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Gladstone Capital (Gladstone Capital) Cyclically Adjusted PS Ratio : 6.86 (As of May. 27, 2024)


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What is Gladstone Capital Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Gladstone Capital's current share price is $22.28. Gladstone Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $3.25. Gladstone Capital's Cyclically Adjusted PS Ratio for today is 6.86.

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

GLAD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.82   Med: 7.19   Max: 12.04
Current: 6.85

During the past years, Gladstone Capital's highest Cyclically Adjusted PS Ratio was 12.04. The lowest was 3.82. And the median was 7.19.

GLAD's Cyclically Adjusted PS Ratio is ranked better than
54.2% of 869 companies
in the Asset Management industry
Industry Median: 7.56 vs GLAD: 6.85

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.

Gladstone Capital's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.587. 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 $3.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gladstone 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.

Gladstone Capital Cyclically Adjusted PS Ratio Chart

Gladstone Capital 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 9.44 8.00 8.48 5.60 6.40

Gladstone Capital 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 5.92 5.93 6.40 7.26 6.60

Competitive Comparison of Gladstone Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Gladstone 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.


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

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

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



Gladstone 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.28/3.25
=6.86

* 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.

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

For example, Gladstone Capital'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)
=2.587/131.7762*131.7762
=2.587

Current CPI (Mar. 2024) = 131.7762.

Gladstone Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 -1.511 100.560 -1.980
201409 2.478 100.428 3.252
201412 0.334 99.070 0.444
201503 1.207 99.621 1.597
201506 0.604 100.684 0.791
201509 -0.147 100.392 -0.193
201512 -0.470 99.792 -0.621
201603 -0.234 100.470 -0.307
201606 0.765 101.688 0.991
201609 2.042 101.861 2.642
201612 0.359 101.863 0.464
201703 0.601 102.862 0.770
201706 0.728 103.349 0.928
201709 0.676 104.136 0.855
201712 0.782 104.011 0.991
201803 0.933 105.290 1.168
201806 1.134 106.317 1.406
201809 -0.491 106.507 -0.607
201812 -0.024 105.998 -0.030
201903 0.883 107.251 1.085
201906 0.835 108.070 1.018
201909 0.579 108.329 0.704
201912 0.220 108.420 0.267
202003 -1.621 108.902 -1.961
202006 1.119 108.767 1.356
202009 0.819 109.815 0.983
202012 0.934 109.897 1.120
202103 1.450 111.754 1.710
202106 1.223 114.631 1.406
202109 2.060 115.734 2.346
202112 0.904 117.630 1.013
202203 0.669 121.301 0.727
202206 -0.166 125.017 -0.175
202209 0.478 125.227 0.503
202212 0.525 125.222 0.552
202303 1.730 127.348 1.790
202306 0.865 128.729 0.885
202309 0.867 129.860 0.880
202312 1.131 129.419 1.152
202403 2.587 131.776 2.587

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.


Gladstone Capital  (NAS:GLAD) 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.


Gladstone Capital Cyclically Adjusted PS Ratio Related Terms

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


Gladstone Capital (Gladstone Capital) Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to, achieve and grow current income by investing in debt securities of established businesses that would provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit it to sell its equity investments for capital gains.
Executives
Paula Novara director 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Schaltenbrand Nicole Frances Dubas officer: CFO and Treasurer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michael Licalsi other: Affiliate of External Adviser 1521 WESTBRANCH DR., MCLEAN VA 22102
Robert L Marcotte officer: President 1100 WILSON BOULEVARD, SUITE 3000, ARLINGTON VA 22209
David Gladstone director, officer: CEO 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Caren D Merrick director 1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Terry Lee Brubaker director, officer: COO C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
John Dellafiora officer: Chief Compliance Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Melissa Morrison officer: Chief Accounting Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jennifer A Smith officer: Valuation Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michela A English director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Anthony W Parker director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Terry Earhart director 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Paul W Adelgren director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102

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