SPGZ (Spectrum Group International) Cyclically Adjusted PB Ratio: (As of Jul. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

What is Spectrum Group International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Spectrum Group International  (OTCPK:SPGZ) 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.


Spectrum Group International Cyclically Adjusted PB Ratio Related Terms


Spectrum Group International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spectrum Group International'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.

Spectrum Group International Cyclically Adjusted PB Ratio Chart

Spectrum Group International Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Cyclically Adjusted PB Ratio
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Spectrum Group International Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 0.00 0.00 0.00 0.00

SPGZ vs KIRK, LIVE: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Spectrum Group International'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.


Spectrum Group International Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Spectrum Group International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Spectrum Group International's Cyclically Adjusted PB Ratio falls into.



Spectrum Group International 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.

Spectrum Group International's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2013 is calculated as:

For example, Spectrum Group International's adjusted Book Value per Share data for the three months ended in Dec. 2013 was:

Adj_Book=Book Value per Share/CPI of Dec. 2013 (Change)*Current CPI (Dec. 2013)
=25116/233.0490*233.0490
=25,116.000

Current CPI (Dec. 2013) = 233.0490.

Spectrum Group International Quarterly Data

Book Value per Share CPI Adj_Book
200212 10,320.000 180.900 13,295.001
200303 12,400.000 184.200 15,688.423
200306 15,194.000 183.700 19,275.702
200309 39,975.000 185.200 50,303.098
200312 15,409.667 184.300 19,485.662
200403 17,623.667 187.400 21,916.638
200406 23,907.333 189.700 29,370.480
200409 25,748.000 189.900 31,598.450
200412 29,309.000 190.300 35,892.975
200503 31,735.000 193.300 38,260.786
200506 37,113.000 194.500 44,468.625
200509 40,108.333 198.800 47,018.143
200512 43,628.333 196.800 51,664.326
200603 47,563.000 199.800 55,478.026
200709 0.000 208.490 0.000
200712 0.000 210.036 0.000
200803 0.000 213.528 0.000
200806 25,704.000 218.815 27,376.055
200809 24,459.667 218.783 26,054.588
200812 25,526.000 210.228 28,296.938
200903 25,580.000 212.709 28,026.052
200906 26,929.667 215.693 29,096.595
200909 27,556.333 215.969 29,735.637
200912 30,305.000 215.949 32,704.712
201003 28,511.667 217.631 30,531.567
201006 26,950.333 217.965 28,815.398
201009 27,710.333 218.439 29,563.702
201012 28,933.667 219.179 30,764.636
201103 30,491.333 223.467 31,798.765
201106 30,423.667 225.722 31,411.228
201109 30,757.667 226.889 31,592.733
201112 30,407.667 225.672 31,401.664
201203 30,461.667 229.392 30,947.291
201206 30,785.667 229.478 31,264.735
201209 25,416.000 231.407 25,596.345
201212 25,654.667 229.601 26,039.932
201303 26,086.000 232.773 26,116.930
201306 26,210.667 233.504 26,159.594
201309 26,539.667 234.149 26,414.987
201312 25,116.000 233.049 25,116.000

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.


Spectrum Group International Business Description

Address 1063 McGaw Avenue, Suite 250, Irvine, CA, USA, 92614
Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.