Pinnacle Investment Management Group (ASX:PNI) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:PNI Pinnacle Investment Management Group Ltd ASX:PNI
88 GF Score
Price A$19.25
GF Value A$26.07
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Pinnacle Investment Management Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle Investment Management Group  (ASX:PNI) 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.


Pinnacle Investment Management Group Cyclically Adjusted PB Ratio Related Terms


Pinnacle Investment Management Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pinnacle Investment Management 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.

Pinnacle Investment Management Group Cyclically Adjusted PB Ratio Chart

Pinnacle Investment Management Group Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.64 8.80 10.58 11.83 0.00

Pinnacle Investment Management Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 10.58 0.00 11.83 0.00 0.00

ASX:PNI vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Pinnacle Investment Management 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.


Pinnacle Investment Management Group Cyclically Adjusted PB Ratio vs Asset Management Industry

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

* The bar in red indicates where Pinnacle Investment Management Group's Cyclically Adjusted PB Ratio falls into.


ASX:PNI
88GF Score
Pinnacle Investment Management Group Ltd ASX:PNI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pinnacle Investment Management 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.

Pinnacle Investment Management Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Pinnacle Investment Management Group's adjusted Book Value per Share data for the fiscal year that ended in Jun26 was:

Adj_Book=Book Value per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=5.106/136.4868*136.4868
=5.106

Current CPI (Jun26) = 136.4868.

Pinnacle Investment Management Group Annual Data

Book Value per Share CPI Adj_Book
201706 0.505 0.000
201806 0.641 0.000
201906 1.043 0.000
202006 1.089 0.000
202106 1.367 0.000
202206 2.075 0.000
202306 2.171 0.000
202406 2.300 0.000
202506 4.164 131.551 4.320
202606 5.106 136.487 5.106

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.

Is Pinnacle Investment Management Group (ASX:PNI) Overvalued in 2026?

Based on GuruFocus' analysis, Pinnacle Investment Management Group stock appears to be undervalued. The current stock price of A$19.25 is trading 26.2% below its estimated GF Value™ of A$26.07. GuruFocus considers Pinnacle Investment Management Group to be Modestly Undervalued.

Key valuation signals for ASX:PNI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: A$26.07 vs. price of A$19.25 (26.2% below fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the ASX:PNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pinnacle Investment Management Group Business Description

Address 264 George Street, Level 25, Australia Square Tower, Sydney, NSW, AUS, 2000
Pinnacle Investment Management Group is an Australia-based multiaffiliate investment management firm. The principal activities of the firm are equity, seed capital, and working capital, and providing distribution services, business support, and responsible entity services to a network of boutique asset managers, termed as "affiliates." Apart from deriving revenue from its services, Pinnacle also earns a share of profits from its affiliates by holding equity interests in them. The business is growing rapidly, with the number of boutiques and FUM growing to 18 and around AUD 208 billion in March 2026, respectively, from seven and AUD 23 billion in December 2016.
88GF Score

Get the complete analysis for ASX:PNI

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$19.25
Price
A$26.07
GF Value