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CapitalSource (FRA:CAU) Cyclically Adjusted PS Ratio : (As of May. 19, 2024)


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What is CapitalSource Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitalSource Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CapitalSource'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.

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CapitalSource Cyclically Adjusted PS Ratio Chart

CapitalSource Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PS Ratio
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CapitalSource Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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Competitive Comparison of CapitalSource's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, CapitalSource'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.


CapitalSource's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, CapitalSource's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CapitalSource 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.

CapitalSource's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2013 is calculated as:

For example, CapitalSource's adjusted Revenue per Share data for the three months ended in Dec. 2013 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2013 (Change)*Current CPI (Dec. 2013)
=0.499/98.3259*98.3259
=0.499

Current CPI (Dec. 2013) = 98.3259.

CapitalSource Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200403 0.468 79.066 0.582
200406 0.545 80.037 0.670
200409 0.658 80.121 0.808
200412 0.626 80.290 0.767
200503 0.676 81.555 0.815
200506 0.842 82.062 1.009
200509 0.840 83.876 0.985
200512 0.792 83.032 0.938
200603 0.776 84.298 0.905
200606 0.726 85.606 0.834
200609 0.850 85.606 0.976
200612 0.698 85.142 0.806
200703 0.745 86.640 0.845
200706 0.792 87.906 0.886
200709 0.440 87.964 0.492
200712 0.387 88.616 0.429
200803 0.241 90.090 0.263
200806 0.549 92.320 0.585
200809 0.474 92.307 0.505
200812 -0.167 88.697 -0.185
200903 0.149 89.744 0.163
200906 0.241 91.003 0.260
200909 0.213 91.120 0.230
200912 0.214 91.111 0.231
201003 0.194 91.821 0.208
201006 0.176 91.962 0.188
201009 0.319 92.162 0.340
201012 0.447 92.474 0.475
201103 0.265 94.283 0.276
201106 0.208 95.235 0.215
201109 0.283 95.727 0.291
201112 0.327 95.213 0.338
201203 0.339 96.783 0.344
201206 0.363 96.819 0.369
201209 0.360 97.633 0.363
201212 0.416 96.871 0.422
201303 0.405 98.209 0.405
201306 0.390 98.518 0.389
201309 0.414 98.790 0.412
201312 0.499 98.326 0.499

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.


CapitalSource  (FRA:CAU) 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.


CapitalSource Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of CapitalSource's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CapitalSource (FRA:CAU) Business Description

Traded in Other Exchanges
N/A
Address
CapitalSource Inc., incorporated in the state of Delaware. It is a commercial lender that provides financial products to middle market businesses. Through its wholly owned subsidiary, CapitalSource Bank, the Company provides depository products and services in southern and central California. Its main products include: Depository Products and Services; First Mortgage Loans; Senior Secured Asset-Based Loans; Senior Secured Cash Flow Loans; Direct Real Estate Investments; Term B, Second Lien and Mezzanine Loans; Equity Investments; and Residential Mortgage Investments. The Company currently operates as three reportable segments: Commercial Banking, Healthcare Net Lease and Residential Mortgage Investment. Its Commercial Banking segment comprises commercial lending and banking business activities; Healthcare Net Lease segment comprises its direct real estate investment business activities; and Residential Mortgage Investment segment comprises its residential mortgage investment and other investment activities formally engaged in to optimize its REIT qualification. Through Commercial Banking segment activities, the Company provides a range of financial products to middle market businesses and participates in broadly syndicated debt financings for larger businesses. Through Healthcare Net Lease segment activities, it invests in income-producing healthcare facilities, mainly long-term care facilities in the United States. The Company provides lease financing to skilled nursing facilities and, to a lesser extent, assisted living facilities, and long term acute care facilities. In its Commercial Banking and Healthcare Net Lease segments, the Company has three commercial lending businesses: Healthcare and Specialty Finance, which provides first mortgage loans, asset-based revolving lines of credit, and cash flow loans to healthcare businesses and, to a lesser extent, a range of other companies; Corporate Finance, which provides senior and subordinate loans through direct origination and participation in syndicated loan transactions; and Structured Finance, which engages in commercial and residential real estate finance and also provides asset-based lending to finance companies. The Company's markets are competitive and characterized by varying competitive factors. Some of its competitors have considerable market positions. The Company's bank operations are subject to regulation by federal and state regulatory agencies. This regulation is intended mainly for the protection of depositors and the deposit insurance fund, and secondarily for the stability of the U.S. banking system.

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