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Jupiter Fund Management (LSE:JUP) Cyclically Adjusted PB Ratio : 0.45 (As of Jun. 12, 2024)


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What is Jupiter Fund Management Cyclically Adjusted PB Ratio?

As of today (2024-06-12), Jupiter Fund Management's current share price is £0.773. Jupiter Fund Management's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was £1.71. Jupiter Fund Management's Cyclically Adjusted PB Ratio for today is 0.45.

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

LSE:JUP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 2.04   Max: 7.39
Current: 0.46

During the past 13 years, Jupiter Fund Management's highest Cyclically Adjusted PB Ratio was 7.39. The lowest was 0.44. And the median was 2.04.

LSE:JUP's Cyclically Adjusted PB Ratio is ranked better than
80.42% of 955 companies
in the Asset Management industry
Industry Median: 0.8 vs LSE:JUP: 0.46

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.

Jupiter Fund Management's adjusted book value per share data of for the fiscal year that ended in Dec23 was £1.545. 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 £1.71 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jupiter Fund Management Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jupiter Fund Management'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.

Jupiter Fund Management Cyclically Adjusted PB Ratio Chart

Jupiter Fund Management 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 3.19 2.09 1.74 0.81 0.55

Jupiter Fund Management 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 1.74 - 0.81 - 0.55

Competitive Comparison of Jupiter Fund Management's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Jupiter Fund Management'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.


Jupiter Fund Management's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Jupiter Fund Management's Cyclically Adjusted PB Ratio falls into.



Jupiter Fund Management 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.

Jupiter Fund Management's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.773/1.71
=0.45

* 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.

Jupiter Fund Management's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Jupiter Fund Management'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)
=1.545/130.5000*130.5000
=1.545

Current CPI (Dec23) = 130.5000.

Jupiter Fund Management Annual Data

Book Value per Share CPI Adj_Book
201412 1.281 99.900 1.673
201512 1.317 100.400 1.712
201612 1.334 102.200 1.703
201712 1.399 105.000 1.739
201812 1.364 107.100 1.662
201912 1.376 108.500 1.655
202012 1.603 109.400 1.912
202112 1.629 114.700 1.853
202212 1.543 125.300 1.607
202312 1.545 130.500 1.545

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.


Jupiter Fund Management  (LSE:JUP) 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.


Jupiter Fund Management Cyclically Adjusted PB Ratio Related Terms

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


Jupiter Fund Management (LSE:JUP) Business Description

Traded in Other Exchanges
Address
70 Victoria Street, The Zig Zag Building, London, GBR, SW1E 6SQ
Jupiter Fund Management PLC is a provider of mutual funds with operations mostly in the United Kingdom. Jupiter also distributes its products through financial centers in Europe and Asia, either in house or through agency relationships. The group has increasingly focused on offering high-performance, outcome-oriented active strategies to drive organic growth. The company measures performance by monitoring its percentage of assets under management above the median over three years. The Group operates principally in the United Kingdom with international operating subsidiaries in Ireland, Hong Kong, Singapore, the United States, Switzerland and Luxembourg, which has branches across Europe.

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