Reach (CHIX:RCHL) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:RCHL Reach PLC CHIX:RCHL
39 GF Score
Price £0.40
GF Value £0.62
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Reach Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Reach  (CHIX:RCHl) 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.


Reach Cyclically Adjusted PB Ratio Related Terms


Reach Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Reach'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.

Reach Cyclically Adjusted PB Ratio Chart

Reach Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 0.39 0.30 0.34 0.23

Reach Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.39 0.33 0.29 0.22 0.22

CHIX:RCHL vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Reach'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.


Reach Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Reach's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:RCHL
39GF Score
Reach PLC CHIX:RCHL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reach 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.

Reach's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Reach's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.668/139.9000*139.9000
=1.668

Current CPI (Dec25) = 139.9000.

Reach Annual Data

Book Value per Share CPI Adj_Book
201612 2.009 102.200 2.750
201712 2.373 105.000 3.162
201812 1.808 107.100 2.362
201912 2.056 108.500 2.651
202012 1.829 109.400 2.339
202112 2.052 114.700 2.503
202212 2.034 125.300 2.271
202312 2.025 130.500 2.171
202412 2.149 135.100 2.225
202512 1.668 139.900 1.668

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.

Is Reach (CHIX:RCHL) Overvalued in 2026?

Based on GuruFocus' analysis, Reach stock appears to be undervalued. The current stock price of £0.40 is trading 35.5% below its estimated GF Value™ of £0.62. GuruFocus considers Reach to be Possible Value Trap.

Key valuation signals for CHIX:RCHL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £0.62 vs. price of £0.40 (35.5% below fair value)
  • GF Score™: 39/100 with 6 warning signs

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


Reach Business Description

Other Exchanges RCH:UKMRR:Germany
Address One Canada Square, Canary Wharf, London, GBR, E14 5AP
Reach PLC is a commercial national and regional news publisher in the UK, producing and distributing content through newspapers, magazines, and digital platforms. Its portfolio includes influential and iconic brands such as the Mirror, Daily Express, Sunday Express, Daily Star, My London, Daily Record, and Sunday Mail, and market brands in key metropolitan markets across the country. The group's revenue streams are from print and digital activities.
39GF Score

Get the complete analysis for CHIX:RCHL

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

£0.40
Price
£0.62
GF Value