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Mydecine Innovations Group (AQSE:MYIG) Cyclically Adjusted Book per Share : £11.12 (As of Jun. 2024)


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What is Mydecine Innovations Group 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.

Mydecine Innovations Group's adjusted book value per share for the three months ended in Jun. 2024 was £-0.144. 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 £11.12 for the trailing ten years ended in Jun. 2024.

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.

As of today (2024-10-31), Mydecine Innovations Group's current stock price is £0.0175. Mydecine Innovations Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was £11.12. Mydecine Innovations Group's Cyclically Adjusted PB Ratio of today is 0.00.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Mydecine Innovations Group was 0.01. The lowest was 0.00. And the median was 0.00.


Mydecine Innovations Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mydecine Innovations Group'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.

Mydecine Innovations Group Cyclically Adjusted Book per Share Chart

Mydecine Innovations Group Annual Data
Trend Aug14 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 - - - - 11.99

Mydecine Innovations Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - 11.99 6.60 11.12

Competitive Comparison of Mydecine Innovations Group's Cyclically Adjusted Book per Share

For the Drug Manufacturers - Specialty & Generic subindustry, Mydecine Innovations Group'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.


Mydecine Innovations Group's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Mydecine Innovations Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mydecine Innovations Group 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, Mydecine Innovations Group's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.144/127.5217*127.5217
=-0.144

Current CPI (Jun. 2024) = 127.5217.

Mydecine Innovations Group Quarterly Data

Book Value per Share CPI Adj_Book
201408 -0.733 99.315 -0.941
201412 3.004 98.367 3.894
201503 0.833 99.789 1.064
201506 21.378 100.500 27.126
201509 15.774 100.421 20.031
201512 -2.721 99.947 -3.472
201603 -5.900 101.054 -7.445
201606 -7.744 102.002 -9.681
201609 -11.053 101.765 -13.851
201612 16.886 101.449 21.226
201703 16.229 102.634 20.164
201706 11.584 103.029 14.338
201709 11.687 103.345 14.421
201712 9.418 103.345 11.621
201803 16.998 105.004 20.643
201806 -4.960 105.557 -5.992
201809 15.004 105.636 18.113
201812 0.291 105.399 0.352
201903 15.800 106.979 18.834
201906 13.643 107.690 16.155
201909 21.351 107.611 25.301
201912 1.584 107.769 1.874
202003 8.570 107.927 10.126
202006 3.077 108.401 3.620
202009 1.785 108.164 2.104
202012 0.585 108.559 0.687
202103 2.363 110.298 2.732
202106 1.959 111.720 2.236
202109 0.000 112.905 0.000
202112 0.024 113.774 0.027
202203 -0.414 117.646 -0.449
202206 -0.142 120.806 -0.150
202209 -0.241 120.648 -0.255
202212 -0.052 120.964 -0.055
202303 -0.225 122.702 -0.234
202306 -0.205 124.203 -0.210
202309 -0.086 125.230 -0.088
202312 -0.133 125.072 -0.136
202403 -0.128 126.258 -0.129
202406 -0.144 127.522 -0.144

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


Mydecine Innovations Group  (AQSE:MYIG) 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.

Mydecine Innovations Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.0175/11.12
=0.00

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Mydecine Innovations Group was 0.01. The lowest was 0.00. And the median was 0.00.


Be Aware

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


Mydecine Innovations Group Cyclically Adjusted Book per Share Related Terms

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


Mydecine Innovations Group Business Description

Traded in Other Exchanges
Address
1890 – 1075 West Georgia Street, Suite 810, Vancouver, BC, CAN, V6E 3C9
Mydecine Innovations Group Inc is a biopharma and life sciences company engaged in the research, drug development, and clinical trials of psilocybin products.

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