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Candover Investments (LSE:CDRIF) Cyclically Adjusted PB Ratio : (As of Sep. 22, 2024)


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What is Candover Investments Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Candover Investments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Candover Investments'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.

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Candover Investments Cyclically Adjusted PB Ratio Chart

Candover Investments Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PB Ratio
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Candover Investments Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
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Competitive Comparison of Candover Investments's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Candover Investments'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.


Candover Investments's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Candover Investments 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.

Candover Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec16 is calculated as:

For example, Candover Investments's adjusted Book Value per Share data for the fiscal year that ended in Dec16 was:

Adj_Book=Book Value per Share/CPI of Dec16 (Change)*Current CPI (Dec16)
=2.041/102.2000*102.2000
=2.041

Current CPI (Dec16) = 102.2000.

Candover Investments Annual Data

Book Value per Share CPI Adj_Book
200712 41.625 84.500 50.344
200812 15.303 87.100 17.956
200912 16.921 88.900 19.452
201012 12.743 91.700 14.202
201112 11.200 95.000 12.049
201212 9.851 97.300 10.347
201312 11.765 99.200 12.121
201412 8.565 99.900 8.762
201512 3.657 100.400 3.723
201612 2.041 102.200 2.041

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.


Candover Investments  (LSE:CDRIF) 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.


Candover Investments Cyclically Adjusted PB Ratio Related Terms

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Candover Investments Business Description

Traded in Other Exchanges
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Address
Candover Investments plc is a UK-based private equity investment trust. The company's objective is to optimize the long-term value of the portfolio for its shareholders. Its portfolio comprises investments in four privately owned European businesses, acquired by investing alongside funds managed by Arle Capital LLP, an independent private equity partnership. The group generally invests in sectors, such as industrials, services, and energy and natural resources.

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