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Fidus Investment (Fidus Investment) Cyclically Adjusted Revenue per Share : $2.97 (As of Dec. 2023)


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What is Fidus Investment 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.

Fidus Investment's adjusted revenue per share for the three months ended in Dec. 2023 was $1.027. 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 $2.97 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fidus Investment's average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.90% 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 Fidus Investment was 10.40% per year. The lowest was 9.90% per year. And the median was 10.15% per year.

As of today (2024-04-27), Fidus Investment's current stock price is $20.41. Fidus Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $2.97. Fidus Investment's Cyclically Adjusted PS Ratio of today is 6.87.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fidus Investment was 7.79. The lowest was 2.72. And the median was 6.73.


Fidus Investment Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Fidus Investment'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.

Fidus Investment Cyclically Adjusted Revenue per Share Chart

Fidus Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.11 2.24 2.72 2.84 2.97

Fidus Investment 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 2.84 2.91 2.86 2.93 2.97

Competitive Comparison of Fidus Investment's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Fidus Investment'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.


Fidus Investment's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Fidus Investment 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, Fidus Investment'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)
=1.027/129.4194*129.4194
=1.027

Current CPI (Dec. 2023) = 129.4194.

Fidus Investment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.331 99.695 0.430
201406 0.324 100.560 0.417
201409 0.454 100.428 0.585
201412 0.548 99.070 0.716
201503 0.467 99.621 0.607
201506 0.450 100.684 0.578
201509 0.385 100.392 0.496
201512 0.566 99.792 0.734
201603 0.533 100.470 0.687
201606 0.810 101.688 1.031
201609 0.492 101.861 0.625
201612 0.746 101.863 0.948
201703 0.535 102.862 0.673
201706 0.485 103.349 0.607
201709 0.539 104.136 0.670
201712 0.631 104.011 0.785
201803 0.763 105.290 0.938
201806 0.383 106.317 0.466
201809 0.632 106.507 0.768
201812 0.550 105.998 0.672
201903 0.545 107.251 0.658
201906 0.216 108.070 0.259
201909 0.627 108.329 0.749
201912 0.894 108.420 1.067
202003 -0.977 108.902 -1.161
202006 0.400 108.767 0.476
202009 0.917 109.815 1.081
202012 1.297 109.897 1.527
202103 0.629 111.754 0.728
202106 1.128 114.631 1.274
202109 1.243 115.734 1.390
202112 2.297 117.630 2.527
202203 0.553 121.301 0.590
202206 0.407 125.017 0.421
202209 0.534 125.227 0.552
202212 0.755 125.222 0.780
202303 0.705 127.348 0.716
202306 0.578 128.729 0.581
202309 0.987 129.860 0.984
202312 1.027 129.419 1.027

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


Fidus Investment  (NAS:FDUS) 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.

Fidus Investment's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=20.41/2.97
=6.87

* 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 Fidus Investment was 7.79. The lowest was 2.72. And the median was 6.73.


Be Aware

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


Fidus Investment Cyclically Adjusted Revenue per Share Related Terms

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


Fidus Investment (Fidus Investment) Business Description

Traded in Other Exchanges
Address
1603 Orrington Avenue, Suite 1005, Evanston, IL, USA, 60201
Fidus Investment Corp is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company. The company provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The company invests in companies that possess some or all of the following attributes: predictable revenues; positive cash flows; defensible market positions; diversified customer and supplier bases; and management teams with operating discipline.
Executives
Charles D Hyman director 224 PONTE VEDRA PARK DRIVE, SUITE 200, PONTE VEDRA BEACH FL 32082
Edward H Ross director, officer: See Remarks
Shelby E Sherard officer: See Remarks 2215 SANDERS ROAD, SUITE 400, NORTHBROOK IL 60062
Edward X. Tune director C/O FIDUS INVESTMENT CORPORATION, 1603 ORRINGTON AVENUE, SUITE 1005, EVANSTON IL 60201
Anstiss Raymond L. Jr. director 1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201
Thomas Charles Lauer director, officer: President 1919 PENNSYLVANIA AVENUE, NW, SUITE 300, WASHINGTON DC 20006
Cary L Schaefer officer: See Remarks 1603 ORRINGTON AVE, STE 820, EVANSTON IL 60201
John A. Mazzarino director 1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201
Pinebridge Secondary Partners Ii Holdings, L.p. 10 percent owner 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Pinebridge Secondary Partners Ii Gp, L.p. 10 percent owner 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Charles G Phillips director
Wayne F Robinson director 1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201