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Caledonia Investments (LSE:CLDN) Cyclically Adjusted PB Ratio : 0.82 (As of May. 22, 2024)


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What is Caledonia Investments Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Caledonia Investments's current share price is £34.90. Caledonia Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was £42.41. Caledonia Investments's Cyclically Adjusted PB Ratio for today is 0.82.

The historical rank and industry rank for Caledonia Investments's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:CLDN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.98   Max: 1.26
Current: 0.82

During the past 13 years, Caledonia Investments's highest Cyclically Adjusted PB Ratio was 1.26. The lowest was 0.69. And the median was 0.98.

LSE:CLDN's Cyclically Adjusted PB Ratio is ranked worse than
51.76% of 935 companies
in the Asset Management industry
Industry Median: 0.8 vs LSE:CLDN: 0.82

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.

Caledonia Investments's adjusted book value per share data of for the fiscal year that ended in Mar23 was £51.186. 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 £42.41 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caledonia Investments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Caledonia Investments'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.

Caledonia Investments Cyclically Adjusted PB Ratio Chart

Caledonia Investments Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.80 0.82 0.96 0.80

Caledonia Investments Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.96 - 0.80 -

Competitive Comparison of Caledonia Investments's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Caledonia Investments'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.


Caledonia Investments's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Caledonia Investments 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.

Caledonia Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.90/42.41
=0.82

* 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.

Caledonia Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Caledonia Investments's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=51.186/126.8000*126.8000
=51.186

Current CPI (Mar23) = 126.8000.

Caledonia Investments Annual Data

Book Value per Share CPI Adj_Book
201403 26.089 99.300 33.314
201503 29.377 99.600 37.400
201603 29.691 100.400 37.498
201703 34.286 102.700 42.332
201803 33.163 105.100 40.010
201903 36.154 107.000 42.844
202003 32.277 108.600 37.686
202103 40.187 109.700 46.451
202203 50.906 116.500 55.407
202303 51.186 126.800 51.186

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.


Caledonia Investments  (LSE:CLDN) 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.


Caledonia Investments Cyclically Adjusted PB Ratio Related Terms

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


Caledonia Investments (LSE:CLDN) Business Description

Traded in Other Exchanges
Address
30 Buckingham Gate, Cayzer House, London, GBR, SW1E 6NN
Caledonia Investments PLC is a self-managed investment trust company. It aims to grow its net assets and the dividend it pays to its shareholders over the long term, whilst managing risks to mitigate the volatility of returns. The company achieves its objective by investing in well-managed businesses that combine reasonable growth characteristics with an ability to deliver increasing levels of income. Caledonia allocates capital predominantly amongst quoted equities, private companies, and funds. Geographically, the majority of its revenues are generated through its investments in the United States markets.

Caledonia Investments (LSE:CLDN) Headlines

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