GCP Infrastructure Investments (LSE:GCP) Cyclically Adjusted PB Ratio: 0.64 (As of Jul. 29, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:GCP GCP Infrastructure Investments Ltd LSE:GCP
63 GF Score
Price £0.82
GF Value £1.23
Valuation Significantly Undervalued
! 8 Warning Signs
View Full Analysis

What is GCP Infrastructure Investments Cyclically Adjusted PB Ratio?

GCP Infrastructure Investments LSE:GCP -0.12% 63 Cyclically Adjusted PB Ratio is 0.64 as of Jul. 29, 2026, which is 2% above its 10-year median of 0.63. GuruFocus rates LSE:GCP with a GF Score™ of 63/100 and a GF Value™ of £1.23 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 1,001 Asset Management companies, GCP Infrastructure Investments ranks better than 66.73% on this metric.

As of today (2026-07-29), GCP Infrastructure Investments's current share price is £0.824. GCP Infrastructure Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 was £1.28. GCP Infrastructure Investments's Cyclically Adjusted PB Ratio for today is 0.64.

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

LSE:GCP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.63   Max: 1.05
Current: 0.64

During the past 13 years, GCP Infrastructure Investments's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.47. And the median was 0.63.

LSE:GCP's Cyclically Adjusted PB Ratio is ranked better than
66.73% of 1001 companies
in the Asset Management industry
Industry Median: 0.84 vs LSE:GCP: 0.64

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.

GCP Infrastructure Investments's adjusted book value per share data of for the fiscal year that ended in Sep25 was £1.014. 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 £1.28 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


GCP Infrastructure Investments  (LSE:GCP) 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.


GCP Infrastructure Investments Cyclically Adjusted PB Ratio Related Terms


GCP Infrastructure Investments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GCP Infrastructure 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.

GCP Infrastructure Investments Cyclically Adjusted PB Ratio Chart

GCP Infrastructure Investments Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.80 0.53 0.61 0.57

GCP Infrastructure Investments Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 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 0.00 0.61 0.00 0.57 0.00

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

For the Asset Management subindustry, GCP Infrastructure 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.


GCP Infrastructure Investments Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


LSE:GCP
63GF Score
GCP Infrastructure Investments Ltd LSE:GCP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GCP Infrastructure 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.

GCP Infrastructure Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.824/1.28
=0.64

* 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.

GCP Infrastructure Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, GCP Infrastructure Investments's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=1.014/324.8000*324.8000
=1.014

Current CPI (Sep25) = 324.8000.

GCP Infrastructure Investments Annual Data

Book Value per Share CPI Adj_Book
201609 1.097 241.428 1.476
201709 1.106 246.819 1.455
201809 1.125 252.439 1.447
201909 1.117 256.759 1.413
202009 1.040 260.280 1.298
202109 1.039 274.310 1.230
202209 1.128 296.808 1.234
202309 1.098 307.789 1.159
202409 1.052 315.301 1.084
202509 1.014 324.800 1.014

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 0.64 mean?
GCP Infrastructure Investments (LSE:GCP) has a Cyclically Adjusted PB Ratio of 0.64 as of Jul. 29, 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 GCP Infrastructure Investments and its competitors. This is near median its historical median of 0.63. Over the past decade, GCP Infrastructure Investments' Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.05. According to the industry distribution chart, GCP Infrastructure Investments ranks #333 out of 1001 companies in the Asset Management industry, placing it in the top 33.3%.
Is GCP Infrastructure Investments' Cyclically Adjusted PB Ratio too high?
GCP Infrastructure Investments' current Cyclically Adjusted PB Ratio of 0.64 is near median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.05. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. GCP Infrastructure Investments' value of 0.64 is 23.8% below this industry median. Based on the distribution chart, GCP Infrastructure Investments ranks #333 out of 1001 companies in the Asset Management industry, which is above the industry midpoint. Overall, GCP Infrastructure Investments has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GCP Infrastructure Investments' Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, GCP Infrastructure Investments ranks #333 out of 1001 companies for Cyclically Adjusted PB Ratio. This puts GCP Infrastructure Investments in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. GCP Infrastructure Investments' value of 0.64 is 23.8% below this benchmark. Historically, GCP Infrastructure Investments' own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.05 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.84, GCP Infrastructure Investments 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 1,001 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. GCP Infrastructure Investments's current Cyclically Adjusted PB Ratio of 0.64 is 23.8% 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 GCP Infrastructure Investments 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. GCP Infrastructure Investments's current Cyclically Adjusted PB Ratio is 0.64, which is near median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCP Infrastructure Investments stock overvalued right now?
Based on GuruFocus' analysis, GCP Infrastructure Investments (LSE:GCP) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.23, compared to a current price of £0.82 — trading 33% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is near median its 10-year median of 0.63 and 23.8% below the Asset Management industry median of 0.84. GCP Infrastructure Investments' overall GF Score™ is 63/100 with 8 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 GCP Infrastructure Investments (LSE:GCP), the current Cyclically Adjusted PB Ratio is 0.64 as of Jul. 29, 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 GCP Infrastructure Investments (LSE:GCP) Overvalued in 2026?

Based on GuruFocus' analysis, GCP Infrastructure Investments stock appears to be undervalued. The current stock price of £0.82 is trading 33% below its estimated GF Value™ of £1.23. GuruFocus considers GCP Infrastructure Investments to be Significantly Undervalued.

Key valuation signals for LSE:GCP:

  • Cyclically Adjusted PB Ratio: 0.64 (near median its 10-year median of 0.63)
  • GF Value™: £1.23 vs. price of £0.82 (33% below fair value)
  • GF Score™: 63/100 with 8 warning signs
  • Industry Position: 23.8% below the Asset Management median (#333 of 1001)

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


GCP Infrastructure Investments Business Description

Address IFC 5, Saint Helier, JEY, JE1 1ST
GCP Infrastructure Investments Ltd is a closed-ended investment company. The company's investment objectives are to provide its shareholders with regular, sustained, long-term distributions and to preserve the capital value of its investment assets over the long term, by generating exposure to subordinated private finance initiative (PFI) debt and similar assets. It mainly makes investments in subordinated debt instruments issued by infrastructure project companies and assets with a similar economic effect. The company also acquires the senior debt of infrastructure project companies. The company makes use of leverage to finance the acquisition of investments and enhance returns to investors as well as the gearing of investments.
63GF Score

Get the complete analysis for LSE:GCP

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

£0.82
Price
£1.23
GF Value