Main Street CapitalMAIN -0.25%68 Cyclically Adjusted PS Ratio is 10.23 as of Jul. 13, 2026, which is 13% below its 10-year median of 11.75. GuruFocus rates MAIN with a GF Score™ of 68/100 and a GF Value™ of $49.24 (Fairly Valued). The stock has 10 warning signs investors should review. Among 903 Asset Management companies, Main Street Capital ranks worse than 61.79% on this metric.
The historical rank and industry rank for Main Street Capital's Cyclically Adjusted PS Ratio or its related term are showing as below:
MAIN'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.15 Med: 11.75 Max: 14.92
Current: 10.27
During the past years, Main Street Capital's highest Cyclically Adjusted PS Ratio was 14.92. The lowest was 5.15. And the median was 11.75.
MAIN's Cyclically Adjusted PS Ratio is ranked worse than 61.79% of 903
companies
in the Asset Management industry
Industry Median: 7.61
vs MAIN: 10.27
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.
Main Street Capital's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.810. 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 $5.15 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Main Street Capital (NYSE:MAIN) 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.
Main Street Capital Cyclically Adjusted PS Ratio Related Terms
Main Street Capital Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Main Street 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.
Main Street Capital Cyclically Adjusted PS Ratio Chart
MAIN vs OTF, HASI, FHI: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Main Street 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.
Main Street Capital Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Main Street Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Main Street Capital's Cyclically Adjusted PS Ratio falls into.
Main Street 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.
Main Street Capital's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 10.23 mean?
Main Street Capital (MAIN) has a Cyclically Adjusted PS Ratio of 10.23 as of Jul. 13, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Main Street Capital and its competitors. This is 13% below median its historical median of 11.75. Over the past decade, Main Street Capital's Cyclically Adjusted PS Ratio has ranged from 5.15 to 14.92. According to the industry distribution chart, Main Street Capital ranks #558 out of 903 companies in the Asset Management industry, placing it in the top 61.8%.
Is Main Street Capital's Cyclically Adjusted PS Ratio too high?
Main Street Capital's current Cyclically Adjusted PS Ratio of 10.23 is 13% below median its 10-year median of 11.75. Over the past 10 years, this metric has ranged from a low of 5.15 to a high of 14.92. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.61. Main Street Capital's value of 10.23 is 34.4% above this industry median. Based on the distribution chart, Main Street Capital ranks #558 out of 903 companies in the Asset Management industry, which is below the industry midpoint. Overall, Main Street Capital has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Main Street Capital's Cyclically Adjusted PS Ratio compare to OTF and HASI?
According to the Asset Management industry distribution chart, Main Street Capital ranks #558 out of 903 companies for Cyclically Adjusted PS Ratio. This places Main Street Capital in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.61. Main Street Capital's value of 10.23 is 34.4% above this benchmark. Historically, Main Street Capital's own Cyclically Adjusted PS Ratio has ranged from 5.15 to 14.92 over the past decade. While the company's 10-year median is 11.75 vs. the industry median of 7.61, Main Street Capital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.61, based on 903 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Main Street Capital's current Cyclically Adjusted PS Ratio of 10.23 is 34.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Main Street Capital and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Main Street Capital's current Cyclically Adjusted PS Ratio is 10.23, which is 13% below median its own 10-year median of 11.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Main Street Capital stock overvalued right now?
Based on GuruFocus' analysis, Main Street Capital (MAIN) is currently considered Fairly Valued. The stock's GF Value™ is $49.24, compared to a current price of $52.71 — trading 7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.23, which is 13% below median its 10-year median of 11.75 and 34.4% above the Asset Management industry median of 7.61. Main Street Capital's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Main Street Capital (MAIN), the current Cyclically Adjusted PS Ratio is 10.23 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Main Street Capital (MAIN) Overvalued in 2026?
Based on GuruFocus' analysis, Main Street Capital stock appears to be overvalued.
The current stock price of $52.71 is trading 7% above its estimated GF Value™ of $49.24.
GuruFocus considers Main Street Capital to be Fairly Valued.
Key valuation signals for MAIN:
Cyclically Adjusted PS Ratio: 10.23 (13% below median its 10-year median of 11.75)
GF Value™: $49.24 vs. price of $52.71 (7% above fair value)
Industry Position: 34.4% above the Asset Management median (#558 of 903)
No single metric tells the full story. See the MAIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Main Street Capital Corp is a principal investment firm focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund. The group invests principally in secured debt investments, equity investments, warrants, and other securities of LMM companies, typically based in the U.S. The company operates as a single segment with a principal investment objective to maximize total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments.
68GF Score
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