MSIF (MSCome Fund) Cyclically Adjusted PB Ratio: 0.63 (As of Jul. 05, 2026) — 14% Below Median


MSIF MSC Income Fund Inc MSIF
45 GF Score
Price $11.52
GF Value $16.49
Valuation Possible Value Trap
! 6 Warning Signs
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What is MSCome Fund Cyclically Adjusted PB Ratio?

MSCome Fund MSIF -2.04% 45 Cyclically Adjusted PB Ratio is 0.63 as of Jul. 05, 2026, which is 14% below its 10-year median of 0.73. GuruFocus rates MSIF with a GF Score™ of 45/100 and a GF Value™ of $16.49 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,004 Asset Management companies, MSCome Fund ranks better than 68.33% on this metric.

As of today (2026-07-05), MSCome Fund's current share price is $11.52. MSCome Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $18.19. MSCome Fund's Cyclically Adjusted PB Ratio for today is 0.63.

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

MSIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.73   Max: 0.97
Current: 0.63

During the past 11 years, MSCome Fund's highest Cyclically Adjusted PB Ratio was 0.97. The lowest was 0.63. And the median was 0.73.

MSIF's Cyclically Adjusted PB Ratio is ranked better than
68.33% of 1004 companies
in the Asset Management industry
Industry Median: 0.86 vs MSIF: 0.63

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.

MSCome Fund's adjusted book value per share data of for the fiscal year that ended in Dec25 was $15.855. 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 $18.19 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCome Fund  (NYSE:MSIF) 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.


MSCome Fund Cyclically Adjusted PB Ratio Related Terms


MSCome Fund Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MSCome Fund'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.

MSCome Fund Cyclically Adjusted PB Ratio Chart

MSCome Fund 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 0.00 0.00 0.00 0.67 0.72

MSCome Fund 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 0.00 0.00 0.72 0.00

MSIF vs THW, IQI, TWN: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, MSCome Fund'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.


MSCome Fund Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


MSIF
45GF Score
MSC Income Fund Inc MSIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MSCome Fund 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.

MSCome Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.52/18.19
=0.63

* 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.

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

For example, MSCome Fund'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)
=15.855/324.0540*324.0540
=15.855

Current CPI (Dec25) = 324.0540.

MSCome Fund Annual Data

Book Value per Share CPI Adj_Book
201612 15.019 241.432 20.159
201712 16.274 246.524 21.392
201812 15.711 251.233 20.265
201912 15.308 256.974 19.304
202012 14.562 260.474 18.116
202112 15.363 278.802 17.857
202212 15.221 296.797 16.619
202312 15.537 306.746 16.414
202412 15.529 315.605 15.945
202512 15.855 324.054 15.855

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 0.63 mean?
MSCome Fund (MSIF) has a Cyclically Adjusted PB Ratio of 0.63 as of Jul. 05, 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 MSCome Fund and its competitors. This is 14% below median its historical median of 0.73. Over the past decade, MSCome Fund's Cyclically Adjusted PB Ratio has ranged from 0.63 to 0.97. According to the industry distribution chart, MSCome Fund ranks #318 out of 1004 companies in the Asset Management industry, placing it in the top 31.7%.
Is MSCome Fund's Cyclically Adjusted PB Ratio too high?
MSCome Fund's current Cyclically Adjusted PB Ratio of 0.63 is 14% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 0.97. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. MSCome Fund's value of 0.63 is 26.7% below this industry median. Based on the distribution chart, MSCome Fund ranks #318 out of 1004 companies in the Asset Management industry, which is above the industry midpoint. Overall, MSCome Fund has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MSCome Fund's Cyclically Adjusted PB Ratio compare to THW and IQI?
According to the Asset Management industry distribution chart, MSCome Fund ranks #318 out of 1004 companies for Cyclically Adjusted PB Ratio. This puts MSCome Fund in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. MSCome Fund's value of 0.63 is 26.7% below this benchmark. Historically, MSCome Fund's own Cyclically Adjusted PB Ratio has ranged from 0.63 to 0.97 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.86, MSCome Fund 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 1,004 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. MSCome Fund's current Cyclically Adjusted PB Ratio of 0.63 is 26.7% 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 MSCome Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSCome Fund's current Cyclically Adjusted PB Ratio is 0.63, which is 14% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSCome Fund stock overvalued right now?
Based on GuruFocus' analysis, MSCome Fund (MSIF) is currently considered Possible Value Trap. The stock's GF Value™ is $16.49, compared to a current price of $11.52 — trading 30.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.63, which is 14% below median its 10-year median of 0.73 and 26.7% below the Asset Management industry median of 0.86. MSCome Fund's overall GF Score™ is 45/100 with 6 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 MSCome Fund (MSIF), the current Cyclically Adjusted PB Ratio is 0.63 as of Jul. 05, 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.

Is MSCome Fund (MSIF) Overvalued in 2026?

Based on GuruFocus' analysis, MSCome Fund stock appears to be undervalued. The current stock price of $11.52 is trading 30.1% below its estimated GF Value™ of $16.49. GuruFocus considers MSCome Fund to be Possible Value Trap.

Key valuation signals for MSIF:

  • Cyclically Adjusted PB Ratio: 0.63 (14% below median its 10-year median of 0.73)
  • GF Value™: $16.49 vs. price of $11.52 (30.1% below fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 26.7% below the Asset Management median (#318 of 1004)

No single metric tells the full story. See the MSIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MSCome Fund Business Description

Address 1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
MSC Income Fund Inc is a non-diversified closed-end management investment company. The investment objective is to generate current income through debt and equity investments and the secondary objective is to generate long-term capital appreciation through such investments. The company invests in senior secured term loans, second lien loans, and mezzanine debt and selected equity investments issued by lower middle-market and middle-market companies.
45GF Score

Get the complete analysis for MSIF

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.52
Price
$16.49
GF Value