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Metal Storm Limited (ASX:MST) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Metal Storm Limited Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Metal Storm Limited Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Metal Storm Limited'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.

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Metal Storm Limited Cyclically Adjusted PB Ratio Chart

Metal Storm Limited Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Cyclically Adjusted PB Ratio
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Metal Storm Limited Semi-Annual Data
Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
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Competitive Comparison of Metal Storm Limited's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Metal Storm Limited'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 Storm Limited's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Metal Storm Limited's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Metal Storm Limited 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 Storm Limited's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec11 is calculated as:

For example, Metal Storm Limited's adjusted Book Value per Share data for the fiscal year that ended in Dec11 was:

Adj_Book=Book Value per Share/CPI of Dec11 (Change)*Current CPI (Dec11)
=-0.01/92.6863*92.6863
=-0.010

Current CPI (Dec11) = 92.6863.

Metal Storm Limited Annual Data

Book Value per Share CPI Adj_Book
200212 0.015 72.069 0.019
200312 0.021 73.833 0.026
200412 0.032 75.691 0.039
200512 0.011 77.827 0.013
200612 0.005 80.427 0.006
200712 -0.006 82.749 -0.007
200812 -0.022 85.814 -0.024
200912 -0.027 87.578 -0.029
201012 -0.013 89.993 -0.013
201112 -0.010 92.686 -0.010

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.


Metal Storm Limited  (ASX:MST) 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 Storm Limited Cyclically Adjusted PB Ratio Related Terms

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Metal Storm Limited (ASX:MST) Business Description

Traded in Other Exchanges
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Address
Metal Storm Ltd is incorporated under the laws of Australia on April 13, 1994. The company is a defence technology company engaged in the development of electronically initiated ballistics systems using its stacked round technology. Its technology is an electronically initiated, stacked projectile system which removes the mechanical steps required to fire a conventional weapon. Effectively, the only parts that move in Metal Storm's technology are the projectiles contained within the barrels. Multiple projectiles are stacked in a barrel, each separated by a propellant load. Its products include 3GL - 3 shot grenade launcher, FireStorm, MAUL, Redback, Munitions and Component weapon systems. The company also provides Research and Development as well as Consulting and Integration Services.