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Gladstone Capital (FRA:1G70) Cyclically Adjusted PS Ratio : 7.53 (As of Jun. 25, 2024)


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What is Gladstone Capital Cyclically Adjusted PS Ratio?

As of today (2024-06-25), Gladstone Capital's current share price is €21.00. Gladstone Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €2.79. Gladstone Capital's Cyclically Adjusted PS Ratio for today is 7.53.

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

FRA:1G70' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.82   Med: 7.44   Max: 12.69
Current: 7.43

During the past years, Gladstone Capital's highest Cyclically Adjusted PS Ratio was 12.69. The lowest was 3.82. And the median was 7.44.

FRA:1G70's Cyclically Adjusted PS Ratio is ranked better than
51.66% of 875 companies
in the Asset Management industry
Industry Median: 7.67 vs FRA:1G70: 7.43

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.

Gladstone Capital's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.116. 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 €2.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gladstone Capital'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.

Gladstone Capital Cyclically Adjusted PS Ratio Chart

Gladstone Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.44 8.29 8.78 5.93 6.89

Gladstone Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.37 6.30 6.89 7.62 6.97

Competitive Comparison of Gladstone Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Gladstone Capital'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.


Gladstone Capital's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Gladstone Capital 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.

Gladstone Capital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.00/2.79
=7.53

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.116/131.7762*131.7762
=2.116

Current CPI (Mar. 2024) = 131.7762.

Gladstone Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 -1.112 100.560 -1.457
201409 1.923 100.428 2.523
201412 0.271 99.070 0.360
201503 1.115 99.621 1.475
201506 0.538 100.684 0.704
201509 -0.131 100.392 -0.172
201512 -0.431 99.792 -0.569
201603 -0.210 100.470 -0.275
201606 0.680 101.688 0.881
201609 1.819 101.861 2.353
201612 0.340 101.863 0.440
201703 0.562 102.862 0.720
201706 0.648 103.349 0.826
201709 0.568 104.136 0.719
201712 0.661 104.011 0.837
201803 0.756 105.290 0.946
201806 0.970 106.317 1.202
201809 -0.420 106.507 -0.520
201812 -0.021 105.998 -0.026
201903 0.782 107.251 0.961
201906 0.739 108.070 0.901
201909 0.526 108.329 0.640
201912 0.198 108.420 0.241
202003 -1.467 108.902 -1.775
202006 0.994 108.767 1.204
202009 0.138 109.815 0.166
202012 0.664 109.897 0.796
202103 1.102 111.754 1.299
202106 1.015 114.631 1.167
202109 1.808 115.734 2.059
202112 0.593 117.630 0.664
202203 0.497 121.301 0.540
202206 -0.330 125.017 -0.348
202209 0.302 125.227 0.318
202212 0.355 125.222 0.374
202303 1.296 127.348 1.341
202306 1.122 128.729 1.149
202309 0.612 129.860 0.621
202312 1.688 129.419 1.719
202403 2.116 131.776 2.116

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.


Gladstone Capital  (FRA:1G70) 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.


Gladstone Capital Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Gladstone Capital's Cyclically Adjusted PS Ratio 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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