MLSS has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MLSS has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today (2024-06-05), Milestone Scientific's current share price is $0.7539. Milestone Scientific's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.32. Milestone Scientific's Cyclically Adjusted PB Ratio for today is 2.36.
The historical rank and industry rank for Milestone Scientific's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Milestone Scientific's highest Cyclically Adjusted PB Ratio was 16.29. The lowest was 1.07. And the median was 5.00.
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.
Milestone Scientific's adjusted book value per share data for the three months ended in Mar. 2024 was $0.097. 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 $0.32 for the trailing ten years ended in Mar. 2024.
The historical data trend for Milestone Scientific'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.
Milestone Scientific Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 2.71 | 2.61 | 2.78 | 2.14 | 1.95 |
For the Medical Instruments & Supplies subindustry, Milestone Scientific'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.
For the Medical Devices & Instruments industry and Healthcare sector, Milestone Scientific's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Milestone Scientific's Cyclically Adjusted PB Ratio falls into.
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.
Milestone Scientific's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 0.7539 | / | 0.32 | |
= | 2.36 |
* 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.
Milestone Scientific's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Milestone Scientific'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) |
= | 0.097 | / | 131.7762 | * | 131.7762 | |
= | 0.097 |
Current CPI (Mar. 2024) = 131.7762.
Milestone Scientific Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 0.728 | 100.560 | 0.954 |
201409 | 0.720 | 100.428 | 0.945 |
201412 | 0.685 | 99.070 | 0.911 |
201503 | 0.670 | 99.621 | 0.886 |
201506 | 0.587 | 100.684 | 0.768 |
201509 | 0.518 | 100.392 | 0.680 |
201512 | 0.475 | 99.792 | 0.627 |
201603 | 0.461 | 100.470 | 0.605 |
201606 | 0.309 | 101.688 | 0.400 |
201609 | 0.248 | 101.861 | 0.321 |
201612 | 0.279 | 101.863 | 0.361 |
201703 | 0.279 | 102.862 | 0.357 |
201706 | 0.235 | 103.349 | 0.300 |
201709 | 0.266 | 104.136 | 0.337 |
201712 | 0.218 | 104.011 | 0.276 |
201803 | 0.175 | 105.290 | 0.219 |
201806 | 0.154 | 106.317 | 0.191 |
201809 | 0.027 | 106.507 | 0.033 |
201812 | 0.046 | 105.998 | 0.057 |
201903 | 0.067 | 107.251 | 0.082 |
201906 | 0.018 | 108.070 | 0.022 |
201909 | -0.028 | 108.329 | -0.034 |
201912 | 0.034 | 108.420 | 0.041 |
202003 | 0.011 | 108.902 | 0.013 |
202006 | 0.270 | 108.767 | 0.327 |
202009 | 0.250 | 109.815 | 0.300 |
202012 | 0.253 | 109.897 | 0.303 |
202103 | 0.288 | 111.754 | 0.340 |
202106 | 0.264 | 114.631 | 0.303 |
202109 | 0.239 | 115.734 | 0.272 |
202112 | 0.240 | 117.630 | 0.269 |
202203 | 0.219 | 121.301 | 0.238 |
202206 | 0.187 | 125.017 | 0.197 |
202209 | 0.165 | 125.227 | 0.174 |
202212 | 0.148 | 125.222 | 0.156 |
202303 | 0.136 | 127.348 | 0.141 |
202306 | 0.113 | 128.729 | 0.116 |
202309 | 0.102 | 129.860 | 0.104 |
202312 | 0.106 | 129.419 | 0.108 |
202403 | 0.097 | 131.776 | 0.097 |
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.
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.
Thank you for viewing the detailed overview of Milestone Scientific's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter J Milligan | officer: President | 1650 TYSONS BOULEVARD, SUITE 1700, MCLEAN VA 22102 |
Neal I Goldman | director | 170 SOUTHPORT DRIVE, MORRISVILLE NC 27560 |
Leslie Bernhard | director | C/O ADSTAR, INC., 488 S. ROYAL LANE, COPPELL TX 75019 |
Benedetta I Casamento | director | 200 CAMPUS DRIVE, FLORHAM PARK NJ 07932 |
Leonard Osser | director, 10 percent owner, officer: CEO | |
Leonard M Schiller | director | |
Scott L. Kahn | officer: Chief Financial Officer | 425 EAGLE ROCK AVENUE, SUITE 403, ROSELAND NJ 07068 |
Giandomenico Trombetta | director, 10 percent owner | CORSO VENEZIA 44, MILAN L6 20121 |
Joseph D'agostino | officer: CFO & COO | C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039 |
Jan Adriaan Haverhals | officer: President | 110 WHITE ROCK ROAD, APT. 3304, VERONA NJ 07044 |
Brent W Johnston | officer: President | C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE SUITE 102, LIVINGSTON NJ 07039 |
Michael Mcgeehan | director | C/O MILESTONE SCIENTIFIC INC, LIVINGSTON NJ 07039 |
Edward J. Zelnick | director | C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039 |
Daniel S Goldberger | officer: President and CEO | 24 CARPENTER ROAD, CHESTER NY 10918 |
Bp4 S.r.l. | director, 10 percent owner, officer: See Remarks | CORSO VENEZIA 44, MILAN L6 20121 |
From GuruFocus
By [email protected] [email protected] • 03-25-2020
By PRNewswire PRNewswire • 01-05-2021
By [email protected] [email protected] • 05-22-2020
By ACCESSWIRE ACCESSWIRE • 09-01-2020
By ACCESSWIRE ACCESSWIRE • 08-13-2020
By ACCESSWIRE ACCESSWIRE • 06-30-2020
By GF Value GF Value • 04-17-2021
By [email protected] [email protected] • 04-15-2020
By ACCESSWIRE ACCESSWIRE • 06-26-2020