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Maxim Power (Maxim Power) Cyclically Adjusted PB Ratio : 1.01 (As of Apr. 29, 2024)


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What is Maxim Power Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Maxim Power's current share price is $3.27. Maxim Power's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.24. Maxim Power's Cyclically Adjusted PB Ratio for today is 1.01.

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

MXGFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.63   Max: 1.12
Current: 0.97

During the past years, Maxim Power's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.36. And the median was 0.63.

MXGFF's Cyclically Adjusted PB Ratio is ranked better than
55.12% of 254 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.145 vs MXGFF: 0.97

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.

Maxim Power's adjusted book value per share data for the three months ended in Dec. 2023 was $4.387. 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 $3.24 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxim Power Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Maxim Power'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.

Maxim Power Cyclically Adjusted PB Ratio Chart

Maxim Power 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 0.42 0.54 0.94 0.77 0.99

Maxim Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.77 0.92 1.05 1.00 0.99

Competitive Comparison of Maxim Power's Cyclically Adjusted PB Ratio

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.


Maxim Power's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Maxim Power 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.

Maxim Power's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.27/3.24
=1.01

* 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.

Maxim Power's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Maxim Power'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)
=4.387/125.4675*125.4675
=4.387

Current CPI (Dec. 2023) = 125.4675.

Maxim Power Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.649 98.604 5.916
201406 4.580 99.473 5.777
201409 4.531 99.394 5.720
201412 4.270 98.367 5.446
201503 3.941 99.789 4.955
201506 4.055 100.500 5.062
201509 3.836 100.421 4.793
201512 2.906 99.947 3.648
201603 2.775 101.054 3.445
201606 2.700 102.002 3.321
201609 2.417 101.765 2.980
201612 2.171 101.449 2.685
201703 2.096 102.634 2.562
201706 2.292 103.029 2.791
201709 2.401 103.345 2.915
201712 2.132 103.345 2.588
201803 2.056 105.004 2.457
201806 2.070 105.557 2.460
201809 2.034 105.636 2.416
201812 2.105 105.399 2.506
201903 2.091 106.979 2.452
201906 2.047 107.690 2.385
201909 2.088 107.611 2.434
201912 2.106 107.769 2.452
202003 2.003 107.927 2.329
202006 2.049 108.401 2.372
202009 2.108 108.164 2.445
202012 2.319 108.559 2.680
202103 2.786 110.298 3.169
202106 3.351 111.720 3.763
202109 3.513 112.905 3.904
202112 3.543 113.774 3.907
202203 3.842 117.646 4.097
202206 3.932 120.806 4.084
202209 4.118 120.648 4.283
202212 3.942 120.964 4.089
202303 4.021 122.702 4.112
202306 4.218 124.203 4.261
202309 4.068 125.230 4.076
202312 4.387 125.468 4.387

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.


Maxim Power  (OTCPK:MXGFF) 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.


Maxim Power Cyclically Adjusted PB Ratio Related Terms

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


Maxim Power (Maxim Power) Business Description

Traded in Other Exchanges
Address
715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6
Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.