VSE (STU:VS3) Cyclically Adjusted PB Ratio: 4.99 (As of Aug. 09, 2026) — 159% Above Median

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STU:VS3 VSE Corp STU:VS3
82 GF Score
Price €189.00
GF Value €134.44
Valuation Significantly Overvalued
! 6 Warning Signs
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What is VSE Cyclically Adjusted PB Ratio?

VSE STU:VS3 +2.72% 82 Cyclically Adjusted PB Ratio is 4.99 as of Aug. 09, 2026, which is 159% above its 10-year median of 1.93. GuruFocus rates STU:VS3 with a GF Score™ of 82/100 and a GF Value™ of €134.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 210 Aerospace & Defense companies, VSE ranks worse than 62.86% on this metric.

As of today (2026-08-09), VSE's current share price is €189.00. VSE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €37.90. VSE's Cyclically Adjusted PB Ratio for today is 4.99.

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

STU:VS3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.93   Max: 5.79
Current: 4.99

During the past years, VSE's highest Cyclically Adjusted PB Ratio was 5.79. The lowest was 0.68. And the median was 1.93.

STU:VS3's Cyclically Adjusted PB Ratio is ranked worse than
62.86% of 210 companies
in the Aerospace & Defense industry
Industry Median: 3.48 vs STU:VS3: 4.99

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.

VSE's adjusted book value per share data for the three months ended in Jun. 2026 was €81.129. 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 €37.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VSE  (STU:VS3) 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.


VSE Cyclically Adjusted PB Ratio Related Terms


VSE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VSE'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.

VSE Cyclically Adjusted PB Ratio Chart

VSE 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 2.22 1.53 1.94 2.64 4.39

VSE 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 3.46 4.30 4.39 4.42 5.22

STU:VS3 vs AIR, MRCY, KRMN: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, VSE'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.


VSE Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, VSE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:VS3
82GF Score
VSE Corp STU:VS3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VSE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=189.00/37.90
=4.99

* 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.

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

For example, VSE'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)
=81.129/333.9520*333.9520
=81.129

Current CPI (Jun. 2026) = 333.9520.

VSE Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.539 241.428 28.410
201612 22.402 241.432 30.987
201703 22.733 243.801 31.139
201706 22.216 244.955 30.288
201709 21.458 246.819 29.033
201712 22.849 246.524 30.952
201803 22.607 249.554 30.253
201806 24.491 251.989 32.457
201809 25.243 252.439 33.394
201812 26.517 251.233 35.248
201903 27.280 254.202 35.838
201906 27.941 256.143 36.429
201909 29.455 256.759 38.310
201912 29.790 256.974 38.714
202003 30.066 258.115 38.900
202006 27.578 257.797 35.725
202009 26.944 260.280 34.570
202012 26.494 260.474 33.968
202103 27.420 264.877 34.571
202106 26.231 271.696 32.242
202109 27.501 274.310 33.480
202112 29.020 278.802 34.760
202203 30.136 287.504 35.005
202206 31.889 296.311 35.940
202209 35.147 296.808 39.545
202212 33.109 296.797 37.254
202303 33.147 301.836 36.674
202306 33.572 305.109 36.746
202309 36.268 307.789 39.351
202312 35.891 306.746 39.074
202403 35.602 312.332 38.066
202406 39.405 314.175 41.886
202409 38.516 315.301 40.794
202412 45.834 315.605 48.498
202503 43.665 319.799 45.597
202506 41.074 322.561 42.524
202509 40.501 324.800 41.642
202512 52.515 324.054 54.119
202603 82.203 330.213 83.134
202606 81.129 333.952 81.129

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 4.99 mean?
VSE (STU:VS3) has a Cyclically Adjusted PB Ratio of 4.99 as of Aug. 09, 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 VSE and its competitors. This is 159% above median its historical median of 1.93. Over the past decade, VSE's Cyclically Adjusted PB Ratio has ranged from 0.68 to 5.79. According to the industry distribution chart, VSE ranks #132 out of 210 companies in the Aerospace & Defense industry, placing it in the top 62.9%.
Is VSE's Cyclically Adjusted PB Ratio too high?
VSE's current Cyclically Adjusted PB Ratio of 4.99 is 159% above median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 5.79. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.48. VSE's value of 4.99 is 43.4% above this industry median. Based on the distribution chart, VSE ranks #132 out of 210 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, VSE has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VSE's Cyclically Adjusted PB Ratio compare to AIR and MRCY?
According to the Aerospace & Defense industry distribution chart, VSE ranks #132 out of 210 companies for Cyclically Adjusted PB Ratio. This places VSE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.48. VSE's value of 4.99 is 43.4% above this benchmark. Historically, VSE's own Cyclically Adjusted PB Ratio has ranged from 0.68 to 5.79 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 3.48, VSE has consistently been above 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 an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.48, based on 210 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. VSE's current Cyclically Adjusted PB Ratio of 4.99 is 43.4% above 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 VSE and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VSE's current Cyclically Adjusted PB Ratio is 4.99, which is 159% above median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VSE stock overvalued right now?
Based on GuruFocus' analysis, VSE (STU:VS3) is currently considered Significantly Overvalued. The stock's GF Value™ is €134.44, compared to a current price of €189.00 — trading 40.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.99, which is 159% above median its 10-year median of 1.93 and 43.4% above the Aerospace & Defense industry median of 3.48. VSE's overall GF Score™ is 82/100 with 6 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 VSE (STU:VS3), the current Cyclically Adjusted PB Ratio is 4.99 as of Aug. 09, 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 VSE (STU:VS3) Overvalued in 2026?

Based on GuruFocus' analysis, VSE stock appears to be overvalued. The current stock price of €189.00 is trading 40.6% above its estimated GF Value™ of €134.44. GuruFocus considers VSE to be Significantly Overvalued.

Key valuation signals for STU:VS3:

  • Cyclically Adjusted PB Ratio: 4.99 (159% above median its 10-year median of 1.93)
  • GF Value™: €134.44 vs. price of €189.00 (40.6% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 43.4% above the Aerospace & Defense median (#132 of 210)

No single metric tells the full story. See the STU:VS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VSE Business Description

Other Exchanges VSECU:USAVSEC:USA
Address 3361 Enterprise Way, Miramar, FL, USA, 33025
VSE Corp is a diversified aftermarket products and services company serving commercial and government markets. The Company's operations include aircraft and airframe parts supply and distribution, and MRO services of aircraft components and engine accessories. The Company operates as a single reportable segment: Aviation, which is a provider of aftermarket parts distribution and MRO services for components and engine accessories supporting commercial, business, and general aviation operators.
82GF Score

Get the complete analysis for STU:VS3

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

€189.00
Price
€134.44
GF Value