Vietnam Infrastructure (LSE:VNI) Cyclically Adjusted PB Ratio: (As of Aug. 15, 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.
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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.

What is Vietnam Infrastructure Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vietnam Infrastructure  (LSE:VNI) 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.


Vietnam Infrastructure Cyclically Adjusted PB Ratio Related Terms


Vietnam Infrastructure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vietnam Infrastructure'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.

Vietnam Infrastructure Cyclically Adjusted PB Ratio Chart

Vietnam Infrastructure Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Vietnam Infrastructure Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
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 0.00 0.00 0.00 0.00 0.00

LSE:VNI vs SSSS, ABDC, PIOE: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Vietnam Infrastructure'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.


Vietnam Infrastructure Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Vietnam Infrastructure's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Vietnam Infrastructure 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.

Vietnam Infrastructure's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun16 is calculated as:

For example, Vietnam Infrastructure's adjusted Book Value per Share data for the fiscal year that ended in Jun16 was:

Adj_Book=Book Value per Share/CPI of Jun16 (Change)*Current CPI (Jun16)
=0.014/241.0180*241.0180
=0.014

Current CPI (Jun16) = 241.0180.

Vietnam Infrastructure Annual Data

Book Value per Share CPI Adj_Book
200706 0.000 208.352 0.000
200806 0.836 218.815 0.921
200906 0.651 215.693 0.727
201006 0.641 217.965 0.709
201106 0.497 225.722 0.531
201206 0.503 229.478 0.528
201306 0.522 233.504 0.539
201406 0.606 238.343 0.613
201506 0.578 238.638 0.584
201606 0.014 241.018 0.014

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.


Vietnam Infrastructure Business Description

Vietnam Infrastructure Ltd is a closed-ended investment company. The company principally invests in a diversified portfolio of entities owning infrastructure projects and assets in Vietnam. It invests in infrastructure and infrastructure-related asset in Vietnam namely energy, transport, telecommunication, industrial parks and water and environmental utilities. The company's investment objective is to achieve medium to long-term capital appreciation and providing investment income through investments in listed and unlisted equity instruments, debt instruments, assets and other opportunities in Vietnam and other countries. It focuses on risk management to minimize potential adverse effects on company's financial performance.