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Micro-Tech (Nanjing) Co (SHSE:688029) Cyclically Adjusted Book per Share : ¥12.46 (As of Mar. 2024)


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What is Micro-Tech (Nanjing) Co 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.

Micro-Tech (Nanjing) Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥19.810. 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 ¥12.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Micro-Tech (Nanjing) Co's average Cyclically Adjusted Book Growth Rate was 9.70% 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.

As of today (2024-06-10), Micro-Tech (Nanjing) Co's current stock price is ¥64.72. Micro-Tech (Nanjing) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥12.46. Micro-Tech (Nanjing) Co's Cyclically Adjusted PB Ratio of today is 5.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Micro-Tech (Nanjing) Co was 10.22. The lowest was 4.98. And the median was 7.32.


Micro-Tech (Nanjing) Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Micro-Tech (Nanjing) Co'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.

Micro-Tech (Nanjing) Co Cyclically Adjusted Book per Share Chart

Micro-Tech (Nanjing) Co 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 - - - 11.08 12.14

Micro-Tech (Nanjing) Co 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 11.36 11.57 11.92 12.14 12.46

Competitive Comparison of Micro-Tech (Nanjing) Co's Cyclically Adjusted Book per Share

For the Medical Instruments & Supplies subindustry, Micro-Tech (Nanjing) Co'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.


Micro-Tech (Nanjing) Co's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micro-Tech (Nanjing) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Micro-Tech (Nanjing) Co's Cyclically Adjusted PB Ratio falls into.



Micro-Tech (Nanjing) Co 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, Micro-Tech (Nanjing) Co'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)
=19.81/115.2271*115.2271
=19.810

Current CPI (Mar. 2024) = 115.2271.

Micro-Tech (Nanjing) Co Quarterly Data

Book Value per Share CPI Adj_Book
201009 0.000 87.267 0.000
201012 0.000 89.289 0.000
201103 0.000 91.154 0.000
201106 0.000 91.612 0.000
201109 0.000 92.711 0.000
201112 0.000 92.885 0.000
201203 0.000 94.367 0.000
201206 0.000 93.495 0.000
201209 0.000 94.482 0.000
201312 12.015 97.624 14.182
201412 3.745 99.000 4.359
201512 2.251 100.600 2.578
201612 2.390 102.600 2.684
201706 3.105 103.100 3.470
201712 3.112 104.500 3.431
201803 0.000 105.300 0.000
201806 0.000 104.900 0.000
201809 0.000 106.600 0.000
201812 4.141 106.500 4.480
201903 4.629 107.700 4.953
201906 3.914 107.700 4.188
201909 12.849 109.800 13.484
201912 13.258 111.200 13.738
202003 13.516 112.300 13.868
202006 13.164 110.400 13.740
202009 13.671 111.700 14.103
202012 13.987 111.500 14.455
202103 14.461 112.662 14.790
202106 14.467 111.769 14.915
202109 15.146 112.215 15.552
202112 15.719 113.108 16.014
202203 16.039 114.335 16.164
202206 16.014 114.558 16.108
202209 16.618 115.339 16.602
202212 17.223 115.116 17.240
202303 17.724 115.116 17.741
202306 18.080 114.558 18.186
202309 18.693 115.339 18.675
202312 19.228 114.781 19.303
202403 19.810 115.227 19.810

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


Micro-Tech (Nanjing) Co  (SHSE:688029) 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.

Micro-Tech (Nanjing) Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.72/12.46
=5.19

* 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 Micro-Tech (Nanjing) Co was 10.22. The lowest was 4.98. And the median was 7.32.


Be Aware

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


Micro-Tech (Nanjing) Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Micro-Tech (Nanjing) Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Micro-Tech (Nanjing) Co (SHSE:688029) Business Description

Traded in Other Exchanges
N/A
Address
No.10, Gaoke 3rd Road, High-tech Development Zone, Jiangsu, Nanjing, CHN, 210032
Micro-Tech (Nanjing) Co Ltd is primarily engaged in the manufacturing and sale of non-vascular stents and disposable biopsy forceps.
Executives
Leng De Rong Directors, senior managers
Zhang Bo Director
Liu Chun Jun senior management
Zhang Feng senior management
Pan Zhang Wang Core technical personnel
Li Ning Core technical personnel
Wei Jian Yu Core technical personnel
Long Xiao Hui Director
Rui Chen Wei senior management
Chen Feng Jiang senior management
Gong Xing Liang Director

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