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Muza (WAR:MZA) Cyclically Adjusted PB Ratio : 1.12 (As of Jun. 08, 2024)


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What is Muza Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Muza's current share price is zł13.05. Muza's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł11.61. Muza's Cyclically Adjusted PB Ratio for today is 1.12.

The historical rank and industry rank for Muza's Cyclically Adjusted PB Ratio or its related term are showing as below:

WAR:MZA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.58   Max: 1.69
Current: 1.18

During the past years, Muza's highest Cyclically Adjusted PB Ratio was 1.69. The lowest was 0.24. And the median was 0.58.

WAR:MZA's Cyclically Adjusted PB Ratio is ranked worse than
51.95% of 693 companies
in the Media - Diversified industry
Industry Median: 1.13 vs WAR:MZA: 1.18

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.

Muza's adjusted book value per share data for the three months ended in Mar. 2024 was zł12.569. 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 zł11.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Muza Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Muza'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.

* Premium members only.

Muza Cyclically Adjusted PB Ratio Chart

Muza Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.32 0.54 0.59 1.20

Muza 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 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 0.63 1.26 1.45 1.20 1.26

Competitive Comparison of Muza's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Muza'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.


Muza's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Muza's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Muza 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.

Muza's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.05/11.61
=1.12

* 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.

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

For example, Muza'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)
=12.569/149.0435*149.0435
=12.569

Current CPI (Mar. 2024) = 149.0435.

Muza Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.557 101.180 14.078
201409 9.359 100.611 13.864
201412 7.784 100.122 11.587
201503 7.658 100.041 11.409
201506 7.776 100.448 11.538
201509 7.850 99.634 11.743
201512 8.049 99.471 12.060
201603 7.899 98.983 11.894
201606 7.957 99.552 11.913
201609 7.924 99.064 11.922
201612 8.516 100.366 12.646
201703 8.286 101.018 12.225
201706 8.216 101.180 12.103
201709 8.243 101.343 12.123
201712 8.619 102.564 12.525
201803 8.282 102.564 12.035
201806 8.428 103.378 12.151
201809 8.415 103.378 12.132
201812 8.413 103.785 12.082
201903 8.272 104.274 11.824
201906 7.962 105.983 11.197
201909 7.608 105.983 10.699
201912 8.229 107.123 11.449
202003 7.852 109.076 10.729
202006 8.329 109.402 11.347
202009 8.411 109.320 11.467
202012 8.370 109.565 11.386
202103 8.347 112.658 11.043
202106 8.069 113.960 10.553
202109 7.849 115.588 10.121
202112 8.349 119.088 10.449
202203 8.233 125.031 9.814
202206 8.503 131.705 9.622
202209 8.851 135.531 9.733
202212 9.711 139.113 10.404
202303 10.519 145.950 10.742
202306 12.242 147.009 12.411
202309 12.281 146.113 12.527
202312 12.226 147.741 12.334
202403 12.569 149.044 12.569

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.


Muza  (WAR:MZA) 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.


Muza Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Muza's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Muza (WAR:MZA) Business Description

Traded in Other Exchanges
N/A
Address
ul. Sienna 73, Warszawa, POL, 00-833
Muza SA together with its subsidiaries, engaged in the printing and publishing of books in Poland. The company is also engaged in trading and distribution of printed products, printing, and other media.

Muza (WAR:MZA) Headlines

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