GURUFOCUS.COM » STOCK LIST » Technology » Software » VeriSign Inc (STU:VRS) » Definitions » Cyclically Adjusted PB Ratio

VeriSign (STU:VRS) Cyclically Adjusted PB Ratio : (As of May. 23, 2024)


View and export this data going back to . Start your Free Trial

What is VeriSign Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VeriSign Cyclically Adjusted PB Ratio Historical Data

The historical data trend for VeriSign'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.

VeriSign Cyclically Adjusted PB Ratio Chart

VeriSign Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

VeriSign Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of VeriSign's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, VeriSign'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.


VeriSign's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



VeriSign 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.

VeriSign's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, VeriSign's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-15.033/131.7762*131.7762
=-15.033

Current CPI (Mar. 2024) = 131.7762.

VeriSign Quarterly Data

Book Value per Share CPI Adj_Book
201406 -3.697 100.560 -4.845
201409 -4.762 100.428 -6.248
201412 -6.049 99.070 -8.046
201503 -7.523 99.621 -9.951
201506 -7.769 100.684 -10.168
201509 -8.213 100.392 -10.781
201512 -8.928 99.792 -11.789
201603 -9.139 100.470 -11.987
201606 -9.361 101.688 -12.131
201609 -9.913 101.861 -12.824
201612 -11.040 101.863 -14.282
201703 -10.904 102.862 -13.969
201706 -10.686 103.349 -13.625
201709 -10.438 104.136 -13.209
201712 -10.912 104.011 -13.825
201803 -10.323 105.290 -12.920
201806 -9.675 106.317 -11.992
201809 -9.911 106.507 -12.262
201812 -10.145 105.998 -12.612
201903 -10.423 107.251 -12.806
201906 -10.639 108.070 -12.973
201909 -11.200 108.329 -13.624
201912 -11.490 108.420 -13.965
202003 -11.022 108.902 -13.337
202006 -10.812 108.767 -13.099
202009 -10.300 109.815 -12.360
202012 -10.071 109.897 -12.076
202103 -10.457 111.754 -12.330
202106 -10.507 114.631 -12.078
202109 -10.828 115.734 -12.329
202112 -10.094 117.630 -11.308
202203 -10.627 121.301 -11.545
202206 -12.768 125.017 -13.458
202209 -14.655 125.227 -15.421
202212 -14.005 125.222 -14.738
202303 -14.272 127.348 -14.768
202306 -14.442 128.729 -14.784
202309 -14.946 129.860 -15.167
202312 -14.312 129.419 -14.573
202403 -15.033 131.776 -15.033

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.


VeriSign  (STU:VRS) 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.


VeriSign Cyclically Adjusted PB Ratio Related Terms

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


VeriSign (STU:VRS) Business Description

Industry
Address
12061 Bluemont Way, Reston, VA, USA, 20190
Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical internet infrastructure to support the domain name system, including operating two of the world's 13 root servers that are used to route internet traffic. In 2018, the firm sold off its Security Services business, signalling a renewed focus on the core registry business.