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SVVC (Firsthand Technology Value Fund) Cyclically Adjusted PB Ratio : 0.00 (As of May. 29, 2025)


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What is Firsthand Technology Value Fund Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Firsthand Technology Value Fund's current share price is $0.05873. Firsthand Technology Value Fund's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $18.36. Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio for today is 0.00.

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

During the past years, Firsthand Technology Value Fund's highest Cyclically Adjusted PB Ratio was 0.23. The lowest was 0.01. And the median was 0.05.

SVVC's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.79
* 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.

Firsthand Technology Value Fund's adjusted book value per share data for the three months ended in Mar. 2025 was $0.121. 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 $18.36 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Firsthand Technology Value Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Firsthand Technology Value Fund'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.

* Premium members only.

Firsthand Technology Value Fund Cyclically Adjusted PB Ratio Chart

Firsthand Technology Value Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.16 0.04 0.01 -

Firsthand Technology Value Fund Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.01 - - - -

Competitive Comparison of Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Firsthand Technology Value Fund'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.


Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio falls into.


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Firsthand Technology Value Fund 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.

Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.05873/18.36
=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.

Firsthand Technology Value Fund's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Firsthand Technology Value Fund's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.121/134.9266*134.9266
=0.121

Current CPI (Mar. 2025) = 134.9266.

Firsthand Technology Value Fund Quarterly Data

Book Value per Share CPI Adj_Book
201506 24.536 100.684 32.881
201509 23.017 100.392 30.935
201512 22.794 99.792 30.819
201603 21.753 100.470 29.213
201606 21.884 101.688 29.037
201609 20.869 101.861 27.643
201612 20.039 101.863 26.544
201703 20.027 102.862 26.270
201706 18.806 103.349 24.552
201709 18.744 104.136 24.286
201712 23.828 104.011 30.910
201803 24.591 105.290 31.513
201806 25.479 106.317 32.335
201809 29.183 106.507 36.970
201812 26.691 105.998 33.975
201903 26.296 107.251 33.082
201906 21.927 108.070 27.376
201909 21.155 108.329 26.349
201912 17.703 108.420 22.031
202003 11.583 108.902 14.351
202006 14.698 108.767 18.233
202009 13.812 109.815 16.970
202012 14.818 109.897 18.193
202103 16.310 111.754 19.692
202106 15.573 114.631 18.330
202109 14.329 115.734 16.705
202112 13.747 117.630 15.768
202203 12.680 121.301 14.104
202206 7.224 125.017 7.797
202209 5.576 125.227 6.008
202212 4.441 125.222 4.785
202303 3.753 127.348 3.976
202306 1.610 128.729 1.688
202309 0.099 129.860 0.103
202312 0.183 129.419 0.191
202403 0.024 131.776 0.025
202406 0.148 132.554 0.151
202409 0.224 133.029 0.227
202412 0.154 133.157 0.156
202503 0.121 134.927 0.121

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.


Firsthand Technology Value Fund  (OTCPK:SVVC) 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.


Firsthand Technology Value Fund Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Firsthand Technology Value Fund's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Firsthand Technology Value Fund Business Description

Traded in Other Exchanges
N/A
Address
150 Almaden Boulevard, Suite 1250, San Jose, CA, USA, 95113
Firsthand Technology Value Fund Inc is an externally managed, non-diversified, closed-end management investment company. The Fund's investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. Its portfolio is predominantly composed of equity and equity derivative securities of illiquid private technology and cleantech companies but it may also invest in micro-cap publicly traded companies with market capitalizations of less than 250 million dollars.
Executives
Star Equity Fund, Lp 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jeffrey E. Eberwein 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc. 10 percent owner 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Kevin M Landis director, officer: President 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Greg Burglin director 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Mark F Fitzgerald director PO BOX 1168, GENOA NV 89411-1168
Kimun Lee director 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Omar Billawala officer: CFO 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Nicholas P Petredis director 150 ALMADEN BLVD., SUITE 1250, SAN JOSE CA 95113
Steady Gain Partners Lp 10 percent owner 2000 ROYAL COURT, UNIT 2315, NORTH HILLS NY 11040
Full Value Offshore Fund, Ltd. 10 percent owner C.O MAPLES CORPORATE SERVICES LIMITED, P.O. BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104

Firsthand Technology Value Fund Headlines

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