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Malek Spinning Mills (DHA:MALEKSPIN) Cyclically Adjusted PB Ratio : 0.68 (As of Apr. 29, 2024)


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What is Malek Spinning Mills Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Malek Spinning Mills's current share price is BDT37.10. Malek Spinning Mills's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was BDT54.47. Malek Spinning Mills's Cyclically Adjusted PB Ratio for today is 0.68.

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

DHA:MALEKSPIN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.51   Max: 0.81
Current: 0.68

During the past years, Malek Spinning Mills's highest Cyclically Adjusted PB Ratio was 0.81. The lowest was 0.45. And the median was 0.51.

DHA:MALEKSPIN's Cyclically Adjusted PB Ratio is ranked better than
66.1% of 643 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.96 vs DHA:MALEKSPIN: 0.68

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.

Malek Spinning Mills's adjusted book value per share data for the three months ended in Dec. 2023 was BDT50.831. 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 BDT54.47 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Malek Spinning Mills Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Malek Spinning Mills'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.

Malek Spinning Mills Cyclically Adjusted PB Ratio Chart

Malek Spinning Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.55 0.50

Malek Spinning Mills Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.51 0.50 0.50 0.49 0.50

Competitive Comparison of Malek Spinning Mills's Cyclically Adjusted PB Ratio

For the Textile Manufacturing subindustry, Malek Spinning Mills'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.


Malek Spinning Mills's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Malek Spinning Mills's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Malek Spinning Mills's Cyclically Adjusted PB Ratio falls into.



Malek Spinning Mills 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.

Malek Spinning Mills's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.10/54.47
=0.68

* 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.

Malek Spinning Mills's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Malek Spinning Mills's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=50.831/129.4194*129.4194
=50.831

Current CPI (Dec. 2023) = 129.4194.

Malek Spinning Mills Quarterly Data

Book Value per Share CPI Adj_Book
201403 44.155 99.695 57.320
201406 43.883 100.560 56.477
201409 45.516 100.428 58.656
201412 45.897 99.070 59.957
201503 45.295 99.621 58.843
201506 44.830 100.684 57.625
201509 45.050 100.392 58.076
201512 45.566 99.792 59.094
201603 44.854 100.470 57.778
201606 45.150 101.688 57.463
201609 45.352 101.861 57.622
201612 45.687 101.863 58.047
201703 44.955 102.862 56.562
201706 45.195 103.349 56.596
201709 45.301 104.136 56.300
201712 45.690 104.011 56.851
201803 45.030 105.290 55.350
201806 45.363 106.317 55.220
201809 45.633 106.507 55.450
201812 46.149 105.998 56.346
201903 44.948 107.251 54.239
201906 45.127 108.070 54.042
201909 45.364 108.329 54.196
201912 45.769 108.420 54.634
202003 44.809 108.902 53.251
202006 42.902 108.767 51.048
202009 43.330 109.815 51.065
202012 43.927 109.897 51.730
202103 44.887 111.754 51.982
202106 46.266 114.631 52.235
202109 47.135 115.734 52.709
202112 48.186 117.630 53.016
202203 48.171 121.301 51.395
202206 48.910 125.017 50.632
202209 50.117 125.227 51.795
202212 49.579 125.222 51.241
202303 46.784 127.348 47.545
202306 46.774 128.729 47.025
202309 48.671 129.860 48.506
202312 50.831 129.419 50.831

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.


Malek Spinning Mills  (DHA:MALEKSPIN) 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.


Malek Spinning Mills Cyclically Adjusted PB Ratio Related Terms

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


Malek Spinning Mills (DHA:MALEKSPIN) Business Description

Traded in Other Exchanges
N/A
Address
Tower-117, 117/A, Tejgaon Industrial Area, Dhaka, BGD, 1208
Malek Spinning Mills Ltd is engaged in producing combed and carded yarn. Some of its products include greige yarn, denim fabric, knitted garments, sweater garments, and denim garments.

Malek Spinning Mills (DHA:MALEKSPIN) Headlines

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