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GCP Infrastructure Investments (LSE:GCP) Cyclically Adjusted Book per Share : £1.29 (As of Mar. 2024)


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What is GCP Infrastructure Investments Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

GCP Infrastructure Investments's adjusted book value per share data for the fiscal year that ended in Sep. 2023 was £1.098. 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 £1.29 for the trailing ten years ended in Sep. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of GCP Infrastructure Investments was 5.10% per year. The lowest was 5.10% per year. And the median was 5.10% per year.

As of today (2024-12-11), GCP Infrastructure Investments's current stock price is £ 0.715. GCP Infrastructure Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep. 2023 was £1.29. GCP Infrastructure Investments's Cyclically Adjusted PB Ratio of today is 0.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GCP Infrastructure Investments was 1.05. The lowest was 0.47. And the median was 0.81.


GCP Infrastructure Investments Cyclically Adjusted Book per Share Historical Data

The historical data trend for GCP Infrastructure Investments's Cyclically Adjusted Book per Share 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.

GCP Infrastructure Investments Cyclically Adjusted Book per Share Chart

GCP Infrastructure Investments Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.11 1.15 1.23 1.29

GCP Infrastructure Investments Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Cyclically Adjusted Book per Share 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 - 1.23 - 1.29 -

Competitive Comparison of GCP Infrastructure Investments's Cyclically Adjusted Book per Share

For the Asset Management subindustry, GCP Infrastructure Investments'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.


GCP Infrastructure Investments's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GCP Infrastructure Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where GCP Infrastructure Investments's Cyclically Adjusted PB Ratio falls into.



GCP Infrastructure Investments Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, GCP Infrastructure Investments's adjusted Book Value per Share data for the fiscal year that ended in Sep. 2023 was:

Adj_Book=Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1.098/129.8595*129.8595
=1.098

Current CPI (Sep. 2023) = 129.8595.

GCP Infrastructure Investments Annual Data

Book Value per Share CPI Adj_Book
201409 1.045 100.428 1.351
201509 1.075 100.392 1.391
201609 1.097 101.861 1.399
201709 1.106 104.136 1.379
201809 1.125 106.507 1.372
201909 1.117 108.329 1.339
202009 1.040 109.815 1.230
202109 1.039 115.734 1.166
202209 1.128 125.227 1.170
202309 1.098 129.860 1.098

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


GCP Infrastructure Investments  (LSE:GCP) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

GCP Infrastructure Investments's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.715/1.29
=0.55

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GCP Infrastructure Investments was 1.05. The lowest was 0.47. And the median was 0.81.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


GCP Infrastructure Investments Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of GCP Infrastructure Investments's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


GCP Infrastructure Investments Business Description

Traded in Other Exchanges
Address
IFC 5, Saint Helier, JEY, JE1 1ST
GCP Infrastructure Investments Ltd is a closed-ended investment company. The company's investment objectives are to provide its shareholders with regular, sustained, long-term distributions and to preserve the capital value of its investment assets over the long term, by generating exposure to subordinated private finance initiative (PFI) debt and similar assets. It mainly makes investments in subordinated debt instruments issued by infrastructure project companies and assets with a similar economic effect. The company also acquires the senior debt of infrastructure project companies. The company makes use of leverage to finance the acquisition of investments and enhance returns to investors as well as the gearing of investments.

GCP Infrastructure Investments Headlines

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