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Golub Capital BDC (FRA:OGL) Cyclically Adjusted Revenue per Share : €1.35 (As of Mar. 2024)


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What is Golub Capital BDC Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Golub Capital BDC's adjusted revenue per share for the three months ended in Mar. 2024 was €0.512. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €1.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Golub Capital BDC's average Cyclically Adjusted Revenue Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Golub Capital BDC was 4.80% per year. The lowest was -0.50% per year. And the median was 2.15% per year.

As of today (2024-05-19), Golub Capital BDC's current stock price is €15.20. Golub Capital BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.35. Golub Capital BDC's Cyclically Adjusted PS Ratio of today is 11.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Golub Capital BDC was 12.42. The lowest was 7.50. And the median was 10.56.


Golub Capital BDC Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Golub Capital BDC's Cyclically Adjusted Revenue per Share 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.

Golub Capital BDC Cyclically Adjusted Revenue per Share Chart

Golub Capital BDC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.07 1.19 1.47 1.34

Golub Capital BDC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 1.27 1.31 1.34 1.34 1.35

Competitive Comparison of Golub Capital BDC's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Golub Capital BDC'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.


Golub Capital BDC's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Golub Capital BDC's Cyclically Adjusted PS Ratio falls into.



Golub Capital BDC Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Golub Capital BDC'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)
=0.512/131.7762*131.7762
=0.512

Current CPI (Mar. 2024) = 131.7762.

Golub Capital BDC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.262 100.560 0.343
201409 0.336 100.428 0.441
201412 0.270 99.070 0.359
201503 0.361 99.621 0.478
201506 0.330 100.684 0.432
201509 0.345 100.392 0.453
201512 0.379 99.792 0.500
201603 0.259 100.470 0.340
201606 0.321 101.688 0.416
201609 0.276 101.861 0.357
201612 0.332 101.863 0.429
201703 0.354 102.862 0.454
201706 0.314 103.349 0.400
201709 0.316 104.136 0.400
201712 0.306 104.011 0.388
201803 0.316 105.290 0.395
201806 0.314 106.317 0.389
201809 0.254 106.507 0.314
201812 0.275 105.998 0.342
201903 0.267 107.251 0.328
201906 0.295 108.070 0.360
201909 -0.880 108.329 -1.070
201912 0.325 108.420 0.395
202003 -1.481 108.902 -1.792
202006 0.842 108.767 1.020
202009 0.497 109.815 0.596
202012 0.483 109.897 0.579
202103 0.477 111.754 0.562
202106 0.425 114.631 0.489
202109 0.332 115.734 0.378
202112 0.355 117.630 0.398
202203 0.360 121.301 0.391
202206 0.107 125.017 0.113
202209 0.080 125.227 0.084
202212 0.182 125.222 0.192
202303 0.341 127.348 0.353
202306 0.426 128.729 0.436
202309 0.603 129.860 0.612
202312 0.445 129.419 0.453
202403 0.512 131.776 0.512

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Golub Capital BDC  (FRA:OGL) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Golub Capital BDC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.20/1.35
=11.26

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Golub Capital BDC was 12.42. The lowest was 7.50. And the median was 10.56.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Golub Capital BDC Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Golub Capital BDC's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Golub Capital BDC (FRA:OGL) Business Description

Traded in Other Exchanges
Address
200 Park Avenue, 25th Floor, New York, NY, USA, 10166
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.

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