Vistance Networks (FRA:CM9) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

FRA:CM9 Vistance Networks Inc FRA:CM9
50 GF Score
Price €8.97
GF Value €3.17
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Vistance Networks Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vistance Networks  (FRA:CM9) 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.


Vistance Networks Cyclically Adjusted PB Ratio Related Terms


Vistance Networks Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vistance Networks'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.

Vistance Networks Cyclically Adjusted PB Ratio Chart

Vistance Networks 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 1.68 1.26 0.64 2.50 76.28

Vistance Networks 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 7.79 27.15 76.28 35.08 0.00

FRA:CM9 vs DGII, EXTR, BDC: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Vistance Networks'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.


Vistance Networks Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Vistance Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:CM9
50GF Score
Vistance Networks Inc FRA:CM9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vistance Networks 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.

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

For example, Vistance Networks'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)
=9.303/333.9520*333.9520
=9.303

Current CPI (Jun. 2026) = 333.9520.

Vistance Networks Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.621 241.428 9.158
201612 6.818 241.432 9.431
201703 6.785 243.801 9.294
201706 7.007 244.955 9.553
201709 6.820 246.819 9.228
201712 7.294 246.524 9.881
201803 7.310 249.554 9.782
201806 7.585 251.989 10.052
201809 7.825 252.439 10.352
201812 8.027 251.233 10.670
201903 7.981 254.202 10.485
201906 6.504 256.143 8.480
201909 5.661 256.759 7.363
201912 3.868 256.974 5.027
202003 2.650 258.115 3.429
202006 1.358 257.797 1.759
202009 1.095 260.280 1.405
202012 1.458 260.474 1.869
202103 0.856 264.877 1.079
202106 0.280 271.696 0.344
202109 -0.347 274.310 -0.422
202112 -0.677 278.802 -0.811
202203 -1.378 287.504 -1.601
202206 -2.143 296.311 -2.415
202209 -2.610 296.808 -2.937
202212 -7.004 296.797 -7.881
202303 -6.814 301.836 -7.539
202306 -7.038 305.109 -7.703
202309 -11.010 307.789 -11.946
202312 -13.077 306.746 -14.237
202403 -14.440 312.332 -15.440
202406 -14.284 314.175 -15.183
202409 -13.868 315.301 -14.688
202412 -15.288 315.605 -16.177
202503 -10.883 319.799 -11.365
202506 -9.555 322.561 -9.892
202509 -9.018 324.800 -9.272
202512 -3.841 324.054 -3.958
202603 17.623 330.213 17.823
202606 9.303 333.952 9.303

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.

Is Vistance Networks (FRA:CM9) Overvalued in 2026?

Based on GuruFocus' analysis, Vistance Networks stock appears to be overvalued. The current stock price of €8.97 is trading 182.8% above its estimated GF Value™ of €3.17. GuruFocus considers Vistance Networks to be Significantly Overvalued.

Key valuation signals for FRA:CM9:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.17 vs. price of €8.97 (182.8% above fair value)
  • GF Score™: 50/100 with 4 warning signs

No single metric tells the full story. See the FRA:CM9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vistance Networks Business Description

Other Exchanges VISN:USACM9:Germany
Address 2601 Telecom Parkway, Richardson, TX, USA, 75082
Vistance Networks Inc operates in the communications technology sector, providing solutions designed to support the delivery and management of communications services. It serves customers globally through teams involved in product development, implementation, and customer support. The company designs and develops network infrastructure and connectivity solutions focused on reliability and performance. Its offerings include intelligent networking technologies intended to support evolving communication requirements.
50GF Score

Get the complete analysis for FRA:CM9

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

€8.97
Price
€3.17
GF Value