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Valiant Holding AG (Valiant Holding AG) Cyclically Adjusted PB Ratio : 0.66 (As of Jun. 13, 2024)


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What is Valiant Holding AG Cyclically Adjusted PB Ratio?

As of today (2024-06-13), Valiant Holding AG's current share price is $112.00. Valiant Holding AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $169.53. Valiant Holding AG's Cyclically Adjusted PB Ratio for today is 0.66.

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

VALIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.68   Max: 0.74
Current: 0.68

During the past years, Valiant Holding AG's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.60. And the median was 0.68.

VALIF's Cyclically Adjusted PB Ratio is ranked better than
68.93% of 1194 companies
in the Banks industry
Industry Median: 0.9 vs VALIF: 0.68

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.

Valiant Holding AG's adjusted book value per share data for the three months ended in Mar. 2024 was $186.579. 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 $169.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Valiant Holding AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Valiant Holding AG'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.

Valiant Holding AG Cyclically Adjusted PB Ratio Chart

Valiant Holding AG 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 - - - 0.71 0.64

Valiant Holding AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.68 0.64 0.64 0.64 0.70

Competitive Comparison of Valiant Holding AG's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Valiant Holding AG'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.


Valiant Holding AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Valiant Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Valiant Holding AG's Cyclically Adjusted PB Ratio falls into.



Valiant Holding AG 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.

Valiant Holding AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=112.00/169.53
=0.66

* 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.

Valiant Holding AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Valiant Holding AG'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)
=186.579/107.3549*107.3549
=186.579

Current CPI (Mar. 2024) = 107.3549.

Valiant Holding AG Quarterly Data

Book Value per Share CPI Adj_Book
201212 131.466 100.968 139.782
201306 130.848 101.466 138.442
201312 138.568 101.036 147.235
201406 137.740 101.517 145.661
201412 129.766 100.704 138.337
201506 135.750 100.464 145.062
201512 131.168 99.386 141.685
201603 0.000 99.475 0.000
201606 135.243 100.088 145.063
201609 0.000 99.604 0.000
201612 132.167 99.380 142.774
201703 135.930 100.040 145.869
201706 138.656 100.285 148.431
201709 141.772 100.254 151.814
201712 141.180 100.213 151.242
201803 148.603 100.836 158.211
201806 141.105 101.435 149.340
201809 145.930 101.246 154.736
201812 144.701 100.906 153.949
201903 145.167 101.571 153.434
201906 144.760 102.044 152.294
201909 145.978 101.396 154.557
201912 149.395 101.063 158.696
202003 154.682 101.048 164.337
202006 153.051 100.743 163.096
202009 161.046 100.585 171.886
202012 168.289 100.241 180.233
202103 162.387 100.800 172.947
202106 163.229 101.352 172.897
202109 162.341 101.533 171.650
202112 164.921 101.776 173.962
202203 165.089 103.205 171.727
202206 155.231 104.783 159.041
202209 156.671 104.835 160.437
202212 167.713 104.666 172.021
202303 171.173 106.245 172.962
202306 173.854 106.576 175.125
202309 177.572 106.570 178.881
202312 188.581 106.461 190.164
202403 186.579 107.355 186.579

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.


Valiant Holding AG  (OTCPK:VALIF) 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.


Valiant Holding AG Cyclically Adjusted PB Ratio Related Terms

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


Valiant Holding AG (Valiant Holding AG) Business Description

Traded in Other Exchanges
Address
c/o Valiant Bank AG, Pilatusstrasse 39, Lucerne, CHE, 6003
Valiant Holding AG is an independent retail and SME bank which offers banking and financial services to clients. It operates exclusively within Switzerland. It serves five basic client needs namely payments, savings, retirement planning, financing and investing. Its products and services encompass mobile banking app and payment solution Twint, savings account, retirement planning solutions, financing products and advisory services and customised investment solutions.

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