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Montanaro UK Smaller Inv Tr (CHIX:MTUL) Cyclically Adjusted PB Ratio : (As of Dec. 11, 2024)


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What is Montanaro UK Smaller Inv Tr Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Montanaro UK Smaller Inv Tr Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Montanaro UK Smaller Inv Tr'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.

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Montanaro UK Smaller Inv Tr Cyclically Adjusted PB Ratio Chart

Montanaro UK Smaller Inv Tr Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 1.14 0.91 0.71 0.67

Montanaro UK Smaller Inv Tr Quarterly Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - 0.71 - 0.67 -

Competitive Comparison of Montanaro UK Smaller Inv Tr's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Montanaro UK Smaller Inv Tr'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.


Montanaro UK Smaller Inv Tr's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Montanaro UK Smaller Inv Tr's Cyclically Adjusted PB Ratio falls into.



Montanaro UK Smaller Inv Tr 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.

Montanaro UK Smaller Inv Tr's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Montanaro UK Smaller Inv Tr's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.216/133.5000*133.5000
=1.216

Current CPI (Sep. 2024) = 133.5000.

Montanaro UK Smaller Inv Tr Quarterly Data

Book Value per Share CPI Adj_Book
200503 0.436 78.800 0.739
200509 0.509 79.900 0.850
200603 0.611 80.400 1.015
200609 0.606 81.900 0.988
200703 0.733 82.800 1.182
200709 0.692 83.500 1.106
200803 0.609 84.900 0.958
200809 0.516 87.500 0.787
200903 0.392 87.300 0.599
200909 0.555 88.300 0.839
201003 0.605 89.400 0.903
201009 0.727 90.400 1.074
201103 0.843 92.600 1.215
201109 0.781 94.500 1.103
201203 0.873 95.400 1.222
201209 0.921 96.400 1.275
201303 1.058 97.800 1.444
201309 1.088 98.700 1.472
201403 1.176 99.300 1.581
201409 1.044 100.000 1.394
201503 1.129 99.600 1.513
201509 1.158 100.200 1.543
201603 1.141 100.400 1.517
201609 1.196 101.500 1.573
201703 1.263 102.700 1.642
201709 1.404 104.300 1.797
201803 1.358 105.100 1.725
201809 1.426 106.600 1.786
201903 1.292 107.000 1.612
201909 1.310 108.400 1.613
202003 1.138 108.600 1.399
202009 1.306 109.200 1.597
202103 1.486 109.700 1.808
202109 1.726 112.400 2.050
202203 1.355 116.500 1.553
202209 1.043 122.300 1.139
202303 1.145 126.800 1.206
202309 1.105 130.100 1.134
202403 1.189 131.600 1.206
202409 1.216 133.500 1.216

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.


Montanaro UK Smaller Inv Tr  (CHIX:MTUl) 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.


Montanaro UK Smaller Inv Tr Cyclically Adjusted PB Ratio Related Terms

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Montanaro UK Smaller Inv Tr Business Description

Traded in Other Exchanges
Address
53 Threadneedle Street, London, GBR, EC2R 8AR
Montanaro UK Smaller Companies Inv Tr PLC is a United Kingdom-based company. Its investment objective is capital appreciation through investing in small quoted companies, which are listed on the London Stock Exchange or traded on the Alternative Investment Market (AIM) and to outperform its benchmark, the Deutsche Numis Smaller Companies Index. The company seeks to achieve its objective by investing in a diversified portfolio of quoted UK small companies.

Montanaro UK Smaller Inv Tr Headlines