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As of today (2024-06-04), Clough Global Equity Fund's current share price is $6.61. Clough Global Equity Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct23 was $15.15. Clough Global Equity Fund's Cyclically Adjusted PB Ratio for today is 0.44.
The historical rank and industry rank for Clough Global Equity Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past 13 years, Clough Global Equity Fund's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.32. And the median was 0.55.
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.
Clough Global Equity Fund's adjusted book value per share data of for the fiscal year that ended in Oct23 was $6.450. 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 $15.15 for the trailing ten years ended in Oct23.
The historical data trend for Clough Global Equity 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.
Clough Global Equity Fund Annual Data | |||||||||||||||||||||
Trend | Mar14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | - | 0.67 | 0.95 | 0.44 | 0.35 |
Clough Global Equity Fund Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | 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 | 0.95 | - | 0.44 | - | 0.35 |
For the Asset Management subindustry, Clough Global Equity 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.
For the Asset Management industry and Financial Services sector, Clough Global Equity Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Clough Global Equity Fund's Cyclically Adjusted PB Ratio falls into.
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.
Clough Global Equity Fund's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 6.61 | / | 15.15 | |
= | 0.44 |
* 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.
Clough Global Equity Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct23 is calculated as:
For example, Clough Global Equity Fund'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) |
= | 6.45 | / | 129.8097 | * | 129.8097 | |
= | 6.450 |
Current CPI (Oct23) = 129.8097.
Clough Global Equity Fund Annual Data
Book Value per Share | CPI | Adj_Book | |
201403 | 16.738 | 99.695 | 21.794 |
201510 | 14.738 | 100.346 | 19.065 |
201610 | 12.395 | 101.988 | 15.776 |
201710 | 14.156 | 104.070 | 17.657 |
201810 | 13.223 | 106.695 | 16.088 |
201910 | 12.639 | 108.577 | 15.111 |
202010 | 12.507 | 109.861 | 14.778 |
202110 | 15.109 | 116.696 | 16.807 |
202210 | 7.732 | 125.734 | 7.983 |
202310 | 6.450 | 129.810 | 6.450 |
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.
Clough Global Equity Fund (AMEX:GLQ) 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.
Thank you for viewing the detailed overview of Clough Global Equity Fund's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles Jr Clough | other: person affiliated w/ Inv. Adv. | 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109 |
Christopher Moore | officer: Secretary | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Jill Kerschen | officer: Treasurer | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Clough Capital Partners, L.p. | other: Investment Advisor of Fund | 53 STATE STREET, 27TH FLOOR, SUITE 2702, BOSTON MA 02109 |
Lainey Ejiasa | officer: President | 1290 BROADWAY, SUITE 1000, DENVER CO 80203 |
Dylan Riter Mikel | other: Assistant Treasurer | 2921 SOUTH COORS DRIVE, LAKEWOOD CO 80228 |
Adams Nicholas | other: Secretary | 1055 BROADWAY, 3RD FL, KANSAS CITY MT 64105 |
Ryan Johanson | officer: Treasurer | 1290 BROADWAY SUITE 1000, DENVER CO 80203 |
Alex James Marks | officer: Assistant Secretary | 1290 BROADWAY, SUITE 1000, DENVER CO 80203 |
Erich Rettinger | officer: Treasurer | 1290 BROADWAY SUITE 1100, DENVER CO 80203 |
Michael Jason Hearle | other: Person affiliated with Inv Adv | 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109 |
Kevin Joseph Mcnally | officer: Trustee | 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109 |
Kelly Mcewen | officer: Treasurer | 5050 S. SYRACUSE ST., SUITE 1100, DENVER CO 80237 |
Karen Ann Digravio | other: Trustee | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Jerry G Rutledge | director | 2745 SPRINGMEDE COURT, COLORADO SPRINGS CO 80906 |
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