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Middlefield Banc (Middlefield Banc) Cyclically Adjusted Book per Share : $24.00 (As of Mar. 2024)


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What is Middlefield Banc 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.

Middlefield Banc's adjusted book value per share for the three months ended in Mar. 2024 was $25.483. 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 $24.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Middlefield Banc's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. 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 Middlefield Banc was 9.10% per year. The lowest was 3.80% per year. And the median was 6.10% per year.

As of today (2024-05-23), Middlefield Banc's current stock price is $22.45. Middlefield Banc's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $24.00. Middlefield Banc's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Middlefield Banc was 1.88. The lowest was 0.81. And the median was 1.25.


Middlefield Banc Cyclically Adjusted Book per Share Historical Data

The historical data trend for Middlefield Banc'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.

Middlefield Banc Cyclically Adjusted Book per Share Chart

Middlefield Banc 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 17.06 18.02 20.13 21.94 23.40

Middlefield Banc 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 22.47 22.90 23.27 23.40 24.00

Competitive Comparison of Middlefield Banc's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Middlefield Banc'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.


Middlefield Banc's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Middlefield Banc's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Middlefield Banc 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, Middlefield Banc'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)
=25.483/131.7762*131.7762
=25.483

Current CPI (Mar. 2024) = 131.7762.

Middlefield Banc Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.483 100.560 18.979
201409 15.012 100.428 19.698
201412 15.558 99.070 20.694
201503 15.958 99.621 21.109
201506 15.711 100.684 20.563
201509 16.240 100.392 21.317
201512 16.595 99.792 21.914
201603 16.940 100.470 22.218
201606 17.264 101.688 22.372
201609 17.371 101.861 22.473
201612 17.001 101.863 21.994
201703 17.712 102.862 22.691
201706 18.246 103.349 23.265
201709 18.430 104.136 23.322
201712 18.625 104.011 23.597
201803 18.640 105.290 23.329
201806 18.975 106.317 23.519
201809 19.191 106.507 23.744
201812 19.771 105.998 24.579
201903 20.222 107.251 24.846
201906 20.703 108.070 25.245
201909 21.160 108.329 25.740
201912 21.448 108.420 26.068
202003 20.832 108.902 25.208
202006 22.089 108.767 26.762
202009 22.272 109.815 26.726
202012 22.543 109.897 27.031
202103 22.802 111.754 26.887
202106 23.497 114.631 27.011
202109 24.125 115.734 27.469
202112 24.680 117.630 27.648
202203 23.435 121.301 25.459
202206 22.068 125.017 23.261
202209 21.300 125.227 22.414
202212 23.976 125.222 25.231
202303 24.128 127.348 24.967
202306 24.383 128.729 24.960
202309 23.942 129.860 24.295
202312 25.408 129.419 25.871
202403 25.483 131.776 25.483

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


Middlefield Banc  (NAS:MBCN) 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.

Middlefield Banc's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.45/24
=0.94

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Middlefield Banc was 1.88. The lowest was 0.81. And the median was 1.25.


Be Aware

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


Middlefield Banc Cyclically Adjusted Book per Share Related Terms

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


Middlefield Banc (Middlefield Banc) Business Description

Industry
Traded in Other Exchanges
N/A
Address
15985 East High Street, Middlefield, OH, USA, 44062-0035
Middlefield Banc Corp is a United States-based bank holding company. It offers customers banking services, including checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, and other services. It also maintains, manages, and disposes of nonperforming loans and other real estate owned.
Executives
Jennifer L Moeller director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Heslop James R Ii director, officer: Exec. Vice President/COO
Thomas M Wilson officer: EVP/Corporate Development 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Robert J Dawson officer: EVP/Chief Lending Officer 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Michael C Voinovich director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Zimmerly Ronald Len Jr. director 4427 COUNTY ROAD 55, BELLEFONTAINE OH 43311
William J Skidmore director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Mark Ramsey Watkins director 9551 TOWNSHIP ROAD 179, KENTON OH 43326
Spencer Cohn director 1682 EL CAMINO REAL, SUITE 320, SAN DIEGO CA 92130
Kenneth E Jones director 2003 HAVENSWOOD PLACE, BLACKLICK OH 43004
Kevin A Digeronimo director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Darryl E Mast director
Robert W Toth director 15985 EAST HIGH STREET, POST OFFICE BOX 35, MIDDLEFIELD OH 44062
Rose Clayton W Iii director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Adam T Cook officer: Senior Vice President 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062