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CHY (Calamos Convertible & Highome Fund) Cyclically Adjusted PB Ratio : 0.74 (As of May. 23, 2025)


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What is Calamos Convertible & Highome Fund Cyclically Adjusted PB Ratio?

As of today (2025-05-23), Calamos Convertible & Highome Fund's current share price is $10.36. Calamos Convertible & Highome Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct24 was $14.08. Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio for today is 0.74.

The historical rank and industry rank for Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.81   Max: 0.88
Current: 0.73

During the past 10 years, Calamos Convertible & Highome Fund's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.67. And the median was 0.81.

CHY's Cyclically Adjusted PB Ratio is ranked better than
54.5% of 934 companies
in the Asset Management industry
Industry Median: 0.8 vs CHY: 0.73

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.

Calamos Convertible & Highome Fund's adjusted book value per share data of for the fiscal year that ended in Oct24 was $10.844. 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 $14.08 for the trailing ten years ended in Oct24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calamos Convertible & Highome Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Calamos Convertible & Highome Fund'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.

Calamos Convertible & Highome Fund Cyclically Adjusted PB Ratio Chart

Calamos Convertible & Highome Fund Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.84

Calamos Convertible & Highome Fund Semi-Annual Data
Oct15 Oct16 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 - - - - 0.84

Competitive Comparison of Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Calamos Convertible & Highome Fund'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.


Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio falls into.


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Calamos Convertible & Highome Fund 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.

Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.36/14.08
=0.74

* 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.

Calamos Convertible & Highome Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct24 is calculated as:

For example, Calamos Convertible & Highome Fund's adjusted Book Value per Share data for the fiscal year that ended in Oct24 was:

Adj_Book=Book Value per Share/CPI of Oct24 (Change)*Current CPI (Oct24)
=10.844/133.1820*133.1820
=10.844

Current CPI (Oct24) = 133.1820.

Calamos Convertible & Highome Fund Annual Data

Book Value per Share CPI Adj_Book
201510 12.389 100.346 16.443
201610 11.335 101.988 14.802
201710 11.957 104.070 15.302
201810 11.021 106.695 13.757
201910 11.177 108.577 13.710
202010 13.216 109.861 16.022
202110 16.381 116.696 18.695
202210 10.809 125.734 11.449
202310 9.490 129.810 9.737
202410 10.844 133.182 10.844

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.


Calamos Convertible & Highome Fund  (NAS:CHY) 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.


Calamos Convertible & Highome Fund Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Calamos Convertible & Highome Fund's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Calamos Convertible & Highome Fund Business Description

Traded in Other Exchanges
N/A
Address
2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos Convertible & High Income Fund is a diversified, closed-end management investment company. Its objective is to provide total return through a combination of capital appreciation and current income. The firm invests in a diversified portfolio of convertible securities and high-yield securities.
Executives
Mark Mickey officer: chief compliance officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Erik D. Ojala officer: VP, Sec'y & Chief Legal Off. 2020 CALAMOS CT., NAPERVILLE IL 60563
Susan L Schoenberger officer: VP and Assistant Secretary 2020 CALAMOS COURT, NAPERVILLE IL 60563
Northwestern Mutual Life Insurance Co 10 percent owner 720 EAST WISCONSIN AVENUE, MILWAUKEE WI 53202
Thrivent Financial For Lutherans 10 percent owner 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Daniel Dufresne officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen Atkins officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Lloyd Wennlund director 2020 CALAMOS COURT, NAPERVILLE IL 60563
David D Tripple director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Christopher M Toub director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Karen Stuckey director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Dave Vanisko officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
John S. Koudounis officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563