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Capital Southwest (FRA:SFW) Cyclically Adjusted PB Ratio : 0.99 (As of May. 19, 2024)


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What is Capital Southwest Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Capital Southwest's current share price is €24.40. Capital Southwest's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €24.55. Capital Southwest's Cyclically Adjusted PB Ratio for today is 0.99.

The historical rank and industry rank for Capital Southwest's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:SFW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.47   Max: 1
Current: 0.98

During the past years, Capital Southwest's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.27. And the median was 0.47.

FRA:SFW's Cyclically Adjusted PB Ratio is ranked worse than
64.42% of 933 companies
in the Asset Management industry
Industry Median: 0.79 vs FRA:SFW: 0.98

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Capital Southwest's adjusted book value per share data for the three months ended in Dec. 2023 was €15.382. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €24.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Southwest Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Capital Southwest's Cyclically Adjusted PB 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.

Capital Southwest Cyclically Adjusted PB Ratio Chart

Capital Southwest Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.70 0.75 0.60 -

Capital Southwest Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 0.60 0.68 0.82 0.89 -

Competitive Comparison of Capital Southwest's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Capital Southwest's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Capital Southwest's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Capital Southwest's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Capital Southwest's Cyclically Adjusted PB Ratio falls into.



Capital Southwest Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Capital Southwest's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.40/24.55
=0.99

* 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.

Capital Southwest's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Capital Southwest's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=15.382/129.4194*129.4194
=15.382

Current CPI (Dec. 2023) = 129.4194.

Capital Southwest Quarterly Data

Book Value per Share CPI Adj_Book
201403 36.137 99.695 46.912
201406 37.660 100.560 48.468
201409 37.863 100.428 48.793
201412 38.257 99.070 49.977
201503 45.556 99.621 59.183
201506 43.957 100.684 56.502
201509 15.757 100.392 20.313
201512 15.809 99.792 20.502
201603 15.568 100.470 20.054
201606 15.474 101.688 19.694
201609 15.803 101.861 20.078
201612 16.950 101.863 21.535
201703 16.647 102.862 20.945
201706 15.982 103.349 20.014
201709 15.320 104.136 19.040
201712 15.584 104.011 19.391
201803 15.470 105.290 19.015
201806 16.149 106.317 19.658
201809 16.143 106.507 19.616
201812 16.203 105.998 19.783
201903 16.482 107.251 19.889
201906 16.443 108.070 19.691
201909 16.618 108.329 19.853
201912 15.067 108.420 17.985
202003 13.688 108.902 16.267
202006 13.274 108.767 15.794
202009 13.044 109.815 15.373
202012 12.935 109.897 15.233
202103 13.447 111.754 15.573
202106 13.762 114.631 15.537
202109 13.909 115.734 15.554
202112 14.327 117.630 15.763
202203 15.311 121.301 16.336
202206 15.645 125.017 16.196
202209 16.694 125.227 17.253
202212 15.337 125.222 15.851
202303 15.285 127.348 15.534
202306 16.088 128.729 16.174
202309 15.427 129.860 15.375
202312 15.382 129.419 15.382

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Capital Southwest  (FRA:SFW) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Capital Southwest Cyclically Adjusted PB Ratio Related Terms

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


Capital Southwest (FRA:SFW) Business Description

Traded in Other Exchanges
Address
8333 Douglas Avenue, Suite 1100, Dallas, TX, USA, 75225
Capital Southwest Corp is an us-based investment company that specializes in providing customized financing to middle market companies across various industries. The company's investment objective to produce attractive risk-adjusted returns by generating current income from debt investments and capital appreciation from equity and equity related investments. It focuses on providing flexible financing solutions through partnership with business owners, management teams, and financial sponsors. The company's portfolio may include senior debt, second lien and subordinated debt, preferred stock and common stock and warrants. The primary source company's revenue comprises interest income and dividend income from investments made as well as management fees.

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