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Albion Venture Capital Trust (LSE:AAVC) Cyclically Adjusted PB Ratio : 0.49 (As of Dec. 13, 2024)


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What is Albion Venture Capital Trust Cyclically Adjusted PB Ratio?

As of today (2024-12-13), Albion Venture Capital Trust's current share price is £0.40. Albion Venture Capital Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was £0.81. Albion Venture Capital Trust's Cyclically Adjusted PB Ratio for today is 0.49.

The historical rank and industry rank for Albion Venture Capital Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:AAVC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.72   Max: 0.91
Current: 0.49

During the past 13 years, Albion Venture Capital Trust's highest Cyclically Adjusted PB Ratio was 0.91. The lowest was 0.49. And the median was 0.72.

LSE:AAVC's Cyclically Adjusted PB Ratio is ranked better than
78.11% of 932 companies
in the Asset Management industry
Industry Median: 0.805 vs LSE:AAVC: 0.49

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.

Albion Venture Capital Trust's adjusted book value per share data of for the fiscal year that ended in Mar24 was £0.449. 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 £0.81 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Albion Venture Capital Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Albion Venture Capital 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.

* Premium members only.

Albion Venture Capital Trust Cyclically Adjusted PB Ratio Chart

Albion Venture Capital Trust Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.86 0.61 0.58 0.53

Albion Venture Capital Trust Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - 0.58 - 0.53 -

Competitive Comparison of Albion Venture Capital Trust's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Albion Venture Capital 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.


Albion Venture Capital Trust's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Albion Venture Capital Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Albion Venture Capital 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.

Albion Venture Capital Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.40/0.81
=0.49

* 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.

Albion Venture Capital Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Albion Venture Capital Trust's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=0.449/131.6000*131.6000
=0.449

Current CPI (Mar24) = 131.6000.

Albion Venture Capital Trust Annual Data

Book Value per Share CPI Adj_Book
201503 0.716 99.600 0.946
201603 0.720 100.400 0.944
201703 0.754 102.700 0.966
201803 0.760 105.100 0.952
201903 0.790 107.000 0.972
202003 0.701 108.600 0.849
202103 0.731 109.700 0.877
202203 0.534 116.500 0.603
202303 0.509 126.800 0.528
202403 0.449 131.600 0.449

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.


Albion Venture Capital Trust  (LSE:AAVC) 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.


Albion Venture Capital Trust Cyclically Adjusted PB Ratio Related Terms

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


Albion Venture Capital Trust Business Description

Traded in Other Exchanges
N/A
Address
1 Benjamin Street, London, GBR, EC1M 5QL
Albion Venture Capital Trust PLC is a UK-based venture capital trust. The principal activity of the company is to select and hold a portfolio of investments in unquoted securities. Its investment objectives are to manage the risk normally associated with investments in smaller unquoted companies while maintaining an attractive yield, by allowing investors to participate in a balanced portfolio of asset-backed businesses. The firm invests in various sectors, including healthcare, renewable energy, software and other technology, cash and cash equivalents, and others. Its investments are normally structured as a mixture of equity and loan stock. Loan stock represents the majority of the finance provided and is secured on the assets of the portfolio company.

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