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Master Drilling Group (JSE:MDI) Cyclically Adjusted PB Ratio : 0.73 (As of Jun. 01, 2025)


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What is Master Drilling Group Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Master Drilling Group's current share price is R14.69. Master Drilling Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was R20.09. Master Drilling Group's Cyclically Adjusted PB Ratio for today is 0.73.

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

JSE:MDI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.77   Max: 1.06
Current: 0.73

During the past 13 years, Master Drilling Group's highest Cyclically Adjusted PB Ratio was 1.06. The lowest was 0.60. And the median was 0.77.

JSE:MDI's Cyclically Adjusted PB Ratio is ranked better than
66.77% of 1264 companies
in the Construction industry
Industry Median: 1.09 vs JSE:MDI: 0.73

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.

Master Drilling Group's adjusted book value per share data of for the fiscal year that ended in Dec24 was R22.650. 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 R20.09 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Master Drilling Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Master Drilling Group'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.

Master Drilling Group Cyclically Adjusted PB Ratio Chart

Master Drilling Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.80 0.88 0.73 0.68

Master Drilling Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.88 - 0.73 - 0.68

Competitive Comparison of Master Drilling Group's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Master Drilling Group'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.


Master Drilling Group's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Master Drilling Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Master Drilling Group's Cyclically Adjusted PB Ratio falls into.


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Master Drilling Group 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.

Master Drilling Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.69/20.09
=0.73

* 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.

Master Drilling Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Master Drilling Group's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=22.65/157.2121*157.2121
=22.650

Current CPI (Dec24) = 157.2121.

Master Drilling Group Annual Data

Book Value per Share CPI Adj_Book
201512 10.317 101.808 15.932
201612 12.135 109.002 17.502
201712 13.447 113.907 18.559
201812 14.831 118.921 19.606
201912 15.796 123.717 20.073
202012 16.370 127.467 20.190
202112 18.547 135.029 21.594
202212 19.753 145.156 21.394
202312 22.741 152.718 23.410
202412 22.650 157.212 22.650

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.


Master Drilling Group  (JSE:MDI) 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.


Master Drilling Group Cyclically Adjusted PB Ratio Related Terms

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


Master Drilling Group Business Description

Traded in Other Exchanges
Address
4 Bosman Street, PO Box 902, Fochville, GT, ZAF, 2515
Master Drilling Group Ltd is a drilling services company. It offers drilling services to mid-tier and junior mining companies across a range of commodities and resources. The company comprises of two main operational sub-groups - South African operations and international operations. Its services offering include Raiseboring, Boxhole borning, Exploration drilling, and value-added services. Geographically, the company generates a majority share of its revenue from Africa and America.

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