Baillie Gifford Shin Nippon (LSE:BGS) Cyclically Adjusted PB Ratio: 0.83 (As of Jul. 17, 2026) — 56% Below Median

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LSE:BGS Baillie Gifford Shin Nippon PLC LSE:BGS
38 GF Score
Price £1.63
! 6 Warning Signs
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What is Baillie Gifford Shin Nippon Cyclically Adjusted PB Ratio?

Baillie Gifford Shin Nippon LSE:BGS -0.37% 38 Cyclically Adjusted PB Ratio is 0.83 as of Jul. 17, 2026, which is 56% below its 10-year median of 1.88. GuruFocus rates LSE:BGS with a GF Score™ of 38/100. The stock has 6 warning signs investors should review. Among 999 Asset Management companies, Baillie Gifford Shin Nippon ranks better than 51.75% on this metric.

As of today (2026-07-17), Baillie Gifford Shin Nippon's current share price is £1.634. Baillie Gifford Shin Nippon's Cyclically Adjusted Book per Share for the fiscal year that ended in Jan26 was £1.97. Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio for today is 0.83.

The historical rank and industry rank for Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:BGS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.88   Max: 3.37
Current: 0.83

During the past 13 years, Baillie Gifford Shin Nippon's highest Cyclically Adjusted PB Ratio was 3.37. The lowest was 0.53. And the median was 1.88.

LSE:BGS's Cyclically Adjusted PB Ratio is ranked better than
51.75% of 999 companies
in the Asset Management industry
Industry Median: 0.85 vs LSE:BGS: 0.83

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.

Baillie Gifford Shin Nippon's adjusted book value per share data of for the fiscal year that ended in Jan26 was £1.463. 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 £1.97 for the trailing ten years ended in Jan26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baillie Gifford Shin Nippon  (LSE:BGS) 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.


Baillie Gifford Shin Nippon Cyclically Adjusted PB Ratio Related Terms


Baillie Gifford Shin Nippon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Baillie Gifford Shin Nippon'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.

Baillie Gifford Shin Nippon Cyclically Adjusted PB Ratio Chart

Baillie Gifford Shin Nippon Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 0.97 0.71 0.63 0.69

Baillie Gifford Shin Nippon Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.71 0.00 0.63 0.00 0.69

LSE:BGS vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Baillie Gifford Shin Nippon'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.


Baillie Gifford Shin Nippon Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio falls into.


LSE:BGS
38GF Score
Baillie Gifford Shin Nippon PLC LSE:BGS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Baillie Gifford Shin Nippon 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.

Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.634/1.97
=0.83

* 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.

Baillie Gifford Shin Nippon's Cyclically Adjusted Book per Share for the fiscal year that ended in Jan26 is calculated as:

For example, Baillie Gifford Shin Nippon's adjusted Book Value per Share data for the fiscal year that ended in Jan26 was:

Adj_Book=Book Value per Share/CPI of Jan26 (Change)*Current CPI (Jan26)
=1.463/139.4000*139.4000
=1.463

Current CPI (Jan26) = 139.4000.

Baillie Gifford Shin Nippon Annual Data

Book Value per Share CPI Adj_Book
201701 1.158 101.800 1.586
201801 1.691 104.500 2.256
201901 1.588 106.400 2.081
202001 1.730 108.300 2.227
202101 2.317 109.300 2.955
202201 1.759 114.600 2.140
202301 1.736 124.800 1.939
202401 1.478 130.000 1.585
202501 1.394 135.100 1.438
202601 1.463 139.400 1.463

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.

What does a Cyclically Adjusted PB Ratio of 0.83 mean?
Baillie Gifford Shin Nippon (LSE:BGS) has a Cyclically Adjusted PB Ratio of 0.83 as of Jul. 17, 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 Baillie Gifford Shin Nippon and its competitors. This is 56% below median its historical median of 1.88. Over the past decade, Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio has ranged from 0.53 to 3.37. According to the industry distribution chart, Baillie Gifford Shin Nippon ranks #482 out of 999 companies in the Asset Management industry, placing it in the top 48.2%.
Is Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio too high?
Baillie Gifford Shin Nippon's current Cyclically Adjusted PB Ratio of 0.83 is 56% below median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 3.37. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Baillie Gifford Shin Nippon's value of 0.83 is 2.4% below this industry median. Based on the distribution chart, Baillie Gifford Shin Nippon ranks #482 out of 999 companies in the Asset Management industry, which is above the industry midpoint. Overall, Baillie Gifford Shin Nippon has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Baillie Gifford Shin Nippon's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Baillie Gifford Shin Nippon ranks #482 out of 999 companies for Cyclically Adjusted PB Ratio. This puts Baillie Gifford Shin Nippon in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Baillie Gifford Shin Nippon's value of 0.83 is 2.4% below this benchmark. Historically, Baillie Gifford Shin Nippon's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 3.37 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 0.85, Baillie Gifford Shin Nippon has consistently been below the industry average. 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 0.85, based on 999 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. Baillie Gifford Shin Nippon's current Cyclically Adjusted PB Ratio of 0.83 is 2.4% 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 Baillie Gifford Shin Nippon and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baillie Gifford Shin Nippon's current Cyclically Adjusted PB Ratio is 0.83, which is 56% below median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baillie Gifford Shin Nippon stock overvalued right now?
Baillie Gifford Shin Nippon (LSE:BGS) has a current Cyclically Adjusted PB Ratio of 0.83. The current Cyclically Adjusted PB Ratio is 0.83, which is 56% below median its 10-year median of 1.88 and 2.4% below the Asset Management industry median of 0.85. Baillie Gifford Shin Nippon's overall GF Score™ is 38/100 with 6 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 Baillie Gifford Shin Nippon (LSE:BGS), the current Cyclically Adjusted PB Ratio is 0.83 as of Jul. 17, 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.

Baillie Gifford Shin Nippon Business Description

Address Calton Square, 1 Greenside Row, Edinburgh, GBR, EH1 3AN
Baillie Gifford Shin Nippon PLC is an investment company that offers investors participation in a diversified portfolio of shares. Its objective is long-term capital growth from investments in small Japanese companies. The Company is engaged in a single segment of business, being the investment business. The group's investment portfolio is constructed through the identification of individual companies. It invests in consumer discretionary, consumer staples, Communication Services, Financials, Healthcare, Industrials, Information Technology, Real Estate, and Others.
38GF Score

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

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