Vend Marketplaces ASA (CHIX:VENDO) Cyclically Adjusted PB Ratio: 1.99 (As of Jul. 22, 2026) — 33% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:VENDO Vend Marketplaces ASA CHIX:VENDO
65 GF Score
Price kr240.00
GF Value kr279.91
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Vend Marketplaces ASA Cyclically Adjusted PB Ratio?

Vend Marketplaces ASA CHIX:VENDO 65 Cyclically Adjusted PB Ratio is 1.99 as of Jul. 22, 2026, which is 33% below its 10-year median of 2.99. GuruFocus rates CHIX:VENDO with a GF Score™ of 65/100 and a GF Value™ of kr279.91 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 347 Interactive Media companies, Vend Marketplaces ASA ranks worse than 61.67% on this metric.

As of today (2026-07-22), Vend Marketplaces ASA's current share price is kr240.00. Vend Marketplaces ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr120.44. Vend Marketplaces ASA's Cyclically Adjusted PB Ratio for today is 1.99.

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

CHIX:VENDo' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64   Med: 2.99   Max: 6.69
Current: 2.01

During the past years, Vend Marketplaces ASA's highest Cyclically Adjusted PB Ratio was 6.69. The lowest was 1.64. And the median was 2.99.

CHIX:VENDo's Cyclically Adjusted PB Ratio is ranked worse than
61.67% of 347 companies
in the Interactive Media industry
Industry Median: 1.44 vs CHIX:VENDo: 2.01

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.

Vend Marketplaces ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr79.883. 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 kr120.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vend Marketplaces ASA  (CHIX:VENDo) 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.


Vend Marketplaces ASA Cyclically Adjusted PB Ratio Related Terms


Vend Marketplaces ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vend Marketplaces ASA'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.

Vend Marketplaces ASA Cyclically Adjusted PB Ratio Chart

Vend Marketplaces ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.94 2.10 2.84 3.15 2.39

Vend Marketplaces ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.99 2.90 2.39 2.01 1.97

CHIX:VENDO vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Vend Marketplaces ASA'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.


Vend Marketplaces ASA Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Vend Marketplaces ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:VENDO
65GF Score
Vend Marketplaces ASA CHIX:VENDO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vend Marketplaces ASA 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.

Vend Marketplaces ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=240.00/120.44
=1.99

* 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.

Vend Marketplaces ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vend Marketplaces ASA's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=79.883/141.8500*141.8500
=79.883

Current CPI (Jun. 2026) = 141.8500.

Vend Marketplaces ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 42.375 104.200 57.686
201612 43.925 104.400 59.682
201703 44.592 105.000 60.242
201706 49.897 105.800 66.899
201709 49.505 105.900 66.311
201712 60.338 106.100 80.669
201803 58.695 107.300 77.594
201806 55.962 108.500 73.163
201809 57.013 109.500 73.857
201812 58.754 109.800 75.904
201903 57.771 110.400 74.228
201906 45.328 110.600 58.135
201909 44.003 111.100 56.182
201912 43.570 111.300 55.529
202003 44.958 111.200 57.350
202006 44.425 112.100 56.215
202009 44.681 112.900 56.138
202012 42.302 112.900 53.149
202103 40.733 114.600 50.419
202106 295.590 115.300 363.655
202109 296.604 117.500 358.070
202112 212.950 118.900 254.053
202203 145.667 119.800 172.478
202206 128.745 122.600 148.960
202209 118.878 125.600 134.258
202212 119.078 125.900 134.164
202303 133.444 127.600 148.347
202306 125.747 130.400 136.788
202309 182.723 129.800 199.686
202312 182.483 131.900 196.249
202403 186.986 132.600 200.030
202406 126.850 133.800 134.482
202409 140.146 133.700 148.689
202412 137.158 134.800 144.331
202503 124.027 136.100 129.267
202506 197.452 137.800 203.255
202509 125.648 138.500 128.687
202512 113.310 139.100 115.550
202603 84.801 141.030 85.294
202606 79.883 141.850 79.883

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.

What does a Cyclically Adjusted PB Ratio of 1.99 mean?
Vend Marketplaces ASA (CHIX:VENDO) has a Cyclically Adjusted PB Ratio of 1.99 as of Jul. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Vend Marketplaces ASA and its competitors. This is 33% below median its historical median of 2.99. Over the past decade, Vend Marketplaces ASA's Cyclically Adjusted PB Ratio has ranged from 1.64 to 6.69. According to the industry distribution chart, Vend Marketplaces ASA ranks #214 out of 347 companies in the Interactive Media industry, placing it in the top 61.7%.
Is Vend Marketplaces ASA's Cyclically Adjusted PB Ratio too high?
Vend Marketplaces ASA's current Cyclically Adjusted PB Ratio of 1.99 is 33% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 6.69. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. Vend Marketplaces ASA's value of 1.99 is 38.2% above this industry median. Based on the distribution chart, Vend Marketplaces ASA ranks #214 out of 347 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Vend Marketplaces ASA has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vend Marketplaces ASA's Cyclically Adjusted PB Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Vend Marketplaces ASA ranks #214 out of 347 companies for Cyclically Adjusted PB Ratio. This places Vend Marketplaces ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Vend Marketplaces ASA's value of 1.99 is 38.2% above this benchmark. Historically, Vend Marketplaces ASA's own Cyclically Adjusted PB Ratio has ranged from 1.64 to 6.69 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 1.44, Vend Marketplaces ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.44, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vend Marketplaces ASA's current Cyclically Adjusted PB Ratio of 1.99 is 38.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Vend Marketplaces ASA and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vend Marketplaces ASA's current Cyclically Adjusted PB Ratio is 1.99, which is 33% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vend Marketplaces ASA stock overvalued right now?
Based on GuruFocus' analysis, Vend Marketplaces ASA (CHIX:VENDO) is currently considered Modestly Undervalued. The stock's GF Value™ is kr279.91, compared to a current price of kr240.00 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.99, which is 33% below median its 10-year median of 2.99 and 38.2% above the Interactive Media industry median of 1.44. Vend Marketplaces ASA's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Vend Marketplaces ASA (CHIX:VENDO), the current Cyclically Adjusted PB Ratio is 1.99 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vend Marketplaces ASA (CHIX:VENDO) Overvalued in 2026?

Based on GuruFocus' analysis, Vend Marketplaces ASA stock appears to be undervalued. The current stock price of kr240.00 is trading 14.3% below its estimated GF Value™ of kr279.91. GuruFocus considers Vend Marketplaces ASA to be Modestly Undervalued.

Key valuation signals for CHIX:VENDO:

  • Cyclically Adjusted PB Ratio: 1.99 (33% below median its 10-year median of 2.99)
  • GF Value™: kr279.91 vs. price of kr240.00 (14.3% below fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 38.2% above the Interactive Media median (#214 of 347)

No single metric tells the full story. See the CHIX:VENDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vend Marketplaces ASA Business Description

Address Akersgata 55, PO Box 490 Sentrum, Oslo, NOR, 0180
Vend Marketplaces ASA is a family of digital consumer brands with growing positions within online marketplaces in the Nordics. The companies operating segments includes Mobility, Real Estate, Jobs and Recommerce. It derives maximum revenue from Mobility Segment. Geographically, it operates in Norway, Sweden, Denmark, Finland and Others. Its brands include Blocket, Finn, Tori, DBA, and others.
65GF Score

Get the complete analysis for CHIX:VENDO

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr240.00
Price
kr279.91
GF Value