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Mesa Laboratories (FRA:MLI) Cyclically Adjusted PB Ratio : 1.67 (As of Jun. 04, 2024)


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What is Mesa Laboratories Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Mesa Laboratories's current share price is €78.00. Mesa Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €46.77. Mesa Laboratories's Cyclically Adjusted PB Ratio for today is 1.67.

The historical rank and industry rank for Mesa Laboratories's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:MLI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.68   Med: 8.15   Max: 12.92
Current: 1.78

During the past years, Mesa Laboratories's highest Cyclically Adjusted PB Ratio was 12.92. The lowest was 1.68. And the median was 8.15.

FRA:MLI's Cyclically Adjusted PB Ratio is ranked worse than
52.28% of 1886 companies
in the Hardware industry
Industry Median: 1.68 vs FRA:MLI: 1.78

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.

Mesa Laboratories's adjusted book value per share data for the three months ended in Dec. 2023 was €68.504. 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 €46.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mesa Laboratories Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mesa Laboratories'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.

* Premium members only.

Mesa Laboratories Cyclically Adjusted PB Ratio Chart

Mesa Laboratories Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.62 9.54 7.87 6.39 3.70

Mesa Laboratories Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.68 3.70 2.62 2.07 2.02

Competitive Comparison of Mesa Laboratories's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, Mesa Laboratories'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.


Mesa Laboratories's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Mesa Laboratories 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.

Mesa Laboratories's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=78.00/46.77
=1.67

* 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.

Mesa Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mesa Laboratories'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)
=68.504/129.4194*129.4194
=68.504

Current CPI (Dec. 2023) = 129.4194.

Mesa Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.325 99.695 17.298
201406 13.944 100.560 17.946
201409 15.325 100.428 19.749
201412 16.452 99.070 21.492
201503 19.063 99.621 24.765
201506 18.952 100.684 24.361
201509 19.527 100.392 25.173
201512 20.422 99.792 26.485
201603 20.906 100.470 26.930
201606 21.286 101.688 27.091
201609 21.859 101.861 27.773
201612 24.024 101.863 30.523
201703 24.536 102.862 30.871
201706 23.916 103.349 29.949
201709 23.360 104.136 29.032
201712 21.103 104.011 26.258
201803 21.198 105.290 26.056
201806 23.458 106.317 28.555
201809 23.779 106.507 28.895
201812 24.505 105.998 29.920
201903 25.323 107.251 30.557
201906 26.866 108.070 32.174
201909 47.668 108.329 56.948
201912 48.222 108.420 57.562
202003 45.385 108.902 53.936
202006 66.515 108.767 79.144
202009 65.102 109.815 76.724
202012 66.130 109.897 77.878
202103 66.380 111.754 76.873
202106 63.701 114.631 71.919
202109 64.999 115.734 72.685
202112 66.878 117.630 73.581
202203 67.907 121.301 72.452
202206 67.938 125.017 70.331
202209 70.832 125.227 73.204
202212 68.426 125.222 70.720
202303 68.444 127.348 69.557
202306 66.465 128.729 66.822
202309 67.387 129.860 67.159
202312 68.504 129.419 68.504

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.


Mesa Laboratories  (FRA:MLI) 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.


Mesa Laboratories Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Mesa Laboratories's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mesa Laboratories (FRA:MLI) Business Description

Industry
Traded in Other Exchanges
Address
12100 West Sixth Avenue, Lakewood, CO, USA, 80228
Mesa Laboratories Inc manufactures life sciences tools and critical quality control products. It operates in 4 divisions: Sterilization and Disinfection Control, which manufactures and sells biological, cleaning, and chemical indicators. It also provides testing and laboratory services, mainly to the dental industry; Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions; Calibration Solutions division develops, manufactures, and sells quality control and calibration products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters for health and safety purposes; and Clinical Genomics. Its geographical segments include United States and Foreign.

Mesa Laboratories (FRA:MLI) Headlines

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