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GAMCO Investors (GAMCO Investors) Cyclically Adjusted PB Ratio : 4.17 (As of May. 02, 2024)


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What is GAMCO Investors Cyclically Adjusted PB Ratio?

As of today (2024-05-02), GAMCO Investors's current share price is $23.00. GAMCO Investors's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was $5.52. GAMCO Investors's Cyclically Adjusted PB Ratio for today is 4.17.

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

GAMI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.05   Med: 2.16   Max: 4.06
Current: 4.06

During the past years, GAMCO Investors's highest Cyclically Adjusted PB Ratio was 4.06. The lowest was 1.05. And the median was 2.16.

GAMI's Cyclically Adjusted PB Ratio is ranked worse than
93.8% of 935 companies
in the Asset Management industry
Industry Median: 0.78 vs GAMI: 4.06

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. 2023 was $6.377. 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 $5.52 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


GAMCO Investors Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

GAMCO Investors Cyclically Adjusted PB Ratio Chart

GAMCO Investors Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.09 2.19 3.49 2.51 -

GAMCO Investors Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 2.67 2.51 3.26 3.47 -

Competitive Comparison of GAMCO Investors's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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
=23.00/5.52
=4.17

* 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. 2023 is calculated as:

For example, GAMCO Investors's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=6.377/128.7287*128.7287
=6.377

Current CPI (Jun. 2023) = 128.7287.

GAMCO Investors Quarterly Data

Book Value per Share CPI Adj_Book
201309 16.753 98.790 21.830
201312 17.532 98.326 22.953
201403 18.246 99.695 23.560
201406 19.090 100.560 24.438
201409 19.649 100.428 25.186
201412 20.308 99.070 26.388
201503 21.178 99.621 27.366
201506 21.941 100.684 28.053
201509 22.032 100.392 28.251
201512 -9.266 99.792 -11.953
201603 -8.332 100.470 -10.675
201606 -7.506 101.688 -9.502
201609 -6.738 101.861 -8.515
201612 -5.656 101.863 -7.148
201703 -5.047 102.862 -6.316
201706 -4.131 103.349 -5.145
201709 -3.582 104.136 -4.428
201712 -3.323 104.011 -4.113
201803 -2.517 105.290 -3.077
201806 -1.548 106.317 -1.874
201809 -0.419 106.507 -0.506
201812 0.332 105.998 0.403
201903 0.931 107.251 1.117
201906 0.815 108.070 0.971
201909 1.188 108.329 1.412
201912 1.998 108.420 2.372
202003 2.359 108.902 2.788
202006 2.767 108.767 3.275
202009 3.337 109.815 3.912
202012 3.160 109.897 3.701
202103 3.712 111.754 4.276
202106 2.248 114.631 2.524
202109 3.255 115.734 3.620
202112 3.512 117.630 3.843
202203 4.041 121.301 4.288
202206 4.550 125.017 4.685
202209 4.689 125.227 4.820
202212 5.415 125.222 5.567
202303 5.886 127.348 5.950
202306 6.377 128.729 6.377

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.


GAMCO Investors  (OTCPK:GAMI) 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

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


GAMCO Investors (GAMCO Investors) Business Description

Traded in Other Exchanges
Address
191 Mason Street, Greenwich, CT, USA, 06830
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 primarily on the company's levels of assets under management (AUM) and fees associated with our various investment products. Its AUM are organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.
Executives
Ggcp, Inc. 10 percent owner 189 MASON STREET, GREENWICH CT 06830
Alexis Glick director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Associated Capital Group, Inc. 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Kieran Caterina officer: Acting Co-CFO ONE CORPORATE CENTER, RYE NY 10580
Van Der Eb Henry other: Senior Vice President 100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015
Peter D. Goldstein officer: General Counsel 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Mario J Gabelli director, 10 percent owner, officer: Chairman of the Board and CEO 191 MASON STREET, GREENWICH CT 06830
Leslie B Daniels director 540 MADISON, 22ND FLOOR, NEW YORK NY 10022
Elisa M. Wilson director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Raymond Avansino director C/O ONE CORPORTATE CENTER, RYE NY 10580
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended 10 percent owner C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601
Diane Lapointe officer: Acting Co-CFO ONE CORPORATE CENTER, RYE NY 10580
Ggcp Holdings Llc 10 percent owner 140 GREENWICH AVENUE, GREENWICH CT 06830
Gabelli Securities Inc 10 percent owner ONE CORPORATE CENTER, RYE NY 10580
Kevin Handwerker officer: Executive VP & General Counsel