Ruffer Investment Co (CHIX:RICAL) Cyclically Adjusted PB Ratio: 1.56 (As of Jul. 27, 2026) — 13% Above Median

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CHIX:RICAL Ruffer Investment Co Ltd CHIX:RICAL
41 GF Score
Price £2.68
! 2 Warning Signs
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What is Ruffer Investment Co Cyclically Adjusted PB Ratio?

Ruffer Investment Co CHIX:RICAL 41 Cyclically Adjusted PB Ratio is 1.56 as of Jul. 27, 2026, which is 13% above its 10-year median of 1.38. GuruFocus rates CHIX:RICAL with a GF Score™ of 41/100. The stock has 2 warning signs investors should review. Among 1,001 Asset Management companies, Ruffer Investment Co ranks worse than 79.22% on this metric.

As of today (2026-07-27), Ruffer Investment Co's current share price is £2.675. Ruffer Investment Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was £1.71. Ruffer Investment Co's Cyclically Adjusted PB Ratio for today is 1.56.

The historical rank and industry rank for Ruffer Investment Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:RICAl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.38   Max: 1.72
Current: 1.61

During the past 13 years, Ruffer Investment Co's highest Cyclically Adjusted PB Ratio was 1.72. The lowest was 1.01. And the median was 1.38.

CHIX:RICAl's Cyclically Adjusted PB Ratio is ranked worse than
79.22% of 1001 companies
in the Asset Management industry
Industry Median: 0.84 vs CHIX:RICAl: 1.61

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.

Ruffer Investment Co's adjusted book value per share data of for the fiscal year that ended in Jun25 was £1.054. 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 £1.71 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ruffer Investment Co  (CHIX:RICAl) 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.


Ruffer Investment Co Cyclically Adjusted PB Ratio Related Terms


Ruffer Investment Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ruffer Investment Co'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.

Ruffer Investment Co Cyclically Adjusted PB Ratio Chart

Ruffer Investment Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.38 1.38 1.44 1.56

Ruffer Investment Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.44 0.00 1.56 0.00

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

For the Asset Management subindustry, Ruffer Investment Co'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.


Ruffer Investment Co Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ruffer Investment Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:RICAL
41GF Score
Ruffer Investment Co Ltd CHIX:RICAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ruffer Investment Co 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.

Ruffer Investment Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.675/1.71
=1.56

* 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.

Ruffer Investment Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Ruffer Investment Co's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=1.054/322.5610*322.5610
=1.054

Current CPI (Jun25) = 322.5610.

Ruffer Investment Co Annual Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201706 0.000 244.955 0.000
201806 2.293 251.989 2.935
201906 2.247 256.143 2.830
202006 2.457 257.797 3.074
202106 1.573 271.696 1.867
202206 1.065 296.311 1.159
202306 0.783 305.109 0.828
202406 0.829 314.175 0.851
202506 1.054 322.561 1.054

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 1.56 mean?
Ruffer Investment Co (CHIX:RICAL) has a Cyclically Adjusted PB Ratio of 1.56 as of Jul. 27, 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 Ruffer Investment Co and its competitors. This is 13% above median its historical median of 1.38. Over the past decade, Ruffer Investment Co's Cyclically Adjusted PB Ratio has ranged from 1.01 to 1.72. According to the industry distribution chart, Ruffer Investment Co ranks #793 out of 1001 companies in the Asset Management industry, placing it in the top 79.2%.
Is Ruffer Investment Co's Cyclically Adjusted PB Ratio too high?
Ruffer Investment Co's current Cyclically Adjusted PB Ratio of 1.56 is 13% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 1.72. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Ruffer Investment Co's value of 1.56 is 85.7% above this industry median. Based on the distribution chart, Ruffer Investment Co ranks #793 out of 1001 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Ruffer Investment Co has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Ruffer Investment Co's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Ruffer Investment Co ranks #793 out of 1001 companies for Cyclically Adjusted PB Ratio. This places Ruffer Investment Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Ruffer Investment Co's value of 1.56 is 85.7% above this benchmark. Historically, Ruffer Investment Co's own Cyclically Adjusted PB Ratio has ranged from 1.01 to 1.72 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.84, Ruffer Investment Co has consistently been above 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 0.84, based on 1,001 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. Ruffer Investment Co's current Cyclically Adjusted PB Ratio of 1.56 is 85.7% above 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 Ruffer Investment Co and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ruffer Investment Co's current Cyclically Adjusted PB Ratio is 1.56, which is 13% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruffer Investment Co stock overvalued right now?
Ruffer Investment Co (CHIX:RICAL) has a current Cyclically Adjusted PB Ratio of 1.56. The current Cyclically Adjusted PB Ratio is 1.56, which is 13% above median its 10-year median of 1.38 and 85.7% above the Asset Management industry median of 0.84. Ruffer Investment Co's overall GF Score™ is 41/100 with 2 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 Ruffer Investment Co (CHIX:RICAL), the current Cyclically Adjusted PB Ratio is 1.56 as of Jul. 27, 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.

Ruffer Investment Co Business Description

Other Exchanges RICA:UK
Address East Wing, Trafalgar Court, PO BOX 656, Les Banques, Saint Peter Port, GGY, GY1 3PP
Ruffer Investment Co Ltd is a closed-end investment company. Its principal objective is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England Bank Rate. The company adopts a stock picking approach and invests across a broad range of assets, geographies, and sectors including listed or quoted equities or equity-related securities, options, and bonds that are issued by corporate issuers, supra-nationals, or government organizations and investment in funds. It uses derivatives, including futures, options, swap agreements, structured products, warrants, and forward currency contracts, for efficient portfolio management. The majority part of the company's revenue comes from investment income such as dividends and interest.
41GF 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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