Technically, clutches don't transfer power, they transfer torque. According to Dirk Starksen of Advanced Clutch Technology (ACT), the formula is T=NxRxFxP, where:
For stock clutches, N is 2, F is about 0.25, and P is 1500-1650 lbs, yielding a maximum hold of about 250 ft-lbs of torque.