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Barings BDC (Barings BDC) Cyclically Adjusted PS Ratio : 8.47 (As of May. 02, 2024)


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What is Barings BDC Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Barings BDC's current share price is $9.49. Barings BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $1.12. Barings BDC's Cyclically Adjusted PS Ratio for today is 8.47.

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

BBDC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.07   Med: 5.85   Max: 8.78
Current: 8.25

During the past years, Barings BDC's highest Cyclically Adjusted PS Ratio was 8.78. The lowest was 3.07. And the median was 5.85.

BBDC's Cyclically Adjusted PS Ratio is ranked worse than
53.85% of 884 companies
in the Asset Management industry
Industry Median: 7.385 vs BBDC: 8.25

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.

Barings BDC's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.314. 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 $1.12 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barings BDC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Barings BDC'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.

Barings BDC Cyclically Adjusted PS Ratio Chart

Barings BDC 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 5.03 5.13 6.59 5.70 7.63

Barings BDC 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 5.70 5.74 6.00 7.40 7.63

Competitive Comparison of Barings BDC's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Barings BDC'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.


Barings BDC's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Barings BDC 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.

Barings BDC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.49/1.12
=8.47

* 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.

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

For example, Barings BDC'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)
=0.314/129.4194*129.4194
=0.314

Current CPI (Dec. 2023) = 129.4194.

Barings BDC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.641 99.695 0.832
201406 1.071 100.560 1.378
201409 -0.149 100.428 -0.192
201412 0.291 99.070 0.380
201503 0.455 99.621 0.591
201506 0.539 100.684 0.693
201509 0.699 100.392 0.901
201512 0.490 99.792 0.635
201603 0.686 100.470 0.884
201606 0.357 101.688 0.454
201609 0.332 101.861 0.422
201612 0.378 101.863 0.480
201703 0.296 102.862 0.372
201706 0.063 103.349 0.079
201709 -1.092 104.136 -1.357
201712 0.632 104.011 0.786
201803 0.423 105.290 0.520
201806 0.497 106.317 0.605
201809 -1.021 106.507 -1.241
201812 -0.844 105.998 -1.030
201903 0.690 107.251 0.833
201906 0.225 108.070 0.269
201909 0.131 108.329 0.157
201912 0.255 108.420 0.304
202003 -2.269 108.902 -2.696
202006 1.176 108.767 1.399
202009 0.931 109.815 1.097
202012 0.546 109.897 0.643
202103 0.379 111.754 0.439
202106 0.482 114.631 0.544
202109 0.256 115.734 0.286
202112 0.211 117.630 0.232
202203 0.284 121.301 0.303
202206 -0.179 125.017 -0.185
202209 0.115 125.227 0.119
202212 -0.002 125.222 -0.002
202303 0.395 127.348 0.401
202306 0.399 128.729 0.401
202309 0.196 129.860 0.195
202312 0.314 129.419 0.314

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.


Barings BDC  (NYSE:BBDC) 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.


Barings BDC Cyclically Adjusted PS Ratio Related Terms

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


Barings BDC (Barings BDC) Business Description

Traded in Other Exchanges
Address
300 South Tryon Street, Suite 2500, Charlotte, NC, USA, 28202
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately-held middle-market companies to help these companies fund acquisitions, growth or refinancing. Barings employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.
Executives
Michael Desieno officer: Chief Accounting Officer 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Stephen R Byers director C/O BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael James O'connor other: Adviser Board Member C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202
Sears Merritt other: Adviser Board Member C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202
Elizabeth A. Murray officer: Director of External Reporting BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Albert Perley officer: Assistant Treasurer BARINGS LLC, 300 SOUTH TRYON ST., STE 2500, CHARLOTTE NC 28202
Michael Freno director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Jeffrey Chillag officer: Director of Finance BARINGS LLC, 300 SOUTH TRYON STREET, STE 2500, CHARLOTTE NC 28202
Eric Partlan other: Adviser Board Member BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Geoff Craddock other: Adviser Board Member MASSACHUSETTS MUTUAL LIFE INSURANCE CO., ONE MARINA PARK DRIVE, BOSTON MA 02210
Thomas Okel director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Gregory Wayne Maccordy other: Chief Compliance Officer 6 LAMPLIGHT LANE, WESTPORT CT 06880
Ashlee Steinnerd officer: Chief Legal Officer BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Benjamin Tecmire officer: Chief Compliance Officer BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Valerie Lancaster-beal director SIERRA INCOME CORPORATION, 375 PARK AVE. SUITE 3304, NEW YORK NY 10152