GAMCO Investors (FRA:6JV) Cyclically Adjusted PB Ratio: 8.50 (As of Aug. 12, 2026) — 218% Above Median

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.

FRA:6JV GAMCO Investors Inc FRA:6JV
75 GF Score
Price €21.60
GF Value €24.39
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is GAMCO Investors Cyclically Adjusted PB Ratio?

GAMCO Investors FRA:6JV +0.93% 75 Cyclically Adjusted PB Ratio is 8.50 as of Aug. 12, 2026, which is 218% above its 10-year median of 2.67. GuruFocus rates FRA:6JV with a GF Score™ of 75/100 and a GF Value™ of €24.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,012 Asset Management companies, GAMCO Investors ranks worse than 96.54% on this metric.

As of today (2026-08-12), GAMCO Investors's current share price is €21.60. GAMCO Investors's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.54. GAMCO Investors's Cyclically Adjusted PB Ratio for today is 8.50.

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

FRA:6JV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.05   Med: 2.67   Max: 17.74
Current: 8.51

During the past years, GAMCO Investors's highest Cyclically Adjusted PB Ratio was 17.74. The lowest was 1.05. And the median was 2.67.

FRA:6JV's Cyclically Adjusted PB Ratio is ranked worse than
96.54% of 1012 companies
in the Asset Management industry
Industry Median: 0.87 vs FRA:6JV: 8.51

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.

GAMCO Investors's adjusted book value per share data for the three months ended in Jun. 2026 was €7.707. 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 €2.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GAMCO Investors  (FRA:6JV) 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.


GAMCO Investors Cyclically Adjusted PB Ratio Related Terms


GAMCO Investors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GAMCO Investors'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.

GAMCO Investors Cyclically Adjusted PB Ratio Chart

GAMCO Investors 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 3.49 2.51 4.01 7.96 12.69

GAMCO Investors Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 12.27 16.46 12.69 9.82 8.02

FRA:6JV vs HKHC, IQI, MUA: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, GAMCO Investors'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.


GAMCO Investors Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


FRA:6JV
75GF Score
GAMCO Investors Inc FRA:6JV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GAMCO Investors 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.

GAMCO Investors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.60/2.54
=8.50

* 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.

GAMCO Investors's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, GAMCO Investors's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.707/333.9520*333.9520
=7.707

Current CPI (Jun. 2026) = 333.9520.

GAMCO Investors Quarterly Data

Book Value per Share CPI Adj_Book
201609 -6.003 241.428 -8.304
201612 -5.362 241.432 -7.417
201703 -4.719 243.801 -6.464
201706 -3.676 244.955 -5.012
201709 -3.006 246.819 -4.067
201712 -2.808 246.524 -3.804
201803 -2.041 249.554 -2.731
201806 -1.325 251.989 -1.756
201809 -0.359 252.439 -0.475
201812 0.291 251.233 0.387
201903 0.824 254.202 1.083
201906 0.722 256.143 0.941
201909 1.078 256.759 1.402
201912 1.799 256.974 2.338
202003 2.134 258.115 2.761
202006 2.457 257.797 3.183
202009 2.834 260.280 3.636
202012 2.598 260.474 3.331
202103 3.118 264.877 3.931
202106 1.866 271.696 2.294
202109 2.766 274.310 3.367
202112 3.109 278.802 3.724
202203 3.669 287.504 4.262
202206 4.304 296.311 4.851
202209 4.735 296.808 5.328
202212 5.112 296.797 5.752
202303 5.497 301.836 6.082
202306 5.886 305.109 6.442
202309 6.337 307.789 6.876
202312 6.663 306.746 7.254
202403 7.083 312.332 7.573
202406 7.346 314.175 7.808
202409 5.774 315.301 6.116
202412 5.719 315.605 6.051
202503 5.838 319.799 6.096
202506 5.909 322.561 6.118
202509 6.159 324.800 6.333
202512 6.651 324.054 6.854
202603 6.906 330.213 6.984
202606 7.707 333.952 7.707

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 8.50 mean?
GAMCO Investors (FRA:6JV) has a Cyclically Adjusted PB Ratio of 8.50 as of Aug. 12, 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 GAMCO Investors and its competitors. This is 218% above median its historical median of 2.67. Over the past decade, GAMCO Investors' Cyclically Adjusted PB Ratio has ranged from 1.05 to 17.74. According to the industry distribution chart, GAMCO Investors ranks #977 out of 1012 companies in the Asset Management industry, placing it in the top 96.5%.
Is GAMCO Investors' Cyclically Adjusted PB Ratio too high?
GAMCO Investors' current Cyclically Adjusted PB Ratio of 8.50 is 218% above median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 17.74. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.87. GAMCO Investors' value of 8.50 is 877% above this industry median. Based on the distribution chart, GAMCO Investors ranks #977 out of 1012 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, GAMCO Investors has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GAMCO Investors' Cyclically Adjusted PB Ratio compare to HKHC and IQI?
According to the Asset Management industry distribution chart, GAMCO Investors ranks #977 out of 1012 companies for Cyclically Adjusted PB Ratio. This places GAMCO Investors in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.87. GAMCO Investors' value of 8.50 is 877% above this benchmark. Historically, GAMCO Investors' own Cyclically Adjusted PB Ratio has ranged from 1.05 to 17.74 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 0.87, GAMCO Investors 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 0.87, based on 1,012 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. GAMCO Investors's current Cyclically Adjusted PB Ratio of 8.50 is 877% 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 GAMCO Investors and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GAMCO Investors's current Cyclically Adjusted PB Ratio is 8.50, which is 218% above median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAMCO Investors stock overvalued right now?
Based on GuruFocus' analysis, GAMCO Investors (FRA:6JV) is currently considered Modestly Undervalued. The stock's GF Value™ is €24.39, compared to a current price of €21.60 — trading 11.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.50, which is 218% above median its 10-year median of 2.67 and 877% above the Asset Management industry median of 0.87. GAMCO Investors' overall GF Score™ is 75/100 with 3 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 GAMCO Investors (FRA:6JV), the current Cyclically Adjusted PB Ratio is 8.50 as of Aug. 12, 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.

Is GAMCO Investors (FRA:6JV) Overvalued in 2026?

Based on GuruFocus' analysis, GAMCO Investors stock appears to be undervalued. The current stock price of €21.60 is trading 11.4% below its estimated GF Value™ of €24.39. GuruFocus considers GAMCO Investors to be Modestly Undervalued.

Key valuation signals for FRA:6JV:

  • Cyclically Adjusted PB Ratio: 8.50 (218% above median its 10-year median of 2.67)
  • GF Value™: €24.39 vs. price of €21.60 (11.4% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 877% above the Asset Management median (#977 of 1012)

No single metric tells the full story. See the FRA:6JV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GAMCO Investors Business Description

Other Exchanges GAMI:USA
Address 249 Royal Palm Way, Palm Beach, FL, USA, 33480
GAMCO Investors Inc is a provider of Investment Advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invests in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based on the company's levels of assets under management (AUM) and fees associated with its various investment products. Its AUM is organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.
75GF Score

Get the complete analysis for FRA:6JV

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

€21.60
Price
€24.39
GF Value