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Mestek (Mestek) Cyclically Adjusted PB Ratio : 0.89 (As of May. 27, 2024)


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What is Mestek Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Mestek's current share price is $23.00. Mestek's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $25.80. Mestek's Cyclically Adjusted PB Ratio for today is 0.89.

The historical rank and industry rank for Mestek's Cyclically Adjusted PB Ratio or its related term are showing as below:

MCCK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.35   Max: 1.73
Current: 0.89

During the past years, Mestek's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.72. And the median was 1.35.

MCCK's Cyclically Adjusted PB Ratio is ranked better than
60.12% of 1216 companies
in the Construction industry
Industry Median: 1.12 vs MCCK: 0.89

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.

Mestek's adjusted book value per share data for the three months ended in Sep. 2023 was $43.092. 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 $25.80 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mestek Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mestek'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.

Mestek Cyclically Adjusted PB Ratio Chart

Mestek Annual Data
Trend Dec03 Dec04 Dec05 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 1.00 1.09 1.25 1.49

Mestek Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Sep22 Sep23
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 1.52 1.53 1.47 - 0.87

Competitive Comparison of Mestek's Cyclically Adjusted PB Ratio

For the Building Products & Equipment subindustry, Mestek'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.


Mestek's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mestek's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mestek 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.

Mestek's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.00/25.8
=0.89

* 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.

Mestek's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Mestek's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=43.092/129.8595*129.8595
=43.092

Current CPI (Sep. 2023) = 129.8595.

Mestek Quarterly Data

Book Value per Share CPI Adj_Book
200403 10.887 79.066 17.881
200406 10.852 80.037 17.607
200409 13.166 80.121 21.339
200412 13.377 80.290 21.636
200503 13.668 81.555 21.763
200506 14.011 82.062 22.172
200509 12.013 83.876 18.599
200512 12.014 83.032 18.790
200603 12.056 84.298 18.572
200606 12.385 85.606 18.787
201112 17.132 95.213 23.366
201203 0.000 96.783 0.000
201206 0.000 96.819 0.000
201209 0.000 97.633 0.000
201212 15.899 96.871 21.313
201303 0.000 98.209 0.000
201306 16.686 98.518 21.994
201309 17.457 98.790 22.947
201312 18.228 98.326 24.074
201403 18.574 99.695 24.194
201406 19.154 100.560 24.735
201409 19.866 100.428 25.688
201412 20.381 99.070 26.715
201503 20.829 99.621 27.151
201506 21.163 100.684 27.295
201509 0.000 100.392 0.000
201512 21.198 99.792 27.585
201603 21.979 100.470 28.408
201606 22.709 101.688 29.000
201609 23.222 101.861 29.605
201612 23.430 101.863 29.870
201703 24.111 102.862 30.439
201706 24.650 103.349 30.973
201709 25.335 104.136 31.593
201712 25.669 104.011 32.048
201803 26.293 105.290 32.429
201806 26.532 106.317 32.407
201809 27.177 106.507 33.136
202209 0.000 125.227 0.000
202309 43.092 129.860 43.092

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.


Mestek  (OTCPK:MCCK) 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.


Mestek Cyclically Adjusted PB Ratio Related Terms

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


Mestek (Mestek) Business Description

Industry
Traded in Other Exchanges
N/A
Address
260 North Elm Street, Westfield, MA, USA, 1085
Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.
Executives
J Nicholas Filler officer: Senior Vice President 455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

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