VISTAL Gdynia (STU:2VG) Cyclically Adjusted PB Ratio: (As of Aug. 24, 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.

STU:2VG VISTAL Gdynia SA STU:2VG
4 GF Score
Price €0.12
View Full Analysis

What is VISTAL Gdynia Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VISTAL Gdynia  (STU:2VG) 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.


VISTAL Gdynia Cyclically Adjusted PB Ratio Related Terms


VISTAL Gdynia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VISTAL Gdynia'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.

VISTAL Gdynia Cyclically Adjusted PB Ratio Chart

VISTAL Gdynia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.49

VISTAL Gdynia Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.37 0.49 0.74 9.29 0.00

STU:2VG vs PWR, J: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, VISTAL Gdynia'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.


VISTAL Gdynia Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, VISTAL Gdynia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:2VG
4GF Score
VISTAL Gdynia SA STU:2VG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VISTAL Gdynia 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.

VISTAL Gdynia's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-6.98/146.1131*146.1131
=-6.980

Current CPI (Sep. 2023) = 146.1131.

VISTAL Gdynia Quarterly Data

Book Value per Share CPI Adj_Book
201312 2.498 101.018 3.613
201403 2.555 101.262 3.687
201406 2.631 101.180 3.799
201409 2.665 100.611 3.870
201412 3.100 100.122 4.524
201503 3.232 100.041 4.720
201506 3.240 100.448 4.713
201509 3.261 99.634 4.782
201512 3.442 99.471 5.056
201603 3.533 98.983 5.215
201606 3.552 99.552 5.213
201609 3.596 99.064 5.304
201612 3.512 100.366 5.113
201703 3.619 101.018 5.235
201706 1.802 101.180 2.602
201709 0.547 101.343 0.789
201712 -3.969 102.564 -5.654
201803 -4.292 102.564 -6.114
201806 -4.506 103.378 -6.369
201809 -4.385 103.378 -6.198
201812 -4.592 103.785 -6.465
201903 -4.648 104.274 -6.513
201906 -4.656 105.983 -6.419
201909 -0.128 105.983 -0.176
201912 -0.111 107.123 -0.151
202003 -0.214 109.076 -0.287
202006 0.017 109.402 0.023
202009 0.005 109.320 0.007
202012 -0.043 109.565 -0.057
202103 0.032 112.658 0.042
202106 0.028 113.960 0.036
202109 -0.039 115.588 -0.049
202112 -0.051 119.088 -0.063
202203 -0.059 125.031 -0.069
202206 -0.233 131.705 -0.258
202209 -0.291 135.531 -0.314
202212 -6.868 139.113 -7.214
202303 -6.931 145.950 -6.939
202306 -6.897 147.009 -6.855
202309 -6.980 146.113 -6.980

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.


VISTAL Gdynia Business Description

Address ul. Hutnicza 40, Gdynia, POL, 81-061
VISTAL Gdynia SA is a leading manufacturer of steel structures for the construction, energy, shipbuilding and offshore industries. Geographically, the company operates in Poland and abroad. The business area of ??activity of the company is prefabrication, assembly, anti-corrosion works, testing of bridge, shipbuilding, wind energy and Offshore facilities.
4GF Score

Get the complete analysis for STU:2VG

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

€0.12
Price