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MRCY (Mercury Systems) Cyclically Adjusted PB Ratio : 1.87 (As of May. 13, 2025)


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What is Mercury Systems Cyclically Adjusted PB Ratio?

As of today (2025-05-13), Mercury Systems's current share price is $46.48. Mercury Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $24.83. Mercury Systems's Cyclically Adjusted PB Ratio for today is 1.87.

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

MRCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 3.12   Max: 6.68
Current: 1.87

During the past years, Mercury Systems's highest Cyclically Adjusted PB Ratio was 6.68. The lowest was 1.17. And the median was 3.12.

MRCY's Cyclically Adjusted PB Ratio is ranked better than
67% of 200 companies
in the Aerospace & Defense industry
Industry Median: 2.815 vs MRCY: 1.87

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.

Mercury Systems's adjusted book value per share data for the three months ended in Mar. 2025 was $24.657. 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 $24.83 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercury Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mercury Systems'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.

* Premium members only.

Mercury Systems Cyclically Adjusted PB Ratio Chart

Mercury Systems Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.42 3.94 3.25 1.59 1.14

Mercury Systems Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.27 1.14 1.54 1.73 1.74

Competitive Comparison of Mercury Systems's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Mercury Systems'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.


Mercury Systems's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mercury Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Mercury Systems 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.

Mercury Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.48/24.83
=1.87

* 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.

Mercury Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Mercury Systems's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=24.657/134.9266*134.9266
=24.657

Current CPI (Mar. 2025) = 134.9266.

Mercury Systems Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.750 100.684 14.406
201509 10.683 100.392 14.358
201512 10.874 99.792 14.702
201603 11.050 100.470 14.840
201606 12.231 101.688 16.229
201609 12.151 101.861 16.095
201612 12.352 101.863 16.361
201703 15.412 102.862 20.216
201706 15.667 103.349 20.454
201709 15.711 104.136 20.356
201712 15.998 104.011 20.753
201803 16.135 105.290 20.677
201806 16.450 106.317 20.877
201809 16.465 106.507 20.858
201812 16.849 105.998 21.447
201903 17.188 107.251 21.623
201906 23.683 108.070 29.569
201909 23.752 108.329 29.584
201912 24.140 108.420 30.042
202003 24.709 108.902 30.614
202006 25.315 108.767 31.403
202009 25.577 109.815 31.426
202012 25.951 109.897 31.862
202103 26.357 111.754 31.822
202106 26.867 114.631 31.624
202109 26.657 115.734 31.078
202112 26.755 117.630 30.689
202203 26.989 121.301 30.021
202206 27.607 125.017 29.795
202209 27.393 125.227 29.515
202212 27.395 125.222 29.518
202303 27.542 127.348 29.181
202306 27.504 128.729 28.828
202309 26.902 129.860 27.952
202312 26.136 129.419 27.248
202403 25.450 131.776 26.058
202406 25.352 132.554 25.806
202409 24.974 133.029 25.330
202412 24.894 133.157 25.225
202503 24.657 134.927 24.657

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.


Mercury Systems  (NAS:MRCY) 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.


Mercury Systems Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Mercury Systems's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mercury Systems Business Description

Traded in Other Exchanges
Address
50 Minuteman Road, Andover, MA, USA, 01810
Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates, and delivers secure open architecture solutions powering a broad range of mission-critical applications in challenging and demanding environments. Its Mercury Processing Platform spans the full breadth of signal processing from radio frequency front end to the human-machine interface to convert meaningful data, gathered in remote and hostile environments, into critical decisions. The company manufactures components, products, modules, and subsystems and sells to defense prime contractors, the U.S. government, original equipment manufacturers, and commercial aerospace companies. Geographically, it derives maximum revenue from the United States.
Executives
Wells Charles Roger Iv officer: EVP President Microelectronics 5255 GROVEMONT DRIVE, ELKRIDGE MD 21075
Debora A Plunkett director 6501 LEGACY DRIVE, PLANO TX 75024
Steven Ratner officer: EVP, CHRO C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
William L Ballhaus director, officer: President & CEO 3190 FAIRVIEW PARK DRIVE, SUITE 700, FALLS CHURCH VA 22042
David E. Farnsworth officer: EVP, CFO & Treasurer C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
Stephanie Georges officer: EVP, CCO 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Howard L Lance director C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Barry R Nearhos director C/O VIRTUSA CORPORATION, 200 WEST PARK DRIVE, WESTBOROUGH MA 01581
Michelle M Mccarthy officer: SVP, CAO 50 MINUTEMAN ROAD, ANDOVER MA 01810
Orlando D Carvalho director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Lisa S Disbrow director 50 MINUTEMAN ROAD, ANDOVER MA 01810
Allen Couture officer: EVP, Execution Excellence C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
James Mitch Stevison officer: EVP, President Mission Systems 103 SANSBERRY LANE, MADISON AL 35376
Christopher C Cambria officer: EVP, Gen Counsel & Secretary C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Jana Partners Llc director, other: See Remarks 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153