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Prospect Capital Corp  (NAS:PSEC) Shiller PE Ratio: 7.45 (As of Today)

As of today, Prospect Capital Corp's current share price is USD 6.78. Prospect Capital Corp's E10 for the quarter that ended in Mar. 2019 was USD 0.91. Prospect Capital Corp's Shiller P/E Ratio for today is 7.45.

NAS:PSEC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.18   Max: 9.17
Current: 7.42

5.18
9.17

During the past years, Prospect Capital Corp's highest Shiller P/E Ratio was 9.17. The lowest was 5.18. And the median was 6.77.

NAS:PSEC's Shiller PE Ratio is ranked higher than
84% of the 310 Companies
in the Global industry.

( Industry Median: 15.31 vs. NAS:PSEC: 7.42 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Prospect Capital Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was USD 0.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is USD 0.91 for the trailing ten years ended in Mar. 2019.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Prospect Capital Corp Annual Data

Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 5.91 7.32 7.92 6.59

Prospect Capital Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Shiller PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 6.12 6.59 7.43 6.77 7.14

Competitive Comparison
* 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.


Prospect Capital Corp Distribution

* The bar in red indicates where Prospect Capital Corp's Shiller PE Ratio falls into.



Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Prospect Capital Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=6.78/0.91
=7.45

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Prospect Capital Corp's E10 for the fiscal year that ended in Jun18 is calculated as:

For example, Prospect Capital Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.24/254.202*254.202
=0.240

Current CPI (Mar. 2019) = 254.202.

Prospect Capital Corp Quarterly Data

per_share_eps CPI Adj_EPS
200906 -0.100 215.693 -0.118
200909 -0.130 215.969 -0.153
200912 -0.250 215.949 -0.294
201003 0.410 217.631 0.479
201006 0.211 217.965 0.246
201009 0.340 218.439 0.396
201012 0.380 219.179 0.441
201103 0.380 223.467 0.432
201106 0.251 225.722 0.283
201109 0.370 226.889 0.415
201112 0.590 225.672 0.665
201203 0.440 229.392 0.488
201206 0.260 229.478 0.288
201209 0.290 231.407 0.319
201212 0.240 229.601 0.266
201303 0.200 232.773 0.218
201306 0.334 233.504 0.364
201309 0.310 234.149 0.337
201312 0.300 233.049 0.327
201403 0.260 236.293 0.280
201406 0.210 238.343 0.224
201409 0.240 238.031 0.256
201412 0.240 234.812 0.260
201503 0.230 236.119 0.248
201506 0.264 238.638 0.281
201509 0.080 237.945 0.085
201512 -0.270 236.525 -0.290
201603 0.210 238.132 0.224
201606 0.266 241.018 0.281
201609 0.230 241.428 0.242
201612 0.280 241.432 0.295
201703 0.050 243.801 0.052
201706 0.140 244.955 0.145
201709 0.030 246.819 0.031
201712 0.340 246.524 0.351
201803 0.140 249.554 0.143
201806 0.310 251.989 0.313
201809 0.230 252.439 0.232
201812 -0.180 251.233 -0.182
201903 0.240 254.202 0.240

Add all the adjusted EPS together and divide 10 will get our .


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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