Veritone (FRA:VEK) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:VEK Veritone Inc FRA:VEK
55 GF Score
Price €0.94
GF Value €0.98
Valuation Fairly Valued
! 7 Warning Signs
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What is Veritone Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Veritone  (FRA:VEK) 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.


Veritone Cyclically Adjusted PB Ratio Related Terms


Veritone Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Veritone'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.

Veritone Cyclically Adjusted PB Ratio Chart

Veritone 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 - - 1.51 2.67 2.62

Veritone 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 1.29 4.54 3.99 1.50 1.07

FRA:VEK vs USIO, AIFC, ROC: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Veritone'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.


Veritone Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:VEK
55GF Score
Veritone Inc FRA:VEK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Veritone 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.

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

For example, Veritone'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)
=0.334/333.9520*333.9520
=0.334

Current CPI (Jun. 2026) = 333.9520.

Veritone Quarterly Data

Book Value per Share CPI Adj_Book
201609 -2.185 241.428 -3.022
201612 -3.028 241.432 -4.188
201703 -16.443 243.801 -22.523
201706 3.254 244.955 4.436
201709 2.705 246.819 3.660
201712 3.159 246.524 4.279
201803 2.559 249.554 3.424
201806 3.391 251.989 4.494
201809 3.306 252.439 4.374
201812 2.727 251.233 3.625
201903 2.535 254.202 3.330
201906 2.183 256.143 2.846
201909 2.005 256.759 2.608
201912 1.645 256.974 2.138
202003 1.423 258.115 1.841
202006 1.297 257.797 1.680
202009 1.059 260.280 1.359
202012 2.267 260.474 2.907
202103 2.234 264.877 2.817
202106 2.058 271.696 2.530
202109 2.665 274.310 3.244
202112 2.175 278.802 2.605
202203 1.396 287.504 1.622
202206 1.859 296.311 2.095
202209 1.989 296.808 2.238
202212 2.060 296.797 2.318
202303 1.519 301.836 1.681
202306 0.970 305.109 1.062
202309 0.476 307.789 0.516
202312 0.929 306.746 1.011
202403 0.366 312.332 0.391
202406 -0.140 314.175 -0.149
202409 -0.590 315.301 -0.625
202412 0.323 315.605 0.342
202503 0.304 319.799 0.317
202506 0.022 322.561 0.023
202509 0.186 324.800 0.191
202512 0.626 324.054 0.645
202603 0.457 330.213 0.462
202606 0.334 333.952 0.334

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 Veritone (FRA:VEK) Overvalued in 2026?

Based on GuruFocus' analysis, Veritone stock appears to be undervalued. The current stock price of €0.94 is trading 4.3% below its estimated GF Value™ of €0.98. GuruFocus considers Veritone to be Fairly Valued.

Key valuation signals for FRA:VEK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.98 vs. price of €0.94 (4.3% below fair value)
  • GF Score™: 55/100 with 7 warning signs

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


Veritone Business Description

Other Exchanges VERI:USA0LP5:UK
Address 5291 California Avenue, Suite 350, Irvine, CA, USA, 92617
Veritone Inc is a provider of artificial intelligence (AI) computing solutions and services. It generates revenue through the delivery of its Software Products and Services which consists of revenues generated from Commercial Enterprise and Government and Regulated Industries customers using the company's aiWARE platform and hiring solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions, Managed Services which consist of revenues generated from Commercial Enterprise customers using company's content licensing services, advertising agency, influencer management and related services. It has presence in the United States, the United Kingdom, France, Australia, Israel, and India.
55GF Score

Get the complete analysis for FRA:VEK

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

€0.94
Price
€0.98
GF Value