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OFS Capital (FRA:9UD) Cyclically Adjusted Book per Share : €13.99 (As of Mar. 2025)


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What is OFS Capital 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.

OFS Capital's adjusted book value per share for the three months ended in Mar. 2025 was €11.073. 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 €13.99 for the trailing ten years ended in Mar. 2025.

During the past 12 months, OFS Capital's average Cyclically Adjusted Book Growth Rate was -2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 OFS Capital was 5.90% per year. The lowest was 2.20% per year. And the median was 5.70% per year.

As of today (2025-05-25), OFS Capital's current stock price is €7.204. OFS Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €13.99. OFS Capital's Cyclically Adjusted PB Ratio of today is 0.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of OFS Capital was 0.88. The lowest was 0.26. And the median was 0.62.


OFS Capital Cyclically Adjusted Book per Share Historical Data

The historical data trend for OFS Capital'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.

OFS Capital Cyclically Adjusted Book per Share Chart

OFS Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 12.86 14.71 14.41 14.77

OFS Capital Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 14.63 14.99 13.86 14.77 13.99

Competitive Comparison of OFS Capital's Cyclically Adjusted Book per Share

For the Asset Management subindustry, OFS Capital'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.


OFS Capital's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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


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OFS Capital 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, OFS Capital's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=11.073/134.9266*134.9266
=11.073

Current CPI (Mar. 2025) = 134.9266.

OFS Capital Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.061 100.684 17.503
201509 12.884 100.392 17.316
201512 13.547 99.792 18.317
201603 13.158 100.470 17.671
201606 13.136 101.688 17.430
201609 13.067 101.861 17.309
201612 14.052 101.863 18.613
201703 14.010 102.862 18.377
201706 12.817 103.349 16.733
201709 11.870 104.136 15.380
201712 11.930 104.011 15.476
201803 11.085 105.290 14.205
201806 11.729 106.317 14.885
201809 11.783 106.507 14.927
201812 11.518 105.998 14.661
201903 11.542 107.251 14.520
201906 11.464 108.070 14.313
201909 11.572 108.329 14.413
201912 11.211 108.420 13.952
202003 8.783 108.902 10.882
202006 8.973 108.767 11.131
202009 9.494 109.815 11.665
202012 9.744 109.897 11.963
202103 10.050 111.754 12.134
202106 11.136 114.631 13.108
202109 12.034 115.734 14.030
202112 13.434 117.630 15.409
202203 14.094 121.301 15.677
202206 13.786 125.017 14.879
202209 13.716 125.227 14.778
202212 12.712 125.222 13.697
202303 12.535 127.348 13.281
202306 11.947 128.729 12.522
202309 11.936 129.860 12.402
202312 11.088 129.419 11.560
202403 10.190 131.776 10.434
202406 10.690 132.554 10.881
202409 10.175 133.029 10.320
202412 12.276 133.157 12.439
202503 11.073 134.927 11.073

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


OFS Capital  (FRA:9UD) 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.

OFS Capital's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.204/13.99
=0.51

* 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 OFS Capital was 0.88. The lowest was 0.26. And the median was 0.62.


Be Aware

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


OFS Capital Cyclically Adjusted Book per Share Related Terms

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


OFS Capital Business Description

Traded in Other Exchanges
Address
10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606
OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.

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