Vocento (XMAD:VOC) Cyclically Adjusted PB Ratio: 0.43 (As of Jul. 14, 2026) — 16% Above Median

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XMAD:VOC Vocento SA XMAD:VOC
42 GF Score
Price €0.80
GF Value €0.68
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Vocento Cyclically Adjusted PB Ratio?

Vocento XMAD:VOC -2.44% 42 Cyclically Adjusted PB Ratio is 0.43 as of Jul. 14, 2026, which is 16% above its 10-year median of 0.37. GuruFocus rates XMAD:VOC with a GF Score™ of 42/100 and a GF Value™ of €0.68 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 722 Media - Diversified companies, Vocento ranks better than 76.32% on this metric.

As of today (2026-07-14), Vocento's current share price is €0.80. Vocento's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.87. Vocento's Cyclically Adjusted PB Ratio for today is 0.43.

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

XMAD:VOC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.37   Max: 0.55
Current: 0.44

During the past years, Vocento's highest Cyclically Adjusted PB Ratio was 0.55. The lowest was 0.01. And the median was 0.37.

XMAD:VOC's Cyclically Adjusted PB Ratio is ranked better than
76.32% of 722 companies
in the Media - Diversified industry
Industry Median: 0.99 vs XMAD:VOC: 0.44

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.

Vocento's adjusted book value per share data for the three months ended in Mar. 2026 was €0.806. 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 €1.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vocento  (XMAD:VOC) 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.


Vocento Cyclically Adjusted PB Ratio Related Terms


Vocento Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vocento'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.

Vocento Cyclically Adjusted PB Ratio Chart

Vocento 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 0.41 0.28 0.25 0.29 0.36

Vocento 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 0.34 0.32 0.32 0.36 0.40

XMAD:VOC vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Vocento'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.


Vocento Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Vocento's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XMAD:VOC
42GF Score
Vocento SA XMAD:VOC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vocento 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.80/1.87
=0.43

* 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.

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

For example, Vocento'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)
=0.806/129.8600*129.8600
=0.806

Current CPI (Mar. 2026) = 129.8600.

Vocento Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.593 100.333 3.356
201609 2.123 99.737 2.764
201612 1.684 101.842 2.147
201703 1.599 100.896 2.058
201706 1.661 101.848 2.118
201709 1.642 101.524 2.100
201712 1.644 102.975 2.073
201803 1.573 102.122 2.000
201806 1.650 104.165 2.057
201809 1.637 103.818 2.048
201812 1.751 104.193 2.182
201903 1.716 103.488 2.153
201906 1.708 104.612 2.120
201909 1.691 103.905 2.113
201912 1.774 105.015 2.194
202003 1.723 103.469 2.162
202006 1.679 104.254 2.091
202009 1.657 103.521 2.079
202012 1.592 104.456 1.979
202103 1.550 104.857 1.920
202106 1.637 107.102 1.985
202109 1.616 107.669 1.949
202112 1.698 111.298 1.981
202203 1.728 115.153 1.949
202206 1.687 118.044 1.856
202209 1.633 117.221 1.809
202212 1.750 117.650 1.932
202303 1.673 118.948 1.826
202306 1.613 120.278 1.741
202309 1.574 121.343 1.684
202312 1.731 121.300 1.853
202403 1.625 122.762 1.719
202406 1.582 124.409 1.651
202409 1.469 123.121 1.549
202412 0.884 124.753 0.920
202503 0.960 125.531 0.993
202506 0.937 127.251 0.956
202509 0.864 126.840 0.885
202512 0.888 128.400 0.898
202603 0.806 129.860 0.806

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 0.43 mean?
Vocento (XMAD:VOC) has a Cyclically Adjusted PB Ratio of 0.43 as of Jul. 14, 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 Vocento and its competitors. This is 16% above median its historical median of 0.37. Over the past decade, Vocento's Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.55. According to the industry distribution chart, Vocento ranks #171 out of 722 companies in the Media - Diversified industry, placing it in the top 23.7%.
Is Vocento's Cyclically Adjusted PB Ratio too high?
Vocento's current Cyclically Adjusted PB Ratio of 0.43 is 16% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.55. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Vocento's value of 0.43 is 56.6% below this industry median. Based on the distribution chart, Vocento ranks #171 out of 722 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Vocento has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vocento's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Vocento ranks #171 out of 722 companies for Cyclically Adjusted PB Ratio. This places Vocento in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.99. Vocento's value of 0.43 is 56.6% below this benchmark. Historically, Vocento's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.55 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.99, Vocento 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 722 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. Vocento's current Cyclically Adjusted PB Ratio of 0.43 is 56.6% 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 Vocento and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vocento's current Cyclically Adjusted PB Ratio is 0.43, which is 16% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vocento stock overvalued right now?
Based on GuruFocus' analysis, Vocento (XMAD:VOC) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.68, compared to a current price of €0.80 — trading 17.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.43, which is 16% above median its 10-year median of 0.37 and 56.6% below the Media - Diversified industry median of 0.99. Vocento's overall GF Score™ is 42/100 with 1 warning sign 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 Vocento (XMAD:VOC), the current Cyclically Adjusted PB Ratio is 0.43 as of Jul. 14, 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 Vocento (XMAD:VOC) Overvalued in 2026?

Based on GuruFocus' analysis, Vocento stock appears to be overvalued. The current stock price of €0.80 is trading 17.6% above its estimated GF Value™ of €0.68. GuruFocus considers Vocento to be Modestly Overvalued.

Key valuation signals for XMAD:VOC:

  • Cyclically Adjusted PB Ratio: 0.43 (16% above median its 10-year median of 0.37)
  • GF Value™: €0.68 vs. price of €0.80 (17.6% above fair value)
  • GF Score™: 42/100 with 1 warning sign
  • Industry Position: 56.6% below the Media - Diversified median (#171 of 722)

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


Vocento Business Description

Other Exchanges 0KDD:UKVON:Germany
Address Gran Via Don Diego Lopez de Haro, 45, 3rd Floor, Bilbao, ESP, 48011
Vocento SA is a multimedia communication company. It provides distribution of press and other products, the sale of advertising space, newspaper printing and technical counseling on audiovisual productions. In addition, the group is also involved in the operation of various portal such as pisos.com, a real estate classified portal; infoempleo.com, an employment classified portal; and autocasion.com, a used vehicles classified portal. Geographically, all the business activities are functioned through the region of Spain.
42GF Score

Get the complete analysis for XMAD:VOC

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

€0.80
Price
€0.68
GF Value