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.
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.
Gabelli Equity TrustGAB +0.71%58 Cyclically Adjusted PB Ratio is 0.86 as of Jul. 16, 2026, which is at its 10-year median of 0.86. GuruFocus rates GAB with a GF Score™ of 58/100 and a GF Value™ of $6.79 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,000 Asset Management companies, Gabelli Equity Trust ranks better than 50.4% on this metric.
The historical rank and industry rank for Gabelli Equity Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:
GAB'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 0.86 Max: 0.94
Current: 0.86
During the past 10 years, Gabelli Equity Trust's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.81. And the median was 0.86.
GAB's Cyclically Adjusted PB Ratio is ranked better than 50.4% of 1000
companies
in the Asset Management industry
Industry Median: 0.85
vs GAB: 0.86
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.
Gabelli Equity Trust's adjusted book value per share data of for the fiscal year that ended in Dec25 was $5.515. 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 $6.63 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Gabelli Equity Trust (NYSE:GAB) 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.
Gabelli Equity Trust Cyclically Adjusted PB Ratio Related Terms
Gabelli Equity Trust Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Gabelli Equity Trust'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.
Gabelli Equity Trust Cyclically Adjusted PB Ratio Chart
GAB vs PAX, ETG, USA: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Gabelli Equity Trust'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.
Gabelli Equity Trust Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Gabelli Equity Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Gabelli Equity Trust's Cyclically Adjusted PB Ratio falls into.
Gabelli Equity Trust 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 0.86 mean?
Gabelli Equity Trust (GAB) has a Cyclically Adjusted PB Ratio of 0.86 as of Jul. 16, 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 Gabelli Equity Trust and its competitors. This is near median its historical median of 0.86. Over the past decade, Gabelli Equity Trust's Cyclically Adjusted PB Ratio has ranged from 0.81 to 0.94. According to the industry distribution chart, Gabelli Equity Trust ranks #496 out of 1000 companies in the Asset Management industry, placing it in the top 49.6%.
Is Gabelli Equity Trust's Cyclically Adjusted PB Ratio too high?
Gabelli Equity Trust's current Cyclically Adjusted PB Ratio of 0.86 is near median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 0.94. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Gabelli Equity Trust's value of 0.86 is 1.2% above this industry median. Based on the distribution chart, Gabelli Equity Trust ranks #496 out of 1000 companies in the Asset Management industry, which is above the industry midpoint. Overall, Gabelli Equity Trust has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gabelli Equity Trust's Cyclically Adjusted PB Ratio compare to PAX and ETG?
According to the Asset Management industry distribution chart, Gabelli Equity Trust ranks #496 out of 1000 companies for Cyclically Adjusted PB Ratio. This puts Gabelli Equity Trust in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Gabelli Equity Trust's value of 0.86 is 1.2% above this benchmark. Historically, Gabelli Equity Trust's own Cyclically Adjusted PB Ratio has ranged from 0.81 to 0.94 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.85, Gabelli Equity Trust 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 0.85, based on 1,000 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. Gabelli Equity Trust's current Cyclically Adjusted PB Ratio of 0.86 is 1.2% 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 Gabelli Equity Trust 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. Gabelli Equity Trust's current Cyclically Adjusted PB Ratio is 0.86, which is near median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gabelli Equity Trust stock overvalued right now?
Based on GuruFocus' analysis, Gabelli Equity Trust (GAB) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.79, compared to a current price of $5.70 — trading 16.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is near median its 10-year median of 0.86 and 1.2% above the Asset Management industry median of 0.85. Gabelli Equity Trust's overall GF Score™ is 58/100 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 Gabelli Equity Trust (GAB), the current Cyclically Adjusted PB Ratio is 0.86 as of Jul. 16, 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 Gabelli Equity Trust (GAB) Overvalued in 2026?
Based on GuruFocus' analysis, Gabelli Equity Trust stock appears to be undervalued.
The current stock price of $5.70 is trading 16.1% below its estimated GF Value™ of $6.79.
GuruFocus considers Gabelli Equity Trust to be Modestly Undervalued.
Key valuation signals for GAB:
Cyclically Adjusted PB Ratio: 0.86 (near median its 10-year median of 0.86)
GF Value™: $6.79 vs. price of $5.70 (16.1% below fair value)
Industry Position: 1.2% above the Asset Management median (#496 of 1000)
No single metric tells the full story. See the GAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is the long-term growth of capital with income as a secondary objective. The Fund invests at least its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, Consumer Services and others.
58GF Score
Get the complete analysis for GAB
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
GAB has been successfully added to your 
