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Goldmanchs BDC (STU:GSB) Cyclically Adjusted PB Ratio : 0.74 (As of Jun. 01, 2024)


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What is Goldmanchs BDC Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Goldmanchs BDC's current share price is €13.978. Goldmanchs BDC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.77. Goldmanchs BDC's Cyclically Adjusted PB Ratio for today is 0.74.

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

STU:GSB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.71   Max: 0.78
Current: 0.75

During the past years, Goldmanchs BDC's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.63. And the median was 0.71.

STU:GSB's Cyclically Adjusted PB Ratio is ranked better than
55.07% of 946 companies
in the Asset Management industry
Industry Median: 0.795 vs STU:GSB: 0.75

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Goldmanchs BDC's adjusted book value per share data for the three months ended in Mar. 2024 was €13.390. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €18.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Goldmanchs BDC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Goldmanchs BDC's Cyclically Adjusted PB 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.

Goldmanchs BDC Cyclically Adjusted PB Ratio Chart

Goldmanchs BDC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.72

Goldmanchs BDC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 0.66 0.67 0.71 0.72 0.73

Competitive Comparison of Goldmanchs BDC's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Goldmanchs BDC's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Goldmanchs BDC's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Goldmanchs BDC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Goldmanchs BDC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.978/18.77
=0.74

* 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.

Goldmanchs BDC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Goldmanchs BDC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=13.39/131.7762*131.7762
=13.390

Current CPI (Mar. 2024) = 131.7762.

Goldmanchs BDC Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.579 100.560 19.105
201409 12.875 100.428 16.894
201412 13.170 99.070 17.518
201503 17.956 99.621 23.752
201506 17.341 100.684 22.696
201509 17.272 100.392 22.672
201512 17.412 99.792 22.993
201603 16.762 100.470 21.985
201606 16.384 101.688 21.232
201609 16.558 101.861 21.421
201612 17.355 101.863 22.452
201703 17.073 102.862 21.872
201706 16.221 103.349 20.683
201709 15.294 104.136 19.353
201712 15.283 104.011 19.363
201803 14.677 105.290 18.369
201806 15.479 106.317 19.186
201809 15.535 106.507 19.221
201812 15.512 105.998 19.284
201903 15.269 107.251 18.761
201906 15.227 108.070 18.567
201909 15.416 108.329 18.753
201912 15.074 108.420 18.321
202003 13.325 108.902 16.124
202006 13.440 108.767 16.283
202009 13.149 109.815 15.779
202012 13.076 109.897 15.679
202103 13.443 111.754 15.851
202106 13.318 114.631 15.310
202109 13.533 115.734 15.409
202112 14.032 117.630 15.720
202203 14.348 121.301 15.587
202206 14.696 125.017 15.491
202209 15.172 125.227 15.966
202212 13.789 125.222 14.511
202303 13.485 127.348 13.954
202306 13.465 128.729 13.784
202309 13.688 129.860 13.890
202312 13.407 129.419 13.651
202403 13.390 131.776 13.390

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Goldmanchs BDC  (STU:GSB) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Goldmanchs BDC Cyclically Adjusted PB Ratio Related Terms

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


Goldmanchs BDC (STU:GSB) Business Description

Traded in Other Exchanges
Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company's origination strategy focuses on leading the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.

Goldmanchs BDC (STU:GSB) Headlines

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