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Masimo (MEX:MASI) Cyclically Adjusted Book per Share : MXN306.44 (As of Mar. 2024)


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What is Masimo 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.

Masimo's adjusted book value per share for the three months ended in Mar. 2024 was MXN426.805. 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 MXN306.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Masimo's average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 21.30% 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 Masimo was 23.50% per year. The lowest was 17.90% per year. And the median was 22.20% per year.

As of today (2024-06-23), Masimo's current stock price is MXN1940.00. Masimo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN306.44. Masimo's Cyclically Adjusted PB Ratio of today is 6.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Masimo was 25.39. The lowest was 4.04. And the median was 13.83.


Masimo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Masimo'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.

Masimo Cyclically Adjusted Book per Share Chart

Masimo 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 - 229.21 298.12 323.12 329.92

Masimo 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 270.69 396.85 400.36 329.92 306.44

Competitive Comparison of Masimo's Cyclically Adjusted Book per Share

For the Medical Devices subindustry, Masimo'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.


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

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

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



Masimo 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, Masimo'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)
=426.805/131.7762*131.7762
=426.805

Current CPI (Mar. 2024) = 131.7762.

Masimo Quarterly Data

Book Value per Share CPI Adj_Book
201406 75.657 100.560 99.143
201409 72.481 100.428 95.106
201412 85.817 99.070 114.148
201503 93.771 99.621 124.038
201506 87.288 100.684 114.243
201509 90.470 100.392 118.753
201512 94.941 99.792 125.370
201603 94.172 100.470 123.515
201606 110.601 101.688 143.326
201609 129.683 101.861 167.769
201612 230.142 101.863 297.727
201703 233.396 102.862 299.002
201706 246.884 103.349 314.792
201709 251.925 104.136 318.793
201712 275.379 104.011 348.890
201803 268.919 105.290 336.568
201806 310.802 106.317 385.229
201809 322.033 106.507 398.438
201812 358.436 105.998 445.606
201903 365.532 107.251 449.121
201906 374.581 108.070 456.751
201909 408.147 108.329 496.486
201912 410.200 108.420 498.566
202003 543.041 108.902 657.106
202006 564.804 108.767 684.284
202009 567.693 109.815 681.223
202012 506.792 109.897 607.689
202103 493.600 111.754 582.033
202106 503.006 114.631 578.238
202109 546.671 115.734 622.445
202112 574.696 117.630 643.812
202203 567.597 121.301 616.613
202206 460.610 125.017 485.514
202209 479.334 125.227 504.405
202212 497.204 125.222 523.229
202303 454.315 127.348 470.113
202306 424.653 128.729 434.706
202309 420.496 129.860 426.702
202312 438.416 129.419 446.400
202403 426.805 131.776 426.805

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


Masimo  (MEX:MASI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1940.00/306.44
=6.33

* 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 Masimo was 25.39. The lowest was 4.04. And the median was 13.83.


Be Aware

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


Masimo Cyclically Adjusted Book per Share Related Terms

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


Masimo (MEX:MASI) Business Description

Traded in Other Exchanges
Address
52 Discovery, Irvine, CA, USA, 92618
Masimo Corp is a global technology company. The company's segment includes healthcare and non-healthcare. The healthcare business segment is a key revenue driver, develops, manufactures, and markets a variety of noninvasive patient monitoring technologies, hospital automation and connectivity solutions, remote monitoring devices and consumer health products. Its non-healthcare segment includes consumer audio business develops, manufactures, markets sells and licenses premium and luxury audio sound products and related integration technologies.

Masimo (MEX:MASI) Headlines