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Saratoga Investment (Saratoga Investment) Cyclically Adjusted PS Ratio : 5.79 (As of Apr. 29, 2024)


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What is Saratoga Investment Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Saratoga Investment's current share price is $23.84. Saratoga Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Nov. 2023 was $4.12. Saratoga Investment's Cyclically Adjusted PS Ratio for today is 5.79.

The historical rank and industry rank for Saratoga Investment's Cyclically Adjusted PS Ratio or its related term are showing as below:

SAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.09   Med: 5.5   Max: 7.02
Current: 5.78

During the past years, Saratoga Investment's highest Cyclically Adjusted PS Ratio was 7.02. The lowest was 2.09. And the median was 5.50.

SAR's Cyclically Adjusted PS Ratio is ranked better than
58.46% of 881 companies
in the Asset Management industry
Industry Median: 7.38 vs SAR: 5.78

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.

Saratoga Investment's adjusted revenue per share data for the three months ended in Nov. 2023 was $-0.083. 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 $4.12 for the trailing ten years ended in Nov. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saratoga Investment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Saratoga Investment'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.

Saratoga Investment Cyclically Adjusted PS Ratio Chart

Saratoga Investment Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 5.12 5.90 6.63 6.63

Saratoga Investment Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 6.47 6.63 6.87 6.17 6.36

Competitive Comparison of Saratoga Investment's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Saratoga Investment'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.


Saratoga Investment's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Saratoga Investment 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.

Saratoga Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.84/4.12
=5.79

* 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.

Saratoga Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Nov. 2023 is calculated as:

For example, Saratoga Investment's adjusted Revenue per Share data for the three months ended in Nov. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=-0.083/129.5481*129.5481
=-0.083

Current CPI (Nov. 2023) = 129.5481.

Saratoga Investment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201402 0.849 99.057 1.110
201405 0.503 100.373 0.649
201408 0.729 100.352 0.941
201411 0.775 99.635 1.008
201502 0.709 99.032 0.927
201505 1.529 100.333 1.974
201508 0.374 100.548 0.482
201511 0.814 100.135 1.053
201602 0.147 100.040 0.190
201605 0.755 101.355 0.965
201608 1.103 101.617 1.406
201611 0.456 101.829 0.580
201702 0.672 102.779 0.847
201705 0.363 103.256 0.455
201708 1.357 103.587 1.697
201711 0.906 104.072 1.128
201802 1.084 105.052 1.337
201805 0.959 106.148 1.170
201808 0.568 106.383 0.692
201811 0.715 106.338 0.871
201902 1.262 106.649 1.533
201905 1.155 108.048 1.385
201908 1.112 108.245 1.331
201911 1.520 108.519 1.815
202002 2.698 109.139 3.203
202005 -1.918 108.175 -2.297
202008 2.086 109.662 2.464
202011 1.084 109.793 1.279
202102 1.107 110.968 1.292
202105 2.075 113.576 2.367
202108 1.174 115.421 1.318
202111 0.890 117.269 0.983
202202 0.934 119.703 1.011
202205 0.061 123.323 0.064
202208 0.328 124.958 0.340
202211 0.681 125.607 0.702
202302 1.985 126.928 2.026
202305 0.172 128.314 0.174
202308 0.826 129.538 0.826
202311 -0.083 129.548 -0.083

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.


Saratoga Investment  (NYSE:SAR) 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.


Saratoga Investment Cyclically Adjusted PS Ratio Related Terms

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


Saratoga Investment (Saratoga Investment) Business Description

Traded in Other Exchanges
N/A
Address
535 Madison Avenue, 4th Floor, New York, NY, USA, 10022
Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests in senior and unitranche leveraged loans and mezzanine debt and, to a lesser extent, equity issued by private U.S. middle-market companies, which it defines as companies having annual earnings before interest, taxes, depreciation and amortization (EBITDA) under $50 million, both through direct lending and through participation in loan syndicates.
Executives
Christian L Oberbeck director, 10 percent owner, officer: CEO and Director C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219
Steven M Looney director 132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322
Henri J Steenkamp officer: Chief Financial Officer SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Williams George Cabell Iii director 5422 ALBIA ROAD, BETHESDA MD 20816
Elizabeth Oberbeck 10 percent owner C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022
Michael J Grisius director, officer: President and Director 1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006
Whitman Iii Charles S director C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017
Phillips Charles G Iv other: Member of 10% owner group. C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Richard A Petrocelli director, officer: CFO, Secretary and CCO 1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019
John P. Birkelund other: Member of 10% owner group ETHAN ALLEN DRIVE, DANBURY CT 06811
John F. Macmurray other: Member of 10% owner group C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Durkin Charles P Jr other: Member of 10% owner group
Clo Partners Llc other: Member of 10% owner group 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Saratoga Investment Advisors, Llc other: Member of 10% owner group 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022
Ivo Turkedjiev officer: VP Corporate Credit Group C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019

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