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Visa (UKEX:V) Cyclically Adjusted Book per Share : ₴318.27 (As of Mar. 2024)


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What is Visa Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Visa's adjusted book value per share for the three months ended in Mar. 2024 was ₴761.731. 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 ₴318.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Visa's average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Visa was 9.40% per year. The lowest was 6.20% per year. And the median was 8.15% per year.

As of today (2024-05-26), Visa's current stock price is ₴5393.00. Visa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴318.27. Visa's Cyclically Adjusted PB Ratio of today is 16.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Visa was 18.56. The lowest was 8.07. And the median was 14.21.


Visa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Visa's Cyclically Adjusted Book per Share 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.

Visa Cyclically Adjusted Book per Share Chart

Visa Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 388.82 456.27 374.91

Visa Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 369.80 357.22 374.91 332.88 318.27

Competitive Comparison of Visa's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Visa'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.


Visa's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Visa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Visa Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Visa'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)
=761.731/131.7762*131.7762
=761.731

Current CPI (Mar. 2024) = 131.7762.

Visa Quarterly Data

Book Value per Share CPI Adj_Book
201406 441.554 100.560 578.626
201409 446.493 100.428 585.865
201412 456.593 99.070 607.331
201503 464.443 99.621 614.353
201506 474.002 100.684 620.379
201509 493.677 100.392 648.012
201512 493.322 99.792 651.433
201603 491.860 100.470 645.120
201606 455.706 101.688 590.543
201609 461.001 101.861 596.391
201612 444.846 101.863 575.482
201703 433.544 102.862 555.411
201706 458.492 103.349 584.604
201709 475.536 104.136 601.757
201712 491.239 104.011 622.372
201803 505.582 105.290 632.767
201806 495.757 106.317 614.475
201809 517.795 106.507 640.646
201812 515.187 105.998 640.479
201903 520.641 107.251 639.700
201906 537.448 108.070 655.345
201909 535.434 108.329 651.323
201912 548.427 108.420 666.570
202003 539.855 108.902 653.251
202006 570.405 108.767 691.070
202009 588.460 109.815 706.143
202012 629.235 109.897 754.510
202103 636.630 111.754 750.688
202106 644.762 114.631 741.196
202109 645.585 115.734 735.069
202112 625.750 117.630 701.006
202203 622.651 121.301 676.421
202206 620.312 125.017 653.851
202209 631.131 125.227 664.141
202212 666.138 125.222 701.005
202303 701.586 127.348 725.983
202306 716.565 128.729 733.529
202309 750.885 129.860 761.968
202312 775.284 129.419 789.402
202403 761.731 131.776 761.731

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Visa  (UKEX:V) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Visa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5393.00/318.27
=16.94

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Visa was 18.56. The lowest was 8.07. And the median was 14.21.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Visa Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Visa's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Visa (UKEX:V) Business Description

Industry
Address
P.O. Box 8999, San Francisco, CA, USA, 94128-8999
Visa is the largest payment processor in the world. In fiscal 2022, it processed over $14 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

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