3i Infrastructure (CHIX:3INL) Cyclically Adjusted PB Ratio: 0.97 (As of Aug. 02, 2026) — 24% Below Median

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CHIX:3INL 3i Infrastructure PLC CHIX:3INL
62 GF Score
Price £3.37
GF Value £2.39
! 7 Warning Signs
View Full Analysis

What is 3i Infrastructure Cyclically Adjusted PB Ratio?

3i Infrastructure CHIX:3INL 62 Cyclically Adjusted PB Ratio is 0.97 as of Aug. 02, 2026, which is 24% below its 10-year median of 1.27. GuruFocus rates CHIX:3INL with a GF Score™ of 62/100 and a GF Value™ of £2.39. The stock has 7 warning signs investors should review. Among 998 Asset Management companies, 3i Infrastructure ranks worse than 67.13% on this metric.

As of today (2026-08-02), 3i Infrastructure's current share price is £3.365. 3i Infrastructure's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was £3.47. 3i Infrastructure's Cyclically Adjusted PB Ratio for today is 0.97.

The historical rank and industry rank for 3i Infrastructure's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:3INl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.27   Max: 1.56
Current: 1.12

During the past 13 years, 3i Infrastructure's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.96. And the median was 1.27.

CHIX:3INl's Cyclically Adjusted PB Ratio is ranked worse than
67.13% of 998 companies
in the Asset Management industry
Industry Median: 0.84 vs CHIX:3INl: 1.12

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.

3i Infrastructure's adjusted book value per share data of for the fiscal year that ended in Mar26 was £4.052. 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 £3.47 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


3i Infrastructure  (CHIX:3INl) 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.


3i Infrastructure Cyclically Adjusted PB Ratio Related Terms


3i Infrastructure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for 3i Infrastructure'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.

3i Infrastructure Cyclically Adjusted PB Ratio Chart

3i Infrastructure Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 1.11 1.08 0.99 0.97

3i Infrastructure Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 1.08 0.00 0.99 0.00 0.97

CHIX:3INL vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, 3i Infrastructure'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.


3i Infrastructure Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, 3i Infrastructure's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where 3i Infrastructure's Cyclically Adjusted PB Ratio falls into.


CHIX:3INL
62GF Score
3i Infrastructure PLC CHIX:3INL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

3i Infrastructure 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.

3i Infrastructure's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.365/3.47
=0.97

* 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.

3i Infrastructure's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, 3i Infrastructure's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=4.052/330.2130*330.2130
=4.052

Current CPI (Mar26) = 330.2130.

3i Infrastructure Annual Data

Book Value per Share CPI Adj_Book
201703 2.140 243.801 2.898
201803 2.110 249.554 2.792
201903 2.347 254.202 3.049
202003 2.545 258.115 3.256
202103 2.681 264.877 3.342
202203 3.033 287.504 3.484
202303 3.362 301.836 3.678
202403 3.623 312.332 3.830
202503 3.862 319.799 3.988
202603 4.052 330.213 4.052

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.

What does a Cyclically Adjusted PB Ratio of 0.97 mean?
3i Infrastructure (CHIX:3INL) has a Cyclically Adjusted PB Ratio of 0.97 as of Aug. 02, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on 3i Infrastructure and its competitors. This is 24% below median its historical median of 1.27. Over the past decade, 3i Infrastructure's Cyclically Adjusted PB Ratio has ranged from 0.96 to 1.56. According to the industry distribution chart, 3i Infrastructure ranks #670 out of 998 companies in the Asset Management industry, placing it in the top 67.1%.
Is 3i Infrastructure's Cyclically Adjusted PB Ratio too high?
3i Infrastructure's current Cyclically Adjusted PB Ratio of 0.97 is 24% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 1.56. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. 3i Infrastructure's value of 0.97 is 15.5% above this industry median. Based on the distribution chart, 3i Infrastructure ranks #670 out of 998 companies in the Asset Management industry, which is below the industry midpoint. Overall, 3i Infrastructure has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does 3i Infrastructure's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, 3i Infrastructure ranks #670 out of 998 companies for Cyclically Adjusted PB Ratio. This places 3i Infrastructure in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. 3i Infrastructure's value of 0.97 is 15.5% above this benchmark. Historically, 3i Infrastructure's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 1.56 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 0.84, 3i Infrastructure has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 998 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3i Infrastructure's current Cyclically Adjusted PB Ratio of 0.97 is 15.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on 3i Infrastructure and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3i Infrastructure's current Cyclically Adjusted PB Ratio is 0.97, which is 24% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3i Infrastructure stock overvalued right now?
3i Infrastructure (CHIX:3INL) has a current Cyclically Adjusted PB Ratio of 0.97. The stock's GF Value™ is £2.39, compared to a current price of £3.37 — trading 40.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 24% below median its 10-year median of 1.27 and 15.5% above the Asset Management industry median of 0.84. 3i Infrastructure's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For 3i Infrastructure (CHIX:3INL), the current Cyclically Adjusted PB Ratio is 0.97 as of Aug. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 3i Infrastructure (CHIX:3INL) Overvalued in 2026?

Based on GuruFocus' analysis, 3i Infrastructure stock appears to be overvalued. The current stock price of £3.37 is trading 40.8% above its estimated GF Value™ of £2.39.

Key valuation signals for CHIX:3INL:

  • Cyclically Adjusted PB Ratio: 0.97 (24% below median its 10-year median of 1.27)
  • GF Value™: £2.39 vs. price of £3.37 (40.8% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 15.5% above the Asset Management median (#670 of 998)

No single metric tells the full story. See the CHIX:3INL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


3i Infrastructure Business Description

Other Exchanges 3IN:UK
Address The Esplanade, IFC 6, Aztec Group House, St. Helier, JEY, JE4 0QH
3i Infrastructure PLC is a closed-ended UK investment trust that invests in infrastructure businesses and assets. Its investment objective is to provide shareholders with a total return of eight to ten per cent per annum, over the medium term, with a progressive annual dividend per share. The company is focused on building a diversified portfolio of equity investments in entities owning infrastructure businesses and assets globally, but with a focus on Europe, North America, and Asia. The majority of its investments are in unquoted companies, and it also invests in entities owning infrastructure businesses and assets whose shares or other instruments are listed on any stock exchange. The company is engaged in a single segment of business, being investment in core-plus infrastructure.
62GF Score

Get the complete analysis for CHIX:3INL

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

£3.37
Price
£2.39
GF Value