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AC (Associated Capital Group) Cyclically Adjusted PB Ratio : 0.82 (As of May. 22, 2025)


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What is Associated Capital Group Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Associated Capital Group's current share price is $37.25. Associated Capital Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $45.65. Associated Capital Group's Cyclically Adjusted PB Ratio for today is 0.82.

The historical rank and industry rank for Associated Capital Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

AC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.78   Max: 0.97
Current: 0.81

During the past years, Associated Capital Group's highest Cyclically Adjusted PB Ratio was 0.97. The lowest was 0.67. And the median was 0.78.

AC's Cyclically Adjusted PB Ratio is ranked worse than
50.86% of 934 companies
in the Asset Management industry
Industry Median: 0.8 vs AC: 0.81

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.

Associated Capital Group's adjusted book value per share data for the three months ended in Mar. 2025 was $42.514. 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 $45.65 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Associated Capital Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Associated Capital Group'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.

Associated Capital Group Cyclically Adjusted PB Ratio Chart

Associated Capital Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.82 0.76

Associated Capital Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.74 0.77 0.80 0.76 0.84

Competitive Comparison of Associated Capital Group's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Associated Capital Group'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.


Associated Capital Group's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Associated Capital Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Associated Capital Group's Cyclically Adjusted PB Ratio falls into.


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Associated Capital Group 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.

Associated Capital Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.25/45.65
=0.82

* 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.

Associated Capital Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Associated Capital Group'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)
=42.514/134.9266*134.9266
=42.514

Current CPI (Mar. 2025) = 134.9266.

Associated Capital Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 25.612 100.684 34.323
201509 24.689 100.392 33.182
201512 29.450 99.792 39.819
201603 30.029 100.470 40.327
201606 29.656 101.688 39.350
201609 35.411 101.861 46.906
201612 36.035 101.863 47.732
201703 36.367 102.862 47.703
201706 37.113 103.349 48.453
201709 37.762 104.136 48.928
201712 38.840 104.011 50.385
201803 38.378 105.290 49.181
201806 39.665 106.317 50.339
201809 40.217 106.507 50.948
201812 38.355 105.998 48.823
201903 39.380 107.251 49.542
201906 39.240 108.070 48.992
201909 39.509 108.329 49.209
201912 39.886 108.420 49.637
202003 36.610 108.902 45.359
202006 38.089 108.767 47.250
202009 38.154 109.815 46.879
202012 40.302 109.897 49.481
202103 41.223 111.754 49.771
202106 42.211 114.631 49.684
202109 42.244 115.734 49.249
202112 42.484 117.630 48.731
202203 41.723 121.301 46.410
202206 40.304 125.017 43.499
202209 39.959 125.227 43.054
202212 40.482 125.222 43.619
202303 41.298 127.348 43.756
202306 41.405 128.729 43.399
202309 41.425 129.860 43.041
202312 42.110 129.419 43.902
202403 42.803 131.776 43.826
202406 42.870 132.554 43.637
202409 42.019 133.029 42.618
202412 42.141 133.157 42.701
202503 42.514 134.927 42.514

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.


Associated Capital Group  (NYSE:AC) 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.


Associated Capital Group Cyclically Adjusted PB Ratio Related Terms

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


Associated Capital Group Business Description

Traded in Other Exchanges
N/A
Address
191 Mason Street, Greenwich, CT, USA, 06830
Associated Capital Group Inc is a diversified financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The activities of its subsidiaries comprise publishing daily research notes and full reports using private market value with a catalyst methodology and also products and customized solutions utilizing private market value with catalyst method of investing.
Executives
Ian J Mcadams officer: Interim Co-CFO 191 MASON STREET, GREENWICH CT 06830
Patrick Huvane officer: Interim Co-CFO 780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Richard T Prins director C/O ASSOCIATED CAPITAL GROUP, INC., 191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein officer: Chief Legal Officer 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Timothy Schott officer: Executive VP & CFO 191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli director, 10 percent owner, officer: Chairman & CEO 191 MASON STREET, GREENWICH CT 06830
Marc Gabelli director 401 THEODORE FREMD AVE, RYE NY 10580
Kenneth D Masiello officer: Chief Accounting Officer ONE CORPORATE CENTER, RYE NY 10580
Elisa M. Wilson director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Francis J Conroy officer: Interim Chief FinancialOfficer ONE CORPORATE CENTER, RYE NY 10580
Frederic V Salerno director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Frederick J Mancheski 10 percent owner 5400 PLANTATION ROAD, UNIT 1256, CAPTIVA FL 33924
Douglas R Jamieson officer: President & CEO C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady officer: Executive Vice President ONE CORPORATE CENTER, RYE NY 10580
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403