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Western Assetorate Loan Fund PS Ratio

: 31.01 (As of Today)
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As of today, Western Assetorate Loan Fund's share price is $9.24. Western Assetorate Loan Fund's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2020 was $0.30. Hence, Western Assetorate Loan Fund's P/S Ratio for today is 31.01.

Warning Sign:

Western Asset Corporate Loan Fund Inc stock PS Ratio (=31.01) is close to 5-year high of 34.43

During the past 3 years, Western Assetorate Loan Fund's highest P/S Ratio was 34.43. The lowest was 14.15. And the median was 16.81.

Western Assetorate Loan Fund's Revenue per Sharefor the six months ended in Mar. 2020 was $-2.09. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2020 was $0.30.

Warning Sign:

Western Asset Corporate Loan Fund Inc revenue per share is in decline over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Western Assetorate Loan Fund was -47.70% per year.

Back to Basics: P/S Ratio


Western Assetorate Loan Fund PS Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Western Assetorate Loan Fund Annual Data
Sep17 Sep18 Sep19
PS Ratio 15.44 17.44 31.85

Western Assetorate Loan Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
PS Ratio Premium Member Only 0.00 17.44 0.00 31.85 0.00

Competitive Comparison
* 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.


Western Assetorate Loan Fund PS Ratio Distribution

* The bar in red indicates where Western Assetorate Loan Fund's PS Ratio falls into.



Western Assetorate Loan Fund PS Ratio Calculation

The P/S Ratio is another ratio widely used to value stocks. It was first used by Ken Fisher.

Western Assetorate Loan Fund's P/S Ratio for today is calculated as

P/S Ratio=Share Price/Revenue per Share (TTM)
=9.24/0.298
=31.01

Western Assetorate Loan Fund's Share Price of today is $9.24.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Assetorate Loan Fund's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2020 was $0.30.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

P/E Ratio=Market Cap/Revenue

The revenue here is for the trailing 12 months.


Western Assetorate Loan Fund  (NYSE:TLI) PS Ratio Explanation

The P/S 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 P/S ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The P/S ratio is a great valuation tool for evaluating cyclical businesses where the P/E 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 P/S 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.

Similar to the Price/Earnings ratio and Price/Cash Flow or Price/Free Cash Flow, the P/E ratio measures the valuation based on the earning power of the company. This is where it is different from Price/Book ratio, which measures the valuation based on the company's balance sheet.


Be Aware

The P/S 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 Assetorate Loan Fund PS Ratio Related Terms


Western Assetorate Loan Fund PS Ratio Headlines

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