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Maximus (MEX:MMS) Cyclically Adjusted Book per Share : MXN558.87 (As of Mar. 2025)


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What is Maximus 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.

Maximus's adjusted book value per share for the three months ended in Mar. 2025 was MXN605.397. 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 MXN558.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Maximus's average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 15.40% 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 Maximus was 18.10% per year. The lowest was 5.00% per year. And the median was 8.55% per year.

As of today (2025-05-23), Maximus's current stock price is MXN1630.00. Maximus's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN558.87. Maximus's Cyclically Adjusted PB Ratio of today is 2.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maximus was 11.33. The lowest was 2.86. And the median was 6.74.


Maximus Cyclically Adjusted Book per Share Historical Data

The historical data trend for Maximus'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.

Maximus Cyclically Adjusted Book per Share Chart

Maximus Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 287.25 480.75 423.59 414.98

Maximus Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 354.09 356.38 414.98 494.35 558.87

Competitive Comparison of Maximus's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Maximus'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.


Maximus's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Maximus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Maximus 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, Maximus's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=605.397/134.9266*134.9266
=605.397

Current CPI (Mar. 2025) = 134.9266.

Maximus Quarterly Data

Book Value per Share CPI Adj_Book
201506 151.841 100.684 203.482
201509 158.136 100.392 212.535
201512 161.406 99.792 218.233
201603 174.853 100.470 234.819
201606 200.035 101.688 265.420
201609 222.067 101.861 294.153
201612 242.079 101.863 320.656
201703 238.106 102.862 312.329
201706 246.836 103.349 322.255
201709 261.920 104.136 339.365
201712 301.924 104.011 391.666
201803 295.887 105.290 379.174
201806 321.699 106.317 408.268
201809 314.951 106.507 398.991
201812 343.474 105.998 437.214
201903 354.137 107.251 445.522
201906 365.582 108.070 456.435
201909 385.031 108.329 479.564
201912 383.082 108.420 476.738
202003 435.386 108.902 539.434
202006 449.854 108.767 558.047
202009 446.036 109.815 548.032
202012 420.263 109.897 515.981
202103 455.528 111.754 549.981
202106 470.658 114.631 553.987
202109 491.308 115.734 572.782
202112 506.234 117.630 580.674
202203 502.289 121.301 558.711
202206 502.607 125.017 542.448
202209 512.811 125.227 552.534
202212 507.179 125.222 546.486
202303 474.978 127.348 503.245
202306 460.540 128.729 482.714
202309 476.275 129.860 494.859
202312 477.765 129.419 498.095
202403 486.477 131.776 498.107
202406 551.393 132.554 561.263
202409 601.232 133.029 609.809
202412 599.556 133.157 607.523
202503 605.397 134.927 605.397

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


Maximus  (MEX:MMS) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1630.00/558.87
=2.92

* 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 Maximus was 11.33. The lowest was 2.86. And the median was 6.74.


Be Aware

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


Maximus Cyclically Adjusted Book per Share Related Terms

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


Maximus Business Description

Industry
Traded in Other Exchanges
Address
1600 Tysons Boulevard, McLean, VA, USA, 22102
Maximus Inc designs, develops, and delivers programs, enabling people to access vital government services. It translates health and human services public policy into operating models that achieve outcomes for governments at scale. The company covers a broad array of services, including the operation of large health insurance eligibility and enrollment programs; clinical services, including assessments, appeals, and independent medical reviews; and technology services. The company operates through the following segments; U.S. Federal Services, U.S. Services, and Outside the U.S. A majority of its revenue is derived from the U.S. Federal Services segment which engages with various U.S. federal government agencies to deliver clinical services, maintenance services, and technology solutions.