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Invesco Perpetual UK Smaller Inv Tst (CHIX:IPUL) Cyclically Adjusted PB Ratio : 0.72 (As of May. 24, 2024)


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What is Invesco Perpetual UK Smaller Inv Tst Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Invesco Perpetual UK Smaller Inv Tst's current share price is £4.28. Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was £5.98. Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio for today is 0.72.

The historical rank and industry rank for Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:IPUl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1.36   Max: 1.7
Current: 0.7

During the past years, Invesco Perpetual UK Smaller Inv Tst's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.66. And the median was 1.36.

CHIX:IPUl's Cyclically Adjusted PB Ratio is ranked better than
59.45% of 937 companies
in the Asset Management industry
Industry Median: 0.8 vs CHIX:IPUl: 0.70

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.

Invesco Perpetual UK Smaller Inv Tst's adjusted book value per share data for the three months ended in Jan. 2024 was £4.771. 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 £5.98 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Invesco Perpetual UK Smaller Inv Tst Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Invesco Perpetual UK Smaller Inv Tst'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.

Invesco Perpetual UK Smaller Inv Tst Cyclically Adjusted PB Ratio Chart

Invesco Perpetual UK Smaller Inv Tst Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 1.06 1.11 0.79 0.71

Invesco Perpetual UK Smaller Inv Tst Quarterly Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 1.11 - 0.79 - 0.71

Competitive Comparison of Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Invesco Perpetual UK Smaller Inv Tst'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.


Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio falls into.



Invesco Perpetual UK Smaller Inv Tst 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.

Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.28/5.98
=0.72

* 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.

Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Invesco Perpetual UK Smaller Inv Tst's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=4.771/130.0000*130.0000
=4.771

Current CPI (Jan. 2024) = 130.0000.

Invesco Perpetual UK Smaller Inv Tst Quarterly Data

Book Value per Share CPI Adj_Book
200407 1.422 77.700 2.379
200501 1.422 78.300 2.361
200507 1.553 79.500 2.539
200601 0.370 80.000 0.601
200607 1.900 81.500 3.031
200701 2.263 82.100 3.583
200707 2.373 83.100 3.712
200801 2.052 84.100 3.172
200807 1.976 86.600 2.966
200901 1.447 86.600 2.172
200907 1.622 88.000 2.396
201001 1.937 88.800 2.836
201007 2.012 90.000 2.906
201101 2.429 91.800 3.440
201107 2.502 93.500 3.479
201201 2.376 94.700 3.262
201207 2.459 95.700 3.340
201301 2.857 97.000 3.829
201307 3.262 98.000 4.327
201401 3.679 98.700 4.846
201407 3.562 99.600 4.649
201501 3.701 99.200 4.850
201507 4.093 100.000 5.321
201601 3.903 99.900 5.079
201607 3.975 100.900 5.121
201701 4.541 101.800 5.799
201707 5.169 103.500 6.492
201801 5.436 104.500 6.762
201807 5.468 105.900 6.712
201901 4.818 106.400 5.887
201907 5.464 108.000 6.577
202001 6.067 108.300 7.283
202007 4.566 109.200 5.436
202101 5.658 109.300 6.730
202107 6.847 111.400 7.990
202201 6.526 114.600 7.403
202207 5.638 121.200 6.047
202301 5.171 124.800 5.386
202307 4.712 129.000 4.749
202401 4.771 130.000 4.771

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.


Invesco Perpetual UK Smaller Inv Tst  (CHIX:IPUl) 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.


Invesco Perpetual UK Smaller Inv Tst Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Invesco Perpetual UK Smaller Inv Tst's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Invesco Perpetual UK Smaller Inv Tst (CHIX:IPUL) Business Description

Traded in Other Exchanges
Address
Perpetual Park Drive, Perpetual Park, Henley-on-Thames, Oxfordshire, GBR, RG9 1HH
Invesco Perpetual UK Smaller Companies Inv Tst PLC is an investment trust based in the United Kingdom. The company's investment objective is to achieve a long-term total return for shareholders primarily by investment in a broad cross-section of small to medium-sized UK quoted companies.

Invesco Perpetual UK Smaller Inv Tst (CHIX:IPUL) Headlines

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