MICE Group (LSE:MEG) Cyclically Adjusted PB Ratio : (As of May. 19, 2024)

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What is MICE Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

MICE Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MICE 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.

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MICE Group Cyclically Adjusted PB Ratio Chart

MICE Group Annual Data

Trend

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Feb03

Feb04

Feb05

Feb06

Cyclically Adjusted PB Ratio

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MICE Group Quarterly Data
	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of MICE Group's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, MICE 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.

MICE Group's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MICE Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

MICE 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.

MICE Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb06 is calculated as:

For example, MICE Group's adjusted Book Value per Share data for the fiscal year that ended in Feb06 was:

Adj_Book	=	Book Value per Share	/	CPI of Feb06 (Change)	*	Current CPI (Feb06)
	=	0.333	/	80.2000	*	80.2000
	=	0.333

Current CPI (Feb06) = 80.2000.

MICE Group Annual Data

	Book Value per Share	CPI	Adj_Book
199512	0.069	67.500	0.082
199612	0.071	69.400	0.082
199712	0.101	70.700	0.115
199812	0.151	72.000	0.168
199912	0.329	73.100	0.361
200012	0.372	74.000	0.403
200302	0.523	76.100	0.551
200402	0.509	77.200	0.529
200502	0.427	78.500	0.436
200602	0.333	80.200	0.333

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.

MICE Group (LSE:MEG) 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.

MICE Group Cyclically Adjusted PB Ratio Related Terms

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MICE Group (LSE:MEG) Business Description

Industry

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Address

Website

http://www.micegroup.com

MICE Group PLC provides experiential marketing solutions for brands, delivering integrated business to business and business to consumer campaigns. It is currently organised into three operating divisions - International Division, UK Division and North American Division. International Division provides the provision of experiential brand and marketing communication programmes. UK Division is engaged in the provision of design, fabrication, production and project management solutions. North American Division is engaged in the provision of experiential brand and marketing programmes and production services. The group's operations are located in the United Kingdom, Continental Europe and North America.