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Venda SE (WAR:AER) Cyclically Adjusted PB Ratio : 0.22 (As of May. 22, 2024)


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What is Venda SE Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Venda SE's current share price is zł0.099. Venda SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 was zł0.46. Venda SE's Cyclically Adjusted PB Ratio for today is 0.22.

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

WAR:AER's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.8
* 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.

Venda SE's adjusted book value per share data for the three months ended in Mar. 2023 was zł-0.129. 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 zł0.46 for the trailing ten years ended in Mar. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Venda SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Venda SE'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.

Venda SE Cyclically Adjusted PB Ratio Chart

Venda SE Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.65 0.30

Venda SE Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.66 0.30 0.30 0.30 0.29

Competitive Comparison of Venda SE's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Venda SE'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.


Venda SE's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Venda SE 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.

Venda SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.099/0.46
=0.22

* 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.

Venda SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, Venda SE's adjusted Book Value per Share data for the three months ended in Mar. 2023 was:

Adj_Book=Book Value per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-0.129/145.9503*145.9503
=-0.129

Current CPI (Mar. 2023) = 145.9503.

Venda SE Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.277 100.855 0.401
201309 0.676 100.936 0.977
201312 0.210 101.018 0.303
201403 0.919 101.262 1.325
201406 0.917 101.180 1.323
201409 0.911 100.611 1.322
201412 0.596 100.122 0.869
201503 0.461 100.041 0.673
201506 0.454 100.448 0.660
201509 0.404 99.634 0.592
201512 0.347 99.471 0.509
201603 0.836 98.983 1.233
201606 1.212 99.552 1.777
201609 1.292 99.064 1.903
201612 0.336 100.366 0.489
201703 0.604 101.018 0.873
201706 0.901 101.180 1.300
201709 0.840 101.343 1.210
201712 0.374 102.564 0.532
201803 0.219 102.564 0.312
201806 0.273 103.378 0.385
201809 0.247 103.378 0.349
201812 0.117 103.785 0.165
201903 0.137 104.274 0.192
201906 0.073 105.983 0.101
201909 0.017 105.983 0.023
201912 -0.034 107.123 -0.046
202003 -0.119 109.076 -0.159
202006 -0.154 109.402 -0.205
202009 -0.193 109.320 -0.258
202012 -0.122 109.565 -0.163
202103 0.060 112.658 0.078
202106 0.035 113.960 0.045
202109 0.007 115.588 0.009
202112 -0.117 119.088 -0.143
202203 -0.016 125.031 -0.019
202206 0.005 131.705 0.006
202209 -0.095 135.531 -0.102
202212 -0.167 139.113 -0.175
202303 -0.129 145.950 -0.129

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.


Venda SE  (WAR:AER) 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.


Venda SE Cyclically Adjusted PB Ratio Related Terms

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


Venda SE (WAR:AER) Business Description

Traded in Other Exchanges
N/A
Address
Wolczanska Street 125, Lodz, POL, 90-521
Venda SE is an investment fund company supporting the development of entrepreneurship, providing strategic consultancy services dedicated to entrepreneurs and running projects related to the restructuring of enterprises.