Mips AB (LTS:0RNQ) Cyclically Adjusted Book per Share: kr18.97 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0RNQ Mips AB LTS:0RNQ
83 GF Score
Price kr376.80
GF Value kr599.03
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Mips AB Cyclically Adjusted Book per Share?

Mips AB LTS:0RNQ -0.95% 83 Cyclically Adjusted Book per Share is kr18.97 as of Jun. 2026. GuruFocus rates LTS:0RNQ with a GF Score™ of 83/100 and a GF Value™ of kr599.03 (Significantly Undervalued). The stock has 4 warning signs investors should review.

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.

Mips AB's adjusted book value per share for the three months ended in Jun. 2026 was kr23.480. 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 kr18.97 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Mips AB's average Cyclically Adjusted Book Growth Rate was 8.00% 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 (2026-08-23), Mips AB's current stock price is kr376.80. Mips AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr18.97. Mips AB's Cyclically Adjusted PB Ratio of today is 19.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mips AB was 27.01. The lowest was 11.46. And the median was 19.30.


Mips AB  (LTS:0RNQ) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=376.80/18.97
=19.86

* 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 Mips AB was 27.01. The lowest was 11.46. And the median was 19.30.


Be Aware

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


Mips AB Cyclically Adjusted Book per Share Related Terms


Mips AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Mips 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.

Mips AB Cyclically Adjusted Book per Share Chart

Mips AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 18.79

Mips AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 17.70 18.05 18.79 18.60 18.97

LTS:0RNQ vs AS, HAS, LTH: Cyclically Adjusted Book per Share Comparison

For the Leisure subindustry, Mips 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.


Mips AB Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mips AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0RNQ
83GF Score
Mips AB LTS:0RNQ
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mips 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, Mips AB's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=23.48/134.6100*134.6100
=23.480

Current CPI (Jun. 2026) = 134.6100.

Mips AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 2.266 102.022 2.990
201703 7.902 102.022 10.426
201706 8.340 102.752 10.926
201709 8.307 103.279 10.827
201712 8.718 103.793 11.306
201803 8.741 103.962 11.318
201806 9.333 104.875 11.979
201809 9.995 105.679 12.731
201812 10.895 105.912 13.847
201903 11.216 105.886 14.259
201906 9.892 106.742 12.475
201909 10.365 107.214 13.014
201912 11.779 107.766 14.713
202003 13.627 106.563 17.214
202006 12.221 107.498 15.303
202009 13.902 107.635 17.386
202012 16.273 108.296 20.227
202103 17.152 108.360 21.307
202106 15.777 108.928 19.497
202109 19.024 110.338 23.209
202112 22.041 112.486 26.376
202203 23.951 114.825 28.078
202206 21.698 118.384 24.672
202209 22.576 122.296 24.849
202212 23.913 126.365 25.473
202303 24.639 127.042 26.107
202306 20.035 129.407 20.841
202309 23.579 130.224 24.373
202312 24.801 131.912 25.308
202403 25.329 132.205 25.790
202406 20.800 132.716 21.097
202409 22.121 132.304 22.507
202412 24.197 132.987 24.492
202503 24.423 132.825 24.751
202506 18.988 133.699 19.117
202509 20.233 133.480 20.404
202512 21.215 133.390 21.409
202603 22.800 133.560 22.979
202606 23.480 134.610 23.480

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

What does a Cyclically Adjusted Book per Share of kr18.97 mean?
Mips AB (LTS:0RNQ) has a Cyclically Adjusted Book per Share of kr18.97 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Mips AB and its competitors.
Is Mips AB's Cyclically Adjusted Book per Share too high?
Mips AB's current Cyclically Adjusted Book per Share is kr18.97. Overall, Mips AB has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mips AB's Cyclically Adjusted Book per Share compare to AS and HAS?
Mips AB's Cyclically Adjusted Book per Share of kr18.97 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Mips AB and its competitors. Mips AB's current Cyclically Adjusted Book per Share is kr18.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mips AB stock overvalued right now?
Based on GuruFocus' analysis, Mips AB (LTS:0RNQ) is currently considered Significantly Undervalued. The stock's GF Value™ is kr599.03, compared to a current price of kr376.80 — trading 37.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is kr18.97. Mips AB's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Mips AB (LTS:0RNQ), the current Cyclically Adjusted Book per Share is kr18.97 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mips AB (LTS:0RNQ) Overvalued in 2026?

Based on GuruFocus' analysis, Mips AB stock appears to be undervalued. The current stock price of kr376.80 is trading 37.1% below its estimated GF Value™ of kr599.03. GuruFocus considers Mips AB to be Significantly Undervalued.

Key valuation signals for LTS:0RNQ:

  • Cyclically Adjusted Book per Share: kr18.97
  • GF Value™: kr599.03 vs. price of kr376.80 (37.1% below fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the LTS:0RNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mips AB Business Description

Address Kemistvagen 1B, Taby, Stockholm, SWE, 183 79
Mips AB is a safety solutions provider that develops and sells the Mips safety system, comprising a low friction layer with different components that are designed for different helmet models. The system is adapted to different helmet models and is used by manufacturers in helmets for activities such as cycling, snow sports, motorcycling, and professional safety applications. The company sells its products and licenses the associated technology to helmet brands that manufacture, market, and sell helmets to end-users, directly or indirectly. Geographically, the company derives the majority of revenue from North America.
83GF Score

Get the complete analysis for LTS:0RNQ

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr376.80
Price
kr599.03
GF Value