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Queen's Road Capital Investment (TSX:QRC) Cyclically Adjusted PB Ratio : 1.47 (As of May. 22, 2025)


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What is Queen's Road Capital Investment Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Queen's Road Capital Investment's current share price is C$6.22. Queen's Road Capital Investment's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was C$4.22. Queen's Road Capital Investment's Cyclically Adjusted PB Ratio for today is 1.47.

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

TSX:QRC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.87   Max: 1.63
Current: 1.5

During the past years, Queen's Road Capital Investment's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.47. And the median was 0.87.

TSX:QRC's Cyclically Adjusted PB Ratio is ranked worse than
80.73% of 934 companies
in the Asset Management industry
Industry Median: 0.8 vs TSX:QRC: 1.50

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.

Queen's Road Capital Investment's adjusted book value per share data for the three months ended in Feb. 2025 was C$7.304. 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 C$4.22 for the trailing ten years ended in Feb. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Queen's Road Capital Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Queen's Road Capital Investment'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.

* Premium members only.

Queen's Road Capital Investment Cyclically Adjusted PB Ratio Chart

Queen's Road Capital Investment Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.59 0.74 0.95 1.46

Queen's Road Capital Investment Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 1.41 1.52 1.46 1.63 1.61

Competitive Comparison of Queen's Road Capital Investment's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Queen's Road Capital Investment'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.


Queen's Road Capital Investment's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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


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Queen's Road Capital Investment 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.

Queen's Road Capital Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.22/4.22
=1.47

* 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.

Queen's Road Capital Investment's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 is calculated as:

For example, Queen's Road Capital Investment's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book=Book Value per Share/CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=7.304/119.3844*119.3844
=7.304

Current CPI (Feb. 2025) = 119.3844.

Queen's Road Capital Investment Quarterly Data

Book Value per Share CPI Adj_Book
201505 18.953 99.157 22.819
201508 -0.523 97.948 -0.637
201511 -0.057 101.686 -0.067
201602 -0.100 103.225 -0.116
201605 -0.133 101.686 -0.156
201608 -0.866 102.235 -1.011
201611 -0.901 103.005 -1.044
201702 -0.914 103.115 -1.058
201705 0.169 103.774 0.194
201708 0.801 104.214 0.918
201711 0.791 104.654 0.902
201802 0.763 106.303 0.857
201805 0.758 105.973 0.854
201808 0.751 106.633 0.841
201811 0.736 107.292 0.819
201902 0.723 108.501 0.796
201905 0.763 108.831 0.837
201908 0.499 110.260 0.540
201911 0.430 110.700 0.464
202002 3.061 111.030 3.291
202005 3.542 110.700 3.820
202008 3.797 109.820 4.128
202011 3.631 110.260 3.931
202102 5.552 111.469 5.946
202105 6.490 111.689 6.937
202108 6.773 111.579 7.247
202111 7.115 112.349 7.561
202202 7.164 113.338 7.546
202205 6.738 113.118 7.111
202208 6.729 113.668 7.067
202211 6.892 114.328 7.197
202302 6.409 115.317 6.635
202305 6.123 115.427 6.333
202308 7.061 115.647 7.289
202311 7.918 117.186 8.067
202402 8.295 117.735 8.411
202405 9.301 116.746 9.511
202408 7.495 118.505 7.551
202411 9.130 118.835 9.172
202502 7.304 119.384 7.304

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.


Queen's Road Capital Investment  (TSX:QRC) 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.


Queen's Road Capital Investment Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Queen's Road Capital Investment's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Queen's Road Capital Investment Business Description

Traded in Other Exchanges
Address
2 Queen's Road Central, Suite 2006, Cheung Kong Centre, Hong Kong, HKG
Queen's Road Capital Investment Ltd is a resource-focused investment company. It invests in privately held and publicly traded resource companies and has one operating segment, being the selection, acquisition, and management of investments. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in development or production located in safe jurisdictions.
Executives
Warren Philip Gilman Director, Senior Officer
Bb Family International Trust 10% Security Holder
Wyloo Metals Pty Ltd 10% Security Holder
John James Cowin 10% Security Holder

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