyclically Adjusted PS Ratio for today is 25.86.

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

TSX:PHYS.U' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 22.16   Med: 54.35   Max: 1550
Current: 25.98

During the past years, Sprott Physical Gold Trust's highest Cyclically Adjusted PS Ratio was 1550.00. The lowest was 22.16. And the median was 54.35.

TSX:PHYS.U's Cyclically Adjusted PS Ratio is ranked worse than
93.64% of 881 companies
in the Asset Management industry
Industry Median: 7.38 vs TSX:PHYS.U: 25.98

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 Gold Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.679. 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 $0.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sprott Physical Gold Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sprott Physical Gold 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 Gold Trust Cyclically Adjusted PS Ratio Chart

Sprott Physical Gold Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.16 53.34 144.57 2,619.69 22.90

Sprott Physical Gold Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2,619.69 76.80 27.17 36.26 22.90

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

For the Asset Management subindustry, Sprott Physical Gold 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 Gold Trust's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.10/0.7
=25.86

* 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 Gold Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sprott Physical Gold Trust's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.679/125.4675*125.4675
=1.679

Current CPI (Dec. 2023) = 125.4675.

Sprott Physical Gold Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.644 98.604 0.819
201406 0.349 99.473 0.440
201409 -0.995 99.394 -1.256
201412 -0.212 98.367 -0.270
201503 -0.014 99.789 -0.018
201506 -0.100 100.500 -0.125
201509 -0.486 100.421 -0.607
201512 -0.450 99.947 -0.565
201603 1.441 101.054 1.789
201606 0.729 102.002 0.897
201609 -0.063 101.765 -0.078
201612 -1.342 101.449 -1.660
201703 0.791 102.634 0.967
201706 -0.073 103.029 -0.089
201709 0.309 103.345 0.375
201712 0.177 103.345 0.215
201803 0.171 105.004 0.204
201806 -0.598 105.557 -0.711
201809 -0.504 105.636 -0.599
201812 0.721 105.399 0.858
201903 0.070 106.979 0.082
201906 0.941 107.690 1.096
201909 0.488 107.611 0.569
201912 0.351 107.769 0.409
202003 0.410 107.927 0.477
202006 1.526 108.401 1.766
202009 0.772 108.164 0.895
202012 0.077 108.559 0.089
202103 -1.537 110.298 -1.748
202106 0.464 111.720 0.521
202109 -0.121 112.905 -0.134
202112 0.558 113.774 0.615
202203 0.820 117.646 0.875
202206 -1.052 120.806 -1.093
202209 -1.176 120.648 -1.223
202212 1.284 120.964 1.332
202303 1.134 122.702 1.160
202306 -0.414 124.203 -0.418
202309 -0.569 125.230 -0.570
202312 1.679 125.468 1.679

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 Gold Trust  (TSX:PHYS.U) 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 Gold Trust Cyclically Adjusted PS Ratio Related Terms

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


Sprott Physical Gold Trust (TSX:PHYS.U) Business Description

Traded in Other Exchanges
Address
200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, ON, CAN, M5J 2J1
Sprott Physical Gold Trust is a closed-end mutual fund trust. It provides a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. It invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices.

Sprott Physical Gold Trust (TSX:PHYS.U) Headlines

No Headlines