JPMorgan China Growth &ome (CHIX:JCGIL) Cyclically Adjusted PB Ratio: 0.72 (As of Jul. 16, 2026) — 42% Below Median

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CHIX:JCGIL JPMorgan China Growth & Income PLC CHIX:JCGIL
43 GF Score
Price £2.25
! 3 Warning Signs
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What is JPMorgan China Growth &ome Cyclically Adjusted PB Ratio?

JPMorgan China Growth &ome CHIX:JCGIL 43 Cyclically Adjusted PB Ratio is 0.72 as of Jul. 16, 2026, which is 42% below its 10-year median of 1.24. GuruFocus rates CHIX:JCGIL with a GF Score™ of 43/100. The stock has 3 warning signs investors should review. Among 1,000 Asset Management companies, JPMorgan China Growth &ome ranks better than 66.6% on this metric.

As of today (2026-07-16), JPMorgan China Growth &ome's current share price is £2.25. JPMorgan China Growth &ome's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 was £3.14. JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio for today is 0.72.

The historical rank and industry rank for JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:JCGIl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.24   Max: 3.13
Current: 0.65

During the past 13 years, JPMorgan China Growth &ome's highest Cyclically Adjusted PB Ratio was 3.13. The lowest was 0.47. And the median was 1.24.

CHIX:JCGIl's Cyclically Adjusted PB Ratio is ranked better than
66.6% of 1000 companies
in the Asset Management industry
Industry Median: 0.85 vs CHIX:JCGIl: 0.65

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.

JPMorgan China Growth &ome's adjusted book value per share data of for the fiscal year that ended in Sep25 was £3.388. 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 £3.14 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan China Growth &ome  (CHIX:JCGIl) 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.


JPMorgan China Growth &ome Cyclically Adjusted PB Ratio Related Terms


JPMorgan China Growth &ome Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome Cyclically Adjusted PB Ratio Chart

JPMorgan China Growth &ome Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.63 0.84 0.63 0.59 0.72

JPMorgan China Growth &ome 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 0.00 0.59 0.00 0.72 0.00

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

For the Asset Management subindustry, JPMorgan China Growth &ome'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.


JPMorgan China Growth &ome Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio falls into.


CHIX:JCGIL
43GF Score
JPMorgan China Growth & Income PLC CHIX:JCGIL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JPMorgan China Growth &ome 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.

JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.25/3.14
=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.

JPMorgan China Growth &ome's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, JPMorgan China Growth &ome's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=3.388/138.9000*138.9000
=3.388

Current CPI (Sep25) = 138.9000.

JPMorgan China Growth &ome Annual Data

Book Value per Share CPI Adj_Book
201609 2.427 101.500 3.321
201709 3.098 104.300 4.126
201809 3.039 106.600 3.960
201909 3.481 108.400 4.460
202009 5.310 109.200 6.754
202109 5.690 112.400 7.032
202209 3.417 122.300 3.881
202309 2.762 130.100 2.949
202409 2.733 133.500 2.844
202509 3.388 138.900 3.388

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 0.72 mean?
JPMorgan China Growth &ome (CHIX:JCGIL) has a Cyclically Adjusted PB Ratio of 0.72 as of Jul. 16, 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 JPMorgan China Growth &ome and its competitors. This is 42% below median its historical median of 1.24. Over the past decade, JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio has ranged from 0.47 to 3.13. According to the industry distribution chart, JPMorgan China Growth &ome ranks #334 out of 1000 companies in the Asset Management industry, placing it in the top 33.4%.
Is JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio too high?
JPMorgan China Growth &ome's current Cyclically Adjusted PB Ratio of 0.72 is 42% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 3.13. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. JPMorgan China Growth &ome's value of 0.72 is 15.3% below this industry median. Based on the distribution chart, JPMorgan China Growth &ome ranks #334 out of 1000 companies in the Asset Management industry, which is above the industry midpoint. Overall, JPMorgan China Growth &ome has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan China Growth &ome's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan China Growth &ome ranks #334 out of 1000 companies for Cyclically Adjusted PB Ratio. This puts JPMorgan China Growth &ome in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. JPMorgan China Growth &ome's value of 0.72 is 15.3% below this benchmark. Historically, JPMorgan China Growth &ome's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 3.13 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 0.85, JPMorgan China Growth &ome has consistently been below 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 0.85, based on 1,000 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. JPMorgan China Growth &ome's current Cyclically Adjusted PB Ratio of 0.72 is 15.3% below 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 JPMorgan China Growth &ome and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan China Growth &ome's current Cyclically Adjusted PB Ratio is 0.72, which is 42% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan China Growth &ome stock overvalued right now?
JPMorgan China Growth &ome (CHIX:JCGIL) has a current Cyclically Adjusted PB Ratio of 0.72. The current Cyclically Adjusted PB Ratio is 0.72, which is 42% below median its 10-year median of 1.24 and 15.3% below the Asset Management industry median of 0.85. JPMorgan China Growth &ome's overall GF Score™ is 43/100 with 3 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 JPMorgan China Growth &ome (CHIX:JCGIL), the current Cyclically Adjusted PB Ratio is 0.72 as of Jul. 16, 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.

JPMorgan China Growth &ome Business Description

Other Exchanges JCGI:UK
Address 60 Victoria Embankment, London, GBR, EC4Y0JP
JPMorgan China Growth & Income PLC is an investment trust company. Its investment objective is to provide long-term capital growth by investment in Greater China companies. The company seeks to achieve its determined objectives; it invests in securities quoted on the stock exchanges of China, Hong Kong, and Taiwan, or which derive a substantial part of their revenues or profits from these territories. It may use gearing up to a maximum level of nearly 20% of shareholders' funds to increase potential returns to shareholders. The company invests no more than 15% of gross assets in other UK-listed investment companies. It reviews its performance against the MSCI China Index, with net dividends reinvested, in sterling terms.
43GF Score

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

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