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Scottish Oriental Smaller Trust (The) (CHIX:SSTL) Cyclically Adjusted PB Ratio : 1.01 (As of Jun. 22, 2025)


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What is Scottish Oriental Smaller Trust (The) Cyclically Adjusted PB Ratio?

As of today (2025-06-22), Scottish Oriental Smaller Trust (The)'s current share price is £2.87. Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Aug24 was £2.83. Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio for today is 1.01.

The historical rank and industry rank for Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:SSTl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.05   Max: 1.58
Current: 1.03

During the past 13 years, Scottish Oriental Smaller Trust (The)'s highest Cyclically Adjusted PB Ratio was 1.58. The lowest was 0.71. And the median was 1.05.

CHIX:SSTl's Cyclically Adjusted PB Ratio is ranked worse than
66.01% of 965 companies
in the Asset Management industry
Industry Median: 0.81 vs CHIX:SSTl: 1.03

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.

Scottish Oriental Smaller Trust (The)'s adjusted book value per share data of for the fiscal year that ended in Aug24 was £3.419. 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 £2.83 for the trailing ten years ended in Aug24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Scottish Oriental Smaller Trust (The) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Scottish Oriental Smaller Trust (The)'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.

Scottish Oriental Smaller Trust (The) Cyclically Adjusted PB Ratio Chart

Scottish Oriental Smaller Trust (The) Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 1.01 0.97 0.95 1.03

Scottish Oriental Smaller Trust (The) Semi-Annual Data
Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25
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 - 0.95 - 1.03 -

Competitive Comparison of Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Scottish Oriental Smaller Trust (The)'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.


Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio falls into.


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Scottish Oriental Smaller Trust (The) 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.

Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.87/2.83
=1.01

* 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.

Scottish Oriental Smaller Trust (The)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Aug24 is calculated as:

For example, Scottish Oriental Smaller Trust (The)'s adjusted Book Value per Share data for the fiscal year that ended in Aug24 was:

Adj_Book=Book Value per Share/CPI of Aug24 (Change)*Current CPI (Aug24)
=3.419/133.4000*133.4000
=3.419

Current CPI (Aug24) = 133.4000.

Scottish Oriental Smaller Trust (The) Annual Data

Book Value per Share CPI Adj_Book
201508 1.633 100.300 2.172
201608 2.095 101.200 2.762
201708 2.385 104.000 3.059
201808 2.312 106.500 2.896
201908 2.317 108.300 2.854
202008 1.984 108.800 2.433
202108 2.529 112.100 3.010
202208 2.766 121.800 3.029
202308 2.911 129.400 3.001
202408 3.419 133.400 3.419

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.


Scottish Oriental Smaller Trust (The)  (CHIX:SSTl) 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.


Scottish Oriental Smaller Trust (The) Cyclically Adjusted PB Ratio Related Terms

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Scottish Oriental Smaller Trust (The) Business Description

Traded in Other Exchanges
Address
28 Walker Street, Edinburgh, GBR, EH3 7HR
Scottish Oriental Smaller Companies Trust (The) PLC is a investment trusts in the Asian equity category with a specialist focus on smaller companies. The objective of the Company is to achieve long-term capital growth by carefully selecting quality companies with franchises at reasonable valuations.

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