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VNET (VNET Group) Cyclically Adjusted Book per Share : $6.76 (As of Mar. 2025)


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What is VNET Group 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.

VNET Group's adjusted book value per share for the three months ended in Mar. 2025 was $3.167. 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 $6.76 for the trailing ten years ended in Mar. 2025.

During the past 12 months, VNET Group's average Cyclically Adjusted Book Growth Rate was -4.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.80% 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 VNET Group was 4.30% per year. The lowest was -1.10% per year. And the median was 3.20% per year.

As of today (2025-06-16), VNET Group's current stock price is $5.68. VNET Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $6.76. VNET Group's Cyclically Adjusted PB Ratio of today is 0.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of VNET Group was 6.38. The lowest was 0.21. And the median was 0.87.


VNET Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for VNET Group'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.

VNET Group Cyclically Adjusted Book per Share Chart

VNET Group 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 6.52 7.04 7.28 7.16 6.82

VNET Group 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 7.09 6.97 6.95 6.82 6.76

Competitive Comparison of VNET Group's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, VNET Group'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.


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

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

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


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VNET Group 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, VNET Group'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)
=3.167/115.1156*115.1156
=3.167

Current CPI (Mar. 2025) = 115.1156.

VNET Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.598 99.500 8.790
201509 7.371 100.500 8.443
201512 7.149 100.600 8.181
201603 6.848 102.200 7.713
201606 8.787 101.400 9.976
201609 8.599 102.400 9.667
201612 7.812 102.600 8.765
201703 7.626 103.200 8.507
201706 7.575 103.100 8.458
201709 5.820 104.100 6.436
201712 6.845 104.500 7.540
201803 7.100 105.300 7.762
201806 6.958 104.900 7.636
201809 6.610 106.600 7.138
201812 6.584 106.500 7.117
201903 6.745 107.700 7.209
201906 6.486 107.700 6.933
201909 6.146 109.800 6.444
201912 6.232 111.200 6.451
202003 6.101 112.300 6.254
202006 3.989 110.400 4.159
202009 6.892 111.700 7.103
202012 6.189 111.500 6.390
202103 8.626 112.662 8.814
202106 7.410 111.769 7.632
202109 7.381 112.215 7.572
202112 7.682 113.108 7.818
202203 7.812 114.335 7.865
202206 7.112 114.558 7.147
202209 6.423 115.339 6.411
202212 6.386 115.116 6.386
202303 6.575 115.116 6.575
202306 6.050 114.558 6.079
202309 5.878 115.339 5.867
202312 3.272 114.781 3.282
202403 3.131 115.227 3.128
202406 3.103 114.781 3.112
202409 3.352 115.785 3.333
202412 3.251 114.893 3.257
202503 3.167 115.116 3.167

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


VNET Group  (NAS:VNET) 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.

VNET Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.68/6.76
=0.84

* 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 VNET Group was 6.38. The lowest was 0.21. And the median was 0.87.


Be Aware

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


VNET Group Cyclically Adjusted Book per Share Related Terms

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


VNET Group Business Description

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Address
No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of March 2025, it had 51,960 retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 573 MW of wholesale capacity in service with a further 377 MW under construction and a further 670 MW held for future development.