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WHF (WhiteHorse Finance) Cyclically Adjusted PS Ratio : 5.06 (As of May. 23, 2025)


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What is WhiteHorse Finance Cyclically Adjusted PS Ratio?

As of today (2025-05-23), WhiteHorse Finance's current share price is $9.01. WhiteHorse Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $1.78. WhiteHorse Finance's Cyclically Adjusted PS Ratio for today is 5.06.

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

WHF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.99   Med: 6.64   Max: 7.74
Current: 5.05

During the past years, WhiteHorse Finance's highest Cyclically Adjusted PS Ratio was 7.74. The lowest was 4.99. And the median was 6.64.

WHF's Cyclically Adjusted PS Ratio is ranked better than
65.31% of 862 companies
in the Asset Management industry
Industry Median: 8.195 vs WHF: 5.05

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.

WhiteHorse Finance's adjusted revenue per share data for the three months ended in Mar. 2025 was $0.236. 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 $1.78 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


WhiteHorse Finance Cyclically Adjusted PS Ratio Historical Data

The historical data trend for WhiteHorse Finance'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.

WhiteHorse Finance Cyclically Adjusted PS Ratio Chart

WhiteHorse Finance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7.70 6.93 6.60 5.43

WhiteHorse Finance 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 6.65 6.58 6.43 5.43 5.42

Competitive Comparison of WhiteHorse Finance's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, WhiteHorse Finance'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.


WhiteHorse Finance's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where WhiteHorse Finance's Cyclically Adjusted PS Ratio falls into.


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WhiteHorse Finance 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.

WhiteHorse Finance's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.01/1.78
=5.06

* 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.

WhiteHorse Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, WhiteHorse Finance'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)
=0.236/134.9266*134.9266
=0.236

Current CPI (Mar. 2025) = 134.9266.

WhiteHorse Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.448 100.684 0.600
201509 0.152 100.392 0.204
201512 -0.854 99.792 -1.155
201603 0.345 100.470 0.463
201606 0.489 101.688 0.649
201609 0.505 101.861 0.669
201612 0.531 101.863 0.703
201703 0.565 102.862 0.741
201706 0.433 103.349 0.565
201709 0.477 104.136 0.618
201712 0.443 104.011 0.575
201803 0.717 105.290 0.919
201806 0.964 106.317 1.223
201809 0.978 106.507 1.239
201812 0.325 105.998 0.414
201903 0.385 107.251 0.484
201906 0.435 108.070 0.543
201909 0.385 108.329 0.480
201912 0.462 108.420 0.575
202003 -0.960 108.902 -1.189
202006 1.164 108.767 1.444
202009 1.097 109.815 1.348
202012 0.452 109.897 0.555
202103 0.455 111.754 0.549
202106 0.580 114.631 0.683
202109 0.460 115.734 0.536
202112 0.197 117.630 0.226
202203 0.304 121.301 0.338
202206 0.378 125.017 0.408
202209 0.219 125.227 0.236
202212 0.018 125.222 0.019
202303 0.390 127.348 0.413
202306 0.224 128.729 0.235
202309 0.289 129.860 0.300
202312 0.203 129.419 0.212
202403 0.322 131.776 0.330
202406 0.409 132.554 0.416
202409 -0.232 133.029 -0.235
202412 0.237 133.157 0.240
202503 0.236 134.927 0.236

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.


WhiteHorse Finance  (NAS:WHF) 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.


WhiteHorse Finance Cyclically Adjusted PS Ratio Related Terms

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


WhiteHorse Finance Business Description

Traded in Other Exchanges
Address
1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131
WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate risk-adjusted returns by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries.
Executives
John Bolduc director 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Anthony Tamer 10 percent owner 1001 SOUTH BAYSHORE DRIVE, STE 2708, MIAMI FL 33131
Sami Mnaymneh 10 percent owner 1001 SOUTH BAYSHORE DRIVE, STE 2708, MIAMI FL 33131
Marco A. Collazos officer: Chief Compliance Officer 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Stuart D Aronson director, officer: Chief Executive Officer C/O WHITEHORSE FINANCE, INC., 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Joyson Thomas officer: Chief Financial Officer C/O WHITEHORSE FINANCE, INC., 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
G Stacy Smith director 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Rick Patrick Frier director 11808 PLEASANT WYATT PLACE, CHARLOTTE NC 28277
Kevin Francis Burke director C/O WHITEHORSE FINANCE, INC., 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Rick D Puckett director 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Edward J. Giordano officer: Chief Financial Officer C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Gerhard Lombard officer: Chief Financial Officer 600 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10020
Carvell James Demus Iii director, officer: Chief Executive Officer 200 CRESCENT COURT, SUITE 1414, DALLAS TX 75201
Tom C Davis director DEAN FOODS COMPANY, 2515 MCKINNEY AVE STE 1200, DALLAS TX 75201
William D Markert director, officer: CHIEF OPERATING OFFICER EVP - NETWORK FINANCIAL MANAGEMENT, 1467 ASHBOURNE CIRCLE, SHAKOPEE MN 55379