Shaires Holdings (LSE:SHR) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SHR Shaires Holdings Ltd LSE:SHR
18 GF Score
Price $14.75
! 2 Warning Signs
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What is Shaires Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shaires Holdings  (LSE:SHR) 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.


Shaires Holdings Cyclically Adjusted PB Ratio Related Terms


Shaires Holdings Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Shaires Holdings'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.

Shaires Holdings Cyclically Adjusted PB Ratio Chart

Shaires Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.02 0.03 0.00 0.00

Shaires Holdings 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 0.02 0.02 0.00 0.00 0.00

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

For the Asset Management subindustry, Shaires Holdings'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.


Shaires Holdings Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Shaires Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shaires Holdings's Cyclically Adjusted PB Ratio falls into.


LSE:SHR
18GF Score
Shaires Holdings Ltd LSE:SHR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shaires Holdings 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.

Shaires Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shaires Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=2.006/120.7036*120.7036
=2.006

Current CPI (Dec25) = 120.7036.

Shaires Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 9,978.889 103.225 11,668.612
201712 12,001.123 104.984 13,798.156
201812 11,114.427 107.622 12,465.424
201912 9,780.660 110.700 10,664.516
202012 9,234.383 109.711 10,159.677
202112 5,901.219 112.349 6,340.062
202212 1,311.960 114.548 1,382.468
202312 1.483 117.296 1.526
202412 -21.612 118.945 -21.932
202512 2.006 120.704 2.006

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.


Shaires Holdings Business Description

Address 199 Des Voeux Road Central, 12th Floor Infinitus Plaza, Central, Hong Kong, HKG
Shaires Holdings Ltd is an investment company focused on providing financing to technology companies globally. The company's objective is to generate superior long-term capital appreciation for shareholders by acquiring and holding equity stakes - principally through in-kind share contributions and secondary market transactions - in high-growth private companies, with a particular focus on late-stage technology, space, and innovation-led businesses operating globally.
18GF 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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