National Investment Trust (MSW:NITL) Cyclically Adjusted PB Ratio: (As of Jul. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MSW:NITL National Investment Trust PLC MSW:NITL
43 GF Score
Price MWK3,699.77
! 2 Warning Signs
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What is National Investment Trust Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

National Investment Trust does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation

National Investment Trust  (MSW:NITL) 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.

National Investment Trust Cyclically Adjusted PB Ratio Related Terms

National Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for National Investment Trust'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.

National Investment Trust Cyclically Adjusted PB Ratio Chart

National Investment Trust Annual Data
Trend
Cyclically Adjusted PB Ratio

National Investment Trust Semi-Annual Data
Cyclically Adjusted PB Ratio

MSW:NITL vs : Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, National Investment Trust'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.

National Investment Trust Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


MSW:NITL
43GF Score
National Investment Trust PLC MSW:NITL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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National Investment Trust 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.

National Investment Trust does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

National Investment Trust Business Description

Comparable Companies
Address 19 Glyn Jones Road, Post Office Box 910, Chibisa House, Blantyre, MWI
National Investment Trust PLC is a closed-end collective investment scheme company. The principal objective of the company is to provide a vehicle to facilitate broad public participation in a diverse portfolio of equity investments in Malawi. Its portfolio consists of equity investments, bonds, property, equity of property companies, and money market investments. The investment portfolio is managed with a view to providing shareholders with a return by way of both annual income and capital growth. It derives revenue in the form of dividends and interest income.
43GF Score

Get the complete analysis for MSW:NITL

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

MWK3,699.77
Price