MedMen Enterprises (XCNQ:MMEN) Cyclically Adjusted PB Ratio : 0.02 (As of Jun. 20, 2024)

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What is MedMen Enterprises Cyclically Adjusted PB Ratio?

As of today (2024-06-20), MedMen Enterprises's current share price is C$0.015. MedMen Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 was C$0.72. MedMen Enterprises's Cyclically Adjusted PB Ratio for today is 0.02.

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

XCNQ:MMEN's Cyclically Adjusted PB Ratio is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 1.85
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

MedMen Enterprises's adjusted book value per share data for the three months ended in Mar. 2023 was C$0.121. 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$0.72 for the trailing ten years ended in Mar. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

MedMen Enterprises Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MedMen Enterprises'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.

MedMen Enterprises Cyclically Adjusted PB Ratio Chart

MedMen Enterprises Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Cyclically Adjusted PB Ratio

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0.13

MedMen Enterprises Quarterly Data
	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.35	0.13	0.07	0.03	0.03

Competitive Comparison of MedMen Enterprises's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, MedMen Enterprises'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.

MedMen Enterprises's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, MedMen Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

MedMen Enterprises 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.

MedMen Enterprises's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.015	/	0.72
	=	0.02

MedMen Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, MedMen Enterprises's adjusted Book Value per Share data for the three months ended in Mar. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2023 (Change)	*	Current CPI (Mar. 2023)
	=	0.121	/	127.3478	*	127.3478
	=	0.121

Current CPI (Mar. 2023) = 127.3478.

MedMen Enterprises Quarterly Data

	Book Value per Share	CPI	Adj_Book
201304	0.192	98.107	0.249
201307	0.101	98.557	0.131
201310	-0.005	98.536	-0.006
201401	-0.080	98.692	-0.103
201404	-0.307	100.023	-0.391
201407	0.784	100.520	0.993
201410	0.692	100.176	0.880
201501	0.569	98.604	0.735
201504	0.543	99.824	0.693
201507	0.476	100.691	0.602
201510	0.427	100.346	0.542
201601	0.376	99.957	0.479
201604	0.313	100.947	0.395
201607	0.251	101.524	0.315
201610	0.193	101.988	0.241
201701	0.137	102.456	0.170
201704	0.072	103.167	0.089
201707	-0.015	103.278	-0.018
201710	-0.073	104.070	-0.089
201801	-0.150	104.578	-0.183
201804	0.796	105.708	0.959
201809	3.229	106.507	3.861
201812	3.794	105.998	4.558
201903	2.489	107.251	2.955
201906	1.850	108.070	2.180
201909	1.669	108.329	1.962
201912	1.315	108.420	1.545
202003	1.055	108.902	1.234
202006	0.535	108.767	0.626
202009	0.503	109.815	0.583
202012	0.414	109.897	0.480
202103	0.428	111.754	0.488
202106	0.322	114.631	0.358
202109	0.266	115.734	0.293
202112	0.250	117.630	0.271
202203	0.215	121.301	0.226
202206	0.149	125.017	0.152
202209	0.165	125.227	0.168
202212	0.153	125.222	0.156
202303	0.121	127.348	0.121

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.

MedMen Enterprises (XCNQ:MMEN) 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.

MedMen Enterprises Cyclically Adjusted PB Ratio Related Terms

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

MedMen Enterprises (XCNQ:MMEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MedMen Enterprises Inc (XCNQ:MMEN) » Definitions » Cyclically Adjusted PB Ratio

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Traded in Other Exchanges

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Address

10115 Jefferson Boulevard, Culver City, CA, USA, 90232

Website

https://www.medmen.com

MedMen Enterprises Inc formerly known as Ladera Ventures Corp is the preeminent cannabis company with multiple assets and operations in California, Nevada, and New York, which combined account for nearly half of North America's addressable legal market. The company owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail.

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