GROW (US Global Investors) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

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.
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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.

GROW US Global Investors Inc GROW
59 GF Score
Price $2.99
GF Value $2.23
Valuation Significantly Overvalued
! 5 Warning Signs
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What is US Global Investors Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


US Global Investors  (NAS:GROW) 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.


US Global Investors Cyclically Adjusted PB Ratio Related Terms


US Global Investors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for US Global 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.

US Global Investors Cyclically Adjusted PB Ratio Chart

US Global Investors Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 1.17 0.95 0.90 0.00

US Global 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 0.90 0.93 0.81 0.81 0.00

GROW vs FGNX, GRF, RMCO: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, US Global 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.


US Global Investors Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


GROW
59GF Score
US Global Investors Inc GROW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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US Global 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.

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

For example, US Global 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)
=3.636/333.9520*333.9520
=3.636

Current CPI (Jun. 2026) = 333.9520.

US Global Investors Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.663 241.428 2.300
201612 1.632 241.432 2.257
201703 1.610 243.801 2.205
201706 1.572 244.955 2.143
201709 2.252 246.819 3.047
201712 2.574 246.524 3.487
201803 2.000 249.554 2.676
201806 1.686 251.989 2.234
201809 1.612 252.439 2.133
201812 1.382 251.233 1.837
201903 1.428 254.202 1.876
201906 1.435 256.143 1.871
201909 1.191 256.759 1.549
201912 1.118 256.974 1.453
202003 1.017 258.115 1.316
202006 1.112 257.797 1.440
202009 1.233 260.280 1.582
202012 2.330 260.474 2.987
202103 3.362 264.877 4.239
202106 3.613 271.696 4.441
202109 3.731 274.310 4.542
202112 3.931 278.802 4.709
202203 3.813 287.504 4.429
202206 3.596 296.311 4.053
202209 3.731 296.808 4.198
202212 3.530 296.797 3.972
202303 3.612 301.836 3.996
202306 3.572 305.109 3.910
202309 3.528 307.789 3.828
202312 3.588 306.746 3.906
202403 3.566 312.332 3.813
202406 3.546 314.175 3.769
202409 3.548 315.301 3.758
202412 3.528 315.605 3.733
202503 3.487 319.799 3.641
202506 3.464 322.561 3.586
202509 3.565 324.800 3.665
202512 3.493 324.054 3.600
202603 3.692 330.213 3.734
202606 3.636 333.952 3.636

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.

Is US Global Investors (GROW) Overvalued in 2026?

Based on GuruFocus' analysis, US Global Investors stock appears to be overvalued. The current stock price of $2.99 is trading 34.1% above its estimated GF Value™ of $2.23. GuruFocus considers US Global Investors to be Significantly Overvalued.

Key valuation signals for GROW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.23 vs. price of $2.99 (34.1% above fair value)
  • GF Score™: 59/100 with 5 warning signs

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


US Global Investors Business Description

Other Exchanges 0LHX:UKUGL:Germany
Address 7900 Callaghan Road, San Antonio, TX, USA, 78229
US Global Investors Inc is a registered investment advisory firm. The company manages the following business segments: Investment management services; through which the company offers, to U.S. Global Investors Funds (USGIF or the Funds) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors; and Corporate Investments, through which the company invests for its own account in an effort to add growth and value to its cash position. It derives all its revenue from Investment management services.
59GF Score

Get the complete analysis for GROW

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

$2.99
Price
$2.23
GF Value