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Main Street Capital (STU:13M) Cyclically Adjusted Revenue per Share : €4.00 (As of Mar. 2024)


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What is Main Street Capital Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2024 was €1.438. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €4.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Main Street Capital's average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Main Street Capital was 9.40% per year. The lowest was 3.40% per year. And the median was 4.50% per year.

As of today (2024-06-07), Main Street Capital's current stock price is €45.035. Main Street Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.00. Main Street Capital's Cyclically Adjusted PS Ratio of today is 11.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Main Street Capital was 14.92. The lowest was 5.15. And the median was 11.73.


Main Street Capital Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Main Street Capital's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Main Street Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.13 2.62 3.32 3.59 3.85

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 Revenue per Share 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 3.61 3.73 3.92 3.85 4.00

Competitive Comparison of Main Street Capital's Cyclically Adjusted Revenue per Share

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 Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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)
=1.438/131.7762*131.7762
=1.438

Current CPI (Mar. 2024) = 131.7762.

Main Street Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.672 100.560 0.881
201409 0.670 100.428 0.879
201412 0.461 99.070 0.613
201503 0.837 99.621 1.107
201506 0.783 100.684 1.025
201509 0.426 100.392 0.559
201512 0.229 99.792 0.302
201603 0.379 100.470 0.497
201606 0.684 101.688 0.886
201609 0.862 101.861 1.115
201612 0.987 101.863 1.277
201703 0.671 102.862 0.860
201706 0.853 103.349 1.088
201709 0.706 104.136 0.893
201712 1.179 104.011 1.494
201803 0.582 105.290 0.728
201806 0.970 106.317 1.202
201809 1.154 106.507 1.428
201812 0.248 105.998 0.308
201903 0.786 107.251 0.966
201906 0.722 108.070 0.880
201909 0.550 108.329 0.669
201912 0.328 108.420 0.399
202003 -2.418 108.902 -2.926
202006 0.608 108.767 0.737
202009 1.139 109.815 1.367
202012 1.107 109.897 1.327
202103 0.829 111.754 0.978
202106 1.397 114.631 1.606
202109 1.342 115.734 1.528
202112 1.508 117.630 1.689
202203 1.023 121.301 1.111
202206 0.494 125.017 0.521
202209 0.971 125.227 1.022
202212 1.541 125.222 1.622
202303 1.198 127.348 1.240
202306 1.488 128.729 1.523
202309 1.407 129.860 1.428
202312 1.662 129.419 1.692
202403 1.438 131.776 1.438

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Main Street Capital  (STU:13M) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=45.035/4
=11.26

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Main Street Capital was 14.92. The lowest was 5.15. And the median was 11.73.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Main Street Capital Cyclically Adjusted Revenue per Share Related Terms

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


Main Street Capital (STU:13M) 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.

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