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DexCom (XTER:DC4) Cyclically Adjusted Book per Share : €2.91 (As of Mar. 2024)


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What is DexCom 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.

DexCom's adjusted book value per share for the three months ended in Mar. 2024 was €5.219. 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 €2.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DexCom's average Cyclically Adjusted Book Growth Rate was 24.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 36.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 40.60% 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 DexCom was 44.80% per year. The lowest was 14.50% per year. And the median was 37.50% per year.

As of today (2024-05-24), DexCom's current stock price is €119.60. DexCom's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.91. DexCom's Cyclically Adjusted PB Ratio of today is 41.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DexCom was 124.32. The lowest was 27.11. And the median was 58.27.


DexCom Cyclically Adjusted Book per Share Historical Data

The historical data trend for DexCom'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.

DexCom Cyclically Adjusted Book per Share Chart

DexCom 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 0.04 0.04 1.50 2.13 2.64

DexCom 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 2.29 2.43 2.71 2.64 2.91

Competitive Comparison of DexCom's Cyclically Adjusted Book per Share

For the Medical Devices subindustry, DexCom'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.


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

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

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



DexCom 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, DexCom'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)
=5.219/131.7762*131.7762
=5.219

Current CPI (Mar. 2024) = 131.7762.

DexCom Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.243 100.560 0.318
201409 0.292 100.428 0.383
201412 0.368 99.070 0.489
201503 0.433 99.621 0.573
201506 0.475 100.684 0.622
201509 0.530 100.392 0.696
201512 0.621 99.792 0.820
201603 0.622 100.470 0.816
201606 0.654 101.688 0.848
201609 0.690 101.861 0.893
201612 0.795 101.863 1.028
201703 0.752 102.862 0.963
201706 0.910 103.349 1.160
201709 0.927 104.136 1.173
201712 1.018 104.011 1.290
201803 0.970 105.290 1.214
201806 1.167 106.317 1.446
201809 1.356 106.507 1.678
201812 1.620 105.998 2.014
201903 1.626 107.251 1.998
201906 1.670 108.070 2.036
201909 1.896 108.329 2.306
201912 2.168 108.420 2.635
202003 2.291 108.902 2.772
202006 3.151 108.767 3.818
202009 3.315 109.815 3.978
202012 3.906 109.897 4.684
202103 4.133 111.754 4.873
202106 4.286 114.631 4.927
202109 4.684 115.734 5.333
202112 4.658 117.630 5.218
202203 5.066 121.301 5.503
202206 5.436 125.017 5.730
202209 4.771 125.227 5.021
202212 5.209 125.222 5.482
202303 5.381 127.348 5.568
202306 5.021 128.729 5.140
202309 5.500 129.860 5.581
202312 4.922 129.419 5.012
202403 5.219 131.776 5.219

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


DexCom  (XTER:DC4) 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.

DexCom's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=119.60/2.91
=41.10

* 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 DexCom was 124.32. The lowest was 27.11. And the median was 58.27.


Be Aware

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


DexCom Cyclically Adjusted Book per Share Related Terms

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


DexCom (XTER:DC4) Business Description

Traded in Other Exchanges
Address
6340 Sequence Drive, San Diego, CA, USA, 92121
Dexcom designs and commercializes continuous glucose monitoring systems for diabetic patients. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to provide integration with insulin pumps from Insulet and Tandem for automatic insulin delivery.

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