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Schroderome Growth Fund (LSE:SCF) Cyclically Adjusted PB Ratio : 0.84 (As of Jun. 09, 2024)


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What is Schroderome Growth Fund Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Schroderome Growth Fund's current share price is £2.90. Schroderome Growth Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug23 was £3.47. Schroderome Growth Fund's Cyclically Adjusted PB Ratio for today is 0.84.

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

LSE:SCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.04   Max: 1.22
Current: 0.83

During the past 13 years, Schroderome Growth Fund's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.67. And the median was 1.04.

LSE:SCF's Cyclically Adjusted PB Ratio is ranked worse than
50.95% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs LSE:SCF: 0.83

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.

Schroderome Growth Fund's adjusted book value per share data of for the fiscal year that ended in Aug23 was £2.936. 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 £3.47 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Schroderome Growth Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Schroderome Growth Fund'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.

Schroderome Growth Fund Cyclically Adjusted PB Ratio Chart

Schroderome Growth Fund Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.85 1.05 0.88 0.77

Schroderome Growth Fund Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 0.88 - 0.77 -

Competitive Comparison of Schroderome Growth Fund's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Schroderome Growth Fund'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.


Schroderome Growth Fund's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Schroderome Growth Fund's Cyclically Adjusted PB Ratio falls into.



Schroderome Growth Fund 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.

Schroderome Growth Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.90/3.47
=0.84

* 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.

Schroderome Growth Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Schroderome Growth Fund's adjusted Book Value per Share data for the fiscal year that ended in Aug23 was:

Adj_Book=Book Value per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=2.936/129.4000*129.4000
=2.936

Current CPI (Aug23) = 129.4000.

Schroderome Growth Fund Annual Data

Book Value per Share CPI Adj_Book
201408 2.751 99.900 3.563
201508 2.739 100.300 3.534
201608 2.861 101.200 3.658
201708 3.155 104.000 3.926
201808 3.155 106.500 3.833
201908 2.977 108.300 3.557
202008 2.467 108.800 2.934
202108 3.166 112.100 3.655
202208 2.953 121.800 3.137
202308 2.936 129.400 2.936

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.


Schroderome Growth Fund  (LSE:SCF) 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.


Schroderome Growth Fund Cyclically Adjusted PB Ratio Related Terms

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


Schroderome Growth Fund (LSE:SCF) Business Description

Traded in Other Exchanges
Address
1 London Wall Place, London, GBR, EC2Y 5AU
Schroder Income Growth Fund PLC is an investment trust engaged in the business of asset management. It manages assets of institutional and retail investors, financial institutions, and high net worth individuals. The company's objective is to provide growth of income by investing mainly in above average yielding UK equities, fixed income, multi-asset, alternatives and real estate asset classes. It invests across the markets with a focus on building a diversified portfolio within a risk-controlled framework and also consists of research, portfolio construction, and review/sell discipline stages.

Schroderome Growth Fund (LSE:SCF) Headlines

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