MPZAY (Mips AB) Cyclically Adjusted PB Ratio: (As of Jul. 16, 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.

MPZAY Mips AB MPZAY
70 GF Score
Price $17.90
GF Value $35.92
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Mips AB Cyclically Adjusted PB Ratio?

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
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 25.32 18.95 19.11 12.33 0.00

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
70GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mips AB'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)
=1.234/134.1100*134.1100
=1.234

Current CPI (Jun. 2026) = 134.1100.

Mips AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 0.123 102.022 0.162
201703 0.443 102.022 0.582
201706 0.481 102.752 0.628
201709 0.519 103.279 0.674
201712 0.519 103.793 0.671
201803 0.530 103.962 0.684
201806 0.530 104.875 0.678
201809 0.559 105.679 0.709
201812 0.603 105.912 0.764
201903 0.603 105.886 0.764
201906 0.526 106.742 0.661
201909 0.534 107.214 0.668
201912 0.624 107.766 0.777
202003 0.692 106.563 0.871
202006 0.656 107.498 0.818
202009 0.785 107.635 0.978
202012 0.973 108.296 1.205
202103 1.004 108.360 1.243
202106 0.939 108.928 1.156
202109 1.100 110.338 1.337
202112 1.212 112.486 1.445
202203 1.252 114.825 1.462
202206 1.081 118.384 1.225
202209 1.035 122.296 1.135
202212 1.152 126.365 1.223
202303 1.176 127.042 1.241
202306 0.930 129.407 0.964
202309 1.064 130.224 1.096
202312 1.209 131.912 1.229
202403 1.216 132.205 1.234
202406 0.992 132.716 1.002
202409 1.081 132.304 1.096
202412 1.101 132.987 1.110
202503 1.205 132.825 1.217
202506 0.994 133.699 0.997
202509 1.079 133.480 1.084
202512 1.141 133.390 1.147
202603 1.224 133.560 1.229
202606 1.234 134.110 1.234

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 Mips AB (MPZAY) Overvalued in 2026?

Based on GuruFocus' analysis, Mips AB stock appears to be undervalued. The current stock price of $17.90 is trading 50.2% below its estimated GF Value™ of $35.92. GuruFocus considers Mips AB to be Significantly Undervalued.

Key valuation signals for MPZAY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $35.92 vs. price of $17.90 (50.2% below fair value)
  • GF Score™: 70/100 with 5 warning signs

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.
70GF 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.

$17.90
Price
$35.92
GF Value