EVM's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.85 * Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.
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.
Eaton Vance California Municipal Bond Fund's adjusted book value per share data of for the fiscal year that ended in Sep24 was $26.626. 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 $15.64 for the trailing ten years ended in Sep24.
Shiller PE for Stocks: The True Measure of Stock Valuation
Eaton Vance California Municipal Bond Fund (AMEX:EVM) 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.
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PB Ratio Related Terms
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PB Ratio Historical Data
* 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.
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PB Ratio Chart
Eaton Vance California Municipal Bond Fund Annual Data
EVM vs TSI, LIEN, JRS: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Eaton Vance California Municipal Bond 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.
Eaton Vance California Municipal Bond Fund Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PB Ratio falls into.
Eaton Vance California Municipal Bond 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.
* 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.
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 0.60 mean?
Eaton Vance California Municipal Bond Fund (EVM) has a Cyclically Adjusted PB Ratio of 0.60 as of Jul. 13, 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 Eaton Vance California Municipal Bond Fund and its competitors.
Is Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PB Ratio too high?
Eaton Vance California Municipal Bond Fund's current Cyclically Adjusted PB Ratio is 0.60. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Eaton Vance California Municipal Bond Fund's value of 0.60 is 29.4% below this industry median. Overall, Eaton Vance California Municipal Bond Fund has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PB Ratio compare to TSI and LIEN?
Eaton Vance California Municipal Bond Fund's Cyclically Adjusted PB Ratio of 0.60 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Eaton Vance California Municipal Bond Fund's value of 0.60 is 29.4% below this benchmark. 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 0.85, based on 1,002 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. Eaton Vance California Municipal Bond Fund's current Cyclically Adjusted PB Ratio of 0.60 is 29.4% below 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 Eaton Vance California Municipal Bond Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance California Municipal Bond Fund's current Cyclically Adjusted PB Ratio is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance California Municipal Bond Fund stock overvalued right now?
Eaton Vance California Municipal Bond Fund (EVM) has a current Cyclically Adjusted PB Ratio of 0.60. The current Cyclically Adjusted PB Ratio is 0.60 and 29.4% below the Asset Management industry median of 0.85. Eaton Vance California Municipal Bond Fund's overall GF Score™ is 23/100. 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 Eaton Vance California Municipal Bond Fund (EVM), the current Cyclically Adjusted PB Ratio is 0.60 as of Jul. 13, 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.
Eaton Vance California Municipal Bond Fund Business Description
Eaton Vance California Municipal Bond Fund is an investment company with an objective to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The company provides its solutions to individual investors, institutional investors, high net worth individuals, family office investors, and financial professionals. It offers a range of equity, income, and alternative strategies to institutional investors, both in the United States and internationally.
23GF Score
Get the complete analysis for EVM
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EVM has been successfully added to your 
