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Dubai Investments PJSC (DFM:DIC) Cyclically Adjusted PB Ratio : 0.67 (As of May. 16, 2024)


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What is Dubai Investments PJSC Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Dubai Investments PJSC's current share price is د.إ2.17. Dubai Investments PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was د.إ3.23. Dubai Investments PJSC's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for Dubai Investments PJSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

DFM:DIC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.7   Max: 0.88
Current: 0.66

During the past years, Dubai Investments PJSC's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.42. And the median was 0.70.

DFM:DIC's Cyclically Adjusted PB Ratio is ranked better than
63.76% of 425 companies
in the Conglomerates industry
Industry Median: 0.96 vs DFM:DIC: 0.66

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.

Dubai Investments PJSC's adjusted book value per share data for the three months ended in Mar. 2024 was د.إ3.194. 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 د.إ3.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dubai Investments PJSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dubai Investments PJSC'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.

Dubai Investments PJSC Cyclically Adjusted PB Ratio Chart

Dubai Investments PJSC 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 - 0.54 0.67 0.70 0.72

Dubai Investments PJSC 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 0.73 0.73 0.77 0.72 0.71

Competitive Comparison of Dubai Investments PJSC's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Dubai Investments PJSC'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.


Dubai Investments PJSC's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Dubai Investments PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dubai Investments PJSC 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.

Dubai Investments PJSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.17/3.23
=0.67

* 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.

Dubai Investments PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dubai Investments PJSC'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)
=3.194/131.7762*131.7762
=3.194

Current CPI (Mar. 2024) = 131.7762.

Dubai Investments PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.251 100.560 2.950
201409 2.296 100.428 3.013
201412 2.377 99.070 3.162
201503 2.443 99.621 3.232
201506 2.386 100.684 3.123
201509 2.439 100.392 3.201
201512 2.519 99.792 3.326
201603 2.581 100.470 3.385
201606 2.515 101.688 3.259
201609 2.590 101.861 3.351
201612 2.673 101.863 3.458
201703 2.740 102.862 3.510
201706 2.669 103.349 3.403
201709 2.750 104.136 3.480
201712 2.787 104.011 3.531
201803 2.870 105.290 3.592
201806 2.769 106.317 3.432
201809 2.824 106.507 3.494
201812 2.802 105.998 3.483
201903 2.813 107.251 3.456
201906 2.746 108.070 3.348
201909 2.770 108.329 3.370
201912 2.817 108.420 3.424
202003 0.000 108.902 0.000
202006 2.762 108.767 3.346
202009 2.804 109.815 3.365
202012 2.779 109.897 3.332
202103 2.808 111.754 3.311
202106 2.765 114.631 3.179
202109 2.801 115.734 3.189
202112 2.839 117.630 3.180
202203 2.888 121.301 3.137
202206 2.803 125.017 2.955
202209 2.991 125.227 3.147
202212 3.020 125.222 3.178
202303 3.095 127.348 3.203
202306 3.033 128.729 3.105
202309 3.088 129.860 3.134
202312 3.166 129.419 3.224
202403 3.194 131.776 3.194

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.


Dubai Investments PJSC  (DFM:DIC) 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.


Dubai Investments PJSC Cyclically Adjusted PB Ratio Related Terms

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


Dubai Investments PJSC (DFM:DIC) Business Description

Traded in Other Exchanges
N/A
Address
Dubai Investments Park, P.O. Box 28171, Jebel Ali, Dubai, ARE
Dubai Investments PJSC is an investment company with a focus in real estate, manufacturing, industrial, and financial investments across the Middle East. The operations are divided into three segments: The property segment develops real estate for sale and leasing. The manufacturing, contracting, and Services segment manufactures and sells materials used in construction projects, executing construction contracts, production of raw and architectural glass, pharmaceutical products, cooling services, production, aluminium extruded products, laboratory furniture, healthcare, and education. The investments segment includes strategic minority investments in associates, investment banking, asset management and financial investments.

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