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SVVC (Firsthand Technology Value Fund) Cyclically Adjusted PS Ratio : (As of May. 30, 2025)


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What is Firsthand Technology Value Fund Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Firsthand Technology Value Fund Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Firsthand Technology Value Fund'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.

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Firsthand Technology Value Fund Cyclically Adjusted PS Ratio Chart

Firsthand Technology Value Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
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Firsthand Technology Value Fund Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of Firsthand Technology Value Fund's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Firsthand Technology Value Fund'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.


Firsthand Technology Value Fund's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Firsthand Technology Value Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Firsthand Technology Value Fund's Cyclically Adjusted PS Ratio falls into.


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Firsthand Technology Value Fund 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.

Firsthand Technology Value Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Firsthand Technology Value Fund'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)
=-0.015/134.9266*134.9266
=-0.015

Current CPI (Mar. 2025) = 134.9266.

Firsthand Technology Value Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 -0.311 100.684 -0.417
201509 -1.805 100.392 -2.426
201512 -0.259 99.792 -0.350
201603 -0.996 100.470 -1.338
201606 -0.098 101.688 -0.130
201609 -1.214 101.861 -1.608
201612 -0.762 101.863 -1.009
201703 0.018 102.862 0.024
201706 -1.181 103.349 -1.542
201709 -0.014 104.136 -0.018
201712 5.203 104.011 6.750
201803 1.095 105.290 1.403
201806 1.089 106.317 1.382
201809 5.229 106.507 6.624
201812 -3.326 105.998 -4.234
201903 -0.530 107.251 -0.667
201906 -5.518 108.070 -6.889
201909 -0.770 108.329 -0.959
201912 -3.218 108.420 -4.005
202003 -6.385 108.902 -7.911
202006 3.046 108.767 3.779
202009 -0.848 109.815 -1.042
202012 1.038 109.897 1.274
202103 1.523 111.754 1.839
202106 -0.701 114.631 -0.825
202109 -1.200 115.734 -1.399
202112 -0.538 117.630 -0.617
202203 -1.035 121.301 -1.151
202206 -5.407 125.017 -5.836
202209 -1.610 125.227 -1.735
202212 -1.098 125.222 -1.183
202303 -0.661 127.348 -0.700
202306 -2.098 128.729 -2.199
202309 -1.825 129.860 -1.896
202312 0.123 129.419 0.128
202403 -0.573 131.776 -0.587
202406 0.146 132.554 0.149
202409 0.137 133.029 0.139
202412 -0.011 133.157 -0.011
202503 -0.015 134.927 -0.015

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.


Firsthand Technology Value Fund  (OTCPK:SVVC) 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.


Firsthand Technology Value Fund Cyclically Adjusted PS Ratio Related Terms

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Firsthand Technology Value Fund Business Description

Traded in Other Exchanges
N/A
Address
150 Almaden Boulevard, Suite 1250, San Jose, CA, USA, 95113
Firsthand Technology Value Fund Inc is an externally managed, non-diversified, closed-end management investment company. The Fund's investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. Its portfolio is predominantly composed of equity and equity derivative securities of illiquid private technology and cleantech companies but it may also invest in micro-cap publicly traded companies with market capitalizations of less than 250 million dollars.
Executives
Star Equity Fund, Lp 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jeffrey E. Eberwein 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc. 10 percent owner 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Kevin M Landis director, officer: President 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Greg Burglin director 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Mark F Fitzgerald director PO BOX 1168, GENOA NV 89411-1168
Kimun Lee director 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Omar Billawala officer: CFO 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Nicholas P Petredis director 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Steady Gain Partners Lp 10 percent owner 2000 ROYAL COURT, UNIT 2315, NORTH HILLS NY 11040
Full Value Offshore Fund, Ltd. 10 percent owner C.O MAPLES CORPORATE SERVICES LIMITED, P.O. BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104

Firsthand Technology Value Fund Headlines

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