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Western Asset Investment Gradeome Fund (NYSE:PAI) 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.
Western Asset Investment Gradeome Fund PS Ratio Related Terms
Western Asset Investment Gradeome Fund 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.
Western Asset Investment Gradeome Fund PS Ratio Chart
Western Asset Investment Gradeome Fund Annual Data
For the Asset Management subindustry, Western Asset Investment Gradeome Fund'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.
Western Asset Investment Gradeome Fund PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Investment Gradeome Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where Western Asset Investment Gradeome Fund's PS Ratio falls into.
Western Asset Investment Gradeome Fund 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.
Western Asset Investment Gradeome Fund's Share Price of today is $11.86.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Investment Gradeome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $1.04.
* 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:
Western Asset Investment Gradeome Fund (PAI) has a PS Ratio of 11.36 as of Jul. 24, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Western Asset Investment Gradeome Fund and its competitors. This is near median its historical median of 11.09. Over the past decade, Western Asset Investment Gradeome Fund's PS Ratio has ranged from 5.21 to 332.57. According to the industry distribution chart, Western Asset Investment Gradeome Fund ranks #927 out of 1411 companies in the Asset Management industry, placing it in the top 65.7%.
Is Western Asset Investment Gradeome Fund's PS Ratio too high?
Western Asset Investment Gradeome Fund's current PS Ratio of 11.36 is near median its 10-year median of 11.09. Over the past 10 years, this metric has ranged from a low of 5.21 to a high of 332.57. The Asset Management industry median PS Ratio is 7.15. Western Asset Investment Gradeome Fund's value of 11.36 is 58.9% above this industry median. Based on the distribution chart, Western Asset Investment Gradeome Fund ranks #927 out of 1411 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Investment Gradeome Fund has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Investment Gradeome Fund's PS Ratio compare to MCN and JHI?
According to the Asset Management industry distribution chart, Western Asset Investment Gradeome Fund ranks #927 out of 1411 companies for PS Ratio. This places Western Asset Investment Gradeome Fund in the lower half of its industry. The industry median PS Ratio is 7.15. Western Asset Investment Gradeome Fund's value of 11.36 is 58.9% above this benchmark. Historically, Western Asset Investment Gradeome Fund's own PS Ratio has ranged from 5.21 to 332.57 over the past decade. While the company's 10-year median is 11.09 vs. the industry median of 7.15, Western Asset Investment Gradeome Fund 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 7.15, based on 1,411 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. Western Asset Investment Gradeome Fund's current PS Ratio of 11.36 is 58.9% 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 Western Asset Investment Gradeome Fund and its competitors. For the Asset Management industry, the median PS Ratio is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Investment Gradeome Fund's current PS Ratio is 11.36, which is near median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Investment Gradeome Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Investment Gradeome Fund (PAI) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.49, compared to a current price of $11.86 — trading 28.1% below its estimated fair value. The current PS Ratio is 11.36, which is near median its 10-year median of 11.09 and 58.9% above the Asset Management industry median of 7.15. Western Asset Investment Gradeome Fund's overall GF Score™ is 57/100 with 1 warning sign 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 Western Asset Investment Gradeome Fund (PAI), the current PS Ratio is 11.36 as of Jul. 24, 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 Western Asset Investment Gradeome Fund (PAI) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Investment Gradeome Fund stock appears to be undervalued.
The current stock price of $11.86 is trading 28.1% below its estimated GF Value™ of $16.49.
GuruFocus considers Western Asset Investment Gradeome Fund to be Modestly Undervalued.
Key valuation signals for PAI:
PS Ratio: 11.36 (near median its 10-year median of 11.09)
GF Value™: $16.49 vs. price of $11.86 (28.1% below fair value)
Industry Position: 58.9% above the Asset Management median (#927 of 1411)
No single metric tells the full story. See the PAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Investment Gradeome Fund Business Description
Western Asset Investment Grade Income Fund Inc is a closed-end diversified investment company. Its primary investment objective is to seek a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. To a lesser extent, the fund also invests in privately placed debt securities and in certain equity securities. Capital appreciation is its secondary investment objective. The fund invests a majority of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (NRSROs) or unrated securities of comparable quality at the time of purchase (as determined by the investment adviser).
57GF Score
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