Minco Silver (Minco Silver) Cyclically Adjusted Book per Share : $1.05 (As of Mar. 2024)

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What is Minco Silver 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.

Minco Silver's adjusted book value per share for the three months ended in Mar. 2024 was $0.500. 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 $1.05 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Minco Silver's average Cyclically Adjusted Book Growth Rate was -5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.40% 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 Minco Silver was 11.60% per year. The lowest was -2.40% per year. And the median was 3.55% per year.

As of today (2024-06-20), Minco Silver's current stock price is $0.15. Minco Silver's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.05. Minco Silver's Cyclically Adjusted PB Ratio of today is 0.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Minco Silver was 0.16. The lowest was 0.00. And the median was 0.00.

Minco Silver Cyclically Adjusted Book per Share Historical Data

The historical data trend for Minco Silver'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.

Minco Silver Cyclically Adjusted Book per Share Chart

Minco Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted Book per Share

Get a 7-Day Free Trial

1.23

1.21

1.24

1.13

1.11

Minco Silver 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															1.12	1.10	1.04	1.11	1.05

Competitive Comparison of Minco Silver's Cyclically Adjusted Book per Share

For the Silver subindustry, Minco Silver'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.

Minco Silver's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Minco Silver's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Minco Silver Cyclically Adjusted Book per Share Calculation

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, Minco Silver'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)
	=	0.5	/	126.2576	*	126.2576
	=	0.500

Current CPI (Mar. 2024) = 126.2576.

Minco Silver Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	1.420	99.473	1.802
201409	1.420	99.394	1.804
201412	1.340	98.367	1.720
201503	1.372	99.789	1.736
201506	1.412	100.500	1.774
201509	1.372	100.421	1.725
201512	1.345	99.947	1.699
201603	1.306	101.054	1.632
201606	1.299	102.002	1.608
201609	1.281	101.765	1.589
201612	1.244	101.449	1.548
201703	1.230	102.634	1.513
201706	1.219	103.029	1.494
201709	1.286	103.345	1.571
201712	1.262	103.345	1.542
201803	1.324	105.004	1.592
201806	1.249	105.557	1.494
201809	1.202	105.636	1.437
201812	1.227	105.399	1.470
201903	1.242	106.979	1.466
201906	1.204	107.690	1.412
201909	0.577	107.611	0.677
201912	0.577	107.769	0.676
202003	0.580	107.927	0.679
202006	0.573	108.401	0.667
202009	0.587	108.164	0.685
202012	0.602	108.559	0.700
202103	0.600	110.298	0.687
202106	0.616	111.720	0.696
202109	0.618	112.905	0.691
202112	0.595	113.774	0.660
202203	0.599	117.646	0.643
202206	0.566	120.806	0.592
202209	0.539	120.648	0.564
202212	0.597	120.964	0.623
202303	0.599	122.702	0.616
202306	0.505	124.203	0.513
202309	0.486	125.230	0.490
202312	0.533	125.072	0.538
202403	0.500	126.258	0.500

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

Minco Silver (OTCPK:MISVF) 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.

Minco Silver's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.15	/	1.05
	=	0.14

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Minco Silver was 0.16. The lowest was 0.00. And the median was 0.00.

Be Aware

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

Minco Silver Cyclically Adjusted Book per Share Related Terms

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

Minco Silver (Minco Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minco Silver Corp (OTCPK:MISVF) » Definitions » Cyclically Adjusted Book per Share

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Traded in Other Exchanges

XYD:Germany MSV:Canada

Address

1055 West Georgia Street, Suite 2060, P.O. Box 11176, Vancouver, BC, CAN, V6E 3P3

Website

http://www.mincosilver.com

Minco Silver Corp is a Canadian-based silver mining company. It is engaged in exploring, evaluating, and developing precious metal mineral properties and projects. The company has an interest in the Fuwan Silver Project and Changkeng Gold Project. It has one segment for the exploration and development of resource properties.

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