GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Golub Capital BDC Inc (FRA:OGL) » Definitions » Cyclically Adjusted PS Ratio

Golub Capital BDC (FRA:OGL) Cyclically Adjusted PS Ratio : 10.89 (As of Jun. 08, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Golub Capital BDC Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Golub Capital BDC's current share price is €14.70. Golub Capital BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.35. Golub Capital BDC's Cyclically Adjusted PS Ratio for today is 10.89.

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

FRA:OGL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.5   Med: 10.58   Max: 12.42
Current: 10.73

During the past years, Golub Capital BDC's highest Cyclically Adjusted PS Ratio was 12.42. The lowest was 7.50. And the median was 10.58.

FRA:OGL's Cyclically Adjusted PS Ratio is ranked worse than
66.4% of 875 companies
in the Asset Management industry
Industry Median: 7.66 vs FRA:OGL: 10.73

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.

Golub Capital BDC's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.512. 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 €1.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Golub Capital BDC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Golub Capital BDC'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.

Golub Capital BDC Cyclically Adjusted PS Ratio Chart

Golub Capital BDC 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 12.34 10.39 11.32 8.66 10.04

Golub Capital BDC 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 9.60 9.46 10.04 10.35 11.12

Competitive Comparison of Golub Capital BDC's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Golub Capital BDC'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.


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

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

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



Golub Capital BDC 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.70/1.35
=10.89

* 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.

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

For example, Golub Capital BDC'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)
=0.512/131.7762*131.7762
=0.512

Current CPI (Mar. 2024) = 131.7762.

Golub Capital BDC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.262 100.560 0.343
201409 0.336 100.428 0.441
201412 0.270 99.070 0.359
201503 0.361 99.621 0.478
201506 0.330 100.684 0.432
201509 0.345 100.392 0.453
201512 0.379 99.792 0.500
201603 0.259 100.470 0.340
201606 0.321 101.688 0.416
201609 0.276 101.861 0.357
201612 0.332 101.863 0.429
201703 0.354 102.862 0.454
201706 0.314 103.349 0.400
201709 0.316 104.136 0.400
201712 0.306 104.011 0.388
201803 0.316 105.290 0.395
201806 0.314 106.317 0.389
201809 0.254 106.507 0.314
201812 0.275 105.998 0.342
201903 0.267 107.251 0.328
201906 0.295 108.070 0.360
201909 -0.880 108.329 -1.070
201912 0.325 108.420 0.395
202003 -1.481 108.902 -1.792
202006 0.842 108.767 1.020
202009 0.497 109.815 0.596
202012 0.483 109.897 0.579
202103 0.477 111.754 0.562
202106 0.425 114.631 0.489
202109 0.332 115.734 0.378
202112 0.355 117.630 0.398
202203 0.360 121.301 0.391
202206 0.107 125.017 0.113
202209 0.080 125.227 0.084
202212 0.182 125.222 0.192
202303 0.341 127.348 0.353
202306 0.426 128.729 0.436
202309 0.603 129.860 0.612
202312 0.445 129.419 0.453
202403 0.512 131.776 0.512

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.


Golub Capital BDC  (FRA:OGL) 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.


Golub Capital BDC Cyclically Adjusted PS Ratio Related Terms

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


Golub Capital BDC (FRA:OGL) Business Description

Traded in Other Exchanges
Address
200 Park Avenue, 25th Floor, New York, NY, USA, 10166
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.

Golub Capital BDC (FRA:OGL) Headlines

No Headlines