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Gladstone Investment (LTS:0IVR) Cyclically Adjusted PB Ratio : 0.99 (As of Dec. 15, 2024)


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What is Gladstone Investment Cyclically Adjusted PB Ratio?

As of today (2024-12-15), Gladstone Investment's current share price is $13.54. Gladstone Investment's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $13.63. Gladstone Investment's Cyclically Adjusted PB Ratio for today is 0.99.

The historical rank and industry rank for Gladstone Investment's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0IVR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.03   Max: 1.48
Current: 0.99

During the past years, Gladstone Investment's highest Cyclically Adjusted PB Ratio was 1.48. The lowest was 0.61. And the median was 1.03.

LTS:0IVR's Cyclically Adjusted PB Ratio is ranked worse than
65.06% of 933 companies
in the Asset Management industry
Industry Median: 0.8 vs LTS:0IVR: 0.99

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.

Gladstone Investment's adjusted book value per share data for the three months ended in Sep. 2024 was $12.494. 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 $13.63 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gladstone Investment'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.

Gladstone Investment Cyclically Adjusted PB Ratio Chart

Gladstone Investment Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 1.12 1.34 1.04 1.06

Gladstone Investment Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.97 1.08 1.06 1.03 1.06

Competitive Comparison of Gladstone Investment's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Gladstone Investment'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.


Gladstone Investment's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Gladstone Investment 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.

Gladstone Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.54/13.63
=0.99

* 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.

Gladstone Investment's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Gladstone Investment's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=12.494/133.0289*133.0289
=12.494

Current CPI (Sep. 2024) = 133.0289.

Gladstone Investment Quarterly Data

Book Value per Share CPI Adj_Book
201412 8.546 99.070 11.475
201503 9.183 99.621 12.263
201506 9.242 100.684 12.211
201509 9.051 100.392 11.993
201512 8.658 99.792 11.542
201603 9.217 100.470 12.204
201606 9.840 101.688 12.873
201609 9.650 101.861 12.603
201612 9.824 101.863 12.830
201703 9.946 102.862 12.863
201706 9.876 103.349 12.712
201709 10.101 104.136 12.904
201712 10.373 104.011 13.267
201803 10.847 105.290 13.705
201806 11.572 106.317 14.479
201809 12.296 106.507 15.358
201812 12.534 105.998 15.730
201903 12.403 107.251 15.384
201906 12.294 108.070 15.133
201909 12.395 108.329 15.221
201912 12.507 108.420 15.346
202003 11.166 108.902 13.640
202006 10.868 108.767 13.292
202009 10.858 109.815 13.153
202012 11.107 109.897 13.445
202103 11.515 111.754 13.707
202106 12.665 114.631 14.698
202109 13.272 115.734 15.255
202112 13.269 117.630 15.006
202203 13.427 121.301 14.725
202206 13.444 125.017 14.306
202209 13.313 125.227 14.142
202212 13.430 125.222 14.267
202303 13.091 127.348 13.675
202306 12.992 128.729 13.426
202309 14.033 129.860 14.375
202312 13.010 129.419 13.373
202403 13.430 131.776 13.558
202406 13.012 132.554 13.059
202409 12.494 133.029 12.494

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.


Gladstone Investment  (LTS:0IVR) 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.


Gladstone Investment Cyclically Adjusted PB Ratio Related Terms

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


Gladstone Investment Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Investment Corp operates as an externally managed, closed-end, non-diversified management investment company. Its objective is to invest in debt and equity securities of established private businesses operating in the U.S. and to (i) achieve and grow current income by investing in debt securities of established businesses. (ii) provide our stockholders with long-term capital appreciation in the value of our assets by investing in equity securities of established businesses. It focuses on investing in lower-middle-market private businesses.

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