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Virtus Investment Partners (Virtus Investment Partners) Cyclically Adjusted PS Ratio : 2.63 (As of Apr. 28, 2024)


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What is Virtus Investment Partners Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Virtus Investment Partners's current share price is $227.58. Virtus Investment Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $86.69. Virtus Investment Partners's Cyclically Adjusted PS Ratio for today is 2.63.

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

VRTS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.29   Med: 2.84   Max: 5.7
Current: 2.63

During the past years, Virtus Investment Partners's highest Cyclically Adjusted PS Ratio was 5.70. The lowest was 1.29. And the median was 2.84.

VRTS's Cyclically Adjusted PS Ratio is ranked better than
75.23% of 876 companies
in the Asset Management industry
Industry Median: 7.44 vs VRTS: 2.63

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.

Virtus Investment Partners's adjusted revenue per share data for the three months ended in Dec. 2023 was $29.214. 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 $86.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Virtus Investment Partners Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Virtus Investment Partners'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.

Virtus Investment Partners Cyclically Adjusted PS Ratio Chart

Virtus Investment Partners 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 2.49 3.98 4.43 2.43 2.79

Virtus Investment Partners 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 2.43 2.34 2.37 2.36 2.79

Competitive Comparison of Virtus Investment Partners's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Virtus Investment Partners'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.


Virtus Investment Partners's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Virtus Investment Partners's Cyclically Adjusted PS Ratio falls into.



Virtus Investment Partners 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.

Virtus Investment Partners's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=227.58/86.69
=2.63

* 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.

Virtus Investment Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Virtus Investment Partners'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)
=29.214/129.4194*129.4194
=29.214

Current CPI (Dec. 2023) = 129.4194.

Virtus Investment Partners Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 11.463 99.695 14.881
201406 12.056 100.560 15.516
201409 12.656 100.428 16.310
201412 12.114 99.070 15.825
201503 11.270 99.621 14.641
201506 10.964 100.684 14.093
201509 10.495 100.392 13.530
201512 9.844 99.792 12.767
201603 9.419 100.470 12.133
201606 9.605 101.688 12.224
201609 10.454 101.861 13.282
201612 12.035 101.863 15.291
201703 11.669 102.862 14.682
201706 13.304 103.349 16.660
201709 14.540 104.136 18.070
201712 17.090 104.011 21.265
201803 15.316 105.290 18.826
201806 15.794 106.317 19.226
201809 17.977 106.507 21.844
201812 15.809 105.998 19.302
201903 15.669 107.251 18.908
201906 16.997 108.070 20.355
201909 17.867 108.329 21.345
201912 18.345 108.420 21.898
202003 19.456 108.902 23.122
202006 16.812 108.767 20.004
202009 19.344 109.815 22.797
202012 21.345 109.897 25.137
202103 26.848 111.754 31.092
202106 30.328 114.631 34.240
202109 31.426 115.734 35.142
202112 33.395 117.630 36.742
202203 32.041 121.301 34.185
202206 29.468 125.017 30.506
202209 28.026 125.227 28.964
202212 26.580 125.222 27.471
202303 26.584 127.348 27.016
202306 28.754 128.729 28.908
202309 29.580 129.860 29.480
202312 29.214 129.419 29.214

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.


Virtus Investment Partners  (NYSE:VRTS) 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.


Virtus Investment Partners Cyclically Adjusted PS Ratio Related Terms

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


Virtus Investment Partners (Virtus Investment Partners) Business Description

Traded in Other Exchanges
N/A
Address
One Financial Plaza, Hartford, CT, USA, 06103
Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.
Executives
W Howard Morris director 1538 STRATHCONA, DETROIT MI 48203
Mardelle W Pena officer: EVP, Human Resources C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Barry M. Mandinach officer: EVP, Head of Distribution 1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Bradley William Patrick Iii officer: EVP, Fund Services C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Stephen T Zarrilli director FIBERLINK COMMUNICATIONS CORP., 794 PENLLYN PIKE, BLUE BELL PA 19422
Richard W Smirl officer: EVP & Chief Operating Officer C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
Francis G Waltman officer: EVP, Product Management C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Mark C Treanor director C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Peter L Bain director LEGG MASON INC, 100 LIGHT ST, BALTIMORE MD 21202
Paul G Greig director III CASCADE PLAZA, AKRON OH 44308
Wendy J Hills officer: EVP, CLO & General Counsel 6300 LAMAR AVENUE, OVERLAND PARK KS 66202
James R Baio director C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Timothy A Holt director C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Melody L Jones director T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Susan S. Fleming director C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103