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Gladstone Capital (FRA:1G70) Cyclically Adjusted Price-to-FCF : (As of Jun. 25, 2024)


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What is Gladstone Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gladstone Capital's Cyclically Adjusted Price-to-FCF 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.

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Gladstone Capital Cyclically Adjusted Price-to-FCF Chart

Gladstone Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Gladstone Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Gladstone Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Gladstone Capital's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Gladstone Capital's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gladstone Capital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Gladstone Capital's Cyclically Adjusted Price-to-FCF falls into.



Gladstone Capital Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Gladstone Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Gladstone Capital's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.616/131.7762*131.7762
=-1.616

Current CPI (Mar. 2024) = 131.7762.

Gladstone Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.779 100.560 1.021
201409 0.094 100.428 0.123
201412 -3.269 99.070 -4.348
201503 -2.409 99.621 -3.187
201506 1.466 100.684 1.919
201509 -1.867 100.392 -2.451
201512 5.346 99.792 7.059
201603 -0.200 100.470 -0.262
201606 -0.882 101.688 -1.143
201609 0.620 101.861 0.802
201612 2.408 101.863 3.115
201703 -1.555 102.862 -1.992
201706 -1.689 103.349 -2.154
201709 0.064 104.136 0.081
201712 -2.353 104.011 -2.981
201803 0.276 105.290 0.345
201806 0.647 106.317 0.802
201809 0.264 106.507 0.327
201812 -2.677 105.998 -3.328
201903 3.294 107.251 4.047
201906 -0.652 108.070 -0.795
201909 0.611 108.329 0.743
201912 -1.434 108.420 -1.743
202003 0.215 108.902 0.260
202006 -1.950 108.767 -2.363
202009 0.476 109.815 0.571
202012 0.625 109.897 0.749
202103 -0.869 111.754 -1.025
202106 0.596 114.631 0.685
202109 -1.062 115.734 -1.209
202112 -0.299 117.630 -0.335
202203 2.300 121.301 2.499
202206 -3.103 125.017 -3.271
202209 -3.385 125.227 -3.562
202212 1.851 125.222 1.948
202303 -4.781 127.348 -4.947
202306 -2.098 128.729 -2.148
202309 0.985 129.860 1.000
202312 -2.206 129.419 -2.246
202403 -1.616 131.776 -1.616

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Gladstone Capital  (FRA:1G70) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Gladstone Capital Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Gladstone Capital's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Gladstone Capital (FRA:1G70) Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to, achieve and grow current income by investing in debt securities of established businesses that would provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit it to sell its equity investments for capital gains.

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