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US Global Investors (LTS:0LHX) Cyclically Adjusted Book per Share : $2.94 (As of Mar. 2025)


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What is US Global Investors 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.

US Global Investors's adjusted book value per share for the three months ended in Mar. 2025 was $3.487. 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 $2.94 for the trailing ten years ended in Mar. 2025.

During the past 12 months, US Global Investors's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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 US Global Investors was 20.00% per year. The lowest was -3.30% per year. And the median was 7.10% per year.

As of today (2025-05-27), US Global Investors's current stock price is $2.22. US Global Investors's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $2.94. US Global Investors's Cyclically Adjusted PB Ratio of today is 0.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of US Global Investors was 5.46. The lowest was 0.40. And the median was 0.94.


US Global Investors Cyclically Adjusted Book per Share Historical Data

The historical data trend for US Global Investors'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.

US Global Investors Cyclically Adjusted Book per Share Chart

US Global Investors Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 2.18 2.44 2.54 2.72

US Global Investors Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.58 2.72 2.76 2.79 2.94

Competitive Comparison of US Global Investors's Cyclically Adjusted Book per Share

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.


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US Global Investors 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, US Global Investors's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.487/134.9266*134.9266
=3.487

Current CPI (Mar. 2025) = 134.9266.

US Global Investors Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.858 100.684 2.490
201509 1.748 100.392 2.349
201512 1.639 99.792 2.216
201603 1.639 100.470 2.201
201606 1.609 101.688 2.135
201609 1.663 101.861 2.203
201612 1.632 101.863 2.162
201703 1.610 102.862 2.112
201706 1.572 103.349 2.052
201709 2.252 104.136 2.918
201712 2.574 104.011 3.339
201803 2.000 105.290 2.563
201806 1.686 106.317 2.140
201809 1.612 106.507 2.042
201812 1.382 105.998 1.759
201903 1.428 107.251 1.796
201906 1.435 108.070 1.792
201909 1.191 108.329 1.483
201912 1.118 108.420 1.391
202003 1.017 108.902 1.260
202006 1.112 108.767 1.379
202009 1.233 109.815 1.515
202012 2.330 109.897 2.861
202103 3.362 111.754 4.059
202106 3.613 114.631 4.253
202109 3.731 115.734 4.350
202112 3.931 117.630 4.509
202203 3.813 121.301 4.241
202206 3.596 125.017 3.881
202209 3.731 125.227 4.020
202212 3.530 125.222 3.804
202303 3.612 127.348 3.827
202306 3.572 128.729 3.744
202309 3.528 129.860 3.666
202312 3.588 129.419 3.741
202403 3.566 131.776 3.651
202406 3.546 132.554 3.609
202409 3.548 133.029 3.599
202412 3.528 133.157 3.575
202503 3.487 134.927 3.487

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


US Global Investors  (LTS:0LHX) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.22/2.94
=0.76

* 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 US Global Investors was 5.46. The lowest was 0.40. And the median was 0.94.


Be Aware

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


US Global Investors Cyclically Adjusted Book per Share Related Terms

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


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 manages the following business segments: Investment management services; through which the company offers, to U.S. Global Investors Funds (USGIF or the Funds) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors; and Corporate Investments, through which the company invests for its own account in an effort to add growth and value to its cash position. It derives all its revenue from Investment management services.

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