Metal Powder Works (ASX:MPW) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:MPW Metal Powder Works Ltd ASX:MPW
46 GF Score
Price A$1.65
GF Value A$0.12
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Metal Powder Works Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Metal Powder Works  (ASX:MPW) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Metal Powder Works Cyclically Adjusted PB Ratio Related Terms


Metal Powder Works Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metal Powder Works's Cyclically Adjusted PB Ratio 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.

Metal Powder Works Cyclically Adjusted PB Ratio Chart

Metal Powder Works Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.12 0.23 0.48 0.00

Metal Powder Works Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Jun25 Dec25 Jun26
Cyclically Adjusted PB Ratio 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 0.00 0.23 0.48 0.00 0.00

Metal Powder Works Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Metal Powder Works'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.


Metal Powder Works Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


ASX:MPW
46GF Score
Metal Powder Works Ltd ASX:MPW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metal Powder Works Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Metal Powder Works's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Metal Powder Works's adjusted Book Value per Share data for the fiscal year that ended in Jun26 was:

Adj_Book=Book Value per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=0.158/333.9520*333.9520
=0.158

Current CPI (Jun26) = 333.9520.

Metal Powder Works Annual Data

Book Value per Share CPI Adj_Book
201706 2.452 244.955 3.343
201806 1.028 251.989 1.362
201906 -0.482 256.143 -0.628
202006 0.861 257.797 1.115
202106 1.137 271.696 1.398
202206 0.835 296.311 0.941
202306 -0.219 305.109 -0.240
202406 -0.180 314.175 -0.191
202506 0.059 322.561 0.061
202606 0.158 333.952 0.158

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

Is Metal Powder Works (ASX:MPW) Overvalued in 2026?

Based on GuruFocus' analysis, Metal Powder Works stock appears to be overvalued. The current stock price of A$1.65 is trading 1275% above its estimated GF Value™ of A$0.12. GuruFocus considers Metal Powder Works to be Significantly Overvalued.

Key valuation signals for ASX:MPW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: A$0.12 vs. price of A$1.65 (1275% above fair value)
  • GF Score™: 46/100 with 5 warning signs

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


Metal Powder Works Business Description

Address No: 1300 Clinton Road, Suite 200, Clinton, PA, USA, 15026
Metal Powder Works Ltd is focused on producing high-quality metal powders for additive manufacturing. The company is engaged in two segments -Welding Technology in which there is development and commercialisation of proprietary high-speed precision welding solutions that improve the economics of fabrication and second is Metal Powders which includes Manufacture and supply of high-quality metal powders and related technologies for advanced manufacturing, additive manufacturing (3D printing), and other industrial applications.
46GF Score

Get the complete analysis for ASX:MPW

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

A$1.65
Price
A$0.12
GF Value