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The Global Smaller Trust (CHIX:GSCTL) Cyclically Adjusted PB Ratio : 0.98 (As of Jun. 04, 2025)


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What is The Global Smaller Trust Cyclically Adjusted PB Ratio?

As of today (2025-06-04), The Global Smaller Trust's current share price is £1.632. The Global Smaller Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Apr24 was £1.66. The Global Smaller Trust's Cyclically Adjusted PB Ratio for today is 0.98.

The historical rank and industry rank for The Global Smaller Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:GSCTl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.37   Max: 1.84
Current: 0.95

During the past 13 years, The Global Smaller Trust's highest Cyclically Adjusted PB Ratio was 1.84. The lowest was 0.82. And the median was 1.37.

CHIX:GSCTl's Cyclically Adjusted PB Ratio is ranked worse than
61.79% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs CHIX:GSCTl: 0.95

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.

The Global Smaller Trust's adjusted book value per share data of for the fiscal year that ended in Apr24 was £1.759. 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 £1.66 for the trailing ten years ended in Apr24.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Global Smaller Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Global Smaller Trust'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.

The Global Smaller Trust Cyclically Adjusted PB Ratio Chart

The Global Smaller Trust Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.42 1.13 0.93 0.96

The Global Smaller Trust Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 - 0.93 - 0.96 -

Competitive Comparison of The Global Smaller Trust's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, The Global Smaller Trust'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.


The Global Smaller Trust's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Global Smaller Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Global Smaller Trust's Cyclically Adjusted PB Ratio falls into.


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The Global Smaller Trust 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.

The Global Smaller Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.632/1.66
=0.98

* 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.

The Global Smaller Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Apr24 is calculated as:

For example, The Global Smaller Trust's adjusted Book Value per Share data for the fiscal year that ended in Apr24 was:

Adj_Book=Book Value per Share/CPI of Apr24 (Change)*Current CPI (Apr24)
=1.759/132.2000*132.2000
=1.759

Current CPI (Apr24) = 132.2000.

The Global Smaller Trust Annual Data

Book Value per Share CPI Adj_Book
201504 0.973 99.900 1.288
201604 0.998 100.600 1.311
201704 1.283 103.200 1.644
201804 1.384 105.500 1.734
201904 1.417 107.600 1.741
202004 1.203 108.600 1.464
202104 1.750 110.400 2.096
202204 1.720 119.000 1.911
202304 1.637 128.300 1.687
202404 1.759 132.200 1.759

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.


The Global Smaller Trust  (CHIX:GSCTl) 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.


The Global Smaller Trust Cyclically Adjusted PB Ratio Related Terms

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


The Global Smaller Trust Business Description

Traded in Other Exchanges
Address
78 Cannon Street, Cannon Place, London, GBR, EC4N 6AG
The Global Smaller Companies Trust PLC offers investors access to a broad spread global smaller companies portfolio. Its investment objective is to invest in smaller companies worldwide to secure a high total return. The portfolio consists of individual smaller company investments within the US, UK, and European markets, and fund holdings targeting smaller companies in Japan, Asia, Latin America, and other smaller territories.

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