VSMD (Vasamed) Cyclically Adjusted PB Ratio: (As of Jul. 20, 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.

What is Vasamed Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vasamed  (OTCPK:VSMD) 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.


Vasamed Cyclically Adjusted PB Ratio Related Terms


Vasamed Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vasamed'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.

Vasamed Cyclically Adjusted PB Ratio Chart

Vasamed Annual Data
Trend Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Vasamed Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 0.00 0.00 0.00 0.00 0.00

VSMD vs LENSF, WHSI, ASNB: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Vasamed'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.


Vasamed Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Vasamed's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Vasamed 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.

Vasamed's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2006 is calculated as:

For example, Vasamed's adjusted Book Value per Share data for the three months ended in Sep. 2006 was:

Adj_Book=Book Value per Share/CPI of Sep. 2006 (Change)*Current CPI (Sep. 2006)
=-0.393/202.9000*202.9000
=-0.393

Current CPI (Sep. 2006) = 202.9000.

Vasamed Quarterly Data

Book Value per Share CPI Adj_Book
199612 22.302 158.600 28.531
199703 20.474 160.000 25.964
199706 18.175 160.300 23.005
199709 15.186 161.200 19.114
199712 13.695 161.300 17.227
199803 13.424 162.200 16.792
199806 11.322 163.000 14.093
199809 9.430 163.600 11.695
199812 7.452 163.900 9.225
199903 5.495 165.000 6.757
199906 4.342 166.200 5.301
199909 3.280 167.900 3.964
199912 2.246 168.300 2.708
200003 1.388 171.200 1.645
200006 0.696 172.400 0.819
200009 0.451 173.700 0.527
200012 0.634 174.000 0.739
200103 0.190 176.200 0.219
200106 -0.269 178.000 -0.307
200109 -0.703 178.300 -0.800
200112 -0.107 176.700 -0.123
200203 -0.323 178.800 -0.367
200206 0.143 179.900 0.161
200209 -0.071 181.000 -0.080
200212 -0.107 180.900 -0.120
200303 -0.168 184.200 -0.185
200306 0.707 183.700 0.781
200309 0.502 185.200 0.550
200312 0.325 184.300 0.358
200403 0.015 187.400 0.016
200406 -0.361 189.700 -0.386
200409 -0.754 189.900 -0.806
200412 -1.030 190.300 -1.098
200503 -1.319 193.300 -1.385
200506 0.192 194.500 0.200
200509 0.368 198.800 0.376
200512 0.144 196.800 0.148
200603 0.336 199.800 0.341
200606 -0.023 202.900 -0.023
200609 -0.393 202.900 -0.393

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.


Vasamed Business Description

Address 7615 Golden Triangle Drive, Suite A, Eden Prairie, MN, USA, 55344-3733
Vasamed Inc develops, manufactures and markets low-cost, non-invasive peripheral and cardiovascular diagnostic systems for hemodynamic assessment.