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GCP Infrastructure Investments (LSE:GCP) Cyclically Adjusted PB Ratio : 0.60 (As of Jun. 24, 2024)


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What is GCP Infrastructure Investments Cyclically Adjusted PB Ratio?

As of today (2024-06-24), GCP Infrastructure Investments's current share price is £0.774. GCP Infrastructure Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 was £1.29. GCP Infrastructure Investments's Cyclically Adjusted PB Ratio for today is 0.60.

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: 0.89   Max: 1.05
Current: 0.6

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 0.89.

LSE:GCP's Cyclically Adjusted PB Ratio is ranked better than
69.5% of 954 companies
in the Asset Management industry
Industry Median: 0.79 vs LSE:GCP: 0.60

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 Sep23 was £1.098. 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 £1.29 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


GCP Infrastructure Investments Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

GCP Infrastructure Investments Cyclically Adjusted PB Ratio Chart

GCP Infrastructure Investments Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.05 0.87 0.80 0.53

GCP Infrastructure Investments Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 - 0.80 - 0.53 -

Competitive Comparison of GCP Infrastructure Investments's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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
=0.774/1.29
=0.60

* 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 Sep23 is calculated as:

For example, GCP Infrastructure Investments's adjusted Book Value per Share data for the fiscal year that ended in Sep23 was:

Adj_Book=Book Value per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=1.098/129.8595*129.8595
=1.098

Current CPI (Sep23) = 129.8595.

GCP Infrastructure Investments Annual Data

Book Value per Share CPI Adj_Book
201409 1.045 100.428 1.351
201509 1.075 100.392 1.391
201609 1.097 101.861 1.399
201709 1.106 104.136 1.379
201809 1.125 106.507 1.372
201909 1.117 108.329 1.339
202009 1.040 109.815 1.230
202109 1.039 115.734 1.166
202209 1.128 125.227 1.170
202309 1.098 129.860 1.098

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.


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

Thank you for viewing the detailed overview of GCP Infrastructure Investments's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


GCP Infrastructure Investments (LSE:GCP) Business Description

Traded in Other Exchanges
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.

GCP Infrastructure Investments (LSE:GCP) Headlines

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