MAXD (Max Sound) Cyclically Adjusted PB Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Max Sound Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Max Sound  (OTCPK:MAXD) 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.


Max Sound Cyclically Adjusted PB Ratio Related Terms


Max Sound Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Max Sound'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.

Max Sound Cyclically Adjusted PB Ratio Chart

Max Sound Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Max Sound Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 0.00 0.00 0.00 0.00

MAXD vs ABQQ, IWSY, RETC: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Max Sound'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.


Max Sound Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Max Sound's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Max Sound 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.

Max Sound's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2022 is calculated as:

For example, Max Sound's adjusted Book Value per Share data for the three months ended in Jun. 2022 was:

Adj_Book=Book Value per Share/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=-0.002/296.3110*296.3110
=-0.002

Current CPI (Jun. 2022) = 296.3110.

Max Sound Quarterly Data

Book Value per Share CPI Adj_Book
201209 0.025 231.407 0.032
201212 0.056 229.601 0.072
201303 0.054 232.773 0.069
201306 0.051 233.504 0.065
201309 0.049 234.149 0.062
201312 0.046 233.049 0.058
201403 0.037 236.293 0.046
201406 0.044 238.343 0.055
201409 0.039 238.031 0.049
201412 0.034 234.812 0.043
201503 0.042 236.119 0.053
201506 0.036 238.638 0.045
201509 0.028 237.945 0.035
201512 -0.014 236.525 -0.018
201603 -0.015 238.132 -0.019
201606 -0.011 241.018 -0.014
201609 -0.013 241.428 -0.016
201612 -0.011 241.432 -0.014
201703 -0.010 243.801 -0.012
201706 -0.009 244.955 -0.011
201709 -0.006 246.819 -0.007
201712 -0.006 246.524 -0.007
201803 -0.005 249.554 -0.006
201806 -0.003 251.989 -0.004
201809 -0.002 252.439 -0.002
201812 -0.004 251.233 -0.005
201903 -0.004 254.202 -0.005
201906 -0.004 256.143 -0.005
201909 -0.003 256.759 -0.003
201912 -0.002 256.974 -0.002
202003 -0.002 258.115 -0.002
202006 -0.002 257.797 -0.002
202009 -0.002 260.280 -0.002
202012 -0.002 260.474 -0.002
202103 -0.002 264.877 -0.002
202106 -0.002 271.696 -0.002
202109 -0.002 274.310 -0.002
202112 -0.002 278.802 -0.002
202203 -0.002 287.504 -0.002
202206 -0.002 296.311 -0.002

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.


Max Sound Business Description

Address 3525 Del Mar Heights Road, No. 802, San Diego, CA, USA, 92130
Max Sound Corp sells, and licenses products and services based on its patent MAX-D HD Audio Technology for sound recording and playback that improves the listener's experience. The MAXD-D HD Audio Technology converts audio files into high definition sound without increasing the file size. Its products and services are provided to various markets including motion picture, music recording, video game, broadcasting, internet video and audio, automobile infotainment systems, and consumer electronics. The company derives its revenue by licensing its MAX-D technology.