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HTGC (Hercules Capital) Cyclically Adjusted PS Ratio : 7.58 (As of May. 28, 2025)


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What is Hercules Capital Cyclically Adjusted PS Ratio?

As of today (2025-05-28), Hercules Capital's current share price is $17.65. Hercules Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $2.33. Hercules Capital's Cyclically Adjusted PS Ratio for today is 7.58.

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

HTGC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.79   Med: 7.73   Max: 9.52
Current: 7.6

During the past years, Hercules Capital's highest Cyclically Adjusted PS Ratio was 9.52. The lowest was 3.79. And the median was 7.73.

HTGC's Cyclically Adjusted PS Ratio is ranked better than
53.14% of 860 companies
in the Asset Management industry
Industry Median: 8.16 vs HTGC: 7.60

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.

Hercules Capital's adjusted revenue per share data for the three months ended in Mar. 2025 was $0.415. 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 $2.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hercules Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hercules 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.

Hercules Capital Cyclically Adjusted PS Ratio Chart

Hercules Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.28 7.80 5.99 7.30 8.64

Hercules 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 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 7.92 8.75 8.37 8.64 8.25

Competitive Comparison of Hercules Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Hercules 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.


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

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

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


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Hercules 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.65/2.33
=7.58

* 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.

Hercules Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Hercules Capital's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.415/134.9266*134.9266
=0.415

Current CPI (Mar. 2025) = 134.9266.

Hercules Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.231 100.684 0.310
201509 0.277 100.392 0.372
201512 0.362 99.792 0.489
201603 0.367 100.470 0.493
201606 0.304 101.688 0.403
201609 0.586 101.861 0.776
201612 0.257 101.863 0.340
201703 0.104 102.862 0.136
201706 0.571 103.349 0.745
201709 0.554 104.136 0.718
201712 0.407 104.011 0.528
201803 0.227 105.290 0.291
201806 0.791 106.317 1.004
201809 0.517 106.507 0.655
201812 -0.016 105.998 -0.020
201903 0.816 107.251 1.027
201906 0.695 108.070 0.868
201909 0.342 108.329 0.426
201912 0.569 108.420 0.708
202003 -0.094 108.902 -0.116
202006 0.707 108.767 0.877
202009 0.526 109.815 0.646
202012 1.480 109.897 1.817
202103 0.728 111.754 0.879
202106 0.778 114.631 0.916
202109 0.381 115.734 0.444
202112 0.225 117.630 0.258
202203 0.153 121.301 0.170
202206 0.072 125.017 0.078
202209 0.564 125.227 0.608
202212 0.640 125.222 0.690
202303 0.858 127.348 0.909
202306 0.831 128.729 0.871
202309 0.350 129.860 0.364
202312 0.911 129.419 0.950
202403 0.733 131.776 0.751
202406 0.405 132.554 0.412
202409 0.560 133.029 0.568
202412 0.497 133.157 0.504
202503 0.415 134.927 0.415

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.


Hercules Capital  (NYSE:HTGC) 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.


Hercules Capital Cyclically Adjusted PS Ratio Related Terms

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


Hercules Capital Business Description

Traded in Other Exchanges
Address
1 North B Street, Suite 2000, San Mateo, CA, USA, 94401
Hercules Capital Inc is a specialty finance company that provides senior secured loans to high-growth, venture capital-backed companies in various technology, life sciences, and sustainable and renewable technology industries. It invests majorly in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The company lends to and invests in portfolio companies in various technology-related industries, including technology, drug discovery and development, biotechnology, life sciences, healthcare, and sustainable and renewable technology.
Executives
Scott Bluestein officer: Chief Investment Officer 303 COLUMBUS AVENUE, APT 506, BOSTON MA 02116
Nikos Theodosopoulos director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Deanne Aguirre director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Wade Loo director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Paramjeet K Randhawa director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Gayle A Crowell director
Thomas J Fallon director C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Robert P Badavas director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO IL 94301
Christian Follmann officer: Chief Operating Officer C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Kiersten Zaza Botelho officer: General Counsel & CCO C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Carol L Foster director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Seth H Meyer officer: Chief Financial Officer C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Jorge Titinger director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Doreen Woo Ho director C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Waldt Gerard R Jr. officer: Interim Chief Accounting Off 400 HAMILTON AVENUE SUITE 310, PALO ALTO CA 94301