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What is Calamos L/S Equity & Dynamic Trust PB Ratio?
Calamos L/S Equity & Dynamic TrustCPZ -0.26%32 PB Ratio is 0.88 as of Aug. 30, 2026, which is 1% below its 10-year median of 0.89. GuruFocus rates CPZ with a GF Score™ of 32/100 and a GF Value™ of $1.41 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,593 Asset Management companies, Calamos L/S Equity & Dynamic Trust ranks better than 66.67% on this metric.
CPZ's PB Ratio is ranked better than 66.67% of 1593
companies
in the Asset Management industry
Industry Median: 0.95
vs CPZ: 0.88
During the past 12 months, Calamos L/S Equity & Dynamic Trust's average Book Value Per Share Growth Rate was -9.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Calamos L/S Equity & Dynamic Trust was 16.50% per year. The lowest was -6.60% per year. And the median was -1.80% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Calamos L/S Equity & Dynamic Trust PB Ratio Related Terms
Calamos L/S Equity & Dynamic Trust PB Ratio Historical Data
* 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.
For the Asset Management subindustry, Calamos L/S Equity & Dynamic Trust's PB Ratio, along with its competitors' market caps and 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.
Calamos L/S Equity & Dynamic Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calamos L/S Equity & Dynamic Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Calamos L/S Equity & Dynamic Trust's PB Ratio falls into.
Calamos L/S Equity & Dynamic Trust PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Calamos L/S Equity & Dynamic Trust (CPZ) has a PB Ratio of 0.88 as of Aug. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Calamos L/S Equity & Dynamic Trust and its competitors. This is near median its historical median of 0.89. Over the past decade, Calamos L/S Equity & Dynamic Trust's PB Ratio has ranged from 0.46 to 1.22. According to the industry distribution chart, Calamos L/S Equity & Dynamic Trust ranks #531 out of 1593 companies in the Asset Management industry, placing it in the top 33.3%.
Is Calamos L/S Equity & Dynamic Trust's PB Ratio too high?
Calamos L/S Equity & Dynamic Trust's current PB Ratio of 0.88 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.22. The Asset Management industry median PB Ratio is 0.95. Calamos L/S Equity & Dynamic Trust's value of 0.88 is 7.4% below this industry median. Based on the distribution chart, Calamos L/S Equity & Dynamic Trust ranks #531 out of 1593 companies in the Asset Management industry, which is above the industry midpoint. Overall, Calamos L/S Equity & Dynamic Trust has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calamos L/S Equity & Dynamic Trust's PB Ratio compare to NHS and JRS?
According to the Asset Management industry distribution chart, Calamos L/S Equity & Dynamic Trust ranks #531 out of 1593 companies for PB Ratio. This puts Calamos L/S Equity & Dynamic Trust in the upper half of its industry. The industry median PB Ratio is 0.95. Calamos L/S Equity & Dynamic Trust's value of 0.88 is 7.4% below this benchmark. Historically, Calamos L/S Equity & Dynamic Trust's own PB Ratio has ranged from 0.46 to 1.22 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.95, Calamos L/S Equity & Dynamic Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,593 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Calamos L/S Equity & Dynamic Trust's current PB Ratio of 0.88 is 7.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Calamos L/S Equity & Dynamic Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calamos L/S Equity & Dynamic Trust's current PB Ratio is 0.88, which is near median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos L/S Equity & Dynamic Trust stock overvalued right now?
Based on GuruFocus' analysis, Calamos L/S Equity & Dynamic Trust (CPZ) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $13.36 — trading 847.5% above its estimated fair value. The current PB Ratio is 0.88, which is near median its 10-year median of 0.89 and 7.4% below the Asset Management industry median of 0.95. Calamos L/S Equity & Dynamic Trust's overall GF Score™ is 32/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Calamos L/S Equity & Dynamic Trust (CPZ), the current PB Ratio is 0.88 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Calamos L/S Equity & Dynamic Trust (CPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Calamos L/S Equity & Dynamic Trust stock appears to be overvalued.
The current stock price of $13.36 is trading 847.5% above its estimated GF Value™ of $1.41.
GuruFocus considers Calamos L/S Equity & Dynamic Trust to be Significantly Overvalued.
Key valuation signals for CPZ:
PB Ratio: 0.88 (near median its 10-year median of 0.89)
GF Value™: $1.41 vs. price of $13.36 (847.5% above fair value)
Industry Position: 7.4% below the Asset Management median (#531 of 1593)
No single metric tells the full story. See the CPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calamos L/S Equity & Dynamic Inc Trust is a trust company that seeks to provide current income and risk-managed capital appreciation, with an investment objective to deliver total return through a combination of capital appreciation and current income. The Fund invests in securities across sectors such as Industrials, Healthcare, Financials, Consumer Discretionary, and others, and holds securities with a broad range of maturities, with the average term to maturity typically ranging from two to ten years. Managed assets represent the Fund's total assets, including any assets attributable to leverage that may be outstanding, minus total liabilities other than debt representing financial leverage.
32GF Score
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