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Dentsply Sirona (Dentsply Sirona) Cyclically Adjusted Book per Share : $27.62 (As of Dec. 2023)


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What is Dentsply Sirona 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.

Dentsply Sirona's adjusted book value per share for the three months ended in Dec. 2023 was $15.893. 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 $27.62 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Dentsply Sirona's average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Dentsply Sirona was 19.60% per year. The lowest was 6.10% per year. And the median was 13.45% per year.

As of today (2024-04-29), Dentsply Sirona's current stock price is $30.85. Dentsply Sirona's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $27.62. Dentsply Sirona's Cyclically Adjusted PB Ratio of today is 1.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dentsply Sirona was 4.59. The lowest was 1.00. And the median was 2.61.


Dentsply Sirona Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dentsply Sirona'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.

Dentsply Sirona Cyclically Adjusted Book per Share Chart

Dentsply Sirona 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 22.15 23.15 25.46 27.22 27.62

Dentsply Sirona Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 27.22 27.61 27.83 27.91 27.62

Competitive Comparison of Dentsply Sirona's Cyclically Adjusted Book per Share

For the Medical Instruments & Supplies subindustry, Dentsply Sirona'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.


Dentsply Sirona's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Dentsply Sirona's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dentsply Sirona 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, Dentsply Sirona's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=15.893/129.4194*129.4194
=15.893

Current CPI (Dec. 2023) = 129.4194.

Dentsply Sirona Quarterly Data

Book Value per Share CPI Adj_Book
201403 17.793 99.695 23.098
201406 18.219 100.560 23.448
201409 17.608 100.428 22.691
201412 16.475 99.070 21.522
201503 15.531 99.621 20.177
201506 16.558 100.684 21.284
201509 16.310 100.392 21.026
201512 16.688 99.792 21.642
201603 35.789 100.470 46.101
201606 35.672 101.688 45.400
201609 36.028 101.861 45.775
201612 35.264 101.863 44.804
201703 35.460 102.862 44.615
201706 31.672 103.349 39.661
201709 32.569 104.136 40.477
201712 29.172 104.011 36.298
201803 29.433 105.290 36.178
201806 23.075 106.317 28.089
201809 23.110 106.507 28.082
201812 22.965 105.998 28.039
201903 22.823 107.251 27.541
201906 23.120 108.070 27.688
201909 22.750 108.329 27.179
201912 23.014 108.420 27.471
202003 21.398 108.902 25.430
202006 21.260 108.767 25.297
202009 21.787 109.815 25.676
202012 22.551 109.897 26.557
202103 22.580 111.754 26.149
202106 23.222 114.631 26.218
202109 23.431 115.734 26.202
202112 22.981 117.630 25.284
202203 22.566 121.301 24.076
202206 22.519 125.017 23.312
202209 16.812 125.227 17.375
202212 17.701 125.222 18.294
202303 17.134 127.348 17.413
202306 17.506 128.729 17.600
202309 15.935 129.860 15.881
202312 15.893 129.419 15.893

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


Dentsply Sirona  (NAS:XRAY) 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.

Dentsply Sirona's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.85/27.62
=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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dentsply Sirona was 4.59. The lowest was 1.00. And the median was 2.61.


Be Aware

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


Dentsply Sirona Cyclically Adjusted Book per Share Related Terms

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


Dentsply Sirona (Dentsply Sirona) Business Description

Traded in Other Exchanges
Address
13320 Ballantyne Corporate Place, Charlotte, NC, USA, 28277-3607
Dentsply Sirona is one of the world's largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm's wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm's salesforce or directly to consumers (such as Byte clear aligner).
Executives
Gregory T Lucier director C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Simon D Campion director, officer: President, CEO & Member of BOD DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Glenn Coleman officer: Executive VP & CFO C/O DENTSLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Andrea L. Frohning officer: SVP, CHRO C/O DENTSLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Jonathan Jay Mazelsky director ONE IDEXX DRIVE, WESTBROOK ME 04092
Eric Brandt director C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Staehler Cord Friedrich officer: SVP, Chief Technology Officer C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Richard C Rosenzweig officer: SVP, Corp Dev, GC & Secretary C/O DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Robert Anthony Johnson officer: SVP, Chief Supply Chain Office C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Richard M Wagner officer: VP, Chief Accounting Officer 221 WEST PHILADELPHIA STREET, SUITE 60W, YORK PA 17401-2991
Barbara W. Bodem officer: Interim CFO C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Willem T Appelo officer: SVP Chief Supply Chain Officer C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Andreas G Frank officer: Executive VP, Product Group C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
John P Groetelaars director C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Cheree H Johnson officer: SVP,Chief Legal Ofcr, GC &Sec C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277