Conduit Capital (JSE:CND) Cyclically Adjusted PB Ratio: (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Conduit Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Conduit Capital  (JSE:CND) 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.


Conduit Capital Cyclically Adjusted PB Ratio Related Terms


Conduit Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Conduit Capital'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.

Conduit Capital Cyclically Adjusted PB Ratio Chart

Conduit Capital Annual Data
Trend Aug13 Aug14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Cyclically Adjusted PB Ratio
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Conduit Capital Semi-Annual Data
Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 0.00 0.00 0.00 0.00 0.00

JSE:CND vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, Conduit Capital'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.


Conduit Capital Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Conduit Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Conduit Capital 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.

Conduit Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun22 is calculated as:

For example, Conduit Capital's adjusted Book Value per Share data for the fiscal year that ended in Jun22 was:

Adj_Book=Book Value per Share/CPI of Jun22 (Change)*Current CPI (Jun22)
=-0.437/140.8349*140.8349
=-0.437

Current CPI (Jun22) = 140.8349.

Conduit Capital Annual Data

Book Value per Share CPI Adj_Book
201308 1.092 90.907 1.692
201408 1.497 96.794 2.178
201506 1.558 100.173 2.190
201606 1.677 106.713 2.213
201706 1.736 112.054 2.182
201806 1.980 116.959 2.384
201906 1.051 122.191 1.211
202006 0.246 124.807 0.278
202106 0.026 131.113 0.028
202206 -0.437 140.835 -0.437

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.


Conduit Capital Business Description

Address 67 Carlisle Street, Paardeneiland, Cape Town, WC, ZAF, 7405
Conduit Capital Ltd is a South Africa-based investment holding company. The company, through its subsidiaries and associates, carries on business in the financial services industry with a focus on insurance. The company serves in two segments: Insurance and Risk, and Investment. The Insurance and Risk division includes the company's insurance interests. The company writes both short-term and long-term insurance business. The long-term business consists mainly of funeral cover, comprising both individual business and group schemes. Several lines of short-term business are written, providing cover to individuals and ensuring business risks. The main short-term lines of business include Guarantee, Liability, Motor, and others.