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VeriSign (BUE:VRSN) Cyclically Adjusted PB Ratio : (As of Jun. 06, 2024)


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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.

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VeriSign Cyclically Adjusted PB Ratio Chart

VeriSign Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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VeriSign Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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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)
=-13767.006/131.7762*131.7762
=-13,767.006

Current CPI (Mar. 2024) = 131.7762.

VeriSign Quarterly Data

Book Value per Share CPI Adj_Book
201406 -40.811 100.560 -53.480
201409 -51.659 100.428 -67.784
201412 -63.777 99.070 -84.832
201503 -71.803 99.621 -94.979
201506 -79.234 100.684 -103.702
201509 -86.670 100.392 -113.765
201512 -125.870 99.792 -166.212
201603 -148.620 100.470 -194.929
201606 -147.040 101.688 -190.547
201609 -165.957 101.861 -214.696
201612 -184.618 101.863 -238.834
201703 -179.802 102.862 -230.343
201706 -197.961 103.349 -252.412
201709 -218.003 104.136 -275.867
201712 -246.589 104.011 -312.414
201803 -256.468 105.290 -320.985
201806 -281.874 106.317 -349.374
201809 -425.553 106.507 -526.519
201812 -435.193 105.998 -541.030
201903 -460.383 107.251 -565.662
201906 -537.125 108.070 -654.952
201909 -689.860 108.329 -839.173
201912 -763.129 108.420 -927.524
202003 -755.937 108.902 -914.721
202006 -833.539 108.767 -1,009.868
202009 -900.694 109.815 -1,080.819
202012 -997.042 109.897 -1,195.544
202103 -1,121.355 111.754 -1,322.256
202106 -1,199.157 114.631 -1,378.508
202109 -1,245.570 115.734 -1,418.218
202112 -1,151.819 117.630 -1,290.342
202203 -1,256.683 121.301 -1,365.206
202206 -1,624.120 125.017 -1,711.933
202209 -2,016.147 125.227 -2,121.597
202212 -2,487.206 125.222 -2,617.392
202303 -3,018.746 127.348 -3,123.720
202306 -3,755.280 128.729 -3,844.182
202309 -5,582.113 129.860 -5,664.504
202312 -5,634.166 129.419 -5,736.767
202403 -13,767.006 131.776 -13,767.006

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  (BUE:VRSN) 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 (BUE:VRSN) Business Description

Industry
Traded in Other Exchanges
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.

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