RSERF (Reservoir Capital) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

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

RSERF Reservoir Capital Corp RSERF
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What is Reservoir Capital Cyclically Adjusted PB Ratio?

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Reservoir Capital  (OTCPK:RSERF) 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.


Reservoir Capital Cyclically Adjusted PB Ratio Related Terms


Reservoir Capital Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Reservoir 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.

Reservoir Capital Cyclically Adjusted PB Ratio Chart

Reservoir Capital Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Dec19 Dec20
Cyclically Adjusted PB Ratio
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Reservoir Capital Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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RSERF vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Reservoir 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.


Reservoir Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


RSERF
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Reservoir Capital Corp RSERF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Reservoir 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.

Reservoir Capital's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2021 is calculated as:

For example, Reservoir Capital's adjusted Book Value per Share data for the three months ended in Sep. 2021 was:

Adj_Book=Book Value per Share/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=3.945/112.9049*112.9049
=3.945

Current CPI (Sep. 2021) = 112.9049.

Reservoir Capital Quarterly Data

Book Value per Share CPI Adj_Book
201110 246.583 95.444 291.694
201201 277.185 95.365 328.167
201204 210.185 96.550 245.789
201207 138.519 95.997 162.917
201210 82.222 96.550 96.150
201301 99.756 95.839 117.520
201304 72.833 96.945 84.823
201307 55.571 97.261 64.509
201310 41.714 97.182 48.463
201401 27.095 97.261 31.453
201404 16.048 98.920 18.317
201407 14.824 99.315 16.852
201410 9.050 99.473 10.272
201501 7.943 98.209 9.132
201504 5.842 99.710 6.615
201507 4.309 100.579 4.837
201510 4.994 100.500 5.610
201601 4.022 100.184 4.533
201604 1.210 101.370 1.348
201607 -0.253 101.844 -0.280
201610 -0.801 102.002 -0.887
201701 -1.242 102.318 -1.371
201704 -4.005 103.029 -4.389
201707 -4.500 103.029 -4.931
201710 -4.484 103.424 -4.895
201801 0.575 104.056 0.624
201804 0.367 105.320 0.393
201807 0.212 106.110 0.226
201812 3.309 105.399 3.545
201903 3.315 106.979 3.499
201906 4.327 107.690 4.537
201909 4.407 107.611 4.624
201912 4.126 107.769 4.323
202003 4.127 107.927 4.317
202006 4.185 108.401 4.359
202009 4.248 108.164 4.434
202012 3.888 108.559 4.044
202103 3.956 110.298 4.050
202106 4.066 111.720 4.109
202109 3.945 112.905 3.945

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.


Reservoir Capital Business Description

Address 77 King Street West, Suite 2905, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1
Reservoir Capital Corp is focused on the acquisition, development, and exploitation of opportunities in the natural resource and energy sectors in South Eastern Europe. The company is exploring six gold and base metal exploration properties in Serbia, while its business development group is examining a number of acquisition opportunities in the region.
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