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MEC Co (TSE:4971) Cyclically Adjusted PB Ratio : 2.50 (As of Jun. 02, 2025)


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What is MEC Co Cyclically Adjusted PB Ratio?

As of today (2025-06-02), MEC Co's current share price is 円2542.00. MEC Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円1,016.18. MEC Co's Cyclically Adjusted PB Ratio for today is 2.50.

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

TSE:4971' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.76   Med: 3.42   Max: 6.29
Current: 2.56

During the past years, MEC Co's highest Cyclically Adjusted PB Ratio was 6.29. The lowest was 1.76. And the median was 3.42.

TSE:4971's Cyclically Adjusted PB Ratio is ranked worse than
66.5% of 1170 companies
in the Chemicals industry
Industry Median: 1.6 vs TSE:4971: 2.56

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.

MEC Co's adjusted book value per share data for the three months ended in Dec. 2024 was 円1,436.436. 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 円1,016.18 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MEC Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MEC 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.

* Premium members only.

MEC Co Cyclically Adjusted PB Ratio Chart

MEC Co Annual Data
Trend Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 5.75 2.59 4.88 3.45

MEC Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.88 4.46 4.83 3.76 3.45

Competitive Comparison of MEC Co's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, MEC 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.


MEC Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, MEC Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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MEC Co 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.

MEC Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2542.00/1016.18
=2.50

* 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.

MEC Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, MEC Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1436.436/110.7000*110.7000
=1,436.436

Current CPI (Dec. 2024) = 110.7000.

MEC Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 599.854 97.900 678.282
201506 609.940 98.400 686.183
201509 629.562 98.500 707.538
201512 611.592 98.100 690.145
201603 632.412 97.900 715.097
201606 626.551 98.100 707.025
201609 627.072 98.000 708.335
201612 651.473 98.400 732.907
201703 683.865 98.100 771.701
201706 694.794 98.500 780.850
201709 727.440 98.800 815.057
201712 760.925 99.400 847.429
201803 756.977 99.200 844.731
201806 780.343 99.200 870.806
201809 801.679 99.900 888.347
201812 799.450 99.700 887.654
201903 797.671 99.700 885.679
201906 794.692 99.800 881.487
201909 807.335 100.100 892.827
201912 847.929 100.500 933.987
202003 839.665 100.300 926.729
202006 871.818 99.900 966.069
202009 884.713 99.900 980.358
202012 920.585 99.300 1,026.271
202103 964.785 99.900 1,069.086
202106 1,012.728 99.500 1,126.724
202109 1,042.733 100.100 1,153.152
202112 1,102.809 100.100 1,219.590
202203 1,139.382 101.100 1,247.573
202206 1,200.251 101.800 1,305.185
202209 1,215.889 103.100 1,305.518
202212 1,226.973 104.100 1,304.764
202303 1,217.420 104.400 1,290.885
202306 1,273.824 105.200 1,340.421
202309 1,293.501 106.200 1,348.310
202312 1,323.226 106.800 1,371.546
202403 1,353.640 107.200 1,397.835
202406 1,438.319 108.200 1,471.552
202409 1,409.792 108.900 1,433.094
202412 1,436.436 110.700 1,436.436

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.


MEC Co  (TSE:4971) 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.


MEC Co Cyclically Adjusted PB Ratio Related Terms

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


MEC Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-4-1, Kuise Minamishimmachi, Hyogo, Amagasaki, JPN, 660-0822
MEC Co Ltd is a Japan-based chemical manufacturer. The company mainly develops, manufactures, and sells chemicals to produce printed circuit boards. Products offered by the company include dry film pretreatment, solar mask pretreatment, microetching, metal resist stripping, among others. Its products are used in automobile, smartphone, and computer. MEC also serves customers in Continental Asia, Europe, America's, India, The Middle-East, and North-Africa.

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