VQSSF (VIQ Solutions) Cyclically Adjusted PB Ratio: 0.12 (As of Jul. 17, 2026) — 97% Below Median

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.

What is VIQ Solutions Cyclically Adjusted PB Ratio?

VIQ Solutions VQSSF -20.94% Cyclically Adjusted PB Ratio is 0.12 as of Jul. 17, 2026, which is 97% below its 10-year median of 3.73. The stock has 8 warning signs investors should review. Among 1,597 Software companies, VIQ Solutions ranks better than 94.99% on this metric.

As of today (2026-07-17), VIQ Solutions's current share price is $0.05574. VIQ Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.45. VIQ Solutions's Cyclically Adjusted PB Ratio for today is 0.12.

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

VQSSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 3.73   Max: 13.71
Current: 0.14

During the past years, VIQ Solutions's highest Cyclically Adjusted PB Ratio was 13.71. The lowest was 0.10. And the median was 3.73.

VQSSF's Cyclically Adjusted PB Ratio is ranked better than
94.99% of 1597 companies
in the Software industry
Industry Median: 2.3 vs VQSSF: 0.14

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.

VIQ Solutions's adjusted book value per share data for the three months ended in Mar. 2026 was $-0.168. 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 $0.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VIQ Solutions  (OTCPK:VQSSF) 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.


VIQ Solutions Cyclically Adjusted PB Ratio Related Terms


VIQ Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VIQ Solutions'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.

VIQ Solutions Cyclically Adjusted PB Ratio Chart

VIQ Solutions 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 4.46 0.53 0.34 0.28 0.31

VIQ Solutions Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
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 0.28 0.00 0.30 0.31 0.10

VQSSF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, VIQ Solutions'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.


VIQ Solutions Cyclically Adjusted PB Ratio vs Software Industry

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

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



VIQ Solutions 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.

VIQ Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.05574/0.45
=0.12

* 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.

VIQ Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, VIQ Solutions's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.168/132.2623*132.2623
=-0.168

Current CPI (Mar. 2026) = 132.2623.

VIQ Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.214 100.421 0.282
201512 0.246 99.947 0.326
201603 0.238 101.054 0.312
201606 0.230 102.002 0.298
201609 0.206 101.765 0.268
201612 0.392 101.449 0.511
201703 0.423 102.634 0.545
201706 0.447 103.029 0.574
201709 0.560 103.345 0.717
201712 0.840 103.345 1.075
201803 0.831 105.004 1.047
201806 0.753 105.557 0.944
201809 0.692 105.636 0.866
201812 0.311 105.399 0.390
201903 0.278 106.979 0.344
201906 0.113 107.690 0.139
201909 0.330 107.611 0.406
201912 0.204 107.769 0.250
202003 0.458 107.927 0.561
202006 0.425 108.401 0.519
202009 0.415 108.164 0.507
202012 0.839 108.559 1.022
202103 0.830 110.298 0.995
202106 0.629 111.720 0.745
202109 0.852 112.905 0.998
202112 0.739 113.774 0.859
202203 0.690 117.646 0.776
202206 0.518 120.806 0.567
202209 0.518 120.648 0.568
202212 0.451 120.964 0.493
202303 0.418 122.702 0.451
202306 0.291 124.203 0.310
202309 0.212 125.230 0.224
202312 0.151 125.072 0.160
202409 0.074 127.285 0.077
202412 0.005 127.364 0.005
202503 0.000 129.181 0.000
202509 -0.067 130.287 -0.068
202512 -0.164 130.366 -0.166
202603 -0.168 132.262 -0.168

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 0.12 mean?
VIQ Solutions (VQSSF) has a Cyclically Adjusted PB Ratio of 0.12 as of Jul. 17, 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 VIQ Solutions and its competitors. This is 97% below median its historical median of 3.73. Over the past decade, VIQ Solutions' Cyclically Adjusted PB Ratio has ranged from 0.10 to 13.71. According to the industry distribution chart, VIQ Solutions ranks #80 out of 1597 companies in the Software industry, placing it in the top 5%.
Is VIQ Solutions' Cyclically Adjusted PB Ratio too high?
VIQ Solutions' current Cyclically Adjusted PB Ratio of 0.12 is 97% below median its 10-year median of 3.73. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 13.71. The Software industry median Cyclically Adjusted PB Ratio is 2.30. VIQ Solutions' value of 0.12 is 94.8% below this industry median. Based on the distribution chart, VIQ Solutions ranks #80 out of 1597 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does VIQ Solutions' Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, VIQ Solutions ranks #80 out of 1597 companies for Cyclically Adjusted PB Ratio. This places VIQ Solutions in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.30. VIQ Solutions' value of 0.12 is 94.8% below this benchmark. Historically, VIQ Solutions' own Cyclically Adjusted PB Ratio has ranged from 0.10 to 13.71 over the past decade. While the company's 10-year median is 3.73 vs. the industry median of 2.30, VIQ Solutions has consistently been below 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.30, based on 1,597 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. VIQ Solutions's current Cyclically Adjusted PB Ratio of 0.12 is 94.8% below 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 VIQ Solutions and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIQ Solutions's current Cyclically Adjusted PB Ratio is 0.12, which is 97% below median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIQ Solutions stock overvalued right now?
Based on GuruFocus' analysis, VIQ Solutions (VQSSF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.08, compared to a current price of $0.06 — trading 30.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.12, which is 97% below median its 10-year median of 3.73 and 94.8% below the Software industry median of 2.30. 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 VIQ Solutions (VQSSF), the current Cyclically Adjusted PB Ratio is 0.12 as of Jul. 17, 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.

VIQ Solutions Business Description

Other Exchanges VQS:Canada
Address 35 West Pearce Street, Unit 12 & 13, Richmond Hill, ON, CAN, L4B 3A9
VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management. The reportable segments of the company are technology and related revenue, which develop, distribute, and license computer-based digital solutions, and the technology services, which provide recording and transcription services. It derives the majority of its revenue from Australia and also has its presence in the United States, the United Kingdom, Canada, and other countries. The firm generates the majority of its revenue from providing Technology services.