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GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Cyclically Adjusted PB Ratio : 0.70 (As of May. 24, 2024)


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What is GAMCO Global Gold Natural Resources &ome Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-24), GAMCO Global Gold Natural Resources &ome Trust's current share price is $4.06. GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $5.78. GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio for today is 0.70.

The historical rank and industry rank for GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

GGN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.48   Max: 0.72
Current: 0.71

During the past 13 years, GAMCO Global Gold Natural Resources &ome Trust's highest Cyclically Adjusted PB Ratio was 0.72. The lowest was 0.25. And the median was 0.48.

GGN's Cyclically Adjusted PB Ratio is ranked better than
58.27% of 937 companies
in the Asset Management industry
Industry Median: 0.8 vs GGN: 0.71

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.

GAMCO Global Gold Natural Resources &ome Trust's adjusted book value per share data of for the fiscal year that ended in Dec23 was $3.974. 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 $5.78 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

GAMCO Global Gold Natural Resources &ome Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GAMCO Global Gold Natural Resources &ome Trust'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.

GAMCO Global Gold Natural Resources &ome Trust Cyclically Adjusted PB Ratio Chart

GAMCO Global Gold Natural Resources &ome Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.43 0.51 0.56 0.65

GAMCO Global Gold Natural Resources &ome Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.51 - 0.56 - 0.65

Competitive Comparison of GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, GAMCO Global Gold Natural Resources &ome Trust'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 Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio falls into.


GAMCO Global Gold Natural Resources &ome Trust 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.

GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.06/5.78
=0.70

* 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.

GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, GAMCO Global Gold Natural Resources &ome Trust's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.974/129.4194*129.4194
=3.974

Current CPI (Dec23) = 129.4194.

GAMCO Global Gold Natural Resources &ome Trust Annual Data

Book Value per Share CPI Adj_Book
201412 7.345 99.070 9.595
201512 5.342 99.792 6.928
201612 5.684 101.863 7.222
201712 5.462 104.011 6.796
201812 4.172 105.998 5.094
201912 4.315 108.420 5.151
202012 4.013 109.897 4.726
202112 3.910 117.630 4.302
202212 3.875 125.222 4.005
202312 3.974 129.419 3.974

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.

GAMCO Global Gold Natural Resources &ome Trust  (AMEX:GGN) 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.

GAMCO Global Gold Natural Resources &ome Trust Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of GAMCO Global Gold Natural Resources &ome Trust's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Global Gold Natural Resources & Income Trust (AMEX:GGN) » Definitions » Cyclically Adjusted PB Ratio
Comparable Companies
NDMO FAX PFN BOE FDUS CCAP CION CEM VVR NIE BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
GGN.PRB.PFD:USA
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Website
https://www.gabelli.com
GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.
Executives
Agnes Mullady officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Calgary Avansino director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn director
Mario J Gabelli other: Control Person of Adviser 191 MASON STREET, GREENWICH CT 06830
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza director 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Anthony S. Colavita director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Salvatore M Salibello director ONE CORPORATE CENTER, RYE NY 10580
Anthonie C Vanekris director ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr director ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert officer: President C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Urso Mario D director 65 EATON SQUARE, LONDON SW UK X0 041101225