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PFLT (PennantPark Floating Rate Capital) Cyclically Adjusted PS Ratio : 8.06 (As of May. 30, 2025)


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What is PennantPark Floating Rate Capital Cyclically Adjusted PS Ratio?

As of today (2025-05-30), PennantPark Floating Rate Capital's current share price is $10.24. PennantPark Floating Rate Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $1.27. PennantPark Floating Rate Capital's Cyclically Adjusted PS Ratio for today is 8.06.

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

PFLT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.01   Med: 8.63   Max: 9.89
Current: 8.09

During the past years, PennantPark Floating Rate Capital's highest Cyclically Adjusted PS Ratio was 9.89. The lowest was 7.01. And the median was 8.63.

PFLT's Cyclically Adjusted PS Ratio is ranked better than
50.52% of 863 companies
in the Asset Management industry
Industry Median: 8.15 vs PFLT: 8.09

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.

PennantPark Floating Rate Capital's adjusted revenue per share data for the three months ended in Mar. 2025 was $0.037. 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 $1.27 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PennantPark Floating Rate Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PennantPark Floating Rate 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.

PennantPark Floating Rate Capital Cyclically Adjusted PS Ratio Chart

PennantPark Floating Rate Capital Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.66 7.02 8.26 9.05

PennantPark Floating Rate 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 8.96 9.19 9.05 8.36 8.83

Competitive Comparison of PennantPark Floating Rate Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, PennantPark Floating Rate 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.


PennantPark Floating Rate Capital's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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


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PennantPark Floating Rate 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.

PennantPark Floating Rate Capital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.24/1.27
=8.06

* 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.

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

For example, PennantPark Floating Rate 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)
=0.037/134.9266*134.9266
=0.037

Current CPI (Mar. 2025) = 134.9266.

PennantPark Floating Rate Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.365 100.684 0.489
201509 0.203 100.392 0.273
201512 0.127 99.792 0.172
201603 0.126 100.470 0.169
201606 0.536 101.688 0.711
201609 0.622 101.861 0.824
201612 0.366 101.863 0.485
201703 0.282 102.862 0.370
201706 0.330 103.349 0.431
201709 0.373 104.136 0.483
201712 0.382 104.011 0.496
201803 0.436 105.290 0.559
201806 0.162 106.317 0.206
201809 0.318 106.507 0.403
201812 0.274 105.998 0.349
201903 -0.116 107.251 -0.146
201906 0.141 108.070 0.176
201909 0.215 108.329 0.268
201912 0.285 108.420 0.355
202003 -0.517 108.902 -0.641
202006 0.351 108.767 0.435
202009 0.466 109.815 0.573
202012 0.695 109.897 0.853
202103 0.322 111.754 0.389
202106 0.391 114.631 0.460
202109 0.190 115.734 0.222
202112 0.433 117.630 0.497
202203 0.302 121.301 0.336
202206 -0.101 125.017 -0.109
202209 -0.293 125.227 -0.316
202212 0.011 125.222 0.012
202303 0.101 127.348 0.107
202306 0.145 128.729 0.152
202309 0.502 129.860 0.522
202312 0.413 129.419 0.431
202403 0.544 131.776 0.557
202406 0.273 132.554 0.278
202409 0.434 133.029 0.440
202412 0.364 133.157 0.369
202503 0.037 134.927 0.037

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.


PennantPark Floating Rate Capital  (NYSE:PFLT) 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.


PennantPark Floating Rate Capital Cyclically Adjusted PS Ratio Related Terms

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


PennantPark Floating Rate Capital Business Description

Traded in Other Exchanges
Address
1691 Michigan Avenue, Miami Beach, FL, USA, 33139
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.
Executives
Jose A Briones director 55 PLEASANTVILLE ROAD, NEW VERNON NJ 07976
Allorto Richard T Jr officer: CFO and Treasurer C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Richard Cheung officer: See Remarks C/O CAREY CREDIT INCOME FUND, 330 MADISON AVENUE, NEW YORK NY 10017
Samuel L Katz director 9 WEST 57TH ST, NEW YORK NY 10019
Adam K Bernstein director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Aviv Efrat officer: CFO C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Arthur H Penn director, officer: Chairman and CEO, other: Investment Adviser
Jeffrey Flug director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Marshall Brozost director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022