MCNCF (Macnica Holdings) Cyclically Adjusted Book per Share: $1.20 (As of Jun. 2026)

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MCNCF Macnica Holdings Inc MCNCF
82 GF Score
Price $22.98
GF Value $3.28
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Macnica Holdings Cyclically Adjusted Book per Share?

Macnica Holdings MCNCF +10.48% 82 Cyclically Adjusted Book per Share is $1.20 as of Jun. 2026. GuruFocus rates MCNCF with a GF Score™ of 82/100 and a GF Value™ of $3.28 (Significantly Overvalued). The stock has 8 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.

Macnica Holdings's adjusted book value per share for the three months ended in Jun. 2026 was $9.989. 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 $1.20 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Macnica Holdings's average Cyclically Adjusted Book Growth Rate was 10.60% 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 (2026-09-04), Macnica Holdings's current stock price is $22.98. Macnica Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $1.20. Macnica Holdings's Cyclically Adjusted PB Ratio of today is 19.15.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Macnica Holdings was 3.61. The lowest was 1.84. And the median was 2.36.


Macnica Holdings  (OTCPK:MCNCF) 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.

Macnica Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.98/1.20
=19.15

* 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 Macnica Holdings was 3.61. The lowest was 1.84. And the median was 2.36.


Be Aware

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


Macnica Holdings Cyclically Adjusted Book per Share Related Terms


Macnica Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Macnica Holdings'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.

Macnica Holdings Cyclically Adjusted Book per Share Chart

Macnica Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.72 1.58

Macnica Holdings 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 1.75 1.70 1.50 1.58 1.20

MCNCF vs SNX, ARW, AVT: Cyclically Adjusted Book per Share Comparison

For the Electronics & Computer Distribution subindustry, Macnica Holdings'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.


Macnica Holdings Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Macnica Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MCNCF
82GF Score
Macnica Holdings Inc MCNCF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macnica Holdings 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, Macnica Holdings'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)
=9.989/113.6000*113.6000
=9.989

Current CPI (Jun. 2026) = 113.6000.

Macnica Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.718 98.000 6.628
201612 4.997 98.400 5.769
201703 5.548 98.100 6.425
201706 5.700 98.500 6.574
201709 5.913 98.800 6.799
201712 5.926 99.400 6.773
201803 6.318 99.200 7.235
201806 6.106 99.200 6.992
201809 6.158 99.900 7.002
201812 6.176 99.700 7.037
201903 6.346 99.700 7.231
201906 6.449 99.800 7.341
201909 6.533 100.100 7.414
201912 6.505 100.500 7.353
202003 6.630 100.300 7.509
202006 6.716 99.900 7.637
202009 6.943 99.900 7.895
202012 7.057 99.300 8.073
202103 7.021 99.900 7.984
202106 7.154 99.500 8.168
202109 7.445 100.100 8.449
202112 7.480 100.100 8.489
202203 7.687 101.100 8.637
202206 7.245 101.800 8.085
202209 7.224 103.100 7.960
202212 7.671 104.100 8.371
202303 8.228 104.400 8.953
202306 8.401 105.200 9.072
202309 8.582 106.200 9.180
202312 8.832 106.800 9.394
202403 9.062 107.200 9.603
202406 8.891 108.200 9.335
202409 9.638 108.900 10.054
202412 9.363 110.700 9.608
202503 9.491 111.100 9.705
202506 9.722 111.700 9.887
202509 9.867 112.000 10.008
202512 9.648 113.000 9.699
202603 9.844 112.700 9.923
202606 9.989 113.600 9.989

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 $1.20 mean?
Macnica Holdings (MCNCF) has a Cyclically Adjusted Book per Share of $1.20 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 Macnica Holdings and its competitors.
Is Macnica Holdings' Cyclically Adjusted Book per Share too high?
Macnica Holdings' current Cyclically Adjusted Book per Share is $1.20. Overall, Macnica Holdings has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macnica Holdings' Cyclically Adjusted Book per Share compare to SNX and ARW?
Macnica Holdings' Cyclically Adjusted Book per Share of $1.20 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware 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 Macnica Holdings and its competitors. Macnica Holdings's current Cyclically Adjusted Book per Share is $1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macnica Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macnica Holdings (MCNCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.28, compared to a current price of $22.98 — trading 600.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is $1.20. Macnica Holdings' overall GF Score™ is 82/100 with 8 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 Macnica Holdings (MCNCF), the current Cyclically Adjusted Book per Share is $1.20 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 Macnica Holdings (MCNCF) Overvalued in 2026?

Based on GuruFocus' analysis, Macnica Holdings stock appears to be overvalued. The current stock price of $22.98 is trading 600.6% above its estimated GF Value™ of $3.28. GuruFocus considers Macnica Holdings to be Significantly Overvalued.

Key valuation signals for MCNCF:

  • Cyclically Adjusted Book per Share: $1.20
  • GF Value™: $3.28 vs. price of $22.98 (600.6% above fair value)
  • GF Score™: 82/100 with 8 warning signs

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


Macnica Holdings Business Description

Other Exchanges 3132:Japan
Address 1-6-3 Shin-Yokohama, Macnica Building 1, Kohoku-ku, Yokohama, JPN, 222-8561
Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports, and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business, and the Network Business. The IC, Electronic Devices, and Other Business handles the sales of products such as ICs and electronic devices, and the Network Business is responsible for the sales of network-related hardware, software, and services.
82GF Score

Get the complete analysis for MCNCF

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

$22.98
Price
$3.28
GF Value