MPZAY (Mips AB) Cyclically Adjusted PB Ratio: 11.42 (As of Jul. 15, 2026) — 39% Below Median

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MPZAY Mips AB MPZAY
66 GF Score
Price $13.25
GF Value $35.88
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Mips AB Cyclically Adjusted PB Ratio?

Mips AB MPZAY 66 Cyclically Adjusted PB Ratio is 11.42 as of Jul. 15, 2026, which is 39% below its 10-year median of 18.73. GuruFocus rates MPZAY with a GF Score™ of 66/100 and a GF Value™ of $35.88 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 649 Travel & Leisure companies, Mips AB ranks worse than 97.38% on this metric.

As of today (2026-07-15), Mips AB's current share price is $13.25. Mips AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.16. Mips AB's Cyclically Adjusted PB Ratio for today is 11.42.

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

MPZAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.46   Med: 18.73   Max: 27.01
Current: 14.57

During the past years, Mips AB's highest Cyclically Adjusted PB Ratio was 27.01. The lowest was 11.46. And the median was 18.73.

MPZAY's Cyclically Adjusted PB Ratio is ranked worse than
97.38% of 649 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs MPZAY: 14.57

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.

Mips AB's adjusted book value per share data for the three months ended in Mar. 2026 was $1.224. 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 $1.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mips AB  (OTCPK:MPZAY) 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.


Mips AB Cyclically Adjusted PB Ratio Related Terms


Mips AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mips AB'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.

Mips AB Cyclically Adjusted PB Ratio Chart

Mips AB 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 0.00 0.00 0.00 0.00 19.11

Mips AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 22.13 25.32 18.95 19.11 12.33

MPZAY vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Mips AB'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.


Mips AB Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mips AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MPZAY
66GF Score
Mips AB MPZAY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mips AB 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.

Mips AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.25/1.16
=11.42

* 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.

Mips AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.224/133.5600*133.5600
=1.224

Current CPI (Mar. 2026) = 133.5600.

Mips AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 101.019 0.000
201609 0.000 101.138 0.000
201612 0.123 102.022 0.161
201703 0.443 102.022 0.580
201706 0.481 102.752 0.625
201709 0.519 103.279 0.671
201712 0.519 103.793 0.668
201803 0.530 103.962 0.681
201806 0.530 104.875 0.675
201809 0.559 105.679 0.706
201812 0.603 105.912 0.760
201903 0.603 105.886 0.761
201906 0.526 106.742 0.658
201909 0.534 107.214 0.665
201912 0.624 107.766 0.773
202003 0.692 106.563 0.867
202006 0.656 107.498 0.815
202009 0.785 107.635 0.974
202012 0.973 108.296 1.200
202103 1.004 108.360 1.237
202106 0.939 108.928 1.151
202109 1.100 110.338 1.332
202112 1.212 112.486 1.439
202203 1.252 114.825 1.456
202206 1.081 118.384 1.220
202209 1.035 122.296 1.130
202212 1.152 126.365 1.218
202303 1.176 127.042 1.236
202306 0.930 129.407 0.960
202309 1.064 130.224 1.091
202312 1.209 131.912 1.224
202403 1.216 132.205 1.228
202406 0.992 132.716 0.998
202409 1.081 132.304 1.091
202412 1.101 132.987 1.106
202503 1.205 132.825 1.212
202506 0.994 133.699 0.993
202509 1.079 133.480 1.080
202512 1.141 133.390 1.142
202603 1.224 133.560 1.224

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.

What does a Cyclically Adjusted PB Ratio of 11.42 mean?
Mips AB (MPZAY) has a Cyclically Adjusted PB Ratio of 11.42 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Mips AB and its competitors. This is 39% below median its historical median of 18.73. Over the past decade, Mips AB's Cyclically Adjusted PB Ratio has ranged from 11.46 to 27.01. According to the industry distribution chart, Mips AB ranks #632 out of 649 companies in the Travel & Leisure industry, placing it in the top 97.4%.
Is Mips AB's Cyclically Adjusted PB Ratio too high?
Mips AB's current Cyclically Adjusted PB Ratio of 11.42 is 39% below median its 10-year median of 18.73. Over the past 10 years, this metric has ranged from a low of 11.46 to a high of 27.01. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Mips AB's value of 11.42 is 828.5% above this industry median. Based on the distribution chart, Mips AB ranks #632 out of 649 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Mips AB has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mips AB's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Mips AB ranks #632 out of 649 companies for Cyclically Adjusted PB Ratio. This places Mips AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Mips AB's value of 11.42 is 828.5% above this benchmark. Historically, Mips AB's own Cyclically Adjusted PB Ratio has ranged from 11.46 to 27.01 over the past decade. While the company's 10-year median is 18.73 vs. the industry median of 1.23, Mips AB has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mips AB's current Cyclically Adjusted PB Ratio of 11.42 is 828.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Mips AB and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mips AB's current Cyclically Adjusted PB Ratio is 11.42, which is 39% below median its own 10-year median of 18.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mips AB stock overvalued right now?
Based on GuruFocus' analysis, Mips AB (MPZAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $35.88, compared to a current price of $13.25 — trading 63.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.42, which is 39% below median its 10-year median of 18.73 and 828.5% above the Travel & Leisure industry median of 1.23. Mips AB's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Mips AB (MPZAY), the current Cyclically Adjusted PB Ratio is 11.42 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mips AB (MPZAY) Overvalued in 2026?

Based on GuruFocus' analysis, Mips AB stock appears to be undervalued. The current stock price of $13.25 is trading 63.1% below its estimated GF Value™ of $35.88. GuruFocus considers Mips AB to be Significantly Undervalued.

Key valuation signals for MPZAY:

  • Cyclically Adjusted PB Ratio: 11.42 (39% below median its 10-year median of 18.73)
  • GF Value™: $35.88 vs. price of $13.25 (63.1% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 828.5% above the Travel & Leisure median (#632 of 649)

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


Mips AB Business Description

Address Kemistvagen 1B, Taby, Stockholm, SWE, 183 79
Mips AB is a safety solutions provider that develops and sells the Mips safety system, comprising a low friction layer with different components that are designed for different helmet models. The system is adapted to different helmet models and is used by manufacturers in helmets for activities such as cycling, snow sports, motorcycling, and professional safety applications. The company sells its products and licenses the associated technology to helmet brands that manufacture, market, and sell helmets to end-users, directly or indirectly. Geographically, the company derives the majority of revenue from North America.
66GF Score

Get the complete analysis for MPZAY

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

$13.25
Price
$35.88
GF Value