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.
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.
Rights and Issues Inv TrustLSE:RIII -0.41%43 Cyclically Adjusted PB Ratio is 0.86 as of Aug. 07, 2026, which is 83% above its 10-year median of 0.47. GuruFocus rates LSE:RIII with a GF Score™ of 43/100. The stock has 3 warning signs investors should review. Among 1,012 Asset Management companies, Rights and Issues Inv Trust ranks worse than 50.1% on this metric.
The historical rank and industry rank for Rights and Issues Inv Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:
LSE:RIII'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.47 Max: 0.86
Current: 0.86
During the past 13 years, Rights and Issues Inv Trust's highest Cyclically Adjusted PB Ratio was 0.86. The lowest was 0.31. And the median was 0.47.
LSE:RIII's Cyclically Adjusted PB Ratio is ranked worse than 50.1% of 1012
companies
in the Asset Management industry
Industry Median: 0.855
vs LSE:RIII: 0.86
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.
Rights and Issues Inv Trust's adjusted book value per share data of for the fiscal year that ended in Dec25 was £26.035. 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 £28.49 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Rights and Issues Inv Trust (LSE:RIII) 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.
Rights and Issues Inv Trust Cyclically Adjusted PB Ratio Related Terms
Rights and Issues Inv Trust Cyclically Adjusted PB Ratio Historical Data
* 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.
Rights and Issues Inv Trust Cyclically Adjusted PB Ratio Chart
LSE:RIII vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Rights and Issues Inv 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.
Rights and Issues Inv Trust Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Rights and Issues Inv Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Rights and Issues Inv Trust's Cyclically Adjusted PB Ratio falls into.
Rights and Issues Inv 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.
* 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.
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 0.86 mean?
Rights and Issues Inv Trust (LSE:RIII) has a Cyclically Adjusted PB Ratio of 0.86 as of Aug. 07, 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 Rights and Issues Inv Trust and its competitors. This is 83% above median its historical median of 0.47. Over the past decade, Rights and Issues Inv Trust's Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.86. According to the industry distribution chart, Rights and Issues Inv Trust ranks #507 out of 1012 companies in the Asset Management industry, placing it in the top 50.1%.
Is Rights and Issues Inv Trust's Cyclically Adjusted PB Ratio too high?
Rights and Issues Inv Trust's current Cyclically Adjusted PB Ratio of 0.86 is 83% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.86. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Rights and Issues Inv Trust's value of 0.86 is 0.6% above this industry median. Based on the distribution chart, Rights and Issues Inv Trust ranks #507 out of 1012 companies in the Asset Management industry, which is below the industry midpoint. Overall, Rights and Issues Inv Trust has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Rights and Issues Inv Trust's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Rights and Issues Inv Trust ranks #507 out of 1012 companies for Cyclically Adjusted PB Ratio. This places Rights and Issues Inv Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Rights and Issues Inv Trust's value of 0.86 is 0.6% above this benchmark. Historically, Rights and Issues Inv Trust's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.86 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.86, Rights and Issues Inv Trust 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 0.86, based on 1,012 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. Rights and Issues Inv Trust's current Cyclically Adjusted PB Ratio of 0.86 is 0.6% 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 Rights and Issues Inv Trust and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rights and Issues Inv Trust's current Cyclically Adjusted PB Ratio is 0.86, which is 83% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rights and Issues Inv Trust stock overvalued right now?
Rights and Issues Inv Trust (LSE:RIII) has a current Cyclically Adjusted PB Ratio of 0.86. The current Cyclically Adjusted PB Ratio is 0.86, which is 83% above median its 10-year median of 0.47 and 0.6% above the Asset Management industry median of 0.86. Rights and Issues Inv Trust's overall GF Score™ is 43/100 with 3 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 Rights and Issues Inv Trust (LSE:RIII), the current Cyclically Adjusted PB Ratio is 0.86 as of Aug. 07, 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.
Rights and Issues Inv Trust PLC is an investment trust based in the United Kingdom. The company's objective is to exceed the benchmark index over the long term whilst managing risk. It predominantly invests in equities with an emphasis on UK smaller companies which include both listed securities and those admitted to trading on the Alternative Investment Market.
43GF Score
Get the complete analysis for LSE:RIII
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:RIII has been successfully added to your 
