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Midwest Energy Emissions (TSXV:MEEC) Cyclically Adjusted PB Ratio : (As of Jun. 08, 2024)


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What is Midwest Energy Emissions Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Midwest Energy Emissions Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Midwest Energy Emissions'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.

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Midwest Energy Emissions Cyclically Adjusted PB Ratio Chart

Midwest Energy Emissions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Midwest Energy Emissions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Midwest Energy Emissions's Cyclically Adjusted PB Ratio

For the Pollution & Treatment Controls subindustry, Midwest Energy Emissions'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.


Midwest Energy Emissions's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Midwest Energy Emissions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Midwest Energy Emissions's Cyclically Adjusted PB Ratio falls into.



Midwest Energy Emissions Cyclically Adjusted PB Ratio Calculation

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.

Midwest Energy Emissions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Midwest Energy Emissions'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)
=0.118/131.7762*131.7762
=0.118

Current CPI (Mar. 2024) = 131.7762.

Midwest Energy Emissions Quarterly Data

Book Value per Share CPI Adj_Book
201406 -0.145 100.560 -0.190
201409 -0.181 100.428 -0.237
201412 -0.131 99.070 -0.174
201503 -0.339 99.621 -0.448
201506 -0.177 100.684 -0.232
201509 -0.182 100.392 -0.239
201512 -0.376 99.792 -0.497
201603 -0.328 100.470 -0.430
201606 -0.533 101.688 -0.691
201609 -0.711 101.861 -0.920
201612 -0.066 101.863 -0.085
201703 -0.097 102.862 -0.124
201706 -0.065 103.349 -0.083
201709 -0.042 104.136 -0.053
201712 -0.074 104.011 -0.094
201803 -0.102 105.290 -0.128
201806 -0.130 106.317 -0.161
201809 -0.139 106.507 -0.172
201812 -0.152 105.998 -0.189
201903 -0.111 107.251 -0.136
201906 -0.125 108.070 -0.152
201909 -0.137 108.329 -0.167
201912 -0.152 108.420 -0.185
202003 -0.188 108.902 -0.227
202006 -0.198 108.767 -0.240
202009 -0.208 109.815 -0.250
202012 -0.217 109.897 -0.260
202103 -0.160 111.754 -0.189
202106 -0.127 114.631 -0.146
202109 -0.135 115.734 -0.154
202112 -0.147 117.630 -0.165
202203 -0.160 121.301 -0.174
202206 -0.160 125.017 -0.169
202209 -0.151 125.227 -0.159
202212 -0.108 125.222 -0.114
202303 -0.123 127.348 -0.127
202306 -0.129 128.729 -0.132
202309 -0.141 129.860 -0.143
202312 -0.011 129.419 -0.011
202403 0.118 131.776 0.118

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.


Midwest Energy Emissions  (TSXV:MEEC) Cyclically Adjusted PB Ratio Explanation

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.


Midwest Energy Emissions Cyclically Adjusted PB Ratio Related Terms

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Midwest Energy Emissions (TSXV:MEEC) Business Description

Traded in Other Exchanges
Address
1810 Jester Drive, Corsicana, TX, USA, 75109
Midwest Energy Emissions Corp. is an environmental services company. The company specializes in mercury emission control technologies, primarily for utility and industrial coal-fired units. It aims to deliver cost-effective mercury capture technologies to coal-fired power plants in the United States, Europe, and Asia. The group develops and deploys technologies to remove mercury emissions from coal-fired power plants. The company's products include Oxidizers, sorbents, and Scrubber Additive SA2. Geographically, all the activities function through the region of the United States and it achieves revenues from product sales, equipment sales, and demonstration and consulting services.