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DBS Group Holdings (DBS Group Holdings) Cyclically Adjusted PB Ratio : 1.69 (As of May. 24, 2024)


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What is DBS Group Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-24), DBS Group Holdings's current share price is $26.84. DBS Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.85. DBS Group Holdings's Cyclically Adjusted PB Ratio for today is 1.69.

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

DBSDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.55   Max: 1.99
Current: 1.7

During the past years, DBS Group Holdings's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 1.07. And the median was 1.55.

DBSDF's Cyclically Adjusted PB Ratio is ranked worse than
84.31% of 1192 companies
in the Banks industry
Industry Median: 0.92 vs DBSDF: 1.70

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.

DBS Group Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was $16.701. 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 $15.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


DBS Group Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DBS Group Holdings'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.

DBS Group Holdings Cyclically Adjusted PB Ratio Chart

DBS Group Holdings 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 1.56 1.44 1.67 1.58 1.47

DBS Group Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.51 1.41 1.49 1.47 1.55

Competitive Comparison of DBS Group Holdings's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, DBS Group Holdings'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.


DBS Group Holdings's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, DBS Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DBS Group Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.84/15.85
=1.69

* 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.

DBS Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, DBS Group Holdings'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)
=16.701/131.7762*131.7762
=16.701

Current CPI (Mar. 2024) = 131.7762.

DBS Group Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.688 100.560 14.006
201409 10.685 100.428 14.020
201412 10.498 99.070 13.964
201503 10.438 99.621 13.807
201506 10.546 100.684 13.803
201509 10.116 100.392 13.278
201512 10.427 99.792 13.769
201603 11.072 100.470 14.522
201606 11.282 101.688 14.620
201609 11.636 101.861 15.053
201612 11.137 101.863 14.408
201703 11.701 102.862 14.990
201706 11.960 103.349 15.250
201709 12.218 104.136 15.461
201712 12.533 104.011 15.879
201803 13.137 105.290 16.442
201806 12.419 106.317 15.393
201809 12.374 106.507 15.310
201812 12.751 105.998 15.852
201903 13.322 107.251 16.368
201906 12.890 108.070 15.718
201909 13.018 108.329 15.836
201912 13.380 108.420 16.262
202003 13.484 108.902 16.316
202006 13.730 108.767 16.634
202009 14.150 109.815 16.980
202012 14.616 109.897 17.526
202103 14.816 111.754 17.470
202106 15.289 114.631 17.576
202109 15.081 115.734 17.171
202112 14.935 117.630 16.731
202203 14.691 121.301 15.960
202206 14.259 125.017 15.030
202209 13.875 125.227 14.601
202212 14.873 125.222 15.651
202303 15.146 127.348 15.673
202306 15.383 128.729 15.747
202309 15.493 129.860 15.722
202312 16.423 129.419 16.722
202403 16.701 131.776 16.701

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.


DBS Group Holdings  (OTCPK:DBSDF) 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.


DBS Group Holdings Cyclically Adjusted PB Ratio Related Terms

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


DBS Group Holdings (DBS Group Holdings) Business Description

Traded in Other Exchanges
Address
12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore, SGP, 018982
DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The recent acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 320 billion as of June 2023.

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