FS KKR Capital (STU:FS5A) Cyclically Adjusted PS Ratio: 2.91 (As of Jul. 21, 2026) — 41% Below Median

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STU:FS5A FS KKR Capital Corp STU:FS5A
42 GF Score
Price €9.48
GF Value €21.07
Valuation Significantly Undervalued
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What is FS KKR Capital Cyclically Adjusted PS Ratio?

FS KKR Capital STU:FS5A -0.47% 42 Cyclically Adjusted PS Ratio is 2.91 as of Jul. 21, 2026, which is 41% below its 10-year median of 4.91. GuruFocus rates STU:FS5A with a GF Score™ of 42/100 and a GF Value™ of €21.07 (Significantly Undervalued). Among 904 Asset Management companies, FS KKR Capital ranks better than 77.65% on this metric.

As of today (2026-07-21), FS KKR Capital's current share price is €9.475. FS KKR Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.26. FS KKR Capital's Cyclically Adjusted PS Ratio for today is 2.91.

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

STU:FS5A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.59   Med: 4.91   Max: 6.79
Current: 2.88

During the past years, FS KKR Capital's highest Cyclically Adjusted PS Ratio was 6.79. The lowest was 2.59. And the median was 4.91.

STU:FS5A's Cyclically Adjusted PS Ratio is ranked better than
77.65% of 904 companies
in the Asset Management industry
Industry Median: 7.63 vs STU:FS5A: 2.88

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.

FS KKR Capital's adjusted revenue per share data for the three months ended in Mar. 2026 was €-1.319. 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 €3.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FS KKR Capital  (STU:FS5A) 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.


FS KKR Capital Cyclically Adjusted PS Ratio Related Terms


FS KKR Capital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FS KKR 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.

FS KKR Capital Cyclically Adjusted PS Ratio Chart

FS KKR Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.68 4.26 5.07 5.67 3.87

FS KKR Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.57 5.75 4.01 3.87 2.70

STU:FS5A vs HTGC, JPC, EXG: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, FS KKR 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.


FS KKR Capital Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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


STU:FS5A
42GF Score
FS KKR Capital Corp STU:FS5A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FS KKR 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.475/3.26
=2.91

* 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.

FS KKR Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, FS KKR Capital's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-1.319/330.2130*330.2130
=-1.319

Current CPI (Mar. 2026) = 330.2130.

FS KKR Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.101 241.018 2.879
201609 1.734 241.428 2.372
201612 0.949 241.432 1.298
201703 1.029 243.801 1.394
201706 0.324 244.955 0.437
201709 1.217 246.819 1.628
201712 0.292 246.524 0.391
201803 0.185 249.554 0.245
201806 -0.381 251.989 -0.499
201809 -0.072 252.439 -0.094
201812 7.714 251.233 10.139
201903 0.718 254.202 0.933
201906 0.719 256.143 0.927
201909 0.554 256.759 0.712
201912 -0.092 256.974 -0.118
202003 -5.012 258.115 -6.412
202006 -0.344 257.797 -0.441
202009 1.509 260.280 1.914
202012 1.089 260.474 1.381
202103 1.412 264.877 1.760
202106 4.808 271.696 5.844
202109 0.793 274.310 0.955
202112 0.601 278.802 0.712
202203 0.719 287.504 0.826
202206 -0.257 296.311 -0.286
202209 -0.460 296.808 -0.512
202212 0.284 296.797 0.316
202303 0.705 301.836 0.771
202306 0.508 305.109 0.550
202309 0.923 307.789 0.990
202312 0.422 306.746 0.454
202403 0.608 312.332 0.643
202406 0.381 314.175 0.400
202409 0.547 315.301 0.573
202412 0.627 315.605 0.656
202503 0.443 319.799 0.457
202506 -0.570 322.561 -0.584
202509 0.694 324.800 0.706
202512 -0.232 324.054 -0.236
202603 -1.319 330.213 -1.319

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.

What does a Cyclically Adjusted PS Ratio of 2.91 mean?
FS KKR Capital (STU:FS5A) has a Cyclically Adjusted PS Ratio of 2.91 as of Jul. 21, 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 FS KKR Capital and its competitors. This is 41% below median its historical median of 4.91. Over the past decade, FS KKR Capital's Cyclically Adjusted PS Ratio has ranged from 2.59 to 6.79. According to the industry distribution chart, FS KKR Capital ranks #202 out of 904 companies in the Asset Management industry, placing it in the top 22.3%.
Is FS KKR Capital's Cyclically Adjusted PS Ratio too high?
FS KKR Capital's current Cyclically Adjusted PS Ratio of 2.91 is 41% below median its 10-year median of 4.91. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 6.79. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. FS KKR Capital's value of 2.91 is 61.9% below this industry median. Based on the distribution chart, FS KKR Capital ranks #202 out of 904 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, FS KKR Capital has a GF Score™ of 42/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FS KKR Capital's Cyclically Adjusted PS Ratio compare to HTGC and JPC?
According to the Asset Management industry distribution chart, FS KKR Capital ranks #202 out of 904 companies for Cyclically Adjusted PS Ratio. This places FS KKR Capital in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.63. FS KKR Capital's value of 2.91 is 61.9% below this benchmark. Historically, FS KKR Capital's own Cyclically Adjusted PS Ratio has ranged from 2.59 to 6.79 over the past decade. While the company's 10-year median is 4.91 vs. the industry median of 7.63, FS KKR Capital has consistently been below 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 7.63, based on 904 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. FS KKR Capital's current Cyclically Adjusted PS Ratio of 2.91 is 61.9% below 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 FS KKR Capital and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS KKR Capital's current Cyclically Adjusted PS Ratio is 2.91, which is 41% below median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS KKR Capital stock overvalued right now?
Based on GuruFocus' analysis, FS KKR Capital (STU:FS5A) is currently considered Significantly Undervalued. The stock's GF Value™ is €21.07, compared to a current price of €9.48 — trading 55% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.91, which is 41% below median its 10-year median of 4.91 and 61.9% below the Asset Management industry median of 7.63. FS KKR Capital's overall GF Score™ is 42/100. 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 FS KKR Capital (STU:FS5A), the current Cyclically Adjusted PS Ratio is 2.91 as of Jul. 21, 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 FS KKR Capital (STU:FS5A) Overvalued in 2026?

Based on GuruFocus' analysis, FS KKR Capital stock appears to be undervalued. The current stock price of €9.48 is trading 55% below its estimated GF Value™ of €21.07. GuruFocus considers FS KKR Capital to be Significantly Undervalued.

Key valuation signals for STU:FS5A:

  • Cyclically Adjusted PS Ratio: 2.91 (41% below median its 10-year median of 4.91)
  • GF Value™: €21.07 vs. price of €9.48 (55% below fair value)
  • GF Score™: 42/100
  • Industry Position: 61.9% below the Asset Management median (#202 of 904)

No single metric tells the full story. See the STU:FS5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FS KKR Capital Business Description

Other Exchanges FSK:USA
Address 3025 JFK Boulevard, OFC 500, Philadelphia, PA, USA, 19104
FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.
42GF Score

Get the complete analysis for STU:FS5A

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.48
Price
€21.07
GF Value