IG Group Holdings (STU:I5G) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

STU:I5G IG Group Holdings PLC STU:I5G
96 GF Score
Price €15.64
GF Value €15.73
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is IG Group Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IG Group Holdings  (STU:I5G) 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.


IG Group Holdings Cyclically Adjusted PB Ratio Related Terms


IG Group Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IG Group Holdings'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.

IG Group Holdings Cyclically Adjusted PB Ratio Chart

IG Group Holdings Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.81 2.70 2.10 2.26 -

IG Group Holdings Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Jun26
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 2.11 2.33 2.69 2.92 4.46

STU:I5G vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, IG Group Holdings'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.


IG Group Holdings Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IG Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:I5G
96GF Score
IG Group Holdings PLC STU:I5G
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IG Group Holdings 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.

IG Group Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, IG Group Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=6.466/139.9000*139.9000
=6.466

Current CPI (Dec25) = 139.9000.

IG Group Holdings Annual Data

Book Value per Share CPI Adj_Book
201605 2.371 100.800 3.291
201705 2.304 103.500 3.114
201805 2.617 105.900 3.457
201905 2.589 107.900 3.357
202005 2.825 108.600 3.639
202105 3.567 111.000 4.496
202205 5.536 119.700 6.470
202305 5.746 129.100 6.227
202405 5.950 132.700 6.273
202512 6.466 139.900 6.466

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 IG Group Holdings (STU:I5G) Overvalued in 2026?

Based on GuruFocus' analysis, IG Group Holdings stock appears to be undervalued. The current stock price of €15.64 is trading 0.6% below its estimated GF Value™ of €15.73. GuruFocus considers IG Group Holdings to be Fairly Valued.

Key valuation signals for STU:I5G:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €15.73 vs. price of €15.64 (0.6% below fair value)
  • GF Score™: 96/100 with 5 warning signs

No single metric tells the full story. See the STU:I5G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IG Group Holdings Business Description

Address Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA
IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.
96GF Score

Get the complete analysis for STU:I5G

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

€15.64
Price
€15.73
GF Value