PFO (Flaherty & Crumrine Prfdome Oppo) Cyclically Adjusted PB Ratio: 0.71 (As of Aug. 08, 2026) — 16% Below Median

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PFO Flaherty & Crumrine Prfd Income Oppo PFO
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Price $9.13
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What is Flaherty & Crumrine Prfdome Oppo Cyclically Adjusted PB Ratio?

Flaherty & Crumrine Prfdome Oppo PFO +0.55% 30 Cyclically Adjusted PB Ratio is 0.71 as of Aug. 08, 2026, which is 16% below its 10-year median of 0.85. GuruFocus rates PFO with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 1,012 Asset Management companies, Flaherty & Crumrine Prfdome Oppo ranks better than 59.78% on this metric.

As of today (2026-08-08), Flaherty & Crumrine Prfdome Oppo's current share price is $9.13. Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 was $12.83. Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio for today is 0.71.

The historical rank and industry rank for Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio or its related term are showing as below:

PFO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.85   Max: 1.18
Current: 0.71

During the past 13 years, Flaherty & Crumrine Prfdome Oppo's highest Cyclically Adjusted PB Ratio was 1.18. The lowest was 0.53. And the median was 0.85.

PFO's Cyclically Adjusted PB Ratio is ranked better than
59.78% of 1012 companies
in the Asset Management industry
Industry Median: 0.855 vs PFO: 0.71

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.

Flaherty & Crumrine Prfdome Oppo's adjusted book value per share data of for the fiscal year that ended in Nov25 was $10.326. 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 $12.83 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flaherty & Crumrine Prfdome Oppo  (NYSE:PFO) 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.


Flaherty & Crumrine Prfdome Oppo Cyclically Adjusted PB Ratio Related Terms


Flaherty & Crumrine Prfdome Oppo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Flaherty & Crumrine Prfdome Oppo'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.

Flaherty & Crumrine Prfdome Oppo Cyclically Adjusted PB Ratio Chart

Flaherty & Crumrine Prfdome Oppo Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.70 0.59 0.71 0.74

Flaherty & Crumrine Prfdome Oppo Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 0.71 0.00 0.74 0.00

PFO vs MCN, DMO, NIM: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Flaherty & Crumrine Prfdome Oppo'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.


Flaherty & Crumrine Prfdome Oppo Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio falls into.


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Flaherty & Crumrine Prfdome Oppo 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.

Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.13/12.83
=0.71

* 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.

Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov25 is calculated as:

For example, Flaherty & Crumrine Prfdome Oppo's adjusted Book Value per Share data for the fiscal year that ended in Nov25 was:

Adj_Book=Book Value per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=10.326/324.1220*324.1220
=10.326

Current CPI (Nov25) = 324.1220.

Flaherty & Crumrine Prfdome Oppo Annual Data

Book Value per Share CPI Adj_Book
201611 10.932 241.353 14.681
201711 11.941 246.669 15.690
201811 10.540 252.038 13.554
201911 11.885 257.208 14.977
202011 11.969 260.229 14.908
202111 12.052 277.948 14.054
202211 9.400 297.711 10.234
202311 8.939 307.051 9.436
202411 10.166 315.493 10.444
202511 10.326 324.122 10.326

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 0.71 mean?
Flaherty & Crumrine Prfdome Oppo (PFO) has a Cyclically Adjusted PB Ratio of 0.71 as of Aug. 08, 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 Flaherty & Crumrine Prfdome Oppo and its competitors. This is 16% below median its historical median of 0.85. Over the past decade, Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio has ranged from 0.53 to 1.18. According to the industry distribution chart, Flaherty & Crumrine Prfdome Oppo ranks #407 out of 1012 companies in the Asset Management industry, placing it in the top 40.2%.
Is Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio too high?
Flaherty & Crumrine Prfdome Oppo's current Cyclically Adjusted PB Ratio of 0.71 is 16% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.18. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Flaherty & Crumrine Prfdome Oppo's value of 0.71 is 17% below this industry median. Based on the distribution chart, Flaherty & Crumrine Prfdome Oppo ranks #407 out of 1012 companies in the Asset Management industry, which is above the industry midpoint. Overall, Flaherty & Crumrine Prfdome Oppo has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Flaherty & Crumrine Prfdome Oppo's Cyclically Adjusted PB Ratio compare to MCN and DMO?
According to the Asset Management industry distribution chart, Flaherty & Crumrine Prfdome Oppo ranks #407 out of 1012 companies for Cyclically Adjusted PB Ratio. This puts Flaherty & Crumrine Prfdome Oppo in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Flaherty & Crumrine Prfdome Oppo's value of 0.71 is 17% below this benchmark. Historically, Flaherty & Crumrine Prfdome Oppo's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 1.18 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.86, Flaherty & Crumrine Prfdome Oppo 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 1,012 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. Flaherty & Crumrine Prfdome Oppo's current Cyclically Adjusted PB Ratio of 0.71 is 17% 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 Flaherty & Crumrine Prfdome Oppo 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. Flaherty & Crumrine Prfdome Oppo's current Cyclically Adjusted PB Ratio is 0.71, which is 16% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flaherty & Crumrine Prfdome Oppo stock overvalued right now?
Flaherty & Crumrine Prfdome Oppo (PFO) has a current Cyclically Adjusted PB Ratio of 0.71. The current Cyclically Adjusted PB Ratio is 0.71, which is 16% below median its 10-year median of 0.85 and 17% below the Asset Management industry median of 0.86. Flaherty & Crumrine Prfdome Oppo's overall GF Score™ is 30/100 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 Flaherty & Crumrine Prfdome Oppo (PFO), the current Cyclically Adjusted PB Ratio is 0.71 as of Aug. 08, 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.

Flaherty & Crumrine Prfdome Oppo Business Description

Address 301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Flaherty & Crumrine Prfd Income Oppo is the United States-based diversified, closed-end management investment company. Its primary investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. The fund invests in a diversified portfolio of preferred securities which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.
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