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DSV AS (OCSE:DSV) Cyclically Adjusted Book per Share : kr179.56 (As of Mar. 2024)


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What is DSV AS Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

DSV AS's adjusted book value per share for the three months ended in Mar. 2024 was kr328.850. 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 kr179.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DSV AS's average Cyclically Adjusted Book Growth Rate was 18.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 30.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 30.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of DSV AS was 34.30% per year. The lowest was 29.00% per year. And the median was 30.80% per year.

As of today (2024-04-30), DSV AS's current stock price is kr1016.00. DSV AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr179.56. DSV AS's Cyclically Adjusted PB Ratio of today is 5.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DSV AS was 19.23. The lowest was 5.75. And the median was 11.74.


DSV AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for DSV AS's Cyclically Adjusted Book per Share 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.

DSV AS Cyclically Adjusted Book per Share Chart

DSV AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.86 76.98 102.27 142.42 172.34

DSV AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 151.39 157.50 166.16 172.34 179.56

Competitive Comparison of DSV AS's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DSV AS Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, DSV AS'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)
=328.85/116.7000*116.7000
=328.850

Current CPI (Mar. 2024) = 116.7000.

DSV AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 35.737 99.700 41.831
201409 36.225 99.700 42.402
201412 35.642 99.400 41.845
201503 35.693 100.200 41.571
201506 37.772 100.300 43.948
201509 38.244 100.200 44.542
201512 64.216 99.800 75.090
201603 62.083 100.200 72.306
201606 64.184 100.600 74.456
201609 67.685 100.200 78.831
201612 72.327 100.300 84.153
201703 75.053 101.200 86.548
201706 77.738 101.200 89.645
201709 78.229 101.800 89.679
201712 80.589 101.300 92.840
201803 79.130 101.700 90.801
201806 83.202 102.300 94.914
201809 84.648 102.400 96.469
201812 81.796 102.100 93.493
201903 83.666 102.900 94.887
201906 87.210 102.900 98.906
201909 219.106 102.900 248.490
201912 215.984 102.900 244.950
202003 204.466 103.300 230.989
202006 208.244 103.200 235.485
202009 211.163 103.500 238.094
202012 209.575 103.400 236.532
202103 204.628 104.300 228.956
202106 204.168 105.000 226.918
202109 312.330 105.800 344.508
202112 316.409 106.600 346.388
202203 326.089 109.900 346.266
202206 344.674 113.600 354.080
202209 357.989 116.400 358.912
202212 329.733 115.900 332.009
202303 326.253 117.300 324.584
202306 327.878 116.400 328.723
202309 332.059 117.400 330.079
202312 328.469 116.700 328.469
202403 328.850 116.700 328.850

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


DSV AS  (OCSE:DSV) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

DSV AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1016.00/179.56
=5.66

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DSV AS was 19.23. The lowest was 5.75. And the median was 11.74.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


DSV AS Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of DSV AS's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


DSV AS (OCSE:DSV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OCSE:DSV) » Definitions » Cyclically Adjusted Book per Share
Address
Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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