JPMorgan Global Growth &ome (LSE:JGGI) Cyclically Adjusted PB Ratio: 1.31 (As of Sep. 02, 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:JGGI JPMorgan Global Growth & Income PLC LSE:JGGI
32 GF Score
Price £6.10
! 5 Warning Signs
View Full Analysis

What is JPMorgan Global Growth &ome Cyclically Adjusted PB Ratio?

JPMorgan Global Growth &ome LSE:JGGI -1.61% 32 Cyclically Adjusted PB Ratio is 1.31 as of Sep. 02, 2026, which is 6% below its 10-year median of 1.39. GuruFocus rates LSE:JGGI with a GF Score™ of 32/100. The stock has 5 warning signs investors should review. Among 972 Asset Management companies, JPMorgan Global Growth &ome ranks worse than 73.77% on this metric.

As of today (2026-09-02), JPMorgan Global Growth &ome's current share price is £6.10. JPMorgan Global Growth &ome's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was £4.65. JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio for today is 1.31.

The historical rank and industry rank for JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:JGGI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.39   Max: 1.69
Current: 1.33

During the past 13 years, JPMorgan Global Growth &ome's highest Cyclically Adjusted PB Ratio was 1.69. The lowest was 1.06. And the median was 1.39.

LSE:JGGI's Cyclically Adjusted PB Ratio is ranked worse than
73.77% of 972 companies
in the Asset Management industry
Industry Median: 0.85 vs LSE:JGGI: 1.33

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.

JPMorgan Global Growth &ome's adjusted book value per share data of for the fiscal year that ended in Jun25 was £5.481. 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 £4.65 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Global Growth &ome  (LSE:JGGI) 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.


JPMorgan Global Growth &ome Cyclically Adjusted PB Ratio Related Terms


JPMorgan Global Growth &ome Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JPMorgan Global Growth &ome'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.

JPMorgan Global Growth &ome Cyclically Adjusted PB Ratio Chart

JPMorgan Global Growth &ome Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 1.18 1.22 1.37 1.18

JPMorgan Global Growth &ome Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.37 0.00 1.18 0.00

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

For the Asset Management subindustry, JPMorgan Global Growth &ome'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.


JPMorgan Global Growth &ome Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio falls into.


LSE:JGGI
32GF Score
JPMorgan Global Growth & Income PLC LSE:JGGI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JPMorgan Global Growth &ome 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.

JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.10/4.65
=1.31

* 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.

JPMorgan Global Growth &ome's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, JPMorgan Global Growth &ome's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=5.481/138.4000*138.4000
=5.481

Current CPI (Jun25) = 138.4000.

JPMorgan Global Growth &ome Annual Data

Book Value per Share CPI Adj_Book
201606 2.427 101.000 3.326
201706 3.050 103.500 4.078
201806 3.184 105.900 4.161
201906 3.324 107.900 4.264
202006 3.389 108.800 4.311
202106 4.323 111.400 5.371
202206 4.031 120.500 4.630
202306 4.589 129.400 4.908
202406 5.696 133.000 5.927
202506 5.481 138.400 5.481

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 1.31 mean?
JPMorgan Global Growth &ome (LSE:JGGI) has a Cyclically Adjusted PB Ratio of 1.31 as of Sep. 02, 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 JPMorgan Global Growth &ome and its competitors. This is near median its historical median of 1.39. Over the past decade, JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio has ranged from 1.06 to 1.69. According to the industry distribution chart, JPMorgan Global Growth &ome ranks #717 out of 972 companies in the Asset Management industry, placing it in the top 73.8%.
Is JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio too high?
JPMorgan Global Growth &ome's current Cyclically Adjusted PB Ratio of 1.31 is near median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 1.69. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. JPMorgan Global Growth &ome's value of 1.31 is 54.1% above this industry median. Based on the distribution chart, JPMorgan Global Growth &ome ranks #717 out of 972 companies in the Asset Management industry, which is below the industry midpoint. Overall, JPMorgan Global Growth &ome has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Global Growth &ome's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan Global Growth &ome ranks #717 out of 972 companies for Cyclically Adjusted PB Ratio. This places JPMorgan Global Growth &ome in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. JPMorgan Global Growth &ome's value of 1.31 is 54.1% above this benchmark. Historically, JPMorgan Global Growth &ome's own Cyclically Adjusted PB Ratio has ranged from 1.06 to 1.69 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 0.85, JPMorgan Global Growth &ome has consistently been above 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 0.85, based on 972 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. JPMorgan Global Growth &ome's current Cyclically Adjusted PB Ratio of 1.31 is 54.1% above 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 JPMorgan Global Growth &ome and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Global Growth &ome's current Cyclically Adjusted PB Ratio is 1.31, which is near median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan Global Growth &ome stock overvalued right now?
JPMorgan Global Growth &ome (LSE:JGGI) has a current Cyclically Adjusted PB Ratio of 1.31. The current Cyclically Adjusted PB Ratio is 1.31, which is near median its 10-year median of 1.39 and 54.1% above the Asset Management industry median of 0.85. JPMorgan Global Growth &ome's overall GF Score™ is 32/100 with 5 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 JPMorgan Global Growth &ome (LSE:JGGI), the current Cyclically Adjusted PB Ratio is 1.31 as of Sep. 02, 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.

JPMorgan Global Growth &ome Business Description

Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Global Growth & Income PLC is an investment trust company. Its main objective is to achieve superior total returns from world stock markets. The company invests in a diversified portfolio of 50-90 world stocks to achieve superior total returns and outperform the MSCI All Countries World Index in sterling terms (total return with net dividends reinvested) over the long term. Its portfolio construction is driven by bottom-up stock selection rather than geographical or sector allocation.
32GF Score

Get the complete analysis for LSE:JGGI

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

£6.10
Price