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As of today (2024-05-01), Singing Machine Co's current share price is $0.95. Singing Machine Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $6.08. Singing Machine Co's Cyclically Adjusted PB Ratio for today is 0.16.
The historical rank and industry rank for Singing Machine Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Singing Machine Co's highest Cyclically Adjusted PB Ratio was 37.39. The lowest was 0.11. And the median was 2.99.
MICS's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Singing Machine Co's adjusted book value per share data for the three months ended in Dec. 2023 was $1.181. 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 $6.08 for the trailing ten years ended in Dec. 2023.
The historical data trend for Singing Machine Co'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.
Singing Machine Co 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 | 0.75 | 0.26 | 0.22 | 0.16 | 0.17 |
For the Consumer Electronics subindustry, Singing Machine Co'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.
For the Hardware industry and Technology sector, Singing Machine Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Singing Machine Co's Cyclically Adjusted PB Ratio falls into.
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.
Singing Machine Co's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 0.95 | / | 6.08 | |
= | 0.16 |
* 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.
Singing Machine Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Singing Machine Co'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) |
= | 1.181 | / | 129.4194 | * | 129.4194 | |
= | 1.181 |
Current CPI (Dec. 2023) = 129.4194.
Singing Machine Co Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 2.923 | 99.695 | 3.795 |
201406 | 2.555 | 100.560 | 3.288 |
201409 | 2.812 | 100.428 | 3.624 |
201412 | 3.627 | 99.070 | 4.738 |
201503 | 3.090 | 99.621 | 4.014 |
201506 | 2.702 | 100.684 | 3.473 |
201509 | 3.549 | 100.392 | 4.575 |
201512 | 5.129 | 99.792 | 6.652 |
201603 | 4.442 | 100.470 | 5.722 |
201606 | 4.111 | 101.688 | 5.232 |
201609 | 5.549 | 101.861 | 7.050 |
201612 | 6.596 | 101.863 | 8.380 |
201703 | 5.835 | 102.862 | 7.341 |
201706 | 5.465 | 103.349 | 6.844 |
201709 | 6.124 | 104.136 | 7.611 |
201712 | 7.066 | 104.011 | 8.792 |
201803 | 6.117 | 105.290 | 7.519 |
201806 | 5.316 | 106.317 | 6.471 |
201809 | 6.275 | 106.507 | 7.625 |
201812 | 7.290 | 105.998 | 8.901 |
201903 | 6.629 | 107.251 | 7.999 |
201906 | 5.961 | 108.070 | 7.139 |
201909 | 6.450 | 108.329 | 7.706 |
201912 | 5.864 | 108.420 | 7.000 |
202003 | 4.426 | 108.902 | 5.260 |
202006 | 4.265 | 108.767 | 5.075 |
202009 | 6.138 | 109.815 | 7.234 |
202012 | 6.993 | 109.897 | 8.235 |
202103 | 6.078 | 111.754 | 7.039 |
202106 | 5.991 | 114.631 | 6.764 |
202109 | 8.498 | 115.734 | 9.503 |
202112 | 9.663 | 117.630 | 10.632 |
202203 | 8.218 | 121.301 | 8.768 |
202206 | 4.717 | 125.017 | 4.883 |
202209 | 4.807 | 125.227 | 4.968 |
202212 | 4.192 | 125.222 | 4.333 |
202303 | 3.262 | 127.348 | 3.315 |
202306 | 2.262 | 128.729 | 2.274 |
202309 | 2.293 | 129.860 | 2.285 |
202312 | 1.181 | 129.419 | 1.181 |
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.
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.
Thank you for viewing the detailed overview of Singing Machine Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jay B Foreman | director | 6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309 |
Stingray Group Inc. | 10 percent owner | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Ault Milton C Iii | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Bitnile Holdings, Inc. | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Henry Carl Nisser | director | 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017 |
James Michael Turner | director | 1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173 |
Kenneth S Cragun | director | 3775 CHIPPEWA CIRCLE, CORONA CA 92881 |
Mathieu Peloquin | director | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Eric Boyko | 10 percent owner | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Bernardo Melo | officer: VP Sales | 6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073 |
Joseph Kling | director | 5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496 |
Lau Sak Hong Aka Philip Lau | director | SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000 |
Gary Kevin Atkinson | officer: Secretary | 1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442 |
Carol Lau | director | THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073 |
Anton Handal | officer: CEO | 425 TYRONE STREET, EL CAJON CA 92020 |
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