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Pennant Park Investment (FRA:12P) Cyclically Adjusted PS Ratio : 11.46 (As of Jun. 08, 2024)


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What is Pennant Park Investment Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Pennant Park Investment's current share price is €6.991. Pennant Park Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.61. Pennant Park Investment's Cyclically Adjusted PS Ratio for today is 11.46.

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

FRA:12P' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.58   Med: 7.05   Max: 12.79
Current: 11.53

During the past years, Pennant Park Investment's highest Cyclically Adjusted PS Ratio was 12.79. The lowest was 2.58. And the median was 7.05.

FRA:12P's Cyclically Adjusted PS Ratio is ranked worse than
69.83% of 875 companies
in the Asset Management industry
Industry Median: 7.66 vs FRA:12P: 11.53

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.

Pennant Park Investment's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.279. 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 €0.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pennant Park Investment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pennant Park Investment'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.

Pennant Park Investment Cyclically Adjusted PS Ratio Chart

Pennant Park Investment Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.63 3.81 6.00 5.60 8.48

Pennant Park Investment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.83 7.46 8.48 9.72 10.27

Competitive Comparison of Pennant Park Investment's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Pennant Park 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.


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

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

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



Pennant Park Investment 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.

Pennant Park Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.991/0.61
=11.46

* 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.

Pennant Park Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Pennant Park Investment's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.279/131.7762*131.7762
=0.279

Current CPI (Mar. 2024) = 131.7762.

Pennant Park Investment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.417 100.560 0.546
201409 0.045 100.428 0.059
201412 -0.242 99.070 -0.322
201503 0.111 99.621 0.147
201506 0.079 100.684 0.103
201509 0.027 100.392 0.035
201512 -0.497 99.792 -0.656
201603 0.055 100.470 0.072
201606 0.355 101.688 0.460
201609 0.355 101.861 0.459
201612 0.327 101.863 0.423
201703 0.156 102.862 0.200
201706 0.294 103.349 0.375
201709 0.095 104.136 0.120
201712 0.143 104.011 0.181
201803 0.082 105.290 0.103
201806 0.218 106.317 0.270
201809 0.167 106.507 0.207
201812 0.105 105.998 0.131
201903 -0.007 107.251 -0.009
201906 0.095 108.070 0.116
201909 0.191 108.329 0.232
201912 0.277 108.420 0.337
202003 -0.794 108.902 -0.961
202006 0.201 108.767 0.244
202009 0.166 109.815 0.199
202012 0.888 109.897 1.065
202103 0.499 111.754 0.588
202106 0.408 114.631 0.469
202109 0.332 115.734 0.378
202112 0.441 117.630 0.494
202203 0.075 121.301 0.081
202206 -0.116 125.017 -0.122
202209 -0.553 125.227 -0.582
202212 -1.009 125.222 -1.062
202303 0.106 127.348 0.110
202306 0.364 128.729 0.373
202309 0.235 129.860 0.238
202312 0.173 129.419 0.176
202403 0.279 131.776 0.279

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.


Pennant Park Investment  (FRA:12P) 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.


Pennant Park Investment Cyclically Adjusted PS Ratio Related Terms

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


Pennant Park Investment (FRA:12P) Business Description

Traded in Other Exchanges
Address
1691 Michigan Avenue, Miami Beach, FL, USA, 33139
Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in United States middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates majority of its revenue from interest and dividends received from investments made.

Pennant Park Investment (FRA:12P) Headlines

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