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Visa (V) Cyclically Adjusted Book per Share : $17.41 (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 $19.342. 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 $17.41 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 (2025-05-07), Visa's current stock price is $349.85. Visa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $17.41. Visa's Cyclically Adjusted PB Ratio of today is 20.09.

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 14.72.


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 12.52 13.69 15.07 16.08 16.97

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 16.57 16.79 16.97 17.09 17.41

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)
=19.342/134.9266*134.9266
=19.342

Current CPI (Mar. 2025) = 134.9266.

Visa Quarterly Data

Book Value per Share CPI Adj_Book
201506 11.823 100.684 15.844
201509 12.314 100.392 16.550
201512 12.305 99.792 16.637
201603 12.269 100.470 16.477
201606 11.367 101.688 15.082
201609 11.499 101.861 15.232
201612 11.096 101.863 14.698
201703 10.814 102.862 14.185
201706 11.436 103.349 14.930
201709 11.861 104.136 15.368
201712 12.253 104.011 15.895
201803 12.611 105.290 16.161
201806 12.366 106.317 15.694
201809 12.915 106.507 16.361
201812 12.850 105.998 16.357
201903 12.986 107.251 16.337
201906 13.406 108.070 16.738
201909 13.355 108.329 16.634
201912 13.679 108.420 17.023
202003 13.466 108.902 16.684
202006 14.228 108.767 17.650
202009 14.678 109.815 18.034
202012 15.695 109.897 19.270
202103 15.880 111.754 19.173
202106 16.082 114.631 18.929
202109 17.540 115.734 20.449
202112 15.608 117.630 17.903
202203 15.531 121.301 17.276
202206 15.473 125.017 16.700
202209 15.742 125.227 16.961
202212 17.558 125.222 18.919
202303 18.399 127.348 19.494
202306 18.732 128.729 19.634
202309 17.908 129.860 18.607
202312 19.338 129.419 20.161
202403 19.000 131.776 19.454
202406 19.597 132.554 19.948
202409 19.625 133.029 19.905
202412 19.367 133.157 19.624
202503 19.342 134.927 19.342

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


Visa  (NYSE:V) 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
=349.85/17.41
=20.09

* 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 14.72.


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.
Executives
Ryan Mcinerney officer: PRESIDENT C/O VISA INC., PO BOX 8999, SAN FRANCISCO CA 94128
Paul D Fabara officer: CHIEF RISK OFFICER 200 VESEY STREET, NEW YORK NY 10285
Peter M Andreski officer: GBL CORP CONTROLLER, CAO C/O VISA INC., POB 8999, SAN FRANCISCO CA 94128
Tullier Kelly Mahon officer: V.CHAIR, CHF PPL & ADM OFF C/O VISA INC., PO BOX 8999, SAN FRANCISCO CA 94128
Julie B Rottenberg officer: GENERAL COUNSEL C/O VISA INC, POB 8999, SAN FRANCISCO CA 94128
Rajat Taneja officer: PRESIDENT, TECHNOLOGY C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, LEGAL DEPT., REDWOOD CITY CA 94065
Lloyd Carney director C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Kelly Alfred F Jr director, officer: CHAIRMAN & CEO AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Chris Suh officer: CHIEF FINANCIAL OFFICER C/O CARDLYTICS, INC., 675 PONCE DE LEON AVE. NE, STE 6000, ATLANTA GA 30308
Vasant M Prabhu officer: VICE CHAIR, CFO C/O SAFEWAY INC, 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Pam Murphy director 1201 S. 2ND STREET, MILWAUKEE WI 53204
Kermit R Crawford director 200 WILMOT ROAD, DEERFIELD IL 60015
Teri List director 2200 PENNSYLVANIA AVENUE, SUITE 800W, WASHINGTON DC 20037
Robert W Matschullat director C/O THE CLOROX COMPANY, 1221 BROADWAY, OAKLAND CA 94612
James H Hoffmeister officer: GBL CORP CONTROLLER, CAO C/O VISA INC., PO BOX 8999, SAN FRANCISCO CA 94128