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First Trust Senior Floating Rateome Fund II (NYSE:FCT) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
First Trust Senior Floating Rateome Fund II PS Ratio Related Terms
First Trust Senior Floating Rateome Fund II PS Ratio Historical Data
* 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.
First Trust Senior Floating Rateome Fund II PS Ratio Chart
First Trust Senior Floating Rateome Fund II Annual Data
For the Asset Management subindustry, First Trust Senior Floating Rateome Fund II's PS Ratio, along with its competitors' market caps and 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.
First Trust Senior Floating Rateome Fund II PS Ratio vs Asset Management Industry
First Trust Senior Floating Rateome Fund II PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
First Trust Senior Floating Rateome Fund II's Share Price of today is $9.67.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Trust Senior Floating Rateome Fund II's Revenue per Share for the trailing twelve months (TTM) ended in May. 2026 was $0.47.
* 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.
It can also be calculated from the numbers for the whole company:
First Trust Senior Floating Rateome Fund II (FCT) has a PS Ratio of 20.71 as of Sep. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on First Trust Senior Floating Rateome Fund II and its competitors. This is 22% above median its historical median of 17.02. Over the past decade, First Trust Senior Floating Rateome Fund II's PS Ratio has ranged from 7.42 to 31.48. According to the industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #1146 out of 1399 companies in the Asset Management industry, placing it in the top 81.9%.
Is First Trust Senior Floating Rateome Fund II's PS Ratio too high?
First Trust Senior Floating Rateome Fund II's current PS Ratio of 20.71 is 22% above median its 10-year median of 17.02. Over the past 10 years, this metric has ranged from a low of 7.42 to a high of 31.48. The Asset Management industry median PS Ratio is 7.16. First Trust Senior Floating Rateome Fund II's value of 20.71 is 189.2% above this industry median. Based on the distribution chart, First Trust Senior Floating Rateome Fund II ranks #1146 out of 1399 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, First Trust Senior Floating Rateome Fund II has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Trust Senior Floating Rateome Fund II's PS Ratio compare to NUW and JRS?
According to the Asset Management industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #1146 out of 1399 companies for PS Ratio. This places First Trust Senior Floating Rateome Fund II in the lower half of its industry. The industry median PS Ratio is 7.16. First Trust Senior Floating Rateome Fund II's value of 20.71 is 189.2% above this benchmark. Historically, First Trust Senior Floating Rateome Fund II's own PS Ratio has ranged from 7.42 to 31.48 over the past decade. While the company's 10-year median is 17.02 vs. the industry median of 7.16, First Trust Senior Floating Rateome Fund II has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.16, based on 1,399 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Trust Senior Floating Rateome Fund II's current PS Ratio of 20.71 is 189.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on First Trust Senior Floating Rateome Fund II and its competitors. For the Asset Management industry, the median PS Ratio is 7.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Trust Senior Floating Rateome Fund II's current PS Ratio is 20.71, which is 22% above median its own 10-year median of 17.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Senior Floating Rateome Fund II stock overvalued right now?
Based on GuruFocus' analysis, First Trust Senior Floating Rateome Fund II (FCT) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.44, compared to a current price of $9.67 — trading 77.8% above its estimated fair value. The current PS Ratio is 20.71, which is 22% above median its 10-year median of 17.02 and 189.2% above the Asset Management industry median of 7.16. First Trust Senior Floating Rateome Fund II's overall GF Score™ is 38/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For First Trust Senior Floating Rateome Fund II (FCT), the current PS Ratio is 20.71 as of Sep. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Trust Senior Floating Rateome Fund II (FCT) Overvalued in 2026?
Based on GuruFocus' analysis, First Trust Senior Floating Rateome Fund II stock appears to be overvalued.
The current stock price of $9.67 is trading 77.8% above its estimated GF Value™ of $5.44.
GuruFocus considers First Trust Senior Floating Rateome Fund II to be Significantly Overvalued.
Key valuation signals for FCT:
PS Ratio: 20.71 (22% above median its 10-year median of 17.02)
GF Value™: $5.44 vs. price of $9.67 (77.8% above fair value)
Industry Position: 189.2% above the Asset Management median (#1146 of 1399)
No single metric tells the full story. See the FCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Trust Senior Floating Rate Income Fund II is a United States-based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, it attempts to preserve capital. The fund invests in a portfolio of senior secured floating-rate corporate loans (Senior Loans) of companies from different industries, such as Insurance, Software, Health Care Providers and Services, Professional Services, Health Care Technology, IT Services, and others.
38GF Score
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