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DMC Global (STU:DM5) Cyclically Adjusted Book per Share : €13.34 (As of Mar. 2024)


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What is DMC Global 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.

DMC Global's adjusted book value per share for the three months ended in Mar. 2024 was €18.873. 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 €13.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DMC Global's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.80% 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 DMC Global was 31.70% per year. The lowest was 0.90% per year. And the median was 10.00% per year.

As of today (2024-06-05), DMC Global's current stock price is €10.60. DMC Global's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.34. DMC Global's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DMC Global was 6.61. The lowest was 0.53. And the median was 2.17.


DMC Global Cyclically Adjusted Book per Share Historical Data

The historical data trend for DMC Global'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.

DMC Global Cyclically Adjusted Book per Share Chart

DMC Global 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 9.61 8.96 10.82 12.93 13.01

DMC Global 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 12.61 12.80 13.83 13.01 13.34

Competitive Comparison of DMC Global's Cyclically Adjusted Book per Share

For the Oil & Gas Equipment & Services subindustry, DMC Global'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.


DMC Global's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DMC Global's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DMC Global 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, DMC Global'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)
=18.873/131.7762*131.7762
=18.873

Current CPI (Mar. 2024) = 131.7762.

DMC Global Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.300 100.560 12.187
201409 9.374 100.428 12.300
201412 8.976 99.070 11.939
201503 9.296 99.621 12.297
201506 9.030 100.684 11.819
201509 8.679 100.392 11.392
201512 7.649 99.792 10.101
201603 7.635 100.470 10.014
201606 7.427 101.688 9.625
201609 7.300 101.861 9.444
201612 7.351 101.863 9.510
201703 7.064 102.862 9.050
201706 7.049 103.349 8.988
201709 6.039 104.136 7.642
201712 6.047 104.011 7.661
201803 6.071 105.290 7.598
201806 6.563 106.317 8.135
201809 6.869 106.507 8.499
201812 7.919 105.998 9.845
201903 8.794 107.251 10.805
201906 9.879 108.070 12.046
201909 10.359 108.329 12.601
201912 10.573 108.420 12.851
202003 10.656 108.902 12.894
202006 10.238 108.767 12.404
202009 9.768 109.815 11.721
202012 10.518 109.897 12.612
202103 11.588 111.754 13.664
202106 15.338 114.631 17.632
202109 15.657 115.734 17.827
202112 16.489 117.630 18.472
202203 16.369 121.301 17.783
202206 17.205 125.017 18.135
202209 18.755 125.227 19.736
202212 18.394 125.222 19.357
202303 18.109 127.348 18.739
202306 18.601 128.729 19.041
202309 19.209 129.860 19.493
202312 19.023 129.419 19.369
202403 18.873 131.776 18.873

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


DMC Global  (STU:DM5) 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.

DMC Global's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.60/13.34
=0.79

* 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 DMC Global was 6.61. The lowest was 0.53. And the median was 2.17.


Be Aware

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


DMC Global Cyclically Adjusted Book per Share Related Terms

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


DMC Global (STU:DM5) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DMC Global Inc (STU:DM5) » Definitions » Cyclically Adjusted Book per Share
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Address
11800 Ridge Parkway, Suite 300, Broomfield, CO, USA, 80021
DMC Global Inc operates a diversified family of technical product and process businesses serving the energy, industrial and infrastructure markets. Its business is organized into three segments: Arcadia, DynaEnergetics, and NobelClad. Arcadia is a provider of architectural building products and operates in two divisions - Commercial and Residential. NobelClad is involved in the production of explosion-welded clad metal plates for use in the construction of corrosion-resistant industrial processing equipment and specialized transition joints. DynaEnergetics driver, designs manufactures and distributes products utilized by the oil and gas industry principally for the perforation of oil and gas wells.

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