Spectral Medical (TSX:EDT) Cyclically Adjusted PB Ratio : 25.00 (As of Jun. 20, 2024)

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What is Spectral Medical Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Spectral Medical's current share price is C$0.50. Spectral Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$0.02. Spectral Medical's Cyclically Adjusted PB Ratio for today is 25.00.

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

TSX:EDT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08 Med: 5.03 Max: 31.5
Current: 29.02

During the past years, Spectral Medical's highest Cyclically Adjusted PB Ratio was 31.50. The lowest was 1.08. And the median was 5.03.

TSX:EDT's Cyclically Adjusted PB Ratio is ranked worse than
97.79% of 136 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.935 vs TSX:EDT: 29.02

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.

Spectral Medical's adjusted book value per share data for the three months ended in Mar. 2024 was C$-0.072. 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 C$0.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Spectral Medical Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Spectral Medical'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.

Spectral Medical Cyclically Adjusted PB Ratio Chart

Spectral Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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8.48

6.77

5.13

12.30

22.20

Spectral Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															11.71	14.12	15.45	22.20	27.84

Competitive Comparison of Spectral Medical's Cyclically Adjusted PB Ratio

For the Diagnostics & Research subindustry, Spectral Medical'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.

Spectral Medical's Cyclically Adjusted PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Spectral Medical's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Spectral Medical 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.

Spectral Medical's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.50	/	0.02
	=	25.00

Spectral Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Spectral Medical's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	-0.072	/	126.2576	*	126.2576
	=	-0.072

Current CPI (Mar. 2024) = 126.2576.

Spectral Medical Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	0.002	99.473	0.003
201409	0.062	99.394	0.079
201412	0.049	98.367	0.063
201503	0.037	99.789	0.047
201506	0.055	100.500	0.069
201509	0.040	100.421	0.050
201512	0.028	99.947	0.035
201603	0.060	101.054	0.075
201606	0.044	102.002	0.054
201609	0.033	101.765	0.041
201612	0.029	101.449	0.036
201703	0.025	102.634	0.031
201706	0.020	103.029	0.025
201709	0.017	103.345	0.021
201712	0.014	103.345	0.017
201803	0.014	105.004	0.017
201806	0.029	105.557	0.035
201809	0.026	105.636	0.031
201812	0.028	105.399	0.034
201903	0.024	106.979	0.028
201906	0.021	107.690	0.025
201909	0.016	107.611	0.019
201912	0.010	107.769	0.012
202003	0.001	107.927	0.001
202006	0.012	108.401	0.014
202009	0.006	108.164	0.007
202012	-0.003	108.559	-0.003
202103	-0.001	110.298	-0.001
202106	-0.002	111.720	-0.002
202109	0.024	112.905	0.027
202112	0.015	113.774	0.017
202203	0.008	117.646	0.009
202206	-0.003	120.806	-0.003
202209	-0.013	120.648	-0.014
202212	-0.009	120.964	-0.009
202303	-0.016	122.702	-0.016
202306	-0.026	124.203	-0.026
202309	-0.036	125.230	-0.036
202312	-0.059	125.072	-0.060
202403	-0.072	126.258	-0.072

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.

Spectral Medical (TSX:EDT) 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.

Spectral Medical Cyclically Adjusted PB Ratio Related Terms

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

Spectral Medical (TSX:EDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Spectral Medical Inc (TSX:EDT) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

EDTXF:USA SD4:Germany

Address

135 - 2 The West Mall, Finance, Toronto, ON, CAN, M9C 1C2

Website

https://www.spectraldx.com

Spectral Medical Inc is focused on the development and commercialization of a treatment for septic shock utilizing its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic. The company also manufactures and sells proprietary reagents. The product line of the company consists of proprietary biochemical, EAA, and instrumentation. The company has one reporting segment Spectral Medical Inc. The Dialco Medical Inc. operations were considered discontinued by the company.

Executives

Anthony Phillip Bihl	Director
William Charles Stevens	Director