GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AGNC Investment Corp (NAS:AGNC) » Definitions » Cyclically Adjusted PS Ratio

AGNC Investment (AGNC Investment) Cyclically Adjusted PS Ratio : 10.84 (As of Jun. 05, 2024)


View and export this data going back to 2008. Start your Free Trial

What is AGNC Investment Cyclically Adjusted PS Ratio?

As of today (2024-06-05), AGNC Investment's current share price is $9.755. AGNC Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $0.90. AGNC Investment's Cyclically Adjusted PS Ratio for today is 10.84.

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

AGNC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.18   Med: 7.23   Max: 20.66
Current: 10.77

During the past years, AGNC Investment's highest Cyclically Adjusted PS Ratio was 20.66. The lowest was 3.18. And the median was 7.23.

AGNC's Cyclically Adjusted PS Ratio is ranked worse than
87.6% of 492 companies
in the REITs industry
Industry Median: 4.945 vs AGNC: 10.77

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.

AGNC Investment's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.663. 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 $0.90 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGNC Investment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AGNC Investment'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.

AGNC Investment Cyclically Adjusted PS Ratio Chart

AGNC Investment 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 5.72 7.11 8.19 9.11 12.71

AGNC Investment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.67 20.30 13.93 12.71 10.97

Competitive Comparison of AGNC Investment's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, AGNC Investment'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.


AGNC Investment's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AGNC Investment's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



AGNC Investment 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.755/0.9
=10.84

* 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.

AGNC Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AGNC Investment's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.663/131.7762*131.7762
=0.663

Current CPI (Mar. 2024) = 131.7762.

AGNC Investment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.108 100.560 0.142
201409 0.573 100.428 0.752
201412 -0.899 99.070 -1.196
201503 -0.697 99.621 -0.922
201506 1.474 100.684 1.929
201509 -1.806 100.392 -2.371
201512 1.735 99.792 2.291
201603 -2.291 100.470 -3.005
201606 -0.363 101.688 -0.470
201609 1.589 101.861 2.056
201612 3.127 101.863 4.045
201703 0.284 102.862 0.364
201706 0.115 103.349 0.147
201709 0.833 104.136 1.054
201712 1.036 104.011 1.313
201803 1.129 105.290 1.413
201806 0.768 106.317 0.952
201809 0.564 106.507 0.698
201812 -1.554 105.998 -1.932
201903 0.529 107.251 0.650
201906 -0.788 108.070 -0.961
201909 0.027 108.329 0.033
201912 1.645 108.420 1.999
202003 -4.376 108.902 -5.295
202006 1.323 108.767 1.603
202009 1.232 109.815 1.478
202012 1.468 109.897 1.760
202103 1.865 111.754 2.199
202106 -0.739 114.631 -0.850
202109 0.443 115.734 0.504
202112 -0.013 117.630 -0.015
202203 -1.202 121.301 -1.306
202206 -0.787 125.017 -0.830
202209 -1.224 125.227 -1.288
202212 1.011 125.222 1.064
202303 -0.223 127.348 -0.231
202306 0.515 128.729 0.527
202309 -0.593 129.860 -0.602
202312 0.649 129.419 0.661
202403 0.663 131.776 0.663

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.


AGNC Investment  (NAS:AGNC) 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.


AGNC Investment Cyclically Adjusted PS Ratio Related Terms

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


AGNC Investment (AGNC Investment) Business Description

Industry
Address
2 Bethesda Metro Center, 12th Floor, Bethesda, MD, USA, 20814
AGNC Investment Corp is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities or other investments in or related to, the housing, mortgage or real estate markets.
Executives
Bernice Bell officer: EVP, CFO AMERICAN CAPITAL AGENCY CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Christopher Kuehl officer: EVP, Chief Investment Officer AMERICAN CAPITAL AGENCY CORP., 7373 WISCONSIN AVENUE, 22ND FL, BETHESDA MD 20814
Morris A. Davis director C/O AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Sean Reid officer: EVP AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Prue Larocca director AMERICAN CAPITAL AGENCY CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Gary D Kain director, officer: Director, Executive Chair AMERICAN CAPITAL, LTD., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Paul E Mullings director AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Donna Blank director AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Kenneth L. Pollack officer: EVP and General Counsel AMERICAN CAPITAL AGENCY CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Frances Spark director C/O AGNC INVESTMENT CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
John D Fisk director C/O AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Johnson Andrew A Jr director 690 LEE ROAD, WAYNE PA 19087
Peter J Federico director, officer: Director, President and CEO AMERICAN CAPITAL MORTGAGE INVESTMENT COR, 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Aaron Pas officer: Senior Vice President AMERICAN CAPITAL MORTGAGE INVESTMENT COR, 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Larry K Harvey director AMERICAN CAPITAL AGENCY CORP., 2 BETHESDA METRO, 12TH FLOOR, BETHESDA MD 20814