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OFS Capital (OFS Capital) Cyclically Adjusted PS Ratio : 5.34 (As of Apr. 27, 2024)


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What is OFS Capital Cyclically Adjusted PS Ratio?

As of today (2024-04-27), OFS Capital's current share price is $9.455. OFS Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $1.77. OFS Capital's Cyclically Adjusted PS Ratio for today is 5.34.

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

OFS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.42   Med: 5.82   Max: 9.31
Current: 5.51

During the past years, OFS Capital's highest Cyclically Adjusted PS Ratio was 9.31. The lowest was 3.42. And the median was 5.82.

OFS's Cyclically Adjusted PS Ratio is ranked better than
59.59% of 876 companies
in the Asset Management industry
Industry Median: 7.44 vs OFS: 5.51

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.

OFS Capital's adjusted revenue per share data for the three months ended in Dec. 2023 was $-0.211. 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 $1.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


OFS Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for OFS Capital'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.

OFS Capital Cyclically Adjusted PS Ratio Chart

OFS Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.84 5.82 5.88 5.53 6.63

OFS 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 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 5.53 5.57 5.48 6.16 6.63

Competitive Comparison of OFS Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, OFS 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.


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

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

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



OFS Capital 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.

OFS Capital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.455/1.77
=5.34

* 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.

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

For example, OFS 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)
=-0.211/129.4194*129.4194
=-0.211

Current CPI (Dec. 2023) = 129.4194.

OFS Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.354 99.695 0.460
201406 0.165 100.560 0.212
201409 0.506 100.428 0.652
201412 0.416 99.070 0.543
201503 0.456 99.621 0.592
201506 0.868 100.684 1.116
201509 0.234 100.392 0.302
201512 0.745 99.792 0.966
201603 0.342 100.470 0.441
201606 0.548 101.688 0.697
201609 0.329 101.861 0.418
201612 0.600 101.863 0.762
201703 0.598 102.862 0.752
201706 -0.088 103.349 -0.110
201709 0.149 104.136 0.185
201712 0.379 104.011 0.472
201803 0.371 105.290 0.456
201806 0.439 106.317 0.534
201809 0.467 106.507 0.567
201812 -0.225 105.998 -0.275
201903 0.358 107.251 0.432
201906 0.333 108.070 0.399
201909 0.219 108.329 0.262
201912 0.146 108.420 0.174
202003 -2.313 108.902 -2.749
202006 0.673 108.767 0.801
202009 1.436 109.815 1.692
202012 0.970 109.897 1.142
202103 0.578 111.754 0.669
202106 1.767 114.631 1.995
202109 1.085 115.734 1.213
202112 1.656 117.630 1.822
202203 0.805 121.301 0.859
202206 -0.792 125.017 -0.820
202209 -0.618 125.227 -0.639
202212 0.284 125.222 0.294
202303 0.385 127.348 0.391
202306 -0.055 128.729 -0.055
202309 0.239 129.860 0.238
202312 -0.211 129.419 -0.211

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.


OFS Capital  (NAS:OFS) 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.


OFS Capital Cyclically Adjusted PS Ratio Related Terms

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


OFS Capital (OFS Capital) Business Description

Traded in Other Exchanges
Address
10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606
OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing primarily in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.
Executives
Kyle Spina officer: Chief Accounting Officer 10 S. WACKER DR, SUITE 2500, CHICAGO IL 60606
Orchard First Source Asset Management Holdings, Llc 10 percent owner 10 SOUTH WACKER, SUITE 2500, CHICAGO IL 60606
Ross Teune officer: Chief Accounting Officer 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ashwin Ranganathan director 4700 WILSHIRE BLVD, LOS ANGELES CA 90010
Orchard Investments, Llc 10 percent owner 4700 WILSHIRE BLVD., LOS ANGELES CA 90010
Romita Shetty director 70 E 55TH STREET, FLOOR 21, NEW YORK NY 10022
Mukya Porter officer: Chief Compliance Officer 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Jeffery S. Owen officer: Chief Accounting Officer C/O OFS CAPITAL CORPORATION, 10 S. WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Richard S Ressler 10 percent owner C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Jeffrey A Cerny officer: CFO and Treasurer 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Bilal Rashid director 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Elaine Healy director
Oi3 2019 Trust 10 percent owner 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Oi3, Llc 10 percent owner 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Eric P. Rubenfeld officer: Chief Compliance Officer 2850 WEST GOLF ROAD, 5TH FLOOR, ROLLING MEADOWS IL 60008