Gresham House Renewable Energy VCT 2 (LSE:GV2O) Cyclically Adjusted PB Ratio: 0.12 (As of Aug. 14, 2026)

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:GV2O Gresham House Renewable Energy VCT 2 PLC LSE:GV2O
12 GF Score
Price £0.06
View Full Analysis

What is Gresham House Renewable Energy VCT 2 Cyclically Adjusted PB Ratio?

Gresham House Renewable Energy VCT 2 LSE:GV2O 12 Cyclically Adjusted PB Ratio is 0.12 as of Aug. 14, 2026. GuruFocus rates LSE:GV2O with a GF Score™ of 12/100.

As of today (2026-08-14), Gresham House Renewable Energy VCT 2's current share price is £0.055. Gresham House Renewable Energy VCT 2's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep24 was £0.47. Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio for today is 0.12.

The historical rank and industry rank for Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:GV2O's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.87
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Gresham House Renewable Energy VCT 2's adjusted book value per share data of for the fiscal year that ended in Sep24 was £0.152. 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 £0.47 for the trailing ten years ended in Sep24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gresham House Renewable Energy VCT 2  (LSE:GV2O) 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.


Gresham House Renewable Energy VCT 2 Cyclically Adjusted PB Ratio Related Terms


Gresham House Renewable Energy VCT 2 Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gresham House Renewable Energy VCT 2'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.

Gresham House Renewable Energy VCT 2 Cyclically Adjusted PB Ratio Chart

Gresham House Renewable Energy VCT 2 Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 1.66 1.72 1.36 0.94

Gresham House Renewable Energy VCT 2 Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 1.36 0.00 0.94 0.00

LSE:GV2O vs MTR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Gresham House Renewable Energy VCT 2'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.


Gresham House Renewable Energy VCT 2 Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio falls into.


LSE:GV2O
12GF Score
Gresham House Renewable Energy VCT 2 PLC LSE:GV2O
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gresham House Renewable Energy VCT 2 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.

Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.055/0.47
=0.12

* 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.

Gresham House Renewable Energy VCT 2's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep24 is calculated as:

For example, Gresham House Renewable Energy VCT 2's adjusted Book Value per Share data for the fiscal year that ended in Sep24 was:

Adj_Book=Book Value per Share/CPI of Sep24 (Change)*Current CPI (Sep24)
=0.152/133.5000*133.5000
=0.152

Current CPI (Sep24) = 133.5000.

Gresham House Renewable Energy VCT 2 Annual Data

Book Value per Share CPI Adj_Book
201509 0.470 100.200 0.626
201609 0.469 101.500 0.617
201709 0.460 104.300 0.589
201809 0.495 106.600 0.620
201909 0.462 108.400 0.569
202009 0.431 109.200 0.527
202109 0.356 112.400 0.423
202209 0.364 122.300 0.397
202309 0.221 130.100 0.227
202409 0.152 133.500 0.152

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 0.12 mean?
Gresham House Renewable Energy VCT 2 (LSE:GV2O) has a Cyclically Adjusted PB Ratio of 0.12 as of Aug. 14, 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 Gresham House Renewable Energy VCT 2 and its competitors.
Is Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio too high?
Gresham House Renewable Energy VCT 2's current Cyclically Adjusted PB Ratio is 0.12. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.87. Gresham House Renewable Energy VCT 2's value of 0.12 is 86.2% below this industry median. Overall, Gresham House Renewable Energy VCT 2 has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio compare to MTR?
Gresham House Renewable Energy VCT 2's Cyclically Adjusted PB Ratio of 0.12 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.87. Gresham House Renewable Energy VCT 2's value of 0.12 is 86.2% below this benchmark. 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 0.87, based on 1,011 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. Gresham House Renewable Energy VCT 2's current Cyclically Adjusted PB Ratio of 0.12 is 86.2% 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 Gresham House Renewable Energy VCT 2 and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gresham House Renewable Energy VCT 2's current Cyclically Adjusted PB Ratio is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gresham House Renewable Energy VCT 2 stock overvalued right now?
Gresham House Renewable Energy VCT 2 (LSE:GV2O) has a current Cyclically Adjusted PB Ratio of 0.12. The current Cyclically Adjusted PB Ratio is 0.12 and 86.2% below the Asset Management industry median of 0.87. Gresham House Renewable Energy VCT 2's overall GF Score™ is 12/100. 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 Gresham House Renewable Energy VCT 2 (LSE:GV2O), the current Cyclically Adjusted PB Ratio is 0.12 as of Aug. 14, 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.

Gresham House Renewable Energy VCT 2 Business Description

Address 80 Cheapside, London, GBR, EC2V 6EE
Gresham House Renewable Energy VCT 2 PLC is a United Kingdom-based venture capital trust. The Company's principal activity is that of a VCT which invests in renewable energy investments. It seeks to invest in a portfolio of unquoted companies that specialize in long-term renewable energy projects and energy developers, to provide shareholders with a reliable source of tax-free income and look to maximize the potential for capital preservation.
12GF Score

Get the complete analysis for LSE:GV2O

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

£0.06
Price