VP Bank AG (CHIX:VPBNZ) Cyclically Adjusted PS Ratio: (As of Sep. 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.

CHIX:VPBNZ VP Bank AG CHIX:VPBNZ
60 GF Score
Price CHF97.70
GF Value CHF80.11
Valuation Modestly Overvalued
! 5 Warning Signs
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What is VP Bank AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VP Bank AG  (CHIX:VPBNz) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


VP Bank AG Cyclically Adjusted PS Ratio Related Terms


VP Bank AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VP Bank AG's Cyclically Adjusted PS 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.

VP Bank AG Cyclically Adjusted PS Ratio Chart

VP Bank AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 1.30 1.27 1.11 1.20

VP Bank AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PS 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 1.08 1.10 1.14 1.20 1.23

CHIX:VPBNZ vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, VP Bank AG's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


VP Bank AG Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, VP Bank AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where VP Bank AG's Cyclically Adjusted PS Ratio falls into.


CHIX:VPBNZ
60GF Score
VP Bank AG CHIX:VPBNZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VP Bank AG Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

VP Bank AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, VP Bank AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=56.932/324.0540*324.0540
=56.932

Current CPI (Dec25) = 324.0540.

VP Bank AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 54.233 241.432 72.792
201712 59.033 246.524 77.598
201812 55.811 251.233 71.988
201912 63.007 256.974 79.454
202012 60.292 260.474 75.009
202112 62.338 278.802 72.456
202212 62.394 296.797 68.124
202312 66.337 306.746 70.080
202412 56.275 315.605 57.782
202512 56.932 324.054 56.932

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is VP Bank AG (CHIX:VPBNZ) Overvalued in 2026?

Based on GuruFocus' analysis, VP Bank AG stock appears to be overvalued. The current stock price of CHF97.70 is trading 22% above its estimated GF Value™ of CHF80.11. GuruFocus considers VP Bank AG to be Modestly Overvalued.

Key valuation signals for CHIX:VPBNZ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: CHF80.11 vs. price of CHF97.70 (22% above fair value)
  • GF Score™: 60/100 with 5 warning signs

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


VP Bank AG Business Description

Address Aeulestrasse 6, Vaduz, LIE, 9490
VP Bank AG is a private bank. It is in the business of asset management and investment advisory services for private individuals and intermediaries and is also involved in the lending business, money market, and interbank activities and trading activities. The segments in which the company operates are Liechtenstein & BVI, International, Asset Servicing, and Corporate Center. Its geographical segments are Liechtenstein, the Rest of Europe, and Other countries, of which Liechtenstein derives maximum revenue.
60GF Score

Get the complete analysis for CHIX:VPBNZ

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

CHF97.70
Price
CHF80.11
GF Value