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Prospect Capital (FRA:RK8) Cyclically Adjusted Revenue per Share : €0.96 (As of Mar. 2024)


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What is Prospect Capital Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Prospect Capital's adjusted revenue per share for the three months ended in Mar. 2024 was €0.216. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €0.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Prospect Capital's average Cyclically Adjusted Revenue Growth Rate was -8.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Prospect Capital was 3.10% per year. The lowest was -9.60% per year. And the median was -7.80% per year.

As of today (2024-05-25), Prospect Capital's current stock price is €5.155. Prospect Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.96. Prospect Capital's Cyclically Adjusted PS Ratio of today is 5.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Prospect Capital was 8.14. The lowest was 3.87. And the median was 5.74.


Prospect Capital Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Prospect Capital's Cyclically Adjusted Revenue per Share 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.

Prospect Capital Cyclically Adjusted Revenue per Share Chart

Prospect Capital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.92 1.03 1.17 1.02

Prospect Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 1.03 1.02 1.02 0.95 0.96

Competitive Comparison of Prospect Capital's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Prospect 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.


Prospect Capital's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Prospect Capital Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Prospect Capital's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.216/131.7762*131.7762
=0.216

Current CPI (Mar. 2024) = 131.7762.

Prospect Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.201 100.560 0.263
201409 0.208 100.428 0.273
201412 0.216 99.070 0.287
201503 0.228 99.621 0.302
201506 0.319 100.684 0.418
201509 0.098 100.392 0.129
201512 -0.222 99.792 -0.293
201603 0.209 100.470 0.274
201606 0.304 101.688 0.394
201609 0.223 101.861 0.288
201612 0.284 101.863 0.367
201703 0.071 102.862 0.091
201706 0.217 103.349 0.277
201709 0.047 104.136 0.059
201712 0.291 104.011 0.369
201803 0.135 105.290 0.169
201806 0.303 106.317 0.376
201809 0.231 106.507 0.286
201812 -0.116 105.998 -0.144
201903 0.248 107.251 0.305
201906 0.082 108.070 0.100
201909 0.080 108.329 0.097
201912 0.024 108.420 0.029
202003 -0.440 108.902 -0.532
202006 0.373 108.767 0.452
202009 0.411 109.815 0.493
202012 0.696 109.897 0.835
202103 0.579 111.754 0.683
202106 0.508 114.631 0.584
202109 0.476 115.734 0.542
202112 0.567 117.630 0.635
202203 0.372 121.301 0.404
202206 -0.077 125.017 -0.081
202209 -0.206 125.227 -0.217
202212 0.142 125.222 0.149
202303 -0.163 127.348 -0.169
202306 0.041 128.729 0.042
202309 0.184 129.860 0.187
202312 -0.017 129.419 -0.017
202403 0.216 131.776 0.216

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Prospect Capital  (FRA:RK8) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Prospect Capital's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.155/0.96
=5.37

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Prospect Capital was 8.14. The lowest was 3.87. And the median was 5.74.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Prospect Capital Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Prospect Capital's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Prospect Capital (FRA:RK8) Business Description

Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.

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