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The Coretec Group (The Coretec Group) Cyclically Adjusted Book per Share : $-0.14 (As of Mar. 2024)


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What is The Coretec Group Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

The Coretec Group's adjusted book value per share for the three months ended in Mar. 2024 was $-0.001. 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 $-0.14 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of The Coretec Group was 56.80% per year. The lowest was 46.10% per year. And the median was 50.75% per year.

As of today (2024-05-28), The Coretec Group's current stock price is $0.014. The Coretec Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $-0.14. The Coretec Group's Cyclically Adjusted PB Ratio of today is .


The Coretec Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Coretec Group's Cyclically Adjusted Book per Share 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.

The Coretec Group Cyclically Adjusted Book per Share Chart

The Coretec Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.49 -2.54 -1.89 -0.80 -

The Coretec Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 -0.32 -0.23 - -0.14

Competitive Comparison of The Coretec Group's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, The Coretec Group'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.


The Coretec Group's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, The Coretec Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Coretec Group Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, The Coretec Group'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)
=-0.001/131.7762*131.7762
=-0.001

Current CPI (Mar. 2024) = 131.7762.

The Coretec Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 -1.111 100.560 -1.456
201409 -0.859 100.428 -1.127
201412 -0.528 99.070 -0.702
201503 -0.458 99.621 -0.606
201506 -0.385 100.684 -0.504
201509 -0.348 100.392 -0.457
201512 -0.030 99.792 -0.040
201603 -0.095 100.470 -0.125
201606 -0.125 101.688 -0.162
201609 0.081 101.861 0.105
201612 0.001 101.863 0.001
201703 -0.036 102.862 -0.046
201706 -0.117 103.349 -0.149
201709 -0.019 104.136 -0.024
201712 -0.008 104.011 -0.010
201803 -0.012 105.290 -0.015
201806 -0.014 106.317 -0.017
201809 -0.018 106.507 -0.022
201812 -0.021 105.998 -0.026
201903 -0.025 107.251 -0.031
201906 -0.029 108.070 -0.035
201909 -0.030 108.329 -0.036
201912 0.004 108.420 0.005
202003 0.004 108.902 0.005
202006 0.004 108.767 0.005
202009 0.003 109.815 0.004
202012 0.003 109.897 0.004
202103 0.019 111.754 0.022
202106 0.018 114.631 0.021
202109 0.016 115.734 0.018
202112 0.015 117.630 0.017
202203 0.013 121.301 0.014
202206 0.011 125.017 0.012
202209 0.009 125.227 0.009
202212 0.007 125.222 0.007
202303 0.005 127.348 0.005
202306 0.003 128.729 0.003
202309 0.001 129.860 0.001
202312 0.000 129.419 0.000
202403 -0.001 131.776 -0.001

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


The Coretec Group  (OTCPK:CRTG) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


The Coretec Group Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of The Coretec Group's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


The Coretec Group (The Coretec Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
600 South Wagner Road, Ann Arbor, MI, USA, 48103
The Coretec Group Inc is technology company. The company is currently developing, testing, and providing new and/or improved technologies, products, and service solutions for energy-related industries including, but not limited to oil/gas, renewable energy, and distributed energy industries. Many of these technologies and products also have applications for medical, electronic, photonic, display, and lighting markets among others. The company's product portfolio includes Endurion, Coretec HexaSilane, CSpace, and other Technologies which are based on the production of silicon products.
Executives
Victor F Keen director C/O RESEARCH FRONTIERS INC., 240 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Simon Calton director, 10 percent owner C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Matthew Joseph Kappers director, officer: Chief Executive Officer C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Matthew Leo Hoffman officer: Chief Financial Officer 333 JACKSON PLAZA, SUITE 1200, ANN ARBOR MI 48103
Michael Anthony Kraft officer: Chief Executive Officer 3169 REDHILL AVENUE, COSTA MESA CA 92626
Dennis Keith Anderson director, 10 percent owner C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Ronald Dombrowski director C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Doug Freitag director, officer: Chief Executive Officer C/O 3DICON CORPORATION, 505 BROADWAY, S.208, FARGO ND 58102
Ronald Wayne Robinson officer: Chief Financial Officer 6804 SOUTH CANTON AVENUE, SUITE 150, TULSA OK 74136
Anthony Martin Keating director 7507 SOUTH SANDUSKY AVENUE, TULSA OK 74136
John Michael Oconnor director 2828 E. 34, TULSA OK 74105
Chris Dunstan officer: Chief Financial Officer
Sidney A Aroesty director DIAGNOSTIC PRODUCTS CORP, 5700 WEST 96TH STREET, LOS ANGELES CA 90045
Keating Judith Faye Snider other: Corporate Secretary 7507 SOUTH SANDUSKY AVENUE, TULSA OK 74136
Mark G Willner officer: Chief Executive Officer 543 MONROE STREET, DENVER CO 80206