This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Federated Hermes's Median PS Value or its related term are showing as below:
FHI'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.52 Med: 0.92 Max: 1.35
Current: 0.7
During the past 13 years, the highest Price to Median PS Value of Federated Hermes was 1.35. The lowest was 0.52. And the median was 0.92.
FHI's Price-to-Median-PS-Value is ranked better than 71.2% of 309
companies
in the Asset Management industry
Industry Median: 0.97
vs FHI: 0.70
Federated Hermes Median PS Value Historical Data
The historical data trend for Federated Hermes's Median PS Value 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.
Competitive Comparison of Federated Hermes's Median PS Value
For the Asset Management subindustry, Federated Hermes's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Federated Hermes's Price-to-Median-PS-Value Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Federated Hermes's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Federated Hermes's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 2.4027.
Federated Hermes's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.599.
* 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.
Federated Hermes (NYSE:FHI) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Federated Hermes's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
33.03
/
47.09
=
0.70
* 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.
Federated Hermes Median PS Value Related Terms
Thank you for viewing the detailed overview of Federated Hermes's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Federated Hermes (Federated Hermes) Business Description
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).
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