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Medicalgorithmics (WAR:MDG) Cyclically Adjusted Book per Share : zł48.34 (As of Dec. 2023)


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What is Medicalgorithmics 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.

Medicalgorithmics's adjusted book value per share for the three months ended in Dec. 2023 was zł9.300. 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 zł48.34 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Medicalgorithmics's average Cyclically Adjusted Book Growth Rate was 1.20% 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.

As of today (2024-06-09), Medicalgorithmics's current stock price is zł26.16. Medicalgorithmics's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was zł48.34. Medicalgorithmics's Cyclically Adjusted PB Ratio of today is 0.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Medicalgorithmics was 0.91. The lowest was 0.13. And the median was 0.43.


Medicalgorithmics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Medicalgorithmics'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.

Medicalgorithmics Cyclically Adjusted Book per Share Chart

Medicalgorithmics 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 - - 44.69 47.77 48.34

Medicalgorithmics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 47.77 49.53 49.32 48.43 48.34

Competitive Comparison of Medicalgorithmics's Cyclically Adjusted Book per Share

For the Medical Devices subindustry, Medicalgorithmics'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.


Medicalgorithmics's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medicalgorithmics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Medicalgorithmics 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, Medicalgorithmics's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.3/147.7411*147.7411
=9.300

Current CPI (Dec. 2023) = 147.7411.

Medicalgorithmics Quarterly Data

Book Value per Share CPI Adj_Book
201403 24.752 101.262 36.113
201406 24.280 101.180 35.453
201409 25.466 100.611 37.395
201412 26.274 100.122 38.770
201503 27.740 100.041 40.967
201506 27.657 100.448 40.679
201509 28.456 99.634 42.196
201512 28.704 99.471 42.633
201603 34.871 98.983 52.048
201606 35.290 99.552 52.372
201609 37.240 99.064 55.539
201612 49.069 100.366 72.231
201703 47.632 101.018 69.663
201706 45.251 101.180 66.074
201709 46.927 101.343 68.412
201712 46.835 102.564 67.465
201803 47.356 102.564 68.215
201806 50.944 103.378 72.806
201809 50.785 103.378 72.579
201812 52.645 103.785 74.942
201903 54.886 104.274 77.766
201906 53.926 105.983 75.173
201909 57.171 105.983 79.697
201912 54.302 107.123 74.892
202003 57.323 109.076 77.643
202006 48.922 109.402 66.067
202009 47.040 109.320 63.572
202012 47.912 109.565 64.606
202103 49.407 112.658 64.793
202106 47.633 113.960 61.753
202109 48.843 115.588 62.430
202112 9.522 119.088 11.813
202203 -1.688 125.031 -1.995
202206 -1.431 131.705 -1.605
202209 3.046 135.531 3.320
202212 9.512 139.113 10.102
202303 8.563 145.950 8.668
202306 9.432 147.009 9.479
202309 9.438 146.113 9.543
202312 9.300 147.741 9.300

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


Medicalgorithmics  (WAR:MDG) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.16/48.34
=0.54

* 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 Medicalgorithmics was 0.91. The lowest was 0.13. And the median was 0.43.


Be Aware

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


Medicalgorithmics Cyclically Adjusted Book per Share Related Terms

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


Medicalgorithmics (WAR:MDG) Business Description

Traded in Other Exchanges
N/A
Address
Ul. Zurawia 22, Warsaw, POL, 00-515
Medicalgorithmics SA is a medical technology company. It is engaged in the development of Digital Signal Processing (DSP) algorithms development and software and hardware electronics design for medical applications.

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