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US Global Investors (US Global Investors) Cyclically Adjusted PB Ratio : 1.01 (As of Apr. 27, 2024)


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What is US Global Investors Cyclically Adjusted PB Ratio?

As of today (2024-04-27), US Global Investors's current share price is $2.69. US Global Investors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $2.66. US Global Investors's Cyclically Adjusted PB Ratio for today is 1.01.

The historical rank and industry rank for US Global Investors's Cyclically Adjusted PB Ratio or its related term are showing as below:

GROW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.12   Max: 5.46
Current: 1.01

During the past years, US Global Investors's highest Cyclically Adjusted PB Ratio was 5.46. The lowest was 0.40. And the median was 1.12.

GROW's Cyclically Adjusted PB Ratio is ranked worse than
67.42% of 927 companies
in the Asset Management industry
Industry Median: 0.77 vs GROW: 1.01

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.

US Global Investors's adjusted book value per share data for the three months ended in Dec. 2023 was $3.588. 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 $2.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


US Global Investors Cyclically Adjusted PB Ratio Historical Data

The historical data trend for US Global Investors'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.

US Global Investors Cyclically Adjusted PB Ratio Chart

US Global Investors Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.88 2.77 1.77 1.17

US Global Investors Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.14 1.03 1.17 1.07 1.06

Competitive Comparison of US Global Investors's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, US Global Investors'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.


US Global Investors's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, US Global Investors's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where US Global Investors's Cyclically Adjusted PB Ratio falls into.



US Global Investors 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.

US Global Investors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.69/2.66
=1.01

* 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.

US Global Investors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, US Global Investors's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.588/129.4194*129.4194
=3.588

Current CPI (Dec. 2023) = 129.4194.

US Global Investors Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.260 99.695 2.934
201406 2.272 100.560 2.924
201409 2.218 100.428 2.858
201412 2.099 99.070 2.742
201503 2.007 99.621 2.607
201506 1.858 100.684 2.388
201509 1.748 100.392 2.253
201512 1.639 99.792 2.126
201603 1.639 100.470 2.111
201606 1.609 101.688 2.048
201609 1.663 101.861 2.113
201612 1.632 101.863 2.074
201703 1.610 102.862 2.026
201706 1.572 103.349 1.969
201709 2.252 104.136 2.799
201712 2.574 104.011 3.203
201803 2.000 105.290 2.458
201806 1.686 106.317 2.052
201809 1.612 106.507 1.959
201812 1.382 105.998 1.687
201903 1.428 107.251 1.723
201906 1.435 108.070 1.718
201909 1.191 108.329 1.423
201912 1.118 108.420 1.335
202003 1.017 108.902 1.209
202006 1.112 108.767 1.323
202009 1.233 109.815 1.453
202012 2.330 109.897 2.744
202103 3.362 111.754 3.893
202106 3.613 114.631 4.079
202109 3.731 115.734 4.172
202112 3.931 117.630 4.325
202203 3.813 121.301 4.068
202206 3.596 125.017 3.723
202209 3.731 125.227 3.856
202212 3.530 125.222 3.648
202303 3.612 127.348 3.671
202306 3.584 128.729 3.603
202309 3.528 129.860 3.516
202312 3.588 129.419 3.588

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.


US Global Investors  (NAS:GROW) 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.


US Global Investors Cyclically Adjusted PB Ratio Related Terms

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


US Global Investors (US Global Investors) Business Description

Traded in Other Exchanges
Address
7900 Callaghan Road, San Antonio, TX, USA, 78229
US Global Investors Inc is a registered investment advisory firm. The company furnishes an investment program for each of the clients it manages and determines, subject to overall supervision by the applicable board of trustees of the clients, the clients investments pursuant to an advisory agreement. US Global manages the following business segments: Investment management services; Investment management services; and Corporate Investments. It derives all its revenue from Investment management services.
Executives
Frank E Holmes director, 10 percent owner, officer: CEO/CIO 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Jerold H Rubinstein director 9472 REMBERT LANE, BEVERLY HILLS CA 90210
Lydon Thomas F Jr director
Roy D Terracina director 7900 CALLAGHAN RD, SAN ANTONIO TX 78229
Lisa Callicotte officer: CFO 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Susan B Mcgee officer: President/General Counsel 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Catherine Ann Rademacher officer: Chief Financial Officer 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Praetorian Capital Management Llc 10 percent owner 3271 RIVIERA DRIVE, CORAL GABLES FL 33134
Tracy C Peterson officer: CFO/CAO