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The historical rank and industry rank for PGIM Global High Yield Fund,'s Cyclically Adjusted PB Ratio or its related term are showing as below:
GHY's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.84 * 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.
PGIM Global High Yield Fund,'s adjusted book value per share data of for the fiscal year that ended in Jul25 was $13.180. 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 $17.91 for the trailing ten years ended in Jul25.
Shiller PE for Stocks: The True Measure of Stock Valuation
PGIM Global High Yield Fund, (NYSE:GHY) 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.
PGIM Global High Yield Fund, Cyclically Adjusted PB Ratio Related Terms
PGIM Global High Yield 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.
PGIM Global High Yield Fund, Cyclically Adjusted PB Ratio Chart
GHY vs FFA, ETB, HKHC: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, PGIM Global High Yield 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.
PGIM Global High Yield Fund, Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PGIM Global High Yield Fund,'s Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where PGIM Global High Yield Fund,'s Cyclically Adjusted PB Ratio falls into.
PGIM Global High Yield 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 0.63 mean?
PGIM Global High Yield Fund, (GHY) has a Cyclically Adjusted PB Ratio of 0.63 as of Sep. 22, 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 PGIM Global High Yield Fund, and its competitors. According to the industry distribution chart, PGIM Global High Yield Fund, ranks #999999 out of 967 companies in the Asset Management industry.
Is PGIM Global High Yield Fund,'s Cyclically Adjusted PB Ratio too high?
PGIM Global High Yield Fund,'s current Cyclically Adjusted PB Ratio is 0.63. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. PGIM Global High Yield Fund,'s value of 0.63 is 25% below this industry median. Based on the distribution chart, PGIM Global High Yield Fund, ranks #999999 out of 967 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PGIM Global High Yield Fund, has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PGIM Global High Yield Fund,'s Cyclically Adjusted PB Ratio compare to FFA and ETB?
According to the Asset Management industry distribution chart, PGIM Global High Yield Fund, ranks #999999 out of 967 companies for Cyclically Adjusted PB Ratio. This places PGIM Global High Yield Fund, in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. PGIM Global High Yield Fund,'s value of 0.63 is 25% 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 0.84, based on 967 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. PGIM Global High Yield Fund,'s current Cyclically Adjusted PB Ratio of 0.63 is 25% 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 PGIM Global High Yield Fund, and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PGIM Global High Yield Fund,'s current Cyclically Adjusted PB Ratio is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PGIM Global High Yield Fund, stock overvalued right now?
Based on GuruFocus' analysis, PGIM Global High Yield Fund, (GHY) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.34, compared to a current price of $11.21 — trading 21.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.63 and 25% below the Asset Management industry median of 0.84. PGIM Global High Yield Fund,'s overall GF Score™ is 53/100 with 4 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 PGIM Global High Yield Fund, (GHY), the current Cyclically Adjusted PB Ratio is 0.63 as of Sep. 22, 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 PGIM Global High Yield Fund, (GHY) Overvalued in 2026?
Based on GuruFocus' analysis, PGIM Global High Yield Fund, stock appears to be undervalued.
The current stock price of $11.21 is trading 21.8% below its estimated GF Value™ of $14.34.
GuruFocus considers PGIM Global High Yield Fund, to be Modestly Undervalued.
Key valuation signals for GHY:
Cyclically Adjusted PB Ratio: 0.63
GF Value™: $14.34 vs. price of $11.21 (21.8% below fair value)
Industry Position: 25% below the Asset Management median (#999999 of 967)
No single metric tells the full story. See the GHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PGIM Global High Yield Fund, Inc is a diversified, closed-end management investment company. The fund's investment objective is to provide a high level of current income. The fund seeks to provide a high level of current income by investing in higher-rated, below-investment-grade fixed income instruments of issuers located around the world, including emerging markets.
53GF Score
Get the complete analysis for GHY
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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