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SLR Investment (SLR Investment) Cyclically Adjusted Book per Share : $24.81 (As of Dec. 2023)


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What is SLR Investment Cyclically Adjusted Book 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 Book per Share and 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.

SLR Investment's adjusted book value per share for the three months ended in Dec. 2023 was $18.085. 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 $24.81 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SLR Investment's average Cyclically Adjusted Book Growth Rate was -1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.20% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of SLR Investment was 1.70% per year. The lowest was 1.30% per year. And the median was 1.60% per year.

As of today (2024-04-29), SLR Investment's current stock price is $15.52. SLR Investment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $24.81. SLR Investment's Cyclically Adjusted PB Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SLR Investment was 0.92. The lowest was 0.41. And the median was 0.73.


SLR Investment Cyclically Adjusted Book per Share Historical Data

The historical data trend for SLR Investment's Cyclically Adjusted Book 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.

SLR Investment Cyclically Adjusted Book per Share Chart

SLR Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.95 23.62 24.57 25.12 24.81

SLR Investment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book 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 25.12 25.25 25.24 25.19 24.81

Competitive Comparison of SLR Investment's Cyclically Adjusted Book per Share

For the Asset Management subindustry, SLR Investment'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.


SLR Investment's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



SLR Investment Cyclically Adjusted Book 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 Book per Share and 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.

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

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

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

For example, SLR Investment'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)
=18.085/129.4194*129.4194
=18.085

Current CPI (Dec. 2023) = 129.4194.

SLR Investment Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.427 99.695 29.114
201406 22.440 100.560 28.880
201409 22.341 100.428 28.790
201412 22.055 99.070 28.811
201503 21.912 99.621 28.466
201506 21.918 100.684 28.173
201509 21.520 100.392 27.742
201512 20.787 99.792 26.958
201603 21.079 100.470 27.153
201606 21.512 101.688 27.379
201609 21.718 101.861 27.594
201612 21.741 101.863 27.623
201703 21.747 102.862 27.362
201706 21.791 103.349 27.288
201709 21.798 104.136 27.090
201712 21.808 104.011 27.135
201803 21.872 105.290 26.885
201806 21.930 106.317 26.695
201809 21.949 106.507 26.671
201812 21.750 105.998 26.556
201903 21.928 107.251 26.461
201906 21.982 108.070 26.325
201909 21.897 108.329 26.160
201912 21.435 108.420 25.587
202003 19.240 108.902 22.865
202006 20.109 108.767 23.927
202009 20.139 109.815 23.734
202012 20.161 109.897 23.742
202103 20.260 111.754 23.462
202106 20.289 114.631 22.906
202109 20.196 115.734 22.584
202112 19.931 117.630 21.929
202203 19.555 121.301 20.864
202206 18.534 125.017 19.187
202209 18.371 125.227 18.986
202212 18.325 125.222 18.939
202303 18.040 127.348 18.333
202306 17.978 128.729 18.074
202309 18.062 129.860 18.001
202312 18.085 129.419 18.085

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


SLR Investment  (NAS:SLRC) Cyclically Adjusted Book per Share Explanation

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

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 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.

SLR Investment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.52/24.81
=0.63

* 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 PB Ratio of SLR Investment was 0.92. The lowest was 0.41. And the median was 0.73.


Be Aware

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


SLR Investment Cyclically Adjusted Book per Share Related Terms

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


SLR Investment (SLR Investment) Business Description

Traded in Other Exchanges
Address
500 Park Avenue, New York, NY, USA, 10022
SLR Investment Corp is a closed-end investment company that has elected to be treated as a business development company. It provides U.S. middle market businesses and intermediaries with bespoke debt financing solutions to fund working capital, acquisition, refinancing and growth capital requirements.
Executives
Michael S Gross director, officer: See Remarks C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Roberts Andrea Colvin director 500 PARK AVENUE, NEW YORK NY 10022
Guy Talarico officer: Chief Compliance Officer 590 MADISON AVENUE, 15TH FLOOR, NEW YORK NY 10022
Shiraz Kajee officer: CFO, Treasurer & Secretary 500 PARK AVENUE, NEW YORK NY 10022
Bruce J Spohler director, officer: See Remarks
Steven Hochberg director 560 WHITE PLAINS ROAD, TARRYTOWN NY 10591
Leonard Potter director C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
Richard Peteka officer: See Remarks CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902
David Wachter director W. CAPITAL PARTNERS, ONE EAST 52ND STREET, NEW YORK NY 10022
Brian Gerson officer: Executive Vice President C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, NEW YORK NY 10022
Nicholas Radesca officer: Chief Financial Officer & Sec C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022