GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Schroder UK Mid Cap Fund PLC (CHIX:SCPl) » Definitions » Cyclically Adjusted PS Ratio

Schroder UK Mid Cap Fund (CHIX:SCPL) Cyclically Adjusted PS Ratio : 15.40 (As of May. 24, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Schroder UK Mid Cap Fund Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Schroder UK Mid Cap Fund's current share price is £6.16. Schroder UK Mid Cap Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was £0.40. Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio for today is 15.40.

The historical rank and industry rank for Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:SCPl' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.29   Med: 10.92   Max: 17.51
Current: 15.32

During the past years, Schroder UK Mid Cap Fund's highest Cyclically Adjusted PS Ratio was 17.51. The lowest was 6.29. And the median was 10.92.

CHIX:SCPl's Cyclically Adjusted PS Ratio is ranked worse than
82.05% of 869 companies
in the Asset Management industry
Industry Median: 7.6 vs CHIX:SCPl: 15.32

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.

Schroder UK Mid Cap Fund's adjusted revenue per share data for the three months ended in Sep. 2023 was £-0.039. 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 £0.40 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Schroder UK Mid Cap Fund Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Schroder UK Mid Cap Fund'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.

Schroder UK Mid Cap Fund Cyclically Adjusted PS Ratio Chart

Schroder UK Mid Cap Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.86 10.16 10.36 10.88 13.67

Schroder UK Mid Cap Fund Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 10.36 - 10.88 - 13.67

Competitive Comparison of Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Schroder UK Mid Cap Fund'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.


Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio falls into.



Schroder UK Mid Cap Fund 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.

Schroder UK Mid Cap Fund's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.16/0.4
=15.40

* 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.

Schroder UK Mid Cap Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Schroder UK Mid Cap Fund's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.039/130.1000*130.1000
=-0.039

Current CPI (Sep. 2023) = 130.1000.

Schroder UK Mid Cap Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200403 0.237 77.300 0.399
200409 0.079 77.900 0.132
200503 0.310 78.800 0.512
200509 0.237 79.900 0.386
200603 0.402 80.400 0.651
200609 0.166 81.900 0.264
200703 0.549 82.800 0.863
200709 -0.079 83.500 -0.123
200803 -0.245 84.900 -0.375
200809 -0.460 87.500 -0.684
200903 -0.333 87.300 -0.496
200909 0.715 88.300 1.053
201003 0.143 89.400 0.208
201009 0.305 90.400 0.439
201103 0.415 92.600 0.583
201109 -0.441 94.500 -0.607
201203 0.546 95.400 0.745
201209 0.183 96.400 0.247
201303 0.862 97.800 1.147
201309 0.420 98.700 0.554
201403 0.692 99.300 0.907
201409 -0.279 100.000 -0.363
201503 0.274 99.600 0.358
201509 0.126 100.200 0.164
201603 0.161 100.400 0.209
201609 0.180 101.500 0.231
201703 0.460 102.700 0.583
201709 0.649 104.300 0.810
201803 -0.113 105.100 -0.140
201809 0.348 106.600 0.425
201903 -0.301 107.000 -0.366
201909 0.403 108.400 0.484
202003 -1.835 108.600 -2.198
202009 1.374 109.200 1.637
202103 1.374 109.700 1.630
202109 0.999 112.400 1.156
202203 -0.884 116.500 -0.987
202209 -1.444 122.300 -1.536
202303 1.016 126.800 1.042
202309 -0.039 130.100 -0.039

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.


Schroder UK Mid Cap Fund  (CHIX:SCPl) 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.


Schroder UK Mid Cap Fund Cyclically Adjusted PS Ratio Related Terms

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


Schroder UK Mid Cap Fund (CHIX:SCPL) Business Description

Traded in Other Exchanges
Address
1 Exchange Crescent, Conference Square, Edinburgh, GBR, EH3 8UL
Schroder UK Mid Cap Fund PLC is a UK-based investment trust company. Its primary objective is to invest in mid-cap equities with the aim of providing a total return in excess of the FTSE 250 (ex-Investment Companies) Index. The company's investment strategy is to invest principally in the investment universe associated with the benchmark index and emphasized on specific companies and targeted themes. It adopts a unique and consistent investment process, taking a stock-specific approach with an emphasis on growth companies and sector weightings. The company may use gearing within pre-agreed limits to enhance investment returns in rising markets.

Schroder UK Mid Cap Fund (CHIX:SCPL) Headlines