MGTI (MGT Capital Investments) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is MGT Capital Investments Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MGT Capital Investments  (OTCPK:MGTI) 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.


MGT Capital Investments Cyclically Adjusted PB Ratio Related Terms


MGT Capital Investments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MGT Capital Investments'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.

MGT Capital Investments Cyclically Adjusted PB Ratio Chart

MGT Capital Investments 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 0.01 0.02 0.00 0.00

MGT Capital Investments Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.01 0.01 0.00 0.00 0.00

MGTI vs ABIT, ANY, FDCTD: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, MGT Capital Investments'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.


MGT Capital Investments Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MGT Capital Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where MGT Capital Investments's Cyclically Adjusted PB Ratio falls into.



MGT Capital Investments 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.

MGT Capital Investments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, MGT Capital Investments's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

MGT Capital Investments Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.161 241.018 0.221
201609 0.121 241.428 0.165
201612 -0.020 241.432 -0.027
201703 0.004 243.801 0.005
201706 0.013 244.955 0.018
201709 0.075 246.819 0.100
201712 0.202 246.524 0.271
201803 0.150 249.554 0.198
201806 0.082 251.989 0.107
201809 0.002 252.439 0.003
201812 -0.012 251.233 -0.016
201903 -0.002 254.202 -0.003
201906 0.011 256.143 0.014
201909 0.009 256.759 0.012
201912 0.008 256.974 0.010
202003 0.006 258.115 0.008
202006 0.003 257.797 0.004
202009 0.002 260.280 0.003
202012 0.001 260.474 0.001
202103 0.002 264.877 0.002
202106 0.001 271.696 0.001
202109 0.001 274.310 0.001
202112 0.002 278.802 0.002
202203 0.000 287.504 0.000
202206 0.001 296.311 0.001
202209 -0.022 296.808 -0.024
202212 -0.005 296.797 -0.006
202303 -0.010 301.836 -0.011
202306 -0.006 305.109 -0.006
202309 -0.005 307.789 -0.005
202312 -0.010 306.746 -0.011
202403 -0.009 312.332 -0.010
202406 -0.002 314.175 -0.002
202409 -0.002 315.301 -0.002
202412 -0.001 315.605 -0.001
202503 -0.001 319.799 -0.001
202506 -0.001 322.561 -0.001
202509 -0.001 324.800 -0.001
202512 0.000 324.054 0.000
202603 0.000 330.213 0.000

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.


MGT Capital Investments Business Description

Address 540 Montreal Avenue, Suite 133, Melbourne, FL, USA, 32935
MGT Capital Investments Inc operates in the cryptocurrency mining and hosting industry, with a primary focus on Bitcoin. Its operations include hosting services for third-party miners and self-mining activities conducted at its company-owned facility in LaFayette, Georgia. The company's activities are centered on digital currency data center operations, with two primary revenue streams: self-mining of Bitcoin and hosting services provided to third-party customers. The majority of its revenue is generated from Bitcoin mining.