VTSI (VirTra) Cyclically Adjusted PB Ratio: 1.10 (As of Aug. 22, 2026) — 77% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

VTSI VirTra Inc VTSI
70 GF Score
Price $3.12
GF Value $3.64
Valuation Modestly Undervalued
! 4 Warning Signs
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What is VirTra Cyclically Adjusted PB Ratio?

VirTra VTSI +0.97% 70 Cyclically Adjusted PB Ratio is 1.10 as of Aug. 22, 2026, which is 77% below its 10-year median of 4.75. GuruFocus rates VTSI with a GF Score™ of 70/100 and a GF Value™ of $3.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,535 Software companies, VirTra ranks better than 72.25% on this metric.

As of today (2026-08-22), VirTra's current share price is $3.12. VirTra's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $2.84. VirTra's Cyclically Adjusted PB Ratio for today is 1.10.

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

VTSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 4.75   Max: 17.35
Current: 1.1

During the past years, VirTra's highest Cyclically Adjusted PB Ratio was 17.35. The lowest was 1.07. And the median was 4.75.

VTSI's Cyclically Adjusted PB Ratio is ranked better than
72.25% of 1535 companies
in the Software industry
Industry Median: 2.31 vs VTSI: 1.10

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.

VirTra's adjusted book value per share data for the three months ended in Jun. 2026 was $3.896. 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 $2.84 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VirTra  (NAS:VTSI) 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.


VirTra Cyclically Adjusted PB Ratio Related Terms


VirTra Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VirTra'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.

VirTra Cyclically Adjusted PB Ratio Chart

VirTra 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 6.84 3.35 5.29 3.05 1.60

VirTra 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 2.89 2.06 1.60 1.35 1.10

VTSI vs MAPS, VIDA, CREX: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, VirTra'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.


VirTra Cyclically Adjusted PB Ratio vs Software Industry

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

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


VTSI
70GF Score
VirTra Inc VTSI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VirTra 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.12/2.84
=1.10

* 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.

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

For example, VirTra'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)
=3.896/333.9520*333.9520
=3.896

Current CPI (Jun. 2026) = 333.9520.

VirTra Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.858 241.428 1.187
201612 0.809 241.432 1.119
201703 0.866 243.801 1.186
201706 1.268 244.955 1.729
201709 1.257 246.819 1.701
201712 1.314 246.524 1.780
201803 1.303 249.554 1.744
201806 1.567 251.989 2.077
201809 1.575 252.439 2.084
201812 1.356 251.233 1.802
201903 1.294 254.202 1.700
201906 1.206 256.143 1.572
201909 1.325 256.759 1.723
201912 1.315 256.974 1.709
202003 1.263 258.115 1.634
202006 1.185 257.797 1.535
202009 1.294 260.280 1.660
202012 1.500 260.474 1.923
202103 1.584 264.877 1.997
202106 2.750 271.696 3.380
202109 2.884 274.310 3.511
202112 2.890 278.802 3.462
202203 2.945 287.504 3.421
202206 3.036 296.311 3.422
202209 2.961 296.808 3.332
202212 3.083 296.797 3.469
202303 3.364 301.836 3.722
202306 3.472 305.109 3.800
202309 3.620 307.789 3.928
202312 3.905 306.746 4.251
202403 3.959 312.332 4.233
202406 4.087 314.175 4.344
202409 4.105 315.301 4.348
202412 4.015 315.605 4.248
202503 4.173 319.799 4.358
202506 4.204 322.561 4.352
202509 4.151 324.800 4.268
202512 4.033 324.054 4.156
202603 3.919 330.213 3.963
202606 3.896 333.952 3.896

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 1.10 mean?
VirTra (VTSI) has a Cyclically Adjusted PB Ratio of 1.10 as of Aug. 22, 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 VirTra and its competitors. This is 77% below median its historical median of 4.75. Over the past decade, VirTra's Cyclically Adjusted PB Ratio has ranged from 1.07 to 17.35. According to the industry distribution chart, VirTra ranks #426 out of 1535 companies in the Software industry, placing it in the top 27.8%.
Is VirTra's Cyclically Adjusted PB Ratio too high?
VirTra's current Cyclically Adjusted PB Ratio of 1.10 is 77% below median its 10-year median of 4.75. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 17.35. The Software industry median Cyclically Adjusted PB Ratio is 2.31. VirTra's value of 1.10 is 52.4% below this industry median. Based on the distribution chart, VirTra ranks #426 out of 1535 companies in the Software industry, which is above the industry midpoint. Overall, VirTra has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VirTra's Cyclically Adjusted PB Ratio compare to MAPS and VIDA?
According to the Software industry distribution chart, VirTra ranks #426 out of 1535 companies for Cyclically Adjusted PB Ratio. This puts VirTra in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. VirTra's value of 1.10 is 52.4% below this benchmark. Historically, VirTra's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 17.35 over the past decade. While the company's 10-year median is 4.75 vs. the industry median of 2.31, VirTra 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 2.31, based on 1,535 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. VirTra's current Cyclically Adjusted PB Ratio of 1.10 is 52.4% 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 VirTra and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VirTra's current Cyclically Adjusted PB Ratio is 1.10, which is 77% below median its own 10-year median of 4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirTra stock overvalued right now?
Based on GuruFocus' analysis, VirTra (VTSI) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.64, compared to a current price of $3.12 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 77% below median its 10-year median of 4.75 and 52.4% below the Software industry median of 2.31. VirTra's overall GF Score™ is 70/100 with 4 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 VirTra (VTSI), the current Cyclically Adjusted PB Ratio is 1.10 as of Aug. 22, 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 VirTra (VTSI) Overvalued in 2026?

Based on GuruFocus' analysis, VirTra stock appears to be undervalued. The current stock price of $3.12 is trading 14.3% below its estimated GF Value™ of $3.64. GuruFocus considers VirTra to be Modestly Undervalued.

Key valuation signals for VTSI:

  • Cyclically Adjusted PB Ratio: 1.10 (77% below median its 10-year median of 4.75)
  • GF Value™: $3.64 vs. price of $3.12 (14.3% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 52.4% below the Software median (#426 of 1535)

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


VirTra Business Description

Other Exchanges 0XQ:Germany
Address 295 East Corporate Place, Chandler, AZ, USA, 85225
VirTra Inc is a U.S.-based company that is engaged in the sale and development of judgmental use-of-force training simulators and firearms training simulators for law enforcement, military, and commercial uses. It sells simulators and related products across the globe through a direct sales force and international distribution partners. The services provided by the company include installation, training, limited warranties, service agreements, and related support. The company operates in six segments, which include Simulators and Accessories, Extended Service, Customized software and Custom content, Installation and Training, Design and Prototyping, and Subscription Training Equipment Partnership. The majority of its revenue is generated from the Simulators and Accessories segment.
70GF 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.

$3.12
Price
$3.64
GF Value