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Oaktree Specialty Lending (Oaktree Specialty Lending) Cyclically Adjusted PS Ratio : 17.74 (As of Apr. 30, 2024)


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What is Oaktree Specialty Lending Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Oaktree Specialty Lending's current share price is $19.87. Oaktree Specialty Lending's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $1.12. Oaktree Specialty Lending's Cyclically Adjusted PS Ratio for today is 17.74.

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

OCSL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.77   Med: 13.37   Max: 19.23
Current: 17.76

During the past years, Oaktree Specialty Lending's highest Cyclically Adjusted PS Ratio was 19.23. The lowest was 4.77. And the median was 13.37.

OCSL's Cyclically Adjusted PS Ratio is ranked worse than
88.86% of 368 companies
in the Credit Services industry
Industry Median: 2.875 vs OCSL: 17.76

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.

Oaktree Specialty Lending's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.152. 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 $1.12 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oaktree Specialty Lending Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Oaktree Specialty Lending'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.

Oaktree Specialty Lending Cyclically Adjusted PS Ratio Chart

Oaktree Specialty Lending 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 9.36 11.60 13.73 13.26 16.71

Oaktree Specialty Lending Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 15.84 15.13 15.98 16.71 18.29

Competitive Comparison of Oaktree Specialty Lending's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, Oaktree Specialty Lending'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.


Oaktree Specialty Lending's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

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

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



Oaktree Specialty Lending 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.

Oaktree Specialty Lending's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.87/1.12
=17.74

* 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.

Oaktree Specialty Lending's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Oaktree Specialty Lending's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.152/129.4194*129.4194
=0.152

Current CPI (Dec. 2023) = 129.4194.

Oaktree Specialty Lending Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.672 99.695 0.872
201406 0.474 100.560 0.610
201409 0.599 100.428 0.772
201412 -0.451 99.070 -0.589
201503 0.544 99.621 0.707
201506 0.443 100.684 0.569
201509 0.006 100.392 0.008
201512 -1.022 99.792 -1.325
201603 0.214 100.470 0.276
201606 -0.028 101.688 -0.036
201609 0.008 101.861 0.010
201612 -1.505 101.863 -1.912
201703 0.254 102.862 0.320
201706 -0.068 103.349 -0.085
201709 -2.571 104.136 -3.195
201712 -0.551 104.011 -0.686
201803 0.470 105.290 0.578
201806 0.526 106.317 0.640
201809 0.774 106.507 0.941
201812 0.622 105.998 0.759
201903 1.240 107.251 1.496
201906 0.483 108.070 0.578
201909 0.361 108.329 0.431
201912 0.446 108.420 0.532
202003 -3.462 108.902 -4.114
202006 2.593 108.767 3.085
202009 1.536 109.815 1.810
202012 1.440 109.897 1.696
202103 1.867 111.754 2.162
202106 0.838 114.631 0.946
202109 0.648 115.734 0.725
202112 0.700 117.630 0.770
202203 0.260 121.301 0.277
202206 -0.586 125.017 -0.607
202209 0.279 125.227 0.288
202212 0.240 125.222 0.248
202303 0.323 127.348 0.328
202306 0.492 128.729 0.495
202309 0.635 129.860 0.633
202312 0.152 129.419 0.152

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.


Oaktree Specialty Lending  (NAS:OCSL) 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.


Oaktree Specialty Lending Cyclically Adjusted PS Ratio Related Terms

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


Oaktree Specialty Lending (Oaktree Specialty Lending) Business Description

Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
Executives
Matthew Stewart officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Christopher Mckown officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Ashley Pak officer: Chief Compliance Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Mathew Pendo officer: Chief Operating Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Leonard M Tannenbaum director, officer: CEO and President 525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Deborah Ann Gero director 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Richard Ruben director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Armen Panossian officer: Chief Executive Officer 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Craig A Jacobson director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Melvin Carlisle officer: Chief Financial Officer C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bruce Zimmerman director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marc Gamsin director 1999 AVENUE OF THE STARS, SUITE 2150, LOS ANGELES CA 90067
John Frank director C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Edgar Lee officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071

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