GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Golub Capital BDC Inc (NAS:GBDC) » Definitions » Cyclically Adjusted Revenue per Share

Golub Capital BDC (Golub Capital BDC) Cyclically Adjusted Revenue per Share : $1.46 (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

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 Dec. 2023 was $0.485. 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 $1.46 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Golub Capital BDC's average Cyclically Adjusted Revenue Growth Rate was 4.30% 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 (2024-04-27), Golub Capital BDC's current stock price is $17.40. Golub Capital BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $1.46. Golub Capital BDC's Cyclically Adjusted PS Ratio of today is 11.92.

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 10.55.


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 1.45 1.27 1.40 1.43 1.46

Golub Capital BDC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.40 1.41 1.43 1.46 1.46

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 Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.485/129.4194*129.4194
=0.485

Current CPI (Dec. 2023) = 129.4194.

Golub Capital BDC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.338 99.695 0.439
201406 0.356 100.560 0.458
201409 0.433 100.428 0.558
201412 0.333 99.070 0.435
201503 0.391 99.621 0.508
201506 0.371 100.684 0.477
201509 0.387 100.392 0.499
201512 0.413 99.792 0.536
201603 0.289 100.470 0.372
201606 0.361 101.688 0.459
201609 0.309 101.861 0.393
201612 0.350 101.863 0.445
201703 0.379 102.862 0.477
201706 0.353 103.349 0.442
201709 0.377 104.136 0.469
201712 0.362 104.011 0.450
201803 0.390 105.290 0.479
201806 0.366 106.317 0.446
201809 0.296 106.507 0.360
201812 0.312 105.998 0.381
201903 0.302 107.251 0.364
201906 0.333 108.070 0.399
201909 -0.969 108.329 -1.158
201912 0.362 108.420 0.432
202003 -1.636 108.902 -1.944
202006 0.948 108.767 1.128
202009 0.586 109.815 0.691
202012 0.588 109.897 0.692
202103 0.568 111.754 0.658
202106 0.512 114.631 0.578
202109 0.390 115.734 0.436
202112 0.402 117.630 0.442
202203 0.397 121.301 0.424
202206 0.113 125.017 0.117
202209 0.079 125.227 0.082
202212 0.193 125.222 0.199
202303 0.365 127.348 0.371
202306 0.461 128.729 0.463
202309 0.643 129.860 0.641
202312 0.485 129.419 0.485

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


Golub Capital BDC  (NAS:GBDC) 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
=17.40/1.46
=11.92

* 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 10.55.


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 (Golub Capital BDC) 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.
Executives
Anita R Rosenberg director C/O GOLUB CAPITAL BDC, INC., 150 SOUTH WACKER STREET, SUITE 800, CHICAGO IL 60606
Lawrence E Golub director, officer: Chairman 555 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
David Golub director, officer: Chief Executive Officer 1125 PARK AVE. 7A, NEW YORK NY 10128
John Thomas Baily director 919 THIRD AVENUE, 10TH FLOOR, NEW YORK NY 10022
Ericson Christopher Compton officer: Chief Fin. Officer & Treasurer C/O GOLUB CAPITAL, 200 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10166
Holder Lofton Phillip Jr director 48 WEST 89TH STREET, NEW YORK NY 10024
Joshua M Levinson officer: Chief Compliance Officer 150 SOUTH WACKER DRIVE, 8TH FLOOR, CHICAGO IL 60606
Webster William M Iv director 120 N LASALLE ST, SUITE 3300, CHICAGO IL 60602
Ross Teune officer: Chief Financial Officer 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ohio Strs 10 percent owner 275 E BROAD ST, COLUMBUS OH 43215
Kenneth F Bernstein director C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVENUE, SUITE 300, RYE NY 10580
Thomas E Lynch director 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Sean K Coleman officer: CFO and Treasurer C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Gems Fund, L.p. 10 percent owner C/O GC ADVISORS LLC, 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Golub Capital Co Iv, Llc 10 percent owner 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606