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Edinburgh Worldwide Investment Trust (LSE:EWI) Cyclically Adjusted PB Ratio : 0.70 (As of Jun. 03, 2024)


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What is Edinburgh Worldwide Investment Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-03), Edinburgh Worldwide Investment Trust's current share price is £1.436. Edinburgh Worldwide Investment Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct23 was £2.04. Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio for today is 0.70.

The historical rank and industry rank for Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:EWI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.4   Max: 3.14
Current: 0.71

During the past 13 years, Edinburgh Worldwide Investment Trust's highest Cyclically Adjusted PB Ratio was 3.14. The lowest was 0.64. And the median was 1.40.

LSE:EWI's Cyclically Adjusted PB Ratio is ranked better than
59.02% of 942 companies
in the Asset Management industry
Industry Median: 0.8 vs LSE:EWI: 0.71

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.

Edinburgh Worldwide Investment Trust's adjusted book value per share data of for the fiscal year that ended in Oct23 was £1.511. 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 £2.04 for the trailing ten years ended in Oct23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Edinburgh Worldwide Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Edinburgh Worldwide Investment Trust'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.

Edinburgh Worldwide Investment Trust Cyclically Adjusted PB Ratio Chart

Edinburgh Worldwide Investment Trust Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 2.17 1.95 0.88 0.61

Edinburgh Worldwide Investment Trust Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 1.95 - 0.88 - 0.61

Competitive Comparison of Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Edinburgh Worldwide Investment Trust'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.


Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio falls into.



Edinburgh Worldwide Investment Trust 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.

Edinburgh Worldwide Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.436/2.04
=0.70

* 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.

Edinburgh Worldwide Investment Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct23 is calculated as:

For example, Edinburgh Worldwide Investment Trust's adjusted Book Value per Share data for the fiscal year that ended in Oct23 was:

Adj_Book=Book Value per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=1.511/130.2000*130.2000
=1.511

Current CPI (Oct23) = 130.2000.

Edinburgh Worldwide Investment Trust Annual Data

Book Value per Share CPI Adj_Book
201410 0.842 100.100 1.095
201510 0.928 100.300 1.205
201610 1.096 101.600 1.405
201710 1.440 104.400 1.796
201810 1.652 106.700 2.016
201910 1.774 108.300 2.133
202010 2.799 109.200 3.337
202110 3.310 113.400 3.800
202210 1.977 124.300 2.071
202310 1.511 130.200 1.511

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.


Edinburgh Worldwide Investment Trust  (LSE:EWI) 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.


Edinburgh Worldwide Investment Trust Cyclically Adjusted PB Ratio Related Terms

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


Edinburgh Worldwide Investment Trust (LSE:EWI) Business Description

Traded in Other Exchanges
Address
Calton Square, 1 Greenside Row, Edinburgh, GBR, EH1 3AN
Edinburgh Worldwide Investment Trust PLC is an investment company with the objective to achieve long-term capital growth by investing in listed companies worldwide. It seeks to construct its portfolio through the identification of individual companies with business across North America, Asia, Australia, Africa, the Middle East and Europe. The firm invests mainly in information technology, materials, consumer discretionary, financials, industrials, health care sectors and communication Services. It manages portfolios of United States, Canadian and Asian clients and has a client base covering corporate, public and foundation assets.

Edinburgh Worldwide Investment Trust (LSE:EWI) Headlines

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