QIWI (MIC:QIWI) Cyclically Adjusted PB Ratio: 0.00 (As of Jul. 26, 2026)

Author: Vera Yuan Vera Yuan
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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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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 QIWI Cyclically Adjusted PB Ratio?

QIWI MIC:QIWI -6.99% 17 Cyclically Adjusted PB Ratio is 0.00 as of Jul. 26, 2026. GuruFocus rates MIC:QIWI with a GF Score™ of 17/100.

As of today (2026-07-26), QIWI's current share price is ₽0.00. QIWI's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₽796.70. QIWI's Cyclically Adjusted PB Ratio for today is 0.00.

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

MIC:QIWI's Cyclically Adjusted PB Ratio is not ranked *
in the Software industry.
Industry Median: 2.24
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

QIWI's adjusted book value per share data for the three months ended in Dec. 2023 was ₽940.204. 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 ₽796.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


QIWI  (MIC:QIWI) 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.


QIWI Cyclically Adjusted PB Ratio Related Terms


QIWI Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for QIWI'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.

QIWI Cyclically Adjusted PB Ratio Chart

QIWI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.37 0.82 0.70

QIWI Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.82 0.78 0.74 0.72 0.70

MIC:QIWI vs MSFT, ORCL, ADBE: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, QIWI'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.


QIWI Cyclically Adjusted PB Ratio vs Software Industry

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

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



QIWI 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.

QIWI's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.00/796.70
=0.00

* 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.

QIWI's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, QIWI's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=940.204/306.7460*306.7460
=940.204

Current CPI (Dec. 2023) = 306.7460.

QIWI Quarterly Data

Book Value per Share CPI Adj_Book
201403 68.821 236.293 89.341
201406 115.195 238.343 148.255
201409 132.648 238.031 170.941
201412 157.299 234.812 205.487
201503 182.163 236.119 236.651
201506 346.793 238.638 445.769
201509 347.365 237.945 447.804
201512 371.125 236.525 481.307
201603 342.839 238.132 441.623
201606 342.790 241.018 436.272
201609 345.116 241.428 438.487
201612 329.191 241.432 418.246
201703 329.934 243.801 415.117
201706 337.228 244.955 422.295
201709 337.781 246.819 419.793
201712 346.610 246.524 431.281
201803 357.807 249.554 439.808
201806 380.185 251.989 462.799
201809 398.653 252.439 484.415
201812 417.334 251.233 509.549
201903 430.549 254.202 519.544
201906 448.749 256.143 537.403
201909 449.852 256.759 537.431
201912 436.385 256.974 520.906
202003 452.902 258.115 538.232
202006 470.960 257.797 560.383
202009 493.343 260.280 581.416
202012 505.095 260.474 594.823
202103 513.721 264.877 594.925
202106 541.189 271.696 611.005
202109 656.562 274.310 734.198
202112 696.586 278.802 766.404
202203 717.443 287.504 765.460
202206 777.765 296.311 805.155
202209 844.099 296.808 872.362
202212 908.631 296.797 939.089
202303 972.318 301.836 988.135
202306 1,042.862 305.109 1,048.457
202309 1,070.799 307.789 1,067.170
202312 940.204 306.746 940.204

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 0.00 mean?
QIWI (MIC:QIWI) has a Cyclically Adjusted PB Ratio of 0.00 as of Jul. 26, 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 QIWI and its competitors.
Is QIWI's Cyclically Adjusted PB Ratio too high?
QIWI's current Cyclically Adjusted PB Ratio is 0.00. Overall, QIWI has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does QIWI's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
QIWI's Cyclically Adjusted PB Ratio of 0.00 can be compared against companies in the Software industry. The industry median Cyclically Adjusted PB Ratio is 2.24. 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 1,587 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. 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 QIWI 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. QIWI's current Cyclically Adjusted PB Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QIWI stock overvalued right now?
QIWI (MIC:QIWI) has a current Cyclically Adjusted PB Ratio of 0.00. The current Cyclically Adjusted PB Ratio is 0.00. QIWI's overall GF Score™ is 17/100. 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 QIWI (MIC:QIWI), the current Cyclically Adjusted PB Ratio is 0.00 as of Jul. 26, 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.

QIWI Business Description

Address Kennedy 12, Kennedy Business Centre, 2nd Floor, Nicosia, CYP, 1087
QIWI PLC is engaged in operating electronic online payment systems in Russia, Kazakhstan, Moldova, Belarus, Romania, United Arab Emirates (UAE), and other countries and provides consumer and small and medium enterprises (SME) financial services. The company's segments include Payment Services, Digital Marketing, and Corporate and Others. It generates maximum revenue from the Payment Services segment. Geographically, the majority is from CIS countries.