GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Investors Inc (OTCPK:GAMI) » Definitions » Cyclically Adjusted Book per Share

GAMCO Investors (GAMCO Investors) Cyclically Adjusted Book per Share : $0.00 (As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is GAMCO Investors Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

GAMCO Investors's adjusted book value per share for the three months ended in Mar. 2024 was $7.630. 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 $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GAMCO Investors's average Cyclically Adjusted Book Growth Rate was -100.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of GAMCO Investors was 8.10% per year. The lowest was -14.80% per year. And the median was -3.90% per year.

As of today (2024-05-16), GAMCO Investors's current stock price is $25.10. GAMCO Investors's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.00. GAMCO Investors's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GAMCO Investors was 4.53. The lowest was 1.05. And the median was 2.16.


GAMCO Investors Cyclically Adjusted Book per Share Historical Data

The historical data trend for GAMCO Investors's Cyclically Adjusted Book per Share 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.

GAMCO Investors Cyclically Adjusted Book per Share Chart

GAMCO Investors Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.32 8.11 7.15 6.06 -

GAMCO Investors Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 6.06 5.81 5.52 - -

Competitive Comparison of GAMCO Investors's Cyclically Adjusted Book per Share

For the Asset Management subindustry, GAMCO Investors'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.


GAMCO Investors's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



GAMCO Investors Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, GAMCO Investors's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7.63/131.7762*131.7762
=7.630

Current CPI (Mar. 2024) = 131.7762.

GAMCO Investors Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.246 99.695 24.118
201406 19.090 100.560 25.016
201409 19.649 100.428 25.782
201412 20.308 99.070 27.012
201503 21.178 99.621 28.014
201506 21.941 100.684 28.717
201509 22.032 100.392 28.920
201512 -9.266 99.792 -12.236
201603 -8.332 100.470 -10.928
201606 -7.506 101.688 -9.727
201609 -6.738 101.861 -8.717
201612 -5.656 101.863 -7.317
201703 -5.047 102.862 -6.466
201706 -4.131 103.349 -5.267
201709 -3.582 104.136 -4.533
201712 -3.323 104.011 -4.210
201803 -2.517 105.290 -3.150
201806 -1.548 106.317 -1.919
201809 -0.419 106.507 -0.518
201812 0.332 105.998 0.413
201903 0.931 107.251 1.144
201906 0.815 108.070 0.994
201909 1.188 108.329 1.445
201912 1.998 108.420 2.428
202003 2.359 108.902 2.855
202006 2.767 108.767 3.352
202009 3.337 109.815 4.004
202012 3.160 109.897 3.789
202103 3.712 111.754 4.377
202106 2.248 114.631 2.584
202109 3.255 115.734 3.706
202112 3.512 117.630 3.934
202203 4.041 121.301 4.390
202206 4.550 125.017 4.796
202209 4.689 125.227 4.934
202212 5.415 125.222 5.698
202303 5.886 127.348 6.091
202306 6.377 128.729 6.528
202312 7.266 129.419 7.398
202403 7.630 131.776 7.630

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


GAMCO Investors  (OTCPK:GAMI) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GAMCO Investors was 4.53. The lowest was 1.05. And the median was 2.16.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


GAMCO Investors Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of GAMCO Investors's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


GAMCO Investors (GAMCO Investors) Business Description

Traded in Other Exchanges
Address
191 Mason Street, Greenwich, CT, USA, 06830
GAMCO Investors Inc is a provider of investment advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invests in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based primarily on the company's levels of assets under management (AUM) and fees associated with our various investment products. Its AUM are organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.
Executives
Ggcp, Inc. 10 percent owner 189 MASON STREET, GREENWICH CT 06830
Alexis Glick director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Associated Capital Group, Inc. 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Kieran Caterina officer: Acting Co-CFO ONE CORPORATE CENTER, RYE NY 10580
Van Der Eb Henry other: Senior Vice President 100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015
Peter D. Goldstein officer: General Counsel 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Mario J Gabelli director, 10 percent owner, officer: Chairman of the Board and CEO 191 MASON STREET, GREENWICH CT 06830
Leslie B Daniels director 540 MADISON, 22ND FLOOR, NEW YORK NY 10022
Elisa M. Wilson director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Raymond Avansino director C/O ONE CORPORTATE CENTER, RYE NY 10580
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended 10 percent owner C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601
Diane Lapointe officer: Acting Co-CFO ONE CORPORATE CENTER, RYE NY 10580
Ggcp Holdings Llc 10 percent owner 140 GREENWICH AVENUE, GREENWICH CT 06830
Gabelli Securities Inc 10 percent owner ONE CORPORATE CENTER, RYE NY 10580
Kevin Handwerker officer: Executive VP & General Counsel