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Mycronic AB (Mycronic AB) Cyclically Adjusted PB Ratio : 11.55 (As of May. 24, 2024)


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What is Mycronic AB Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Mycronic AB's current share price is $25.30. Mycronic AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.19. Mycronic AB's Cyclically Adjusted PB Ratio for today is 11.55.

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

MICLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.25   Med: 8.39   Max: 14.53
Current: 12.42

During the past years, Mycronic AB's highest Cyclically Adjusted PB Ratio was 14.53. The lowest was 5.25. And the median was 8.39.

MICLF's Cyclically Adjusted PB Ratio is ranked worse than
96.25% of 2081 companies
in the Industrial Products industry
Industry Median: 1.85 vs MICLF: 12.42

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.

Mycronic AB's adjusted book value per share data for the three months ended in Mar. 2024 was $5.706. 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 $2.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mycronic AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mycronic AB'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.

Mycronic AB Cyclically Adjusted PB Ratio Chart

Mycronic AB 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 11.42 13.62 9.93 7.29 9.10

Mycronic AB 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 9.14 9.14 7.47 9.10 11.54

Competitive Comparison of Mycronic AB's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Mycronic AB'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.


Mycronic AB's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mycronic AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mycronic AB 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.

Mycronic AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.30/2.19
=11.55

* 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.

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

For example, Mycronic AB'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)
=5.706/132.2054*132.2054
=5.706

Current CPI (Mar. 2024) = 132.2054.

Mycronic AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.800 100.432 2.369
201409 1.383 100.161 1.825
201412 1.616 100.225 2.132
201503 1.469 99.950 1.943
201506 1.042 99.995 1.378
201509 1.312 100.228 1.731
201512 1.525 100.276 2.011
201603 1.591 100.751 2.088
201606 1.213 101.019 1.587
201609 1.331 101.138 1.740
201612 1.566 102.022 2.029
201703 1.747 102.022 2.264
201706 1.812 102.752 2.331
201709 1.970 103.279 2.522
201712 2.166 103.793 2.759
201803 2.421 103.962 3.079
201806 2.205 104.875 2.780
201809 2.546 105.679 3.185
201812 2.687 105.912 3.354
201903 3.015 105.886 3.764
201906 2.919 106.742 3.615
201909 3.033 107.214 3.740
201912 3.218 107.766 3.948
202003 3.196 106.563 3.965
202006 3.546 107.498 4.361
202009 3.780 107.635 4.643
202012 4.108 108.296 5.015
202103 4.482 108.360 5.468
202106 4.384 108.928 5.321
202109 4.391 110.338 5.261
202112 4.444 112.486 5.223
202203 4.481 114.825 5.159
202206 4.258 118.384 4.755
202209 4.122 122.296 4.456
202212 4.598 126.365 4.811
202303 4.775 127.042 4.969
202306 4.397 129.407 4.492
202309 4.417 130.224 4.484
202312 5.241 131.912 5.253
202403 5.706 132.205 5.706

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.


Mycronic AB  (OTCPK:MICLF) 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.


Mycronic AB Cyclically Adjusted PB Ratio Related Terms

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


Mycronic AB (Mycronic AB) Business Description

Traded in Other Exchanges
Address
Nytorpsvagen 9, P.O. Box 3141, Taby, Stockholm, SWE, 183 03
Mycronic AB develops solutions for advanced electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, and markets mask writers and measuring machines for the production of advanced photomasks for displays; The High Flex division develops, manufactures, and markets surface mount technology (SMT) and inspection equipment, focusing on markets for flexible manufacture, primarily in Europe and the USA; The High Volume division develops, manufactures and markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes advanced production solutions with high levels of differentiation.