VNV Global AB (LTS:0A89) Cyclically Adjusted PS Ratio: 19.37 (As of Aug. 03, 2026) — 235% Above 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.

LTS:0A89 VNV Global AB LTS:0A89
38 GF Score
Price kr18.40
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What is VNV Global AB Cyclically Adjusted PS Ratio?

VNV Global AB LTS:0A89 +2.34% 38 Cyclically Adjusted PS Ratio is 19.37 as of Aug. 03, 2026, which is 235% above its 10-year median of 5.78. GuruFocus rates LTS:0A89 with a GF Score™ of 38/100. Among 907 Asset Management companies, VNV Global AB ranks worse than 86.44% on this metric.

As of today (2026-08-03), VNV Global AB's current share price is kr18.40. VNV Global AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr0.95. VNV Global AB's Cyclically Adjusted PS Ratio for today is 19.37.

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

LTS:0A89' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.89   Med: 5.78   Max: 18.64
Current: 18.64

During the past years, VNV Global AB's highest Cyclically Adjusted PS Ratio was 18.64. The lowest was 1.89. And the median was 5.78.

LTS:0A89's Cyclically Adjusted PS Ratio is ranked worse than
86.44% of 907 companies
in the Asset Management industry
Industry Median: 7.69 vs LTS:0A89: 18.64

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

VNV Global AB's adjusted revenue per share data for the three months ended in Jun. 2026 was kr0.071. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr0.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VNV Global AB  (LTS:0A89) 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.


VNV Global AB Cyclically Adjusted PS Ratio Related Terms


VNV Global AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VNV Global AB'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.

VNV Global AB Cyclically Adjusted PS Ratio Chart

VNV Global AB 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 8.06 4.14 5.98 4.37 11.56

VNV Global AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 4.76 12.34 11.56 14.80 17.43

LTS:0A89 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, VNV Global AB'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.


VNV Global AB Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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


LTS:0A89
38GF Score
VNV Global AB LTS:0A89
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VNV Global AB 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.40/0.95
=19.37

* 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, VNV Global AB's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.071/134.6100*134.6100
=0.071

Current CPI (Jun. 2026) = 134.6100.

VNV Global AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.394 101.138 8.510
201612 5.876 102.022 7.753
201703 1.852 102.022 2.444
201706 -0.619 102.752 -0.811
201709 0.800 103.279 1.043
201712 13.682 103.793 17.744
201803 2.675 103.962 3.464
201806 -0.825 104.875 -1.059
201809 2.170 105.679 2.764
201812 -3.381 105.912 -4.297
201903 -0.623 105.886 -0.792
201906 13.198 106.742 16.644
201909 -0.415 107.214 -0.521
201912 10.899 107.766 13.614
202003 -5.487 106.563 -6.931
202006 4.626 107.498 5.793
202009 3.940 107.635 4.927
202012 15.178 108.296 18.866
202103 2.605 108.360 3.236
202106 8.335 108.928 10.300
202109 12.135 110.338 14.804
202112 -18.436 112.486 -22.062
202203 -18.007 114.825 -21.110
202206 -28.111 118.384 -31.964
202209 -14.830 122.296 -16.323
202212 -6.750 126.365 -7.190
202303 7.990 127.042 8.466
202306 0.038 129.407 0.040
202309 -1.095 130.224 -1.132
202312 -3.077 131.912 -3.140
202403 0.157 132.205 0.160
202406 -4.995 132.716 -5.066
202409 -2.018 132.304 -2.053
202412 0.710 132.987 0.719
202503 -0.986 132.825 -0.999
202506 2.441 133.699 2.458
202509 -0.324 133.480 -0.327
202512 -2.562 133.390 -2.585
202603 -5.909 133.560 -5.955
202606 0.071 134.610 0.071

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.

What does a Cyclically Adjusted PS Ratio of 19.37 mean?
VNV Global AB (LTS:0A89) has a Cyclically Adjusted PS Ratio of 19.37 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on VNV Global AB and its competitors. This is 235% above median its historical median of 5.78. Over the past decade, VNV Global AB's Cyclically Adjusted PS Ratio has ranged from 1.89 to 18.64. According to the industry distribution chart, VNV Global AB ranks #784 out of 907 companies in the Asset Management industry, placing it in the top 86.4%.
Is VNV Global AB's Cyclically Adjusted PS Ratio too high?
VNV Global AB's current Cyclically Adjusted PS Ratio of 19.37 is 235% above median its 10-year median of 5.78. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 18.64. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.69. VNV Global AB's value of 19.37 is 151.9% above this industry median. Based on the distribution chart, VNV Global AB ranks #784 out of 907 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, VNV Global AB has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does VNV Global AB's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, VNV Global AB ranks #784 out of 907 companies for Cyclically Adjusted PS Ratio. This places VNV Global AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.69. VNV Global AB's value of 19.37 is 151.9% above this benchmark. Historically, VNV Global AB's own Cyclically Adjusted PS Ratio has ranged from 1.89 to 18.64 over the past decade. While the company's 10-year median is 5.78 vs. the industry median of 7.69, VNV Global AB has consistently been above 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 PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.69, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS 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 PS Ratio of 19.37 is 151.9% above 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNV Global AB's current Cyclically Adjusted PS Ratio is 19.37, which is 235% above median its own 10-year median of 5.78. 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 (LTS:0A89) has a current Cyclically Adjusted PS Ratio of 19.37. The current Cyclically Adjusted PS Ratio is 19.37, which is 235% above median its 10-year median of 5.78 and 151.9% above the Asset Management industry median of 7.69. VNV Global AB's overall GF Score™ is 38/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For VNV Global AB (LTS:0A89), the current Cyclically Adjusted PS Ratio is 19.37 as of Aug. 03, 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

Other Exchanges VNV:Sweden82K:Germany
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.
38GF Score

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

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