Mount Logan Capital (NEOE:MLC) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

NEOE:MLC Mount Logan Capital Inc NEOE:MLC
7 GF Score
Price C$2.70
GF Value C$1.36
! 9 Warning Signs
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What is Mount Logan Capital 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mount Logan Capital  (NEOE:MLC) 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.


Mount Logan Capital Cyclically Adjusted PB Ratio Related Terms


Mount Logan Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mount Logan Capital'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.

Mount Logan Capital Cyclically Adjusted PB Ratio Chart

Mount Logan Capital 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 0.17 0.16 0.11 0.27 1.86

Mount Logan Capital 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 0.31 0.37 1.76 1.86 0.79

NEOE:MLC vs CXH, RMCO, BXLC: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Mount Logan Capital'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.


Mount Logan Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

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

* The bar in red indicates where Mount Logan Capital's Cyclically Adjusted PB Ratio falls into.


NEOE:MLC
7GF Score
Mount Logan Capital Inc NEOE:MLC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mount Logan Capital 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.

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

For example, Mount Logan Capital'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)
=3.171/330.2130*330.2130
=3.171

Current CPI (Mar. 2026) = 330.2130.

Mount Logan Capital Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.877 241.018 1.202
201609 0.900 241.428 1.231
201612 0.905 241.432 1.238
201703 0.915 243.801 1.239
201706 0.913 244.955 1.231
201709 0.887 246.819 1.187
201712 0.917 246.524 1.228
201803 0.896 249.554 1.186
201806 0.866 251.989 1.135
201809 6.850 252.439 8.960
201812 4.107 251.233 5.398
201903 4.211 254.202 5.470
201906 4.224 256.143 5.445
201909 4.258 256.759 5.476
201912 4.248 256.974 5.459
202003 4.181 258.115 5.349
202006 4.038 257.797 5.172
202009 4.081 260.280 5.177
202012 3.260 260.474 4.133
202103 3.199 264.877 3.988
202106 3.069 271.696 3.730
202109 3.176 274.310 3.823
202112 0.884 278.802 1.047
202203 3.912 287.504 4.493
202206 4.450 296.311 4.959
202209 5.793 296.808 6.445
202212 3.812 296.797 4.241
202303 1.322 301.836 1.446
202306 1.901 305.109 2.057
202309 2.870 307.789 3.079
202312 2.708 306.746 2.915
202403 3.408 312.332 3.603
202406 3.621 314.175 3.806
202409 2.674 315.301 2.800
202412 5.726 315.605 5.991
202503 2.449 319.799 2.529
202506 2.184 322.561 2.236
202509 6.222 324.800 6.326
202512 4.300 324.054 4.382
202603 3.171 330.213 3.171

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.

Is Mount Logan Capital (NEOE:MLC) Overvalued in 2026?

Based on GuruFocus' analysis, Mount Logan Capital stock appears to be overvalued. The current stock price of C$2.70 is trading 98.5% above its estimated GF Value™ of C$1.36.

Key valuation signals for NEOE:MLC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$1.36 vs. price of C$2.70 (98.5% above fair value)
  • GF Score™: 7/100 with 9 warning signs

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


Mount Logan Capital Business Description

Other Exchanges MLCI:USA
Address 650 Madison Avenue, 3rd Floor, New York, NY, USA, 10022
Mount Logan Capital Inc operates as emerging asset management and investment firm focused on investing in public and private debt securities in the North American market. The company's reporting segments include asset management and insurance. The company through its subsidiaries, earns management and incentive fees and servicing fees for providing investment management, monitoring and other services to investment vehicles and advisers. The Asset Management segment comprises all fee generating activities. The Insurance Solutions segment, which derives maximum revenue, consists of two product lines within the insurance business, LTC and MYGA.
7GF Score

Get the complete analysis for NEOE:MLC

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

C$2.70
Price
C$1.36
GF Value