Veritone (FRA:VEK) Cyclically Adjusted PB Ratio: 0.63 (As of Aug. 03, 2026) — 59% Below Median

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
62 GF Score
Price €0.90
GF Value €1.21
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Veritone Cyclically Adjusted PB Ratio?

Veritone FRA:VEK +1.12% 62 Cyclically Adjusted PB Ratio is 0.63 as of Aug. 03, 2026, which is 59% below its 10-year median of 1.52. GuruFocus rates FRA:VEK with a GF Score™ of 62/100 and a GF Value™ of €1.21 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,573 Software companies, Veritone ranks better than 84.55% on this metric.

As of today (2026-08-03), Veritone's current share price is €0.902. Veritone's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.44. Veritone's Cyclically Adjusted PB Ratio for today is 0.63.

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

FRA:VEK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.52   Max: 3.97
Current: 0.58

During the past years, Veritone's highest Cyclically Adjusted PB Ratio was 3.97. The lowest was 0.54. And the median was 1.52.

FRA:VEK's Cyclically Adjusted PB Ratio is ranked better than
84.55% of 1573 companies
in the Software industry
Industry Median: 2.24 vs FRA:VEK: 0.58

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.

Veritone's adjusted book value per share data for the three months ended in Mar. 2026 was €0.456. 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 €1.44 for the trailing ten years ended in Mar. 2026.

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 0.00 0.00 0.00 0.00 2.47

Veritone Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 2.66 2.47 1.05

FRA:VEK vs TCX, BCRD, 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
62GF Score
Veritone Inc FRA:VEK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.902/1.44
=0.63

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

For example, Veritone's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.456/330.2130*330.2130
=0.456

Current CPI (Mar. 2026) = 330.2130.

Veritone Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 -3.417 241.432 -4.674
201703 -3.619 243.801 -4.902
201706 3.303 244.955 4.453
201709 2.683 246.819 3.590
201712 3.206 246.524 4.294
201803 2.552 249.554 3.377
201806 3.389 251.989 4.441
201809 3.291 252.439 4.305
201812 2.741 251.233 3.603
201903 2.520 254.202 3.274
201906 2.201 256.143 2.837
201909 1.985 256.759 2.553
201912 1.662 256.974 2.136
202003 1.413 258.115 1.808
202006 1.293 257.797 1.656
202009 1.054 260.280 1.337
202012 2.280 260.474 2.890
202103 2.205 264.877 2.749
202106 2.026 271.696 2.462
202109 2.625 274.310 3.160
202112 2.189 278.802 2.593
202203 1.410 287.504 1.619
202206 1.839 296.311 2.049
202209 1.968 296.808 2.189
202212 2.075 296.797 2.309
202303 1.541 301.836 1.686
202306 0.977 305.109 1.057
202309 0.473 307.789 0.507
202312 0.941 306.746 1.013
202403 0.363 312.332 0.384
202406 -0.139 314.175 -0.146
202409 -0.593 315.301 -0.621
202412 0.319 315.605 0.334
202503 0.304 319.799 0.314
202506 0.022 322.561 0.023
202509 0.192 324.800 0.195
202512 0.628 324.054 0.640
202603 0.456 330.213 0.456

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 0.63 mean?
Veritone (FRA:VEK) has a Cyclically Adjusted PB Ratio of 0.63 as of Aug. 03, 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 Veritone and its competitors. This is 59% below median its historical median of 1.52. Over the past decade, Veritone's Cyclically Adjusted PB Ratio has ranged from 0.54 to 3.97. According to the industry distribution chart, Veritone ranks #243 out of 1573 companies in the Software industry, placing it in the top 15.4%.
Is Veritone's Cyclically Adjusted PB Ratio too high?
Veritone's current Cyclically Adjusted PB Ratio of 0.63 is 59% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 3.97. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Veritone's value of 0.63 is 71.9% below this industry median. Based on the distribution chart, Veritone ranks #243 out of 1573 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Veritone has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veritone's Cyclically Adjusted PB Ratio compare to TCX and BCRD?
According to the Software industry distribution chart, Veritone ranks #243 out of 1573 companies for Cyclically Adjusted PB Ratio. This places Veritone in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.24. Veritone's value of 0.63 is 71.9% below this benchmark. Historically, Veritone's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 3.97 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 2.24, Veritone has consistently been below 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,573 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. Veritone's current Cyclically Adjusted PB Ratio of 0.63 is 71.9% below 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 Veritone and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veritone's current Cyclically Adjusted PB Ratio is 0.63, which is 59% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veritone stock overvalued right now?
Based on GuruFocus' analysis, Veritone (FRA:VEK) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.21, compared to a current price of €0.90 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.63, which is 59% below median its 10-year median of 1.52 and 71.9% below the Software industry median of 2.24. Veritone's overall GF Score™ is 62/100 with 7 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 Veritone (FRA:VEK), the current Cyclically Adjusted PB Ratio is 0.63 as of Aug. 03, 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 Veritone (FRA:VEK) Overvalued in 2026?

Based on GuruFocus' analysis, Veritone stock appears to be undervalued. The current stock price of €0.90 is trading 25.5% below its estimated GF Value™ of €1.21. GuruFocus considers Veritone to be Modestly Undervalued.

Key valuation signals for FRA:VEK:

  • Cyclically Adjusted PB Ratio: 0.63 (59% below median its 10-year median of 1.52)
  • GF Value™: €1.21 vs. price of €0.90 (25.5% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 71.9% below the Software median (#243 of 1573)

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.
62GF 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.

€0.90
Price
€1.21
GF Value