VSTKF (VNV Global AB) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 09, 2026) — 22% Below Median


VSTKF VNV Global AB VSTKF
35 GF Score
Price $1.99
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What is VNV Global AB Cyclically Adjusted PB Ratio?

VNV Global AB VSTKF 35 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 09, 2026, which is 22% below its 10-year median of 0.27. GuruFocus rates VSTKF with a GF Score™ of 35/100. Among 1,006 Asset Management companies, VNV Global AB ranks better than 93.14% on this metric.

As of today (2026-07-09), VNV Global AB's current share price is $1.985. VNV Global AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $9.48. VNV Global AB's Cyclically Adjusted PB Ratio for today is 0.21.

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

VSTKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.27   Max: 1.93
Current: 0.19

During the past years, VNV Global AB's highest Cyclically Adjusted PB Ratio was 1.93. The lowest was 0.15. And the median was 0.27.

VSTKF's Cyclically Adjusted PB Ratio is ranked better than
93.14% of 1006 companies
in the Asset Management industry
Industry Median: 0.85 vs VSTKF: 0.19

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.

VNV Global AB's adjusted book value per share data for the three months ended in Mar. 2026 was $3.607. 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 $9.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VNV Global AB  (OTCPK:VSTKF) 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.


VNV Global AB Cyclically Adjusted PB Ratio Related Terms


VNV Global AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VNV Global AB'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.

VNV Global AB Cyclically Adjusted PB Ratio Chart

VNV Global AB 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 1.45 0.31 0.23 0.20 0.25

VNV Global AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.19 0.19 0.29 0.25 0.21

VSTKF vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, VNV Global AB'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.


VNV Global AB Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, VNV Global AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


VSTKF
35GF Score
VNV Global AB VSTKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VNV Global AB 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.

VNV Global AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.985/9.48
=0.21

* 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.

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

For example, VNV Global AB'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)
=3.607/133.5600*133.5600
=3.607

Current CPI (Mar. 2026) = 133.5600.

VNV Global AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.166 101.019 9.474
201609 7.874 101.138 10.398
201612 8.467 102.022 11.084
201703 8.673 102.022 11.354
201706 8.576 102.752 11.147
201709 8.684 103.279 11.230
201712 10.404 103.793 13.388
201803 10.718 103.962 13.769
201806 10.554 104.875 13.441
201809 10.787 105.679 13.633
201812 10.368 105.912 13.075
201903 7.572 105.886 9.551
201906 8.919 106.742 11.160
201909 8.820 107.214 10.987
201912 9.942 107.766 12.322
202003 9.360 106.563 11.731
202006 9.286 107.498 11.537
202009 9.422 107.635 11.691
202012 11.365 108.296 14.016
202103 11.628 108.360 14.332
202106 12.466 108.928 15.285
202109 13.856 110.338 16.772
202112 12.037 112.486 14.292
202203 10.145 114.825 11.800
202206 7.356 118.384 8.299
202209 5.982 122.296 6.533
202212 5.314 126.365 5.617
202303 6.024 127.042 6.333
202306 5.539 129.407 5.717
202309 5.422 130.224 5.561
202312 5.087 131.912 5.151
202403 5.091 132.205 5.143
202406 4.581 132.716 4.610
202409 4.386 132.304 4.428
202412 4.439 132.987 4.458
202503 4.327 132.825 4.351
202506 4.568 133.699 4.563
202509 4.520 133.480 4.523
202512 4.251 133.390 4.256
202603 3.607 133.560 3.607

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 0.21 mean?
VNV Global AB (VSTKF) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 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 VNV Global AB and its competitors. This is 22% below median its historical median of 0.27. Over the past decade, VNV Global AB's Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.93. According to the industry distribution chart, VNV Global AB ranks #69 out of 1006 companies in the Asset Management industry, placing it in the top 6.9%.
Is VNV Global AB's Cyclically Adjusted PB Ratio too high?
VNV Global AB's current Cyclically Adjusted PB Ratio of 0.21 is 22% below median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.93. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. VNV Global AB's value of 0.21 is 75.3% below this industry median. Based on the distribution chart, VNV Global AB ranks #69 out of 1006 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, VNV Global AB has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does VNV Global AB's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, VNV Global AB ranks #69 out of 1006 companies for Cyclically Adjusted PB Ratio. This places VNV Global AB in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.85. VNV Global AB's value of 0.21 is 75.3% below this benchmark. Historically, VNV Global AB's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.93 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.85, VNV Global AB 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 1,006 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. VNV Global AB's current Cyclically Adjusted PB Ratio of 0.21 is 75.3% 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 VNV Global AB and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNV Global AB's current Cyclically Adjusted PB Ratio is 0.21, which is 22% below median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNV Global AB stock overvalued right now?
VNV Global AB (VSTKF) has a current Cyclically Adjusted PB Ratio of 0.21. The current Cyclically Adjusted PB Ratio is 0.21, which is 22% below median its 10-year median of 0.27 and 75.3% below the Asset Management industry median of 0.85. VNV Global AB's overall GF Score™ is 35/100. 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 VNV Global AB (VSTKF), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 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.

VNV Global AB Business Description

Address Master Samuelsgatan 1, 1st Floor, Stockholm, SWE, SE 111 44
VNV Global AB is an investment company that invests in unlisted companies in both developed and emerging markets. Its focus is on long-term investments with the potential for value appreciation, particularly in businesses with network effects. Its investment portfolio mainly comprises holdings in digital health, mobility, marketplace, and other sectors. Majority company invest in mobility.
35GF Score

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

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