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Main Street Capital (Main Street Capital) Cyclically Adjusted PS Ratio : 11.31 (As of May. 17, 2024)


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What is Main Street Capital Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Main Street Capital's current share price is $48.75. Main Street Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $4.31. Main Street Capital's Cyclically Adjusted PS Ratio for today is 11.31.

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

MAIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.15   Med: 11.76   Max: 14.92
Current: 11.28

During the past years, Main Street Capital's highest Cyclically Adjusted PS Ratio was 14.92. The lowest was 5.15. And the median was 11.76.

MAIN's Cyclically Adjusted PS Ratio is ranked worse than
70.89% of 876 companies
in the Asset Management industry
Industry Median: 7.41 vs MAIN: 11.28

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.

Main Street Capital's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.563. 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 $4.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Main Street Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Main Street 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.

Main Street Capital Cyclically Adjusted PS Ratio Chart

Main Street Capital 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 12.46 9.76 12.07 9.62 10.30

Main Street 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 10.04 9.94 9.90 10.30 10.97

Competitive Comparison of Main Street Capital's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Main Street 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.


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

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

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



Main Street 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.75/4.31
=11.31

* 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.

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

For example, Main Street 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)
=1.563/131.7762*131.7762
=1.563

Current CPI (Mar. 2024) = 131.7762.

Main Street Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.913 100.560 1.196
201409 0.864 100.428 1.134
201412 0.568 99.070 0.756
201503 0.905 99.621 1.197
201506 0.879 100.684 1.150
201509 0.478 100.392 0.627
201512 0.249 99.792 0.329
201603 0.422 100.470 0.553
201606 0.769 101.688 0.997
201609 0.968 101.861 1.252
201612 1.041 101.863 1.347
201703 0.717 102.862 0.919
201706 0.958 103.349 1.222
201709 0.841 104.136 1.064
201712 1.395 104.011 1.767
201803 0.718 105.290 0.899
201806 1.133 106.317 1.404
201809 1.347 106.507 1.667
201812 0.282 105.998 0.351
201903 0.888 107.251 1.091
201906 0.815 108.070 0.994
201909 0.606 108.329 0.737
201912 0.364 108.420 0.442
202003 -2.672 108.902 -3.233
202006 0.684 108.767 0.829
202009 1.342 109.815 1.610
202012 1.347 109.897 1.615
202103 0.987 111.754 1.164
202106 1.683 114.631 1.935
202109 1.579 115.734 1.798
202112 1.704 117.630 1.909
202203 1.127 121.301 1.224
202206 0.522 125.017 0.550
202209 0.961 125.227 1.011
202212 1.632 125.222 1.717
202303 1.282 127.348 1.327
202306 1.612 128.729 1.650
202309 1.501 129.860 1.523
202312 1.813 129.419 1.846
202403 1.563 131.776 1.563

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.


Main Street Capital  (NYSE:MAIN) 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.


Main Street Capital Cyclically Adjusted PS Ratio Related Terms

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


Main Street Capital (Main Street Capital) Business Description

Traded in Other Exchanges
Address
1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies. The investment portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies that operate in diverse industry sectors. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle market companies based in the US. Business functioned through the U.S. region and it derives the majority of its income from the source of fees, commission, and interest.
Executives
Jason B Beauvais officer: VP, General Counsel, Secretary 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
John Earl Jackson director 12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Nicholas Meserve officer: Managing Director 1300 POST OAK BLVD., STE 800, HOUSTON TX 77056
Ryan Robert Nelson officer: VP, CAO, Assistant Treasurer 2445 TECHNOLOGY FOREST BLVD., STE 800, THE WOODLANDS TX 77381
Dwayne L. Hyzak officer: Senior Vice President 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
David L. Magdol officer: Senior Vice President 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Vincent D Foster director, officer: Chief Executive Officer QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008
Lance A Parker officer: VP, CHIEF ACCOUNTING OFFICER 800 GESSNER, SUITE 500, HOUSTON TX 77024
Dunia A Shive director 14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Beverly Kay Matthews director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Jesse E Morris officer: EVP , CFO AND COO 2800 POST OAK BLVD., STE. 2600, HOUSTON TX 77056
Arthur L. French director 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Brent D. Smith officer: SVP - Finance 2500 CITYWEST BOULEVARD, SUITE 2200, HOUSTON TX 77042
Rodger A. Stout officer: CAO, CCO & Secretary 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Valerie Lebeaux Banner director 35 BROAD OAKS ESTATES LANE, HOUSTON TX 77056