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India Capital Growth Fund (LSE:IGC) Cyclically Adjusted PB Ratio : 1.21 (As of Jun. 02, 2025)


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What is India Capital Growth Fund Cyclically Adjusted PB Ratio?

As of today (2025-06-02), India Capital Growth Fund's current share price is £1.70. India Capital Growth Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was £1.40. India Capital Growth Fund's Cyclically Adjusted PB Ratio for today is 1.21.

The historical rank and industry rank for India Capital Growth Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:IGC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.23   Max: 1.68
Current: 1.21

During the past 13 years, India Capital Growth Fund's highest Cyclically Adjusted PB Ratio was 1.68. The lowest was 0.41. And the median was 1.23.

LSE:IGC's Cyclically Adjusted PB Ratio is ranked worse than
74.79% of 944 companies
in the Asset Management industry
Industry Median: 0.8 vs LSE:IGC: 1.21

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.

India Capital Growth Fund's adjusted book value per share data of for the fiscal year that ended in Dec24 was £2.090. 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 £1.40 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


India Capital Growth Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for India Capital Growth Fund'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.

India Capital Growth Fund Cyclically Adjusted PB Ratio Chart

India Capital Growth Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.24 1.17 1.38 1.37

India Capital Growth Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 1.17 - 1.38 - 1.37

Competitive Comparison of India Capital Growth Fund's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, India Capital Growth Fund'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.


India Capital Growth Fund's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, India Capital Growth Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where India Capital Growth Fund's Cyclically Adjusted PB Ratio falls into.


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India Capital Growth Fund 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.

India Capital Growth Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.70/1.40
=1.21

* 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.

India Capital Growth Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, India Capital Growth Fund's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=2.09/133.1571*133.1571
=2.090

Current CPI (Dec24) = 133.1571.

India Capital Growth Fund Annual Data

Book Value per Share CPI Adj_Book
201512 0.538 99.792 0.718
201612 0.893 101.863 1.167
201712 1.270 104.011 1.626
201812 1.017 105.998 1.278
201912 0.885 108.420 1.087
202012 0.977 109.897 1.184
202112 1.347 117.630 1.525
202212 1.401 125.222 1.490
202312 1.801 129.419 1.853
202412 2.090 133.157 2.090

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.


India Capital Growth Fund  (LSE:IGC) 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.


India Capital Growth Fund Cyclically Adjusted PB Ratio Related Terms

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


India Capital Growth Fund Business Description

Traded in Other Exchanges
Address
Royal Avenue, 1 Royal Plaza, St Peter Port, GGY, GY1 2HL
India Capital Growth Fund Ltd is a closed-ended investment company. The company's investment objective is to provide long-term capital appreciation by investing in companies based in India. Its investment policy permits the company to make investments in a range of Indian equity and equity-linked securities and predominantly in listed mid and small-cap Indian companies with a smaller proportion in unlisted Indian companies. Investment may also be made in large-cap listed Indian companies and in companies incorporated outside India that have key operations or markets in India. The company's activities are focused on two areas namely Mauritius and India.