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Visa (NEOE:VISA) Cyclically Adjusted Book per Share : C$1.64 (As of Mar. 2025)


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What is Visa Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Visa's adjusted book value per share for the three months ended in Mar. 2025 was C$1.928. 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 C$1.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Visa's average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Visa was 8.70% per year. The lowest was 6.20% per year. And the median was 7.65% per year.

As of today (2025-05-30), Visa's current stock price is C$34.35. Visa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$1.64. Visa's Cyclically Adjusted PB Ratio of today is 20.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Visa was 21.22. The lowest was 8.10. And the median was 14.73.


Visa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Visa's Cyclically Adjusted Book per Share 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.

Visa Cyclically Adjusted Book per Share Chart

Visa Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.48 1.55 1.62

Visa Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 1.59 1.60 1.62 1.62 1.64

Competitive Comparison of Visa's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Visa'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.


Visa's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Visa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Visa Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Visa's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.928/134.9266*134.9266
=1.928

Current CPI (Mar. 2025) = 134.9266.

Visa Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.015 100.684 1.360
201509 1.134 100.392 1.524
201512 1.172 99.792 1.585
201603 1.127 100.470 1.514
201606 1.018 101.688 1.351
201609 1.047 101.861 1.387
201612 1.028 101.863 1.362
201703 1.005 102.862 1.318
201706 1.056 103.349 1.379
201709 1.011 104.136 1.310
201712 1.086 104.011 1.409
201803 1.132 105.290 1.451
201806 1.127 106.317 1.430
201809 1.169 106.507 1.481
201812 1.199 105.998 1.526
201903 1.206 107.251 1.517
201906 1.237 108.070 1.544
201909 1.228 108.329 1.530
201912 1.251 108.420 1.557
202003 1.305 108.902 1.617
202006 1.339 108.767 1.661
202009 1.348 109.815 1.656
202012 1.396 109.897 1.714
202103 1.386 111.754 1.673
202106 1.365 114.631 1.607
202109 1.543 115.734 1.799
202112 1.387 117.630 1.591
202203 1.365 121.301 1.518
202206 1.376 125.017 1.485
202209 1.458 125.227 1.571
202212 1.656 125.222 1.784
202303 1.748 127.348 1.852
202306 1.728 128.729 1.811
202309 1.683 129.860 1.749
202312 1.801 129.419 1.878
202403 1.786 131.776 1.829
202406 1.865 132.554 1.898
202409 1.846 133.029 1.872
202412 1.916 133.157 1.941
202503 1.928 134.927 1.928

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Visa  (NEOE:VISA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Visa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.35/1.64
=20.95

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Visa was 21.22. The lowest was 8.10. And the median was 14.73.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Visa Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Visa's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Visa Business Description

Industry
Address
P.O. Box 8999, San Francisco, CA, USA, 94128-8999
Visa is the largest payment processor in the world. In fiscal 2023, it processed almost $15 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

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