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Meiko Electronics Co (Meiko Electronics Co) Cyclically Adjusted Book per Share : $10.93 (As of Dec. 2023)


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What is Meiko Electronics Co 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.

Meiko Electronics Co's adjusted book value per share for the three months ended in Dec. 2023 was $23.737. 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 $10.93 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Meiko Electronics Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Meiko Electronics Co was 1.90% per year. The lowest was -4.30% per year. And the median was -2.50% per year.

As of today (2024-06-03), Meiko Electronics Co's current stock price is $26.05. Meiko Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.93. Meiko Electronics Co's Cyclically Adjusted PB Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Meiko Electronics Co was 4.03. The lowest was 0.75. And the median was 1.66.


Meiko Electronics Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Meiko Electronics Co'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.

Meiko Electronics Co Cyclically Adjusted Book per Share Chart

Meiko Electronics Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
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Meiko Electronics Co 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 - - - 10.93 -

Competitive Comparison of Meiko Electronics Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Meiko Electronics Co'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.


Meiko Electronics Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Meiko Electronics Co 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, Meiko Electronics Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=23.737/106.8000*106.8000
=23.737

Current CPI (Dec. 2023) = 106.8000.

Meiko Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.689 95.700 18.625
201406 16.005 98.000 17.442
201409 16.252 98.500 17.621
201412 15.929 97.900 17.377
201503 12.256 97.900 13.370
201506 9.074 98.400 9.849
201509 8.491 98.500 9.206
201512 8.234 98.100 8.964
201603 9.643 97.900 10.520
201606 8.960 98.100 9.755
201609 9.529 98.000 10.385
201612 9.208 98.400 9.994
201703 9.569 98.100 10.418
201706 9.960 98.500 10.799
201709 10.850 98.800 11.729
201712 11.238 99.400 12.075
201803 11.903 99.200 12.815
201806 10.386 99.200 11.182
201809 11.286 99.900 12.066
201812 11.241 99.700 12.042
201903 11.545 99.700 12.367
201906 11.156 99.800 11.938
201909 11.383 100.100 12.145
201912 12.130 100.500 12.890
202003 11.457 100.300 12.199
202006 11.199 99.900 11.973
202009 11.589 99.900 12.389
202012 12.226 99.300 13.149
202103 14.277 99.900 15.263
202106 14.626 99.500 15.699
202109 15.564 100.100 16.606
202112 17.035 100.100 18.175
202203 19.237 101.100 20.322
202206 20.091 101.800 21.078
202209 20.271 103.100 20.998
202212 21.544 104.100 22.103
202303 22.557 104.400 23.076
202306 23.229 105.200 23.582
202309 23.950 106.200 24.085
202312 23.737 106.800 23.737

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


Meiko Electronics Co  (OTCPK:MKOEF) 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.

Meiko Electronics Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.05/10.93
=2.38

* 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 Meiko Electronics Co was 4.03. The lowest was 0.75. And the median was 1.66.


Be Aware

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


Meiko Electronics Co Cyclically Adjusted Book per Share Related Terms

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


Meiko Electronics Co (Meiko Electronics Co) Business Description

Industry
Traded in Other Exchanges
Address
5-14-15, Ogami, Kanagawa Prefecture, Ayase, JPN, 252-1104
Meiko Electronics Co., Ltd. is a Japan-based company. The company is engaged in manufacturing of anyLayer high density interconnect, high heat dissipation printed circuit boards (PCBs) and high electric current PCBs, solder stencils, electronic manufacturing services, industrial equipment, and imaging equipment. The company operates in one business segment that is Printed Circuit Boards. Geographically the company exports its products to Asia, North America, Europe, and Other regions.

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