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MCH Group (XSWX:MCHN) Cyclically Adjusted PB Ratio : 0.21 (As of Jun. 09, 2024)


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What is MCH Group Cyclically Adjusted PB Ratio?

As of today (2024-06-09), MCH Group's current share price is CHF5.20. MCH Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF24.89. MCH Group's Cyclically Adjusted PB Ratio for today is 0.21.

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

XSWX:MCHN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.53   Max: 1.68
Current: 0.21

During the past 13 years, MCH Group's highest Cyclically Adjusted PB Ratio was 1.68. The lowest was 0.14. And the median was 0.53.

XSWX:MCHN's Cyclically Adjusted PB Ratio is ranked better than
91.05% of 693 companies
in the Media - Diversified industry
Industry Median: 1.13 vs XSWX:MCHN: 0.21

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.

MCH Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF3.052. 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 CHF24.89 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


MCH Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MCH Group'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.

MCH Group Cyclically Adjusted PB Ratio Chart

MCH Group 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 0.55 0.32 0.27 0.16 0.17

MCH Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.27 - 0.16 - 0.17

Competitive Comparison of MCH Group's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, MCH Group'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.


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

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

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



MCH Group 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.

MCH Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.20/24.89
=0.21

* 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.

MCH Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, MCH Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.052/106.4612*106.4612
=3.052

Current CPI (Dec23) = 106.4612.

MCH Group Annual Data

Book Value per Share CPI Adj_Book
201412 53.655 100.704 56.723
201512 57.406 99.386 61.492
201612 61.749 99.380 66.149
201712 32.713 100.213 34.753
201812 7.820 100.906 8.251
201912 6.563 101.063 6.914
202012 4.411 100.241 4.685
202112 3.175 101.776 3.321
202212 3.538 104.666 3.599
202312 3.052 106.461 3.052

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.


MCH Group  (XSWX:MCHN) 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.


MCH Group Cyclically Adjusted PB Ratio Related Terms

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


MCH Group (XSWX:MCHN) Business Description

Traded in Other Exchanges
Address
Messeplatz 10, Basel, CHE, 4005
MCH Group Ltd is an international live-marketing company with a services network spanning the entire exhibition and event market. As the organiser of national and international exhibitions, the MCH Group creates marketing platforms and offers exhibiting companies bespoke solutions for successful exhibition stands. With its infrastructure in Basel, Lausanne and Zurich, as well as its live marketing solutions, the firm also provides a broad range of services to corporate and public events, in addition to exhibitions and congresses. The company's majority of operating income is derived from Switzerland, where it already has a market position.

MCH Group (XSWX:MCHN) Headlines