GURUFOCUS.COM » STOCK LIST » Technology » Software » Micro Systemation AB (LTS:0FBM) » Definitions » Cyclically Adjusted Book per Share

Micro Systemation AB (LTS:0FBM) Cyclically Adjusted Book per Share : kr5.83 (As of Mar. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Micro Systemation AB 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.

Micro Systemation AB's adjusted book value per share for the three months ended in Mar. 2024 was kr6.064. 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 kr5.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Micro Systemation AB's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Micro Systemation AB was 11.40% per year. The lowest was 6.00% per year. And the median was 8.35% per year.

As of today (2024-05-21), Micro Systemation AB's current stock price is kr52.99656. Micro Systemation AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr5.83. Micro Systemation AB's Cyclically Adjusted PB Ratio of today is 9.09.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Micro Systemation AB was 25.68. The lowest was 4.73. And the median was 9.72.


Micro Systemation AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Micro Systemation AB'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.

Micro Systemation AB Cyclically Adjusted Book per Share Chart

Micro Systemation AB 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 4.12 3.87 4.16 6.09 4.65

Micro Systemation 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 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 5.82 5.56 5.26 4.65 5.83

Competitive Comparison of Micro Systemation AB's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Micro Systemation 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.


Micro Systemation AB's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Micro Systemation AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Micro Systemation AB 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, Micro Systemation 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)
=6.064/132.2054*132.2054
=6.064

Current CPI (Mar. 2024) = 132.2054.

Micro Systemation AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.030 100.432 2.672
201409 2.673 100.161 3.528
201412 3.525 100.225 4.650
201503 4.250 99.950 5.622
201506 3.551 99.995 4.695
201509 4.203 100.228 5.544
201512 5.065 100.276 6.678
201603 5.636 100.751 7.396
201606 3.780 101.019 4.947
201609 4.702 101.138 6.146
201612 5.656 102.022 7.329
201703 5.872 102.022 7.609
201706 3.852 102.752 4.956
201709 5.750 103.279 7.360
201712 6.564 103.793 8.361
201803 6.535 103.962 8.310
201806 4.598 104.875 5.796
201809 5.583 105.679 6.984
201812 5.961 105.912 7.441
201903 5.788 105.886 7.227
201906 2.983 106.742 3.695
201909 4.142 107.214 5.108
201912 4.118 107.766 5.052
202003 3.779 106.563 4.688
202006 4.191 107.498 5.154
202009 5.290 107.635 6.498
202012 4.781 108.296 5.837
202103 5.306 108.360 6.474
202106 3.113 108.928 3.778
202109 4.180 110.338 5.008
202112 4.915 112.486 5.777
202203 5.019 114.825 5.779
202206 5.415 118.384 6.047
202209 6.016 122.296 6.503
202212 6.285 126.365 6.575
202303 6.649 127.042 6.919
202306 5.989 129.407 6.119
202309 7.012 130.224 7.119
202312 6.276 131.912 6.290
202403 6.064 132.205 6.064

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


Micro Systemation AB  (LTS:0FBM) 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.

Micro Systemation AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=52.99656/5.83
=9.09

* 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 Micro Systemation AB was 25.68. The lowest was 4.73. And the median was 9.72.


Be Aware

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


Micro Systemation AB Cyclically Adjusted Book per Share Related Terms

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


Micro Systemation AB (LTS:0FBM) Business Description

Industry
Traded in Other Exchanges
Address
Hornsbruksgatan 28, Stockholm, SWE, 117 34
Micro Systemation AB is engaged in product development, production and sales of solutions within the area of mobile digital forensics. It provides software product to extract, analyses and present data from digital devices, primarily mobile phones. The company has three main product families: XRY, XAMN and XEC. The products are used mainly by police, military and intelligence agencies world-wide and are effective tools for securing evidence. The company's major revenue is derived from EMEA & Latin America.

Micro Systemation AB (LTS:0FBM) Headlines

No Headlines