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Minim (MINM) Cyclically Adjusted Book per Share : $8.68 (As of Mar. 2024)


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What is Minim 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.

Minim's adjusted book value per share for the three months ended in Mar. 2024 was $-0.430. 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 $8.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Minim's average Cyclically Adjusted Book Growth Rate was -6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -8.10% 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 Minim was -0.90% per year. The lowest was -13.30% per year. And the median was -7.60% per year.

As of today (2024-05-24), Minim's current stock price is $3.23. Minim's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $8.68. Minim's Cyclically Adjusted PB Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Minim was 3.78. The lowest was 0.06. And the median was 0.25.


Minim Cyclically Adjusted Book per Share Historical Data

The historical data trend for Minim'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.

Minim Cyclically Adjusted Book per Share Chart

Minim Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.74 9.01 8.93 9.27 8.77

Minim 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 9.31 9.21 9.03 8.77 8.68

Competitive Comparison of Minim's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Minim'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.


Minim's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Minim 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, Minim'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)
=-0.43/131.7762*131.7762
=-0.430

Current CPI (Mar. 2024) = 131.7762.

Minim Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.771 100.560 8.873
201409 6.831 100.428 8.963
201412 6.485 99.070 8.626
201503 6.499 99.621 8.597
201506 6.470 100.684 8.468
201509 10.866 100.392 14.263
201512 9.560 99.792 12.624
201603 8.412 100.470 11.033
201606 6.706 101.688 8.690
201609 6.483 101.861 8.387
201612 7.084 101.863 9.164
201703 5.392 102.862 6.908
201706 4.965 103.349 6.331
201709 5.742 104.136 7.266
201712 5.188 104.011 6.573
201803 5.853 105.290 7.325
201806 6.224 106.317 7.714
201809 7.023 106.507 8.689
201812 6.009 105.998 7.470
201903 4.540 107.251 5.578
201906 8.702 108.070 10.611
201909 8.588 108.329 10.447
201912 7.297 108.420 8.869
202003 6.676 108.902 8.078
202006 7.988 108.767 9.678
202009 7.813 109.815 9.375
202012 5.552 109.897 6.657
202103 5.676 111.754 6.693
202106 4.931 114.631 5.669
202109 17.471 115.734 19.893
202112 16.611 117.630 18.609
202203 14.773 121.301 16.049
202206 13.275 125.017 13.993
202209 11.093 125.227 11.673
202212 8.704 125.222 9.160
202303 6.568 127.348 6.796
202306 3.655 128.729 3.742
202309 0.072 129.860 0.073
202312 0.042 129.419 0.043
202403 -0.430 131.776 -0.430

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


Minim  (NAS:MINM) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.23/8.68
=0.37

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Minim was 3.78. The lowest was 0.06. And the median was 0.25.


Be Aware

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


Minim Cyclically Adjusted Book per Share Related Terms

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


Minim (MINM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minim Inc (NAS:MINM) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
848 Elm Street, Manchester, NH, USA, 03101
Minim Inc manufactures communications equipment. The company delivers smart software-driven communications products under the Motorola brand. Its hardware products include cable modems, cable modems/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices. Geographically, it generates nearly all of its revenue from North America.
Executives
Elizabeth Cash Hitchcock director, 10 percent owner 848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Jeremy P. Hitchcock director, 10 percent owner 848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Andrew F. Papanicolau director 848 ELM STREET, MANCHESTER NH 03101
Mehul A Patel officer: Chief Financial Officer 3770 BLACKBURN COURT, CHALFONT PA 18914
Dustin Tacker officer: Interim Chief Acctng. Officer 224 ATLANTIC ST, GLOUCESTER MA 01930
Daniel A Artusi director 5966 LA PLACE COURT, SUITE 100, CARLSBAD CA 92008
Hitchcock Elizabeth Sarah Cash director, 10 percent owner 101 ARCH STREET, BOSTON MA 02110
Sandra Kaye Howe director 101 ARCH STREET, BOSTON MA 02110
David Bradley Aronoff director 101 ARCH STREET, BOSTON MA 02110
Graham James Chynoweth director, officer: Chief Executive Officer 101 ARCH STREET, BOSTON MA 02110
Joshua Horowitz director 72-38 113TH STREET, APARTMENT 3L, FOREST HILLS NY 11375
Sean Patrick Doherty officer: Chief Financial Officer 101 ARCH STREET, BOSTON MA 02110
Nicole Elisabeth Zheng officer: President & CMO 101 ARCH STREET, BOSTON MA 02110
John Lauten officer: Chief Operating Officer 848 ELM STREET, MANCHESTER NH 03101
Terry Manning officer: VP of Sales & Marketing