PIAC (Princeton Capital) Cyclically Adjusted PB Ratio: 0.16 (As of Jul. 02, 2026) — 62% Below Median


What is Princeton Capital Cyclically Adjusted PB Ratio?

Princeton Capital PIAC Cyclically Adjusted PB Ratio is 0.16 as of Jul. 02, 2026, which is 62% below its 10-year median of 0.42. Among 1,001 Asset Management companies, Princeton Capital ranks better than 93.91% on this metric.

As of today (2026-07-02), Princeton Capital's current share price is $0.051. Princeton Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.32. Princeton Capital's Cyclically Adjusted PB Ratio for today is 0.16.

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

PIAC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.42   Max: 1.22
Current: 0.16

During the past years, Princeton Capital's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.14. And the median was 0.42.

PIAC's Cyclically Adjusted PB Ratio is ranked better than
93.91% of 1001 companies
in the Asset Management industry
Industry Median: 0.86 vs PIAC: 0.16

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.

Princeton Capital's adjusted book value per share data for the three months ended in Mar. 2026 was $0.113. 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 $0.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Princeton Capital  (OTCPK:PIAC) 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.


Princeton Capital Cyclically Adjusted PB Ratio Related Terms


Princeton Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Princeton 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.

Princeton Capital Cyclically Adjusted PB Ratio Chart

Princeton 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 0.68 0.82 0.56 0.35 0.20

Princeton 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 0.19 0.17 0.20 0.18

PIAC vs ALP, CWD, TWAV: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Princeton 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.


Princeton Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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



Princeton 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.

Princeton Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.051/0.32
=0.16

* 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.

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

For example, Princeton 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)
=0.113/330.2130*330.2130
=0.113

Current CPI (Mar. 2026) = 330.2130.

Princeton Capital Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.376 241.018 0.515
201609 0.366 241.428 0.501
201612 0.365 241.432 0.499
201703 0.347 243.801 0.470
201706 0.348 244.955 0.469
201709 0.356 246.819 0.476
201712 0.344 246.524 0.461
201803 0.342 249.554 0.453
201806 0.345 251.989 0.452
201809 0.344 252.439 0.450
201812 0.345 251.233 0.453
201903 0.341 254.202 0.443
201906 0.308 256.143 0.397
201909 0.285 256.759 0.367
201912 0.276 256.974 0.355
202003 0.212 258.115 0.271
202006 0.175 257.797 0.224
202009 0.178 260.280 0.226
202012 0.187 260.474 0.237
202103 0.221 264.877 0.276
202106 0.286 271.696 0.348
202109 0.272 274.310 0.327
202112 0.286 278.802 0.339
202203 0.277 287.504 0.318
202206 0.276 296.311 0.308
202209 0.334 296.808 0.372
202212 0.266 296.797 0.296
202303 0.258 301.836 0.282
202306 0.278 305.109 0.301
202309 0.272 307.789 0.292
202312 0.265 306.746 0.285
202403 0.210 312.332 0.222
202406 0.200 314.175 0.210
202409 0.192 315.301 0.201
202412 0.175 315.605 0.183
202503 0.158 319.799 0.163
202506 0.153 322.561 0.157
202509 0.145 324.800 0.147
202512 0.118 324.054 0.120
202603 0.113 330.213 0.113

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 0.16 mean?
Princeton Capital (PIAC) has a Cyclically Adjusted PB Ratio of 0.16 as of Jul. 02, 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 Princeton Capital and its competitors. This is 62% below median its historical median of 0.42. Over the past decade, Princeton Capital's Cyclically Adjusted PB Ratio has ranged from 0.14 to 1.22. According to the industry distribution chart, Princeton Capital ranks #61 out of 1001 companies in the Asset Management industry, placing it in the top 6.1%.
Is Princeton Capital's Cyclically Adjusted PB Ratio too high?
Princeton Capital's current Cyclically Adjusted PB Ratio of 0.16 is 62% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.22. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Princeton Capital's value of 0.16 is 81.4% below this industry median. Based on the distribution chart, Princeton Capital ranks #61 out of 1001 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does Princeton Capital's Cyclically Adjusted PB Ratio compare to ALP and CWD?
According to the Asset Management industry distribution chart, Princeton Capital ranks #61 out of 1001 companies for Cyclically Adjusted PB Ratio. This places Princeton Capital in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.86. Princeton Capital's value of 0.16 is 81.4% below this benchmark. Historically, Princeton Capital's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 1.22 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.86, Princeton Capital 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 1,001 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. Princeton Capital's current Cyclically Adjusted PB Ratio of 0.16 is 81.4% 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 Princeton Capital 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. Princeton Capital's current Cyclically Adjusted PB Ratio is 0.16, which is 62% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Princeton Capital stock overvalued right now?
Princeton Capital (PIAC) has a current Cyclically Adjusted PB Ratio of 0.16. The current Cyclically Adjusted PB Ratio is 0.16, which is 62% below median its 10-year median of 0.42 and 81.4% below the Asset Management industry median of 0.86. 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 Princeton Capital (PIAC), the current Cyclically Adjusted PB Ratio is 0.16 as of Jul. 02, 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.

Princeton Capital Business Description

Address 800 Turnpike Street, Suite 300, North Andover, MA, USA, 01845
Princeton Capital Corp is an externally managed, non-diversified, closed-end investment company that has elected to be treated as a BDC. Its investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments in private small and lower middle-market companies. While the company has sought to invest predominantly in private small and lower middle-market companies in various industries through first-lien loans, second-lien loans, unsecured loans, unitranche ,and mezzanine debt financing, often with a corresponding equity investment, the company is now investing only in current investments and otherwise conserving cash.