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As of today (2024-05-24), Minerva Neurosciences's current share price is $2.45. Minerva Neurosciences's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $16.22. Minerva Neurosciences's Cyclically Adjusted PB Ratio for today is 0.15.
The historical rank and industry rank for Minerva Neurosciences's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Minerva Neurosciences's highest Cyclically Adjusted PB Ratio was 0.73. The lowest was 0.00. And the median was 0.00.
NERV's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Minerva Neurosciences's adjusted book value per share data for the three months ended in Mar. 2024 was $-5.232. 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 $16.22 for the trailing ten years ended in Mar. 2024.
The historical data trend for Minerva Neurosciences'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.
Minerva Neurosciences 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 | 0.09 | 0.53 | 0.41 | 0.37 | 0.16 |
For the Biotechnology subindustry, Minerva Neurosciences'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 Biotechnology industry and Healthcare sector, Minerva Neurosciences's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Minerva Neurosciences'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.
Minerva Neurosciences's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 2.45 | / | 16.22 | |
= | 0.15 |
* 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.
Minerva Neurosciences's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Minerva Neurosciences'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) |
= | -5.232 | / | 131.7762 | * | 131.7762 | |
= | -5.232 |
Current CPI (Mar. 2024) = 131.7762.
Minerva Neurosciences Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 12.795 | 100.560 | 16.767 |
201409 | 24.606 | 100.428 | 32.287 |
201412 | 22.343 | 99.070 | 29.719 |
201503 | 24.088 | 99.621 | 31.863 |
201506 | 22.128 | 100.684 | 28.961 |
201509 | 20.409 | 100.392 | 26.789 |
201512 | 17.902 | 99.792 | 23.640 |
201603 | 19.082 | 100.470 | 25.028 |
201606 | 27.721 | 101.688 | 35.923 |
201609 | 26.003 | 101.861 | 33.640 |
201612 | 24.208 | 101.863 | 31.317 |
201703 | 23.166 | 102.862 | 29.678 |
201706 | 22.392 | 103.349 | 28.551 |
201709 | 26.910 | 104.136 | 34.053 |
201712 | 27.169 | 104.011 | 34.422 |
201803 | 25.042 | 105.290 | 31.342 |
201806 | 22.847 | 106.317 | 28.318 |
201809 | 20.881 | 106.507 | 25.835 |
201812 | 18.545 | 105.998 | 23.055 |
201903 | 15.871 | 107.251 | 19.500 |
201906 | 13.790 | 108.070 | 16.815 |
201909 | 11.383 | 108.329 | 13.847 |
201912 | 5.686 | 108.420 | 6.911 |
202003 | 3.799 | 108.902 | 4.597 |
202006 | 11.208 | 108.767 | 13.579 |
202009 | 10.877 | 109.815 | 13.052 |
202012 | 9.862 | 109.897 | 11.825 |
202103 | 8.497 | 111.754 | 10.019 |
202106 | 6.773 | 114.631 | 7.786 |
202109 | 5.258 | 115.734 | 5.987 |
202112 | 1.494 | 117.630 | 1.674 |
202203 | -0.138 | 121.301 | -0.150 |
202206 | -1.570 | 125.017 | -1.655 |
202209 | -2.668 | 125.227 | -2.808 |
202212 | -3.750 | 125.222 | -3.946 |
202303 | -4.984 | 127.348 | -5.157 |
202306 | -1.789 | 128.729 | -1.831 |
202309 | -2.866 | 129.860 | -2.908 |
202312 | -4.069 | 129.419 | -4.143 |
202403 | -5.232 | 131.776 | -5.232 |
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 Minerva Neurosciences's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ag Boehringer | 10 percent owner | BINGER STRABE 173, INGELHEIM AM RHEIN 2M 55216 |
Boehringer Ingelheim International Gmbh | 10 percent owner | 200 PARK AVENUE, C/O KLAUS H JANDER ESQ ROGERS & WELLS LL, NEW YORK NY 10166 |
Remy Luthringer | officer: EVP and Head of R&D | C/O MINERVA NEUROSCIENCES, INC., 1601 TRAPELO ROAD, SUITE 286, WALTHAM MA 02451 |
Geoff Race | officer: EVP and CFO | C/O MINERVA NEUROSCIENCES, 1601 TRAPELO ROAD, SUITE 286, WALTHAM MA 02451 |
Frederick W Ahlholm | officer: Chief Accounting Officer | C/O MINERVA NEUROSCIENCES, INC., 1601 TRAPELO ROAD, SUITE 286, WALTHAM MA 02451 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
David Kupfer | director | C/O MINERVA NEUROSCIENCES, INC., 1601 TRAPELO ROAD, SUITE 284, WALTHAM MA 02451 |
Joseph H. Reilly | officer: Chief Business Officer | C/O MINERVA NEUROSCIENCES, 1601 TRAPELO ROAD, SUITE 286, WALTHAM MA 02451 |
Van Heek G Jan | director | ONE KENDALL SQUARE, CAMBRIDGE MA 02139 |
Richard E. Russell | officer: President | C/O MINERVA NEUROSCIENCES, INC., 1601 TRAPELO ROAD, SUITE 284, WALTHAM MA 02451 |
William F Doyle | director | |
Hans Peter Hasler | director | C/O MINERVA NEUROSCIENCES, INC., 1601 TRAPELO ROAD, SUITE 284, WALTHAM MA 02451 |
Jeryl L Hilleman | director | C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025 |
Index Venture Associates Iii Ltd | 10 percent owner | 5TH FLOOR, 44 ESPLANADE, ST. HELIER, CHANNEL ISLANDS Y9 JE1 3FG |
Index Venture Associates Iv Ltd | 10 percent owner | 44 ESPLANADE, ST. HELIER, CHANNEL ISLANDS Y9 JE4 9WG |
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