Oxford Technology 3 Venture Capital Trust (LSE:OT3) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:OT3 Oxford Technology 3 Venture Capital Trust PLC LSE:OT3
42 GF Score
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What is Oxford Technology 3 Venture Capital Trust Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oxford Technology 3 Venture Capital Trust  (LSE:OT3) 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.


Oxford Technology 3 Venture Capital Trust Cyclically Adjusted PB Ratio Related Terms


Oxford Technology 3 Venture Capital Trust Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Oxford Technology 3 Venture Capital Trust'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.

Oxford Technology 3 Venture Capital Trust Cyclically Adjusted PB Ratio Chart

Oxford Technology 3 Venture Capital Trust Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Cyclically Adjusted PB Ratio
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Oxford Technology 3 Venture Capital Trust Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
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 0.00 0.00 0.00 0.00

LSE:OT3 vs BLK, BX, BK: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Oxford Technology 3 Venture Capital Trust'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.


Oxford Technology 3 Venture Capital Trust Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Oxford Technology 3 Venture Capital Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Oxford Technology 3 Venture Capital Trust's Cyclically Adjusted PB Ratio falls into.


LSE:OT3
42GF Score
Oxford Technology 3 Venture Capital Trust PLC LSE:OT3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Oxford Technology 3 Venture Capital Trust 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.

Oxford Technology 3 Venture Capital Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb21 is calculated as:

For example, Oxford Technology 3 Venture Capital Trust's adjusted Book Value per Share data for the fiscal year that ended in Feb21 was:

Adj_Book=Book Value per Share/CPI of Feb21 (Change)*Current CPI (Feb21)
=0.422/109.4000*109.4000
=0.422

Current CPI (Feb21) = 109.4000.

Oxford Technology 3 Venture Capital Trust Annual Data

Book Value per Share CPI Adj_Book
201202 0.708 95.200 0.814
201302 0.973 97.500 1.092
201402 0.983 99.100 1.085
201502 0.956 99.500 1.051
201602 1.016 100.100 1.110
201702 0.825 102.400 0.881
201802 0.862 104.900 0.899
201902 0.895 106.800 0.917
202002 0.696 108.600 0.701
202102 0.422 109.400 0.422

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.


Oxford Technology 3 Venture Capital Trust Business Description

Address The Magdalen Centre, OT3 Managers Ltd, Oxford Science Park, Oxford, GBR, OX4 4GA
Oxford Technology 3 Venture Capital Trust PLC is an investment company. The company invests in start-up and early-stage technology companies in general, located within 60 miles of Oxford. The company's investment portfolio includes: Scancell, Insense, ImmunoBiology, Select Technology, Invro, and Areco. The company's investment manager is Oxford Technology Management Ltd.
42GF Score

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

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