SVVC (Firsthand Technology Value Fund) Cyclically Adjusted PS Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Firsthand Technology Value Fund Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Firsthand Technology Value Fund Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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.

Firsthand Technology Value Fund Cyclically Adjusted PS Ratio Chart

Firsthand Technology Value Fund 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 0.00 0.00 0.00 0.00 0.00

Firsthand Technology Value Fund Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

SVVC vs LGCP, BLK, BX: Cyclically Adjusted PS Ratio Comparison

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 Cyclically Adjusted PS Ratio vs 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.



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 Jun. 2026 is calculated as:

For example, Firsthand Technology Value Fund's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.001/333.9520*333.9520
=0.001

Current CPI (Jun. 2026) = 333.9520.

Firsthand Technology Value Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 -1.214 241.428 -1.679
201612 -0.762 241.432 -1.054
201703 0.018 243.801 0.025
201706 -1.181 244.955 -1.610
201709 -0.014 246.819 -0.019
201712 5.203 246.524 7.048
201803 1.095 249.554 1.465
201806 1.089 251.989 1.443
201809 5.229 252.439 6.917
201812 -3.326 251.233 -4.421
201903 -0.530 254.202 -0.696
201906 -5.518 256.143 -7.194
201909 -0.770 256.759 -1.001
201912 -3.218 256.974 -4.182
202003 -6.385 258.115 -8.261
202006 3.046 257.797 3.946
202009 -0.848 260.280 -1.088
202012 1.038 260.474 1.331
202103 1.523 264.877 1.920
202106 -0.701 271.696 -0.862
202109 -1.200 274.310 -1.461
202112 -0.538 278.802 -0.644
202203 -1.035 287.504 -1.202
202206 -5.407 296.311 -6.094
202209 -1.610 296.808 -1.811
202212 -1.098 296.797 -1.235
202303 -0.661 301.836 -0.731
202306 -2.098 305.109 -2.296
202309 -1.825 307.789 -1.980
202312 0.123 306.746 0.134
202403 -0.573 312.332 -0.613
202406 0.146 314.175 0.155
202409 0.137 315.301 0.145
202412 -0.011 315.605 -0.012
202503 -0.015 319.799 -0.016
202506 0.020 322.561 0.021
202509 -0.003 324.800 -0.003
202512 -0.003 324.054 -0.003
202603 -0.004 330.213 -0.004
202606 0.001 333.952 0.001

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 Business Description

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. The Fund invests in companies in various stages of maturity with the goal of achieving profitable exits via IPO or acquisition.