Foresight Technology VCT (LSE:FWT) Cyclically Adjusted PB Ratio: 0.84 (As of Aug. 05, 2026) — 10% Below Median

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LSE:FWT Foresight Technology VCT PLC LSE:FWT
40 GF Score
Price £0.88
! 2 Warning Signs
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What is Foresight Technology VCT Cyclically Adjusted PB Ratio?

Foresight Technology VCT LSE:FWT 40 Cyclically Adjusted PB Ratio is 0.84 as of Aug. 05, 2026, which is 10% below its 10-year median of 0.93. GuruFocus rates LSE:FWT with a GF Score™ of 40/100. The stock has 2 warning signs investors should review. Among 998 Asset Management companies, Foresight Technology VCT ranks better than 50.4% on this metric.

As of today (2026-08-05), Foresight Technology VCT's current share price is £0.88. Foresight Technology VCT's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was £1.05. Foresight Technology VCT's Cyclically Adjusted PB Ratio for today is 0.84.

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

LSE:FWT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 0.93   Max: 0.96
Current: 0.84

During the past 13 years, Foresight Technology VCT's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.82. And the median was 0.93.

LSE:FWT's Cyclically Adjusted PB Ratio is ranked better than
50.4% of 998 companies
in the Asset Management industry
Industry Median: 0.84 vs LSE:FWT: 0.84

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.

Foresight Technology VCT's adjusted book value per share data of for the fiscal year that ended in Mar26 was £0.911. 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 £1.05 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Foresight Technology VCT  (LSE:FWT) 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.


Foresight Technology VCT Cyclically Adjusted PB Ratio Related Terms


Foresight Technology VCT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Foresight Technology VCT'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.

Foresight Technology VCT Cyclically Adjusted PB Ratio Chart

Foresight Technology VCT Annual Data
Trend Jun16 Jun17 Jun18 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.92 0.93 0.89 0.84

Foresight Technology VCT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.93 0.00 0.89 0.00 0.84

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

For the Asset Management subindustry, Foresight Technology VCT'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.


Foresight Technology VCT Cyclically Adjusted PB Ratio vs Asset Management Industry

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

* The bar in red indicates where Foresight Technology VCT's Cyclically Adjusted PB Ratio falls into.


LSE:FWT
40GF Score
Foresight Technology VCT PLC LSE:FWT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Foresight Technology VCT 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.

Foresight Technology VCT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.88/1.05
=0.84

* 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.

Foresight Technology VCT's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Foresight Technology VCT's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=0.911/140.8000*140.8000
=0.911

Current CPI (Mar26) = 140.8000.

Foresight Technology VCT Annual Data

Book Value per Share CPI Adj_Book
201606 0.958 101.000 1.336
201706 0.944 103.500 1.284
201806 0.930 105.900 1.236
202003 0.759 108.600 0.984
202103 0.753 109.700 0.966
202203 1.040 116.500 1.257
202303 0.445 126.800 0.494
202403 0.988 131.600 1.057
202503 0.914 136.100 0.946
202603 0.911 140.800 0.911

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 0.84 mean?
Foresight Technology VCT (LSE:FWT) has a Cyclically Adjusted PB Ratio of 0.84 as of Aug. 05, 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 Foresight Technology VCT and its competitors. This is 10% below median its historical median of 0.93. Over the past decade, Foresight Technology VCT's Cyclically Adjusted PB Ratio has ranged from 0.82 to 0.96. According to the industry distribution chart, Foresight Technology VCT ranks #495 out of 998 companies in the Asset Management industry, placing it in the top 49.6%.
Is Foresight Technology VCT's Cyclically Adjusted PB Ratio too high?
Foresight Technology VCT's current Cyclically Adjusted PB Ratio of 0.84 is 10% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 0.96. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Foresight Technology VCT's value of 0.84 is 0% at this industry median. Based on the distribution chart, Foresight Technology VCT ranks #495 out of 998 companies in the Asset Management industry, which is above the industry midpoint. Overall, Foresight Technology VCT has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Foresight Technology VCT's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Foresight Technology VCT ranks #495 out of 998 companies for Cyclically Adjusted PB Ratio. This puts Foresight Technology VCT in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Foresight Technology VCT's value of 0.84 is 0% at this benchmark. Historically, Foresight Technology VCT's own Cyclically Adjusted PB Ratio has ranged from 0.82 to 0.96 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.84, Foresight Technology VCT has consistently been at 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 998 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. Foresight Technology VCT's current Cyclically Adjusted PB Ratio of 0.84 is 0% at 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 Foresight Technology VCT 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. Foresight Technology VCT's current Cyclically Adjusted PB Ratio is 0.84, which is 10% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foresight Technology VCT stock overvalued right now?
Foresight Technology VCT (LSE:FWT) has a current Cyclically Adjusted PB Ratio of 0.84. The current Cyclically Adjusted PB Ratio is 0.84, which is 10% below median its 10-year median of 0.93 and 0% at the Asset Management industry median of 0.84. Foresight Technology VCT's overall GF Score™ is 40/100 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 Foresight Technology VCT (LSE:FWT), the current Cyclically Adjusted PB Ratio is 0.84 as of Aug. 05, 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.

Foresight Technology VCT Business Description

Address c/o Foresight Group LLP, 32 London Bridge Street, The Shard, London, GBR, SE1 9SG
Foresight Technology VCT PLC F is an infrastructure and private equity investment management firm. The company's activity is to provide private investors with capital growth from a portfolio of investments in fast-growing unquoted companies in the UK. The company invests in early-stage firms with high growth potential, developing transformational technologies across a range of different sectors. It invests in a range of securities including, but not limited to, ordinary and preference shares, loan stock, convertible securities, fixed-interest securities, and cash.
40GF 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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