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Gladstone Capital (Gladstone Capital) Cyclically Adjusted Revenue per Share : $2.86 (As of Dec. 2023)


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What is Gladstone 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.

Gladstone Capital's adjusted revenue per share for the three months ended in Dec. 2023 was $1.131. 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 $2.86 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Gladstone Capital's average Cyclically Adjusted Revenue Growth Rate was -3.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.10% 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 Gladstone Capital was 16.60% per year. The lowest was -8.50% per year. And the median was -4.15% per year.

As of today (2024-05-01), Gladstone Capital's current stock price is $21.42. Gladstone Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $2.86. Gladstone Capital's Cyclically Adjusted PS Ratio of today is 7.49.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Gladstone Capital was 12.04. The lowest was 3.82. And the median was 7.30.


Gladstone Capital Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Gladstone 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.

Gladstone Capital Cyclically Adjusted Revenue per Share Chart

Gladstone Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 1.85 2.66 3.03 2.93

Gladstone Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.95 3.09 3.20 2.93 2.86

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

For the Asset Management subindustry, Gladstone 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.


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

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

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



Gladstone 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, Gladstone Capital's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.131/129.4194*129.4194
=1.131

Current CPI (Dec. 2023) = 129.4194.

Gladstone Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.086 99.695 0.112
201406 -1.511 100.560 -1.945
201409 2.478 100.428 3.193
201412 0.334 99.070 0.436
201503 1.207 99.621 1.568
201506 0.604 100.684 0.776
201509 -0.147 100.392 -0.190
201512 -0.470 99.792 -0.610
201603 -0.234 100.470 -0.301
201606 0.765 101.688 0.974
201609 2.042 101.861 2.594
201612 0.359 101.863 0.456
201703 0.601 102.862 0.756
201706 0.728 103.349 0.912
201709 0.676 104.136 0.840
201712 0.782 104.011 0.973
201803 0.933 105.290 1.147
201806 1.134 106.317 1.380
201809 -0.491 106.507 -0.597
201812 -0.024 105.998 -0.029
201903 0.883 107.251 1.066
201906 0.835 108.070 1.000
201909 0.579 108.329 0.692
201912 0.220 108.420 0.263
202003 -1.621 108.902 -1.926
202006 1.119 108.767 1.331
202009 0.819 109.815 0.965
202012 0.934 109.897 1.100
202103 1.450 111.754 1.679
202106 1.223 114.631 1.381
202109 2.060 115.734 2.304
202112 0.904 117.630 0.995
202203 0.669 121.301 0.714
202206 -0.166 125.017 -0.172
202209 0.478 125.227 0.494
202212 0.525 125.222 0.543
202303 0.865 127.348 0.879
202306 0.865 128.729 0.870
202309 0.867 129.860 0.864
202312 1.131 129.419 1.131

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


Gladstone Capital  (NAS:GLAD) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=21.42/2.86
=7.49

* 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 Gladstone Capital was 12.04. The lowest was 3.82. And the median was 7.30.


Be Aware

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


Gladstone Capital Cyclically Adjusted Revenue per Share Related Terms

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


Gladstone Capital (Gladstone Capital) Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to, achieve and grow current income by investing in debt securities of established businesses that would provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit it to sell its equity investments for capital gains.
Executives
Paula Novara director 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Schaltenbrand Nicole Frances Dubas officer: CFO and Treasurer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michael Licalsi other: Affiliate of External Adviser 1521 WESTBRANCH DR., MCLEAN VA 22102
Robert L Marcotte officer: President 1100 WILSON BOULEVARD, SUITE 3000, ARLINGTON VA 22209
David Gladstone director, officer: CEO 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Caren D Merrick director 1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Terry Lee Brubaker director, officer: COO C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
John Dellafiora officer: Chief Compliance Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Melissa Morrison officer: Chief Accounting Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jennifer A Smith officer: Valuation Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michela A English director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Anthony W Parker director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Terry Earhart director 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Paul W Adelgren director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102