Centum Investment Co (NAI:CTUM) Cyclically Adjusted PB Ratio: 0.25 (As of Sep. 01, 2026) — 19% Above Median

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NAI:CTUM Centum Investment Co Ltd NAI:CTUM
37 GF Score
Price KES17.45
GF Value KES2.54
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Centum Investment Co Cyclically Adjusted PB Ratio?

Centum Investment Co NAI:CTUM 37 Cyclically Adjusted PB Ratio is 0.25 as of Sep. 01, 2026, which is 19% above its 10-year median of 0.21. GuruFocus rates NAI:CTUM with a GF Score™ of 37/100 and a GF Value™ of KES2.54 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 432 Capital Markets companies, Centum Investment Co ranks better than 90.97% on this metric.

As of today (2026-09-01), Centum Investment Co's current share price is KES17.45. Centum Investment Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 was KES70.61. Centum Investment Co's Cyclically Adjusted PB Ratio for today is 0.25.

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

NAI:CTUM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.21   Max: 1.31
Current: 0.25

During the past 13 years, Centum Investment Co's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.12. And the median was 0.21.

NAI:CTUM's Cyclically Adjusted PB Ratio is ranked better than
90.97% of 432 companies
in the Capital Markets industry
Industry Median: 1.48 vs NAI:CTUM: 0.25

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.

Centum Investment Co's adjusted book value per share data of for the fiscal year that ended in Mar25 was KES63.892. 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 KES70.61 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centum Investment Co  (NAI:CTUM) 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.


Centum Investment Co Cyclically Adjusted PB Ratio Related Terms


Centum Investment Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Centum Investment Co'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.

Centum Investment Co Cyclically Adjusted PB Ratio Chart

Centum Investment Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.20 0.14 0.12 0.18

Centum Investment Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.12 0.00 0.18 0.00

NAI:CTUM vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Centum Investment Co'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.


Centum Investment Co Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


NAI:CTUM
37GF Score
Centum Investment Co Ltd NAI:CTUM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Centum Investment Co 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.

Centum Investment Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.45/70.61
=0.25

* 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.

Centum Investment Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 is calculated as:

For example, Centum Investment Co's adjusted Book Value per Share data for the fiscal year that ended in Mar25 was:

Adj_Book=Book Value per Share/CPI of Mar25 (Change)*Current CPI (Mar25)
=63.892/319.7990*319.7990
=63.892

Current CPI (Mar25) = 319.7990.

Centum Investment Co Annual Data

Book Value per Share CPI Adj_Book
201603 51.858 238.132 69.643
201703 56.048 243.801 73.519
201803 57.811 249.554 74.084
201903 60.106 254.202 75.616
202003 66.114 258.115 81.914
202103 64.797 264.877 78.233
202203 64.115 287.504 71.317
202303 54.543 301.836 57.789
202403 58.684 312.332 60.087
202503 63.892 319.799 63.892

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 0.25 mean?
Centum Investment Co (NAI:CTUM) has a Cyclically Adjusted PB Ratio of 0.25 as of Sep. 01, 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 Centum Investment Co and its competitors. This is 19% above median its historical median of 0.21. Over the past decade, Centum Investment Co's Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.31. According to the industry distribution chart, Centum Investment Co ranks #39 out of 432 companies in the Capital Markets industry, placing it in the top 9%.
Is Centum Investment Co's Cyclically Adjusted PB Ratio too high?
Centum Investment Co's current Cyclically Adjusted PB Ratio of 0.25 is 19% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.31. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.48. Centum Investment Co's value of 0.25 is 83.1% below this industry median. Based on the distribution chart, Centum Investment Co ranks #39 out of 432 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Centum Investment Co has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Centum Investment Co's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Centum Investment Co ranks #39 out of 432 companies for Cyclically Adjusted PB Ratio. This places Centum Investment Co in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.48. Centum Investment Co's value of 0.25 is 83.1% below this benchmark. Historically, Centum Investment Co's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.31 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 1.48, Centum Investment Co 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 1.48, based on 432 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. Centum Investment Co's current Cyclically Adjusted PB Ratio of 0.25 is 83.1% 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 Centum Investment Co and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centum Investment Co's current Cyclically Adjusted PB Ratio is 0.25, which is 19% above median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centum Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Centum Investment Co (NAI:CTUM) is currently considered Significantly Overvalued. The stock's GF Value™ is KES2.54, compared to a current price of KES17.45 — trading 587% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.25, which is 19% above median its 10-year median of 0.21 and 83.1% below the Capital Markets industry median of 1.48. Centum Investment Co's overall GF Score™ is 37/100 with 11 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 Centum Investment Co (NAI:CTUM), the current Cyclically Adjusted PB Ratio is 0.25 as of Sep. 01, 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 Centum Investment Co (NAI:CTUM) Overvalued in 2026?

Based on GuruFocus' analysis, Centum Investment Co stock appears to be overvalued. The current stock price of KES17.45 is trading 587% above its estimated GF Value™ of KES2.54. GuruFocus considers Centum Investment Co to be Significantly Overvalued.

Key valuation signals for NAI:CTUM:

  • Cyclically Adjusted PB Ratio: 0.25 (19% above median its 10-year median of 0.21)
  • GF Value™: KES2.54 vs. price of KES17.45 (587% above fair value)
  • GF Score™: 37/100 with 11 warning signs
  • Industry Position: 83.1% below the Capital Markets median (#39 of 432)

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


Centum Investment Co Business Description

Address Limuru Road, Two Rivers Office Towers, P.O. Box 10518, 9th Floor, South Tower, Nairobi, KEN, 00100
Centum Investment Co Ltd is an investment company that provides access to a portfolio of inaccessible, quality, diversified investments to investors. Its objective is to consistently generate market-beating returns by building extraordinary enterprises throughout Africa. The company's operating segment include Private Equity; Real Estate and Marketable securities. The Private Equity segment includes publishing, financial services, and utility companies as well as also responsible for managing Development Portfolio. The Marketable securities segment includes dividend and interest income, real estate sales and proceeds from exits in the private equity and marketable securities portfolios and the Real Estate segment includes developments in East Africa.
37GF Score

Get the complete analysis for NAI:CTUM

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

KES17.45
Price
KES2.54
GF Value