Modec (MDIKF) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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.

MDIKF Modec Inc MDIKF
64 GF Score
Price $82.01
GF Value $30.29
! 2 Warning Signs
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What is Modec Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Modec  (OTCPK:MDIKF) 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.


Modec Cyclically Adjusted PB Ratio Related Terms


Modec Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Modec'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.

Modec Cyclically Adjusted PB Ratio Chart

Modec Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.70 1.13 1.52 5.10

Modec Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.75 3.63 5.10 6.20 0.00

MDIKF vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Modec'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.


Modec Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Modec's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MDIKF
64GF Score
Modec Inc MDIKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Modec 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.

Modec's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Modec's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=24.11/113.6000*113.6000
=24.110

Current CPI (Jun. 2026) = 113.6000.

Modec Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.529 98.000 18.001
201612 18.652 98.400 21.533
201703 19.147 98.100 22.172
201706 19.164 98.500 22.102
201709 20.194 98.800 23.219
201712 21.465 99.400 24.531
201803 21.659 99.200 24.803
201806 22.899 99.200 26.223
201809 23.380 99.900 26.586
201812 24.526 99.700 27.945
201903 23.710 99.700 27.016
201906 22.857 99.800 26.018
201909 21.436 100.100 24.327
201912 19.002 100.500 21.479
202003 15.425 100.300 17.470
202006 15.368 99.900 17.476
202009 16.147 99.900 18.361
202012 15.064 99.300 17.233
202103 17.219 99.900 19.580
202106 16.531 99.500 18.874
202109 15.133 100.100 17.174
202112 9.448 100.100 10.722
202203 10.748 101.100 12.077
202206 12.478 101.800 13.924
202209 13.763 103.100 15.165
202212 14.398 104.100 15.712
202303 13.816 104.400 15.034
202306 13.740 105.200 14.837
202309 14.535 106.200 15.548
202312 14.535 106.800 15.460
202403 15.655 107.200 16.590
202406 16.175 108.200 16.982
202409 15.925 108.900 16.612
202412 17.281 110.700 17.734
202503 17.519 111.100 17.913
202506 18.758 111.700 19.077
202509 19.587 112.000 19.867
202512 21.258 113.000 21.371
202603 22.165 112.700 22.342
202606 24.110 113.600 24.110

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.

Is Modec (MDIKF) Overvalued in 2026?

Based on GuruFocus' analysis, Modec stock appears to be overvalued. The current stock price of $82.01 is trading 170.7% above its estimated GF Value™ of $30.29.

Key valuation signals for MDIKF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $30.29 vs. price of $82.01 (170.7% above fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the MDIKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modec Business Description

Industry EnergyOil & Gas
Other Exchanges 6269:Japan
Address 3-10 Nihonbashi Maruzen Tokyu Building 4th & 5th Floors, 2-chome Chuo-ku, Nihonbashi, Tokyo, JPN, 100-0027
Modec Inc operates as a general contractor with specialization in engineering, procurement, construction, and installation of floating production systems. It offers floating production storage and offloading vessels, floating storage and offloading vessels, tension leg platforms, semisubmersibles, and mobile offshore production units. The company also offers operation of its production systems and maintenance services across the globe. Although Modec services offshore markets worldwide, the majority of revenue is derived from Brazilian markets. Modec's vessels are designed to retrieve fluids and gases from reservoirs ranging from subsea to deepwater.
64GF Score

Get the complete analysis for MDIKF

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$82.01
Price
$30.29
GF Value