Burford Capital (LSE:BUR) Cyclically Adjusted PB Ratio: 0.39 (As of Sep. 16, 2026) — 39% Below Median

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LSE:BUR Burford Capital Ltd LSE:BUR
56 GF Score
Price £3.16
GF Value £4.10
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Burford Capital Cyclically Adjusted PB Ratio?

Burford Capital LSE:BUR -0.82% 56 Cyclically Adjusted PB Ratio is 0.39 as of Sep. 16, 2026, which is 39% below its 10-year median of 0.64. GuruFocus rates LSE:BUR with a GF Score™ of 56/100 and a GF Value™ of £4.10 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 967 Asset Management companies, Burford Capital ranks better than 67.74% on this metric.

As of today (2026-09-16), Burford Capital's current share price is £3.162. Burford Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £8.08. Burford Capital's Cyclically Adjusted PB Ratio for today is 0.39.

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

LSE:BUR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.64   Max: 1.39
Current: 0.62

During the past 13 years, Burford Capital's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.56. And the median was 0.64.

LSE:BUR's Cyclically Adjusted PB Ratio is ranked better than
67.74% of 967 companies
in the Asset Management industry
Industry Median: 0.84 vs LSE:BUR: 0.62

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.

Burford Capital's adjusted book value per share data of for the fiscal year that ended in Dec25 was £10.623. 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 £8.08 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Burford Capital  (LSE:BUR) 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.


Burford Capital Cyclically Adjusted PB Ratio Related Terms


Burford Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Burford 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.

Burford Capital Cyclically Adjusted PB Ratio Chart

Burford Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.11 1.43 2.08 1.47 0.82

Burford Capital Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 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 1.19 1.22 0.82 0.38 0.37

LSE:BUR vs RPC, OXLC, PDX: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Burford 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.


Burford Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


LSE:BUR
56GF Score
Burford Capital Ltd LSE:BUR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Burford 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.

Burford Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.162/8.084
=0.39

* 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.

Burford Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Burford Capital's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=10.623/324.0540*324.0540
=10.623

Current CPI (Dec25) = 324.0540.

Burford Capital Annual Data

Book Value per Share CPI Adj_Book
201612 2.317 241.432 3.110
201712 2.835 246.524 3.727
201812 4.895 251.233 6.314
201912 5.292 256.974 6.673
202012 6.364 260.474 7.917
202112 7.105 278.802 8.258
202212 9.079 296.797 9.913
202312 11.492 306.746 12.140
202412 11.851 315.605 12.168
202512 10.623 324.054 10.623

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 0.39 mean?
Burford Capital (LSE:BUR) has a Cyclically Adjusted PB Ratio of 0.39 as of Sep. 16, 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 Burford Capital and its competitors. This is 39% below median its historical median of 0.64. Over the past decade, Burford Capital's Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.39. According to the industry distribution chart, Burford Capital ranks #312 out of 967 companies in the Asset Management industry, placing it in the top 32.3%.
Is Burford Capital's Cyclically Adjusted PB Ratio too high?
Burford Capital's current Cyclically Adjusted PB Ratio of 0.39 is 39% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.39. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Burford Capital's value of 0.39 is 53.6% below this industry median. Based on the distribution chart, Burford Capital ranks #312 out of 967 companies in the Asset Management industry, which is above the industry midpoint. Overall, Burford Capital has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Burford Capital's Cyclically Adjusted PB Ratio compare to RPC and OXLC?
According to the Asset Management industry distribution chart, Burford Capital ranks #312 out of 967 companies for Cyclically Adjusted PB Ratio. This puts Burford Capital in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Burford Capital's value of 0.39 is 53.6% below this benchmark. Historically, Burford Capital's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.39 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.84, Burford Capital 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 0.84, 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. Burford Capital's current Cyclically Adjusted PB Ratio of 0.39 is 53.6% 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 Burford Capital 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. Burford Capital's current Cyclically Adjusted PB Ratio is 0.39, which is 39% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burford Capital stock overvalued right now?
Based on GuruFocus' analysis, Burford Capital (LSE:BUR) is currently considered Modestly Undervalued. The stock's GF Value™ is £4.10, compared to a current price of £3.16 — trading 22.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.39, which is 39% below median its 10-year median of 0.64 and 53.6% below the Asset Management industry median of 0.84. Burford Capital's overall GF Score™ is 56/100 with 2 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 Burford Capital (LSE:BUR), the current Cyclically Adjusted PB Ratio is 0.39 as of Sep. 16, 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 Burford Capital (LSE:BUR) Overvalued in 2026?

Based on GuruFocus' analysis, Burford Capital stock appears to be undervalued. The current stock price of £3.16 is trading 22.9% below its estimated GF Value™ of £4.10. GuruFocus considers Burford Capital to be Modestly Undervalued.

Key valuation signals for LSE:BUR:

  • Cyclically Adjusted PB Ratio: 0.39 (39% below median its 10-year median of 0.64)
  • GF Value™: £4.10 vs. price of £3.16 (22.9% below fair value)
  • GF Score™: 56/100 with 2 warning signs
  • Industry Position: 53.6% below the Asset Management median (#312 of 967)

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


Burford Capital Business Description

Other Exchanges BUR:USABURl:UK9BF:Germany
Address Hirzel Street, Oak House, St Peter Port, GGY, GY1 2NP
Burford Capital Ltd provides capital against the underlying value of litigation and legal assets, known as legal finance, serving the legal industry with financial products and services. Its business is funding clients engaged in ongoing legal disputes to pay legal fees and monetize the expected future value of disputes, focusing on large, complex matters. The company has two reportable segments: Principal Finance, which earns maximum revenue and allocates capital to legal finance assets from its balance sheet and through interests in private funds managed by the company, and Asset Management and Other Services, which manages legal finance assets for third-party investors and provides other services to the legal industry.
56GF Score

Get the complete analysis for LSE:BUR

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

£3.16
Price
£4.10
GF Value