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Voyager Digital (FRA:UCD2) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Voyager Digital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Voyager Digital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Voyager Digital'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.

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Voyager Digital Cyclically Adjusted PB Ratio Chart

Voyager Digital Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Cyclically Adjusted PB Ratio
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Voyager Digital Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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Competitive Comparison of Voyager Digital's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Voyager Digital'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.


Voyager Digital's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Voyager Digital 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.

Voyager Digital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2022 is calculated as:

For example, Voyager Digital's adjusted Book Value per Share data for the three months ended in Mar. 2022 was:

Adj_Book=Book Value per Share/CPI of Mar. 2022 (Change)*Current CPI (Mar. 2022)
=1.372/121.3010*121.3010
=1.372

Current CPI (Mar. 2022) = 121.3010.

Voyager Digital Quarterly Data

Book Value per Share CPI Adj_Book
201206 6.658 96.819 8.342
201209 6.689 97.633 8.311
201212 6.344 96.871 7.944
201303 6.149 98.209 7.595
201306 5.516 98.518 6.792
201309 5.488 98.790 6.739
201312 5.074 98.326 6.260
201403 4.809 99.695 5.851
201406 -0.236 100.560 -0.285
201409 -0.305 100.428 -0.368
201412 -0.106 99.070 -0.130
201503 -0.131 99.621 -0.160
201506 -0.123 100.684 -0.148
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 0.000 100.470 0.000
201606 -0.147 101.688 -0.175
201609 -0.151 101.861 -0.180
201612 -0.164 101.863 -0.195
201703 -0.185 102.862 -0.218
201706 -0.197 103.349 -0.231
201709 -0.202 104.136 -0.235
201712 -0.208 104.011 -0.243
201803 -0.004 105.290 -0.005
201806 0.008 106.317 0.009
201809 0.007 106.507 0.008
201812 0.005 105.998 0.006
201903 0.021 107.251 0.024
201906 0.003 108.070 0.003
201909 -0.008 108.329 -0.009
201912 0.025 108.420 0.028
202003 0.024 108.902 0.027
202006 0.005 108.767 0.006
202009 0.046 109.815 0.051
202012 0.005 109.897 0.006
202103 0.572 111.754 0.621
202106 0.990 114.631 1.048
202109 1.195 115.734 1.252
202112 1.632 117.630 1.683
202203 1.372 121.301 1.372

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.


Voyager Digital  (FRA:UCD2) 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.


Voyager Digital Cyclically Adjusted PB Ratio Related Terms

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Voyager Digital (FRA:UCD2) Business Description

Industry
Traded in Other Exchanges
N/A
Address
33 Irving Plaza, Suite 3060, New York, NY, USA, 10003
Voyager Digital Ltd through its subsidiary operates as a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet, and custody services through its institutional-grade open architecture platform.

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