Arsagera Management Co JSC (MIC:ARSA) Cyclically Adjusted PB Ratio: 2.66 (As of Jul. 17, 2026)

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MIC:ARSA Arsagera Management Co JSC MIC:ARSA
17 GF Score
Price ₽5.48
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What is Arsagera Management Co JSC Cyclically Adjusted PB Ratio?

Arsagera Management Co JSC MIC:ARSA -4.70% 17 Cyclically Adjusted PB Ratio is 2.66 as of Jul. 17, 2026. GuruFocus rates MIC:ARSA with a GF Score™ of 17/100.

As of today (2026-07-17), Arsagera Management Co JSC's current share price is ₽5.48. Arsagera Management Co JSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₽2.06. Arsagera Management Co JSC's Cyclically Adjusted PB Ratio for today is 2.66.

The historical rank and industry rank for Arsagera Management Co JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

MIC:ARSA's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.85
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Arsagera Management Co JSC's adjusted book value per share data for the three months ended in Sep. 2023 was ₽2.375. 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 ₽2.06 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arsagera Management Co JSC  (MIC:ARSA) 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.


Arsagera Management Co JSC Cyclically Adjusted PB Ratio Related Terms


Arsagera Management Co JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arsagera Management Co JSC'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.

Arsagera Management Co JSC Cyclically Adjusted PB Ratio Chart

Arsagera Management Co JSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.33 4.30 2.59

Arsagera Management Co JSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.39 2.59 2.85 3.58 5.20

MIC:ARSA vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Arsagera Management Co JSC'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.


Arsagera Management Co JSC Cyclically Adjusted PB Ratio vs Asset Management Industry

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

* The bar in red indicates where Arsagera Management Co JSC's Cyclically Adjusted PB Ratio falls into.


MIC:ARSA
17GF Score
Arsagera Management Co JSC MIC:ARSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arsagera Management Co JSC 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.

Arsagera Management Co JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.48/2.06
=2.66

* 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.

Arsagera Management Co JSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Arsagera Management Co JSC's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.375/242.6000*242.6000
=2.375

Current CPI (Sep. 2023) = 242.6000.

Arsagera Management Co JSC Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.911 124.900 1.769
201403 0.845 127.800 1.604
201406 0.901 130.900 1.670
201409 0.848 132.700 1.550
201412 0.803 139.000 1.401
201503 1.005 149.400 1.632
201506 1.054 150.900 1.695
201509 1.039 153.500 1.642
201512 1.078 157.000 1.666
201603 1.169 160.200 1.770
201606 1.161 162.200 1.736
201609 1.346 163.300 2.000
201612 1.581 165.400 2.319
201703 0.000 167.000 0.000
201706 1.417 169.200 2.032
201709 1.616 168.200 2.331
201712 1.611 169.600 2.304
201803 1.728 171.000 2.452
201806 0.000 173.100 0.000
201809 0.000 173.900 0.000
201812 1.647 176.800 2.260
201903 1.774 179.900 2.392
201906 1.986 181.200 2.659
201909 1.858 180.800 2.493
201912 1.991 182.200 2.651
202003 1.673 184.500 2.200
202006 1.854 187.000 2.405
202009 1.724 187.400 2.232
202012 1.992 191.100 2.529
202103 0.000 195.200 0.000
202106 2.026 199.100 2.469
202109 2.289 201.300 2.759
202112 2.217 207.200 2.596
202203 0.000 227.800 0.000
202206 1.540 230.800 1.619
202209 1.365 228.800 1.447
202212 1.558 231.900 1.630
202303 1.765 235.800 1.816
202306 2.045 238.300 2.082
202309 2.375 242.600 2.375

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.

What does a Cyclically Adjusted PB Ratio of 2.66 mean?
Arsagera Management Co JSC (MIC:ARSA) has a Cyclically Adjusted PB Ratio of 2.66 as of Jul. 17, 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 Arsagera Management Co JSC and its competitors.
Is Arsagera Management Co JSC's Cyclically Adjusted PB Ratio too high?
Arsagera Management Co JSC's current Cyclically Adjusted PB Ratio is 2.66. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Arsagera Management Co JSC's value of 2.66 is 212.9% above this industry median. Overall, Arsagera Management Co JSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Arsagera Management Co JSC's Cyclically Adjusted PB Ratio compare to BLK and BX?
Arsagera Management Co JSC's Cyclically Adjusted PB Ratio of 2.66 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Arsagera Management Co JSC's value of 2.66 is 212.9% above this benchmark. 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 0.85, based on 999 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. Arsagera Management Co JSC's current Cyclically Adjusted PB Ratio of 2.66 is 212.9% 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 Arsagera Management Co JSC and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arsagera Management Co JSC's current Cyclically Adjusted PB Ratio is 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arsagera Management Co JSC stock overvalued right now?
Arsagera Management Co JSC (MIC:ARSA) has a current Cyclically Adjusted PB Ratio of 2.66. The current Cyclically Adjusted PB Ratio is 2.66 and 212.9% above the Asset Management industry median of 0.85. Arsagera Management Co JSC's overall GF Score™ is 17/100. 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 Arsagera Management Co JSC (MIC:ARSA), the current Cyclically Adjusted PB Ratio is 2.66 as of Jul. 17, 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.

Arsagera Management Co JSC Business Description

Address 8 th floor Renaissance, business center, ul. Chatelain, Building 26A, St. Petersburg, RUS, 194021
Arsagera Management Co JSC is a Russian asset management company. It manages three open-ended funds, two intervals and one closed-end mutual investment fund. The company also provides individual trust management services.
17GF 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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