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Gladstone Capital (Gladstone Capital) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Gladstone Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gladstone Capital's Cyclically Adjusted Price-to-FCF 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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Gladstone Capital Cyclically Adjusted Price-to-FCF Chart

Gladstone Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Gladstone Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Gladstone Capital's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Gladstone Capital's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gladstone Capital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Gladstone Capital's Cyclically Adjusted Price-to-FCF falls into.



Gladstone Capital Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Gladstone Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Gladstone Capital's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.203/129.4194*129.4194
=-1.203

Current CPI (Dec. 2023) = 129.4194.

Gladstone Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.020 99.695 -1.324
201406 1.058 100.560 1.362
201409 0.121 100.428 0.156
201412 -4.031 99.070 -5.266
201503 -2.607 99.621 -3.387
201506 1.645 100.684 2.114
201509 -2.095 100.392 -2.701
201512 5.824 99.792 7.553
201603 -0.222 100.470 -0.286
201606 -0.991 101.688 -1.261
201609 0.696 101.861 0.884
201612 2.540 101.863 3.227
201703 -1.663 102.862 -2.092
201706 -1.897 103.349 -2.376
201709 0.076 104.136 0.094
201712 -2.784 104.011 -3.464
201803 0.341 105.290 0.419
201806 0.756 106.317 0.920
201809 0.308 106.507 0.374
201812 -3.046 105.998 -3.719
201903 3.722 107.251 4.491
201906 -0.736 108.070 -0.881
201909 0.672 108.329 0.803
201912 -1.594 108.420 -1.903
202003 0.237 108.902 0.282
202006 -2.196 108.767 -2.613
202009 0.561 109.815 0.661
202012 0.760 109.897 0.895
202103 -1.035 111.754 -1.199
202106 0.718 114.631 0.811
202109 -1.249 115.734 -1.397
202112 -0.338 117.630 -0.372
202203 2.533 121.301 2.703
202206 -3.280 125.017 -3.396
202209 -3.351 125.227 -3.463
202212 1.961 125.222 2.027
202303 -2.559 127.348 -2.601
202306 -1.137 128.729 -1.143
202309 1.150 129.860 1.146
202312 -1.203 129.419 -1.203

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Gladstone Capital  (NAS:GLAD) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Gladstone Capital Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Gladstone Capital's Cyclically Adjusted Price-to-FCF 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