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Forras Vagyonk (BUD:FORRAS.T) Cyclically Adjusted PB Ratio : 0.24 (As of Jun. 19, 2025)


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What is Forras Vagyonk Cyclically Adjusted PB Ratio?

As of today (2025-06-19), Forras Vagyonk's current share price is Ft1860.00. Forras Vagyonk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was Ft7,696.34. Forras Vagyonk's Cyclically Adjusted PB Ratio for today is 0.24.

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

BUD:FORRAS.T' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.24   Max: 0.37
Current: 0.24

During the past 13 years, Forras Vagyonk's highest Cyclically Adjusted PB Ratio was 0.37. The lowest was 0.15. And the median was 0.24.

BUD:FORRAS.T's Cyclically Adjusted PB Ratio is ranked better than
90.66% of 964 companies
in the Asset Management industry
Industry Median: 0.805 vs BUD:FORRAS.T: 0.24

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.

Forras Vagyonk's adjusted book value per share data of for the fiscal year that ended in Dec24 was Ft8,645.330. 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 Ft7,696.34 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forras Vagyonk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Forras Vagyonk'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.

Forras Vagyonk Cyclically Adjusted PB Ratio Chart

Forras Vagyonk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.24 0.20 0.24 0.26

Forras Vagyonk Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.20 - 0.24 - 0.26

Competitive Comparison of Forras Vagyonk's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Forras Vagyonk'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.


Forras Vagyonk's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Forras Vagyonk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Forras Vagyonk 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.

Forras Vagyonk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1860.00/7696.34
=0.24

* 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.

Forras Vagyonk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Forras Vagyonk's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=8645.33/167.8016*167.8016
=8,645.330

Current CPI (Dec24) = 167.8016.

Forras Vagyonk Annual Data

Book Value per Share CPI Adj_Book
201512 5,305.800 99.704 8,929.658
201612 4,504.531 101.406 7,453.844
201712 4,653.244 103.627 7,534.933
201812 4,667.625 106.440 7,358.485
201912 4,867.977 110.659 7,381.739
202012 5,090.875 113.694 7,513.677
202112 5,285.499 122.058 7,266.360
202212 6,487.072 152.036 7,159.782
202312 7,379.036 160.400 7,719.553
202412 8,645.330 167.802 8,645.330

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.


Forras Vagyonk  (BUD:FORRAS.T) 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.


Forras Vagyonk Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Forras Vagyonk's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Forras Vagyonk Business Description

Traded in Other Exchanges
Address
Bartok Bela ut 152, Budapest, HUN, 1113
Forras Vagyonk operates in the asset management industry in Hungary. The activities of the company include sale of existing portfolio, secure money and real estate market operations, and service delivery.

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