Galaxy Digital (MIL:1GLXY) Cyclically Adjusted PB Ratio: 0.43 (As of Jul. 23, 2026) — 13% Above Median

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MIL:1GLXY Galaxy Digital Inc MIL:1GLXY
14 GF Score
Price €22.15
! 5 Warning Signs
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What is Galaxy Digital Cyclically Adjusted PB Ratio?

Galaxy Digital MIL:1GLXY 14 Cyclically Adjusted PB Ratio is 0.43 as of Jul. 23, 2026, which is 13% above its 10-year median of 0.38. GuruFocus rates MIL:1GLXY with a GF Score™ of 14/100. The stock has 5 warning signs investors should review. Among 628 Capital Markets companies, Galaxy Digital ranks better than 79.14% on this metric.

As of today (2026-07-23), Galaxy Digital's current share price is €22.15. Galaxy Digital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €51.39. Galaxy Digital's Cyclically Adjusted PB Ratio for today is 0.43.

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

MIL:1GLXY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.38   Max: 0.77
Current: 0.47

During the past years, Galaxy Digital's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.14. And the median was 0.38.

MIL:1GLXY's Cyclically Adjusted PB Ratio is ranked better than
79.14% of 628 companies
in the Capital Markets industry
Industry Median: 1.31 vs MIL:1GLXY: 0.47

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.

Galaxy Digital's adjusted book value per share data for the three months ended in Mar. 2026 was €8.168. 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 €51.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Galaxy Digital  (MIL:1GLXY) 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.


Galaxy Digital Cyclically Adjusted PB Ratio Related Terms


Galaxy Digital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Galaxy Digital'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.

Galaxy Digital Cyclically Adjusted PB Ratio Chart

Galaxy Digital 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 0.41 0.06 0.17 0.35 0.43

Galaxy Digital 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 0.00 0.43 0.65 0.43 0.35

MIL:1GLXY vs MARA, BGC, VIRT: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Galaxy Digital'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.


Galaxy Digital Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


MIL:1GLXY
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Galaxy Digital Inc MIL:1GLXY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Galaxy Digital 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.

Galaxy Digital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.15/51.39
=0.43

* 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.

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

For example, Galaxy Digital'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)
=8.168/330.2130*330.2130
=8.168

Current CPI (Mar. 2026) = 330.2130.

Galaxy Digital Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.487 241.018 3.407
201609 2.353 241.428 3.218
201612 2.321 241.432 3.174
201703 2.109 243.801 2.857
201706 1.827 244.955 2.463
201709 1.590 246.819 2.127
201712 1.179 246.524 1.579
201803 -0.288 249.554 -0.381
201806 1,215.346 251.989 1,592.621
201809 2.993 252.439 3.915
201812 2.762 251.233 3.630
201903 2.835 254.202 3.683
201906 3.159 256.143 4.073
201909 3.054 256.759 3.928
201912 1.095 256.974 1.407
202003 1.034 258.115 1.323
202006 1.142 257.797 1.463
202009 1.226 260.280 1.555
202012 2.225 260.474 2.821
202103 4.209 264.877 5.247
202106 3.765 271.696 4.576
202109 4.917 274.310 5.919
202112 6.852 278.802 8.116
202203 6.795 287.504 7.804
202206 5.412 296.311 6.031
202209 4.327 296.808 4.814
202212 2.696 296.797 3.000
202303 3.564 301.836 3.899
202306 3.991 305.109 4.319
202309 3.466 307.789 3.719
202312 6.553 306.746 7.054
202403 7.529 312.332 7.960
202406 7.192 314.175 7.559
202409 6.875 315.301 7.200
202412 16.426 315.605 17.186
202503 0.000 319.799 0.000
202506 7.667 322.561 7.849
202509 8.374 324.800 8.514
202512 8.668 324.054 8.833
202603 8.168 330.213 8.168

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 0.43 mean?
Galaxy Digital (MIL:1GLXY) has a Cyclically Adjusted PB Ratio of 0.43 as of Jul. 23, 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 Galaxy Digital and its competitors. This is 13% above median its historical median of 0.38. Over the past decade, Galaxy Digital's Cyclically Adjusted PB Ratio has ranged from 0.14 to 0.77. According to the industry distribution chart, Galaxy Digital ranks #131 out of 628 companies in the Capital Markets industry, placing it in the top 20.9%.
Is Galaxy Digital's Cyclically Adjusted PB Ratio too high?
Galaxy Digital's current Cyclically Adjusted PB Ratio of 0.43 is 13% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.77. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.31. Galaxy Digital's value of 0.43 is 67.2% below this industry median. Based on the distribution chart, Galaxy Digital ranks #131 out of 628 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Galaxy Digital has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Galaxy Digital's Cyclically Adjusted PB Ratio compare to MARA and BGC?
According to the Capital Markets industry distribution chart, Galaxy Digital ranks #131 out of 628 companies for Cyclically Adjusted PB Ratio. This places Galaxy Digital in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.31. Galaxy Digital's value of 0.43 is 67.2% below this benchmark. Historically, Galaxy Digital's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 0.77 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 1.31, Galaxy Digital has consistently been below 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 a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.31, based on 628 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. Galaxy Digital's current Cyclically Adjusted PB Ratio of 0.43 is 67.2% below 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 Galaxy Digital and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galaxy Digital's current Cyclically Adjusted PB Ratio is 0.43, which is 13% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galaxy Digital stock overvalued right now?
Galaxy Digital (MIL:1GLXY) has a current Cyclically Adjusted PB Ratio of 0.43. The current Cyclically Adjusted PB Ratio is 0.43, which is 13% above median its 10-year median of 0.38 and 67.2% below the Capital Markets industry median of 1.31. Galaxy Digital's overall GF Score™ is 14/100 with 5 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 Galaxy Digital (MIL:1GLXY), the current Cyclically Adjusted PB Ratio is 0.43 as of Jul. 23, 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.

Galaxy Digital Business Description

Address 300 Vesey Street, New York, NY, USA, 10282
Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment.
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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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