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Valiant Holding AG (XSWX:VATN) Cyclically Adjusted PB Ratio : 0.68 (As of Jun. 05, 2024)


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What is Valiant Holding AG Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Valiant Holding AG's current share price is CHF102.80. Valiant Holding AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was CHF150.57. Valiant Holding AG's Cyclically Adjusted PB Ratio for today is 0.68.

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

XSWX:VATN' 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.

XSWX:VATN's Cyclically Adjusted PB Ratio is ranked better than
69.88% of 1192 companies
in the Banks industry
Industry Median: 0.92 vs XSWX:VATN: 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 CHF165.794. 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 CHF150.57 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
=102.80/150.57
=0.68

* 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)
=165.794/107.3549*107.3549
=165.794

Current CPI (Mar. 2024) = 107.3549.

Valiant Holding AG Quarterly Data

Book Value per Share CPI Adj_Book
201212 121.120 100.968 128.782
201306 122.094 101.466 129.180
201312 123.783 101.036 131.525
201406 123.387 101.517 130.483
201412 126.561 100.704 134.920
201506 126.533 100.464 135.213
201512 130.525 99.386 140.990
201603 0.000 99.475 0.000
201606 131.118 100.088 140.638
201609 0.000 99.604 0.000
201612 134.731 99.380 145.543
201703 136.134 100.040 146.088
201706 134.233 100.285 143.696
201709 136.456 100.254 146.122
201712 139.344 100.213 149.275
201803 140.876 100.836 149.984
201806 139.694 101.435 147.847
201809 141.304 101.246 149.831
201812 143.529 100.906 152.702
201903 145.239 101.571 153.510
201906 143.023 102.044 150.467
201909 144.606 101.396 153.105
201912 146.795 101.063 155.934
202003 148.386 101.048 157.648
202006 145.598 100.743 155.154
202009 147.341 100.585 157.258
202012 149.508 100.241 160.119
202103 150.987 100.800 160.806
202106 148.180 101.352 156.956
202109 149.808 101.533 158.399
202112 151.892 101.776 160.219
202203 153.434 103.205 159.604
202206 150.605 104.783 154.302
202209 152.487 104.835 156.153
202212 156.242 104.666 160.256
202303 158.421 106.245 160.076
202306 156.538 106.576 157.683
202309 159.744 106.570 160.921
202312 163.085 106.461 164.454
202403 165.794 107.355 165.794

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  (XSWX:VATN) 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 (XSWX:VATN) 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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