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Vitec Software Group AB (OSTO:VIT B) Cyclically Adjusted Book per Share : kr47.44 (As of Mar. 2025)


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What is Vitec Software Group AB 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.

Vitec Software Group AB's adjusted book value per share for the three months ended in Mar. 2025 was kr117.369. 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 kr47.44 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Vitec Software Group AB's average Cyclically Adjusted Book Growth Rate was 28.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 38.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 36.10% 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 Vitec Software Group AB was 40.60% per year. The lowest was 25.50% per year. And the median was 36.55% per year.

As of today (2025-07-08), Vitec Software Group AB's current stock price is kr487.40. Vitec Software Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr47.44. Vitec Software Group AB's Cyclically Adjusted PB Ratio of today is 10.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vitec Software Group AB was 37.65. The lowest was 9.11. And the median was 16.99.


Vitec Software Group AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vitec Software Group AB'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.

Vitec Software Group AB Cyclically Adjusted Book per Share Chart

Vitec Software Group AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 16.73 25.12 34.70 44.84

Vitec Software Group AB 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 36.97 39.24 41.83 44.84 47.44

Competitive Comparison of Vitec Software Group AB's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Vitec Software Group AB'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.


Vitec Software Group AB's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Vitec Software Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vitec Software Group AB's Cyclically Adjusted PB Ratio falls into.


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Vitec Software Group AB 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, Vitec Software Group AB'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)
=117.369/132.8245*132.8245
=117.369

Current CPI (Mar. 2025) = 132.8245.

Vitec Software Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.282 99.995 11.001
201509 8.733 100.228 11.573
201512 9.237 100.276 12.235
201603 9.913 100.751 13.069
201606 9.908 101.019 13.027
201609 10.775 101.138 14.151
201612 11.369 102.022 14.802
201703 11.943 102.022 15.549
201706 11.611 102.752 15.009
201709 12.064 103.279 15.515
201712 13.344 103.793 17.076
201803 14.693 103.962 18.772
201806 14.506 104.875 18.372
201809 15.262 105.679 19.182
201812 20.707 105.912 25.969
201903 22.009 105.886 27.608
201906 21.536 106.742 26.798
201909 23.167 107.214 28.701
201912 23.315 107.766 28.736
202003 23.864 106.563 29.745
202006 24.149 107.498 29.839
202009 25.347 107.635 31.279
202012 25.733 108.296 31.561
202103 29.151 108.360 35.733
202106 28.693 108.928 34.988
202109 54.647 110.338 65.784
202112 56.757 112.486 67.019
202203 59.732 114.825 69.095
202206 60.175 118.384 67.515
202209 64.158 122.296 69.681
202212 85.986 126.365 90.381
202303 88.282 127.042 92.301
202306 93.391 129.407 95.858
202309 93.193 130.224 95.054
202312 90.788 131.912 91.416
202403 96.702 132.205 97.155
202406 95.252 132.716 95.330
202409 119.386 132.304 119.855
202412 123.512 132.987 123.361
202503 117.369 132.825 117.369

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


Vitec Software Group AB  (OSTO:VIT B) 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.

Vitec Software Group AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=487.40/47.44
=10.27

* 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 Vitec Software Group AB was 37.65. The lowest was 9.11. And the median was 16.99.


Be Aware

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


Vitec Software Group AB Cyclically Adjusted Book per Share Related Terms

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


Vitec Software Group AB Business Description

Industry
Traded in Other Exchanges
Address
Tvistevagen 47A, Umea, SWE, 907 29
Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.

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