The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, BlackRock TCP Capital's share price is $10.09.
BlackRock TCP Capital's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.85. Hence, BlackRock TCP Capital's PS Ratio for today is 11.94.
Good Sign:
BlackRock TCP Capital Corp stock PS Ratio (=11.32) is close to 1-year low of 11.32
The historical rank and industry rank for BlackRock TCP Capital's PS Ratio or its related term are showing as below:
TCPC'
s PS Ratio Range Over the Past 10 Years
Min: 3.95 Med: 9.12 Max: 782.35
Current: 11.8
During the past 13 years, BlackRock TCP Capital's highest PS Ratio was 782.35. The lowest was 3.95. And the median was 9.12.
TCPC's PS Ratio is ranked worse than 62.44% of 1411
companies
in the Asset Management industry
Industry Median: 8.26
vs TCPC: 11.80
BlackRock TCP Capital Corp revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of BlackRock TCP Capital was 1689.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -16.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -21.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -16.40% per year.
During the past 13 years, BlackRock TCP Capital's highest 3-Year average Revenue per Share Growth Rate was 53.30% per year. The lowest was -59.70% per year. And the median was -7.10% per year.
* 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.
Competitive Comparison of BlackRock TCP Capital's PS Ratio
For the Asset Management subindustry, BlackRock TCP Capital's PS Ratio, along with its competitors' market caps and 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.
BlackRock TCP Capital's PS Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's PS Ratio distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's PS Ratio falls into.
BlackRock TCP Capital PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
BlackRock TCP Capital's Share Price of today is $10.09. BlackRock TCP Capital's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.85.
* 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.
It can also be calculated from the numbers for the whole company:
BlackRock TCP Capital (NAS:TCPC) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
BlackRock TCP Capital PS Ratio Related Terms
Thank you for viewing the detailed overview of BlackRock TCP Capital's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock TCP Capital (BlackRock TCP Capital) Business Description
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve our investment objective primarily through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.
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