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DTS (DTSI) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is DTS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DTS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DTS'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.

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DTS Cyclically Adjusted PB Ratio Chart

DTS Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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DTS Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of DTS's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, DTS'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.


DTS's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, DTS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DTS 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.

DTS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, DTS's adjusted Book Value per Share data for the three months ended in Sep. 2016 was:

Adj_Book=Book Value per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=12.576/101.8610*101.8610
=12.576

Current CPI (Sep. 2016) = 101.8610.

DTS Quarterly Data

Book Value per Share CPI Adj_Book
200612 8.534 85.142 10.210
200703 8.513 86.640 10.009
200706 8.716 87.906 10.100
200709 7.747 87.964 8.971
200712 6.838 88.616 7.860
200803 6.944 90.090 7.851
200806 7.462 92.320 8.233
200809 7.452 92.307 8.223
200812 7.246 88.697 8.321
200903 7.284 89.744 8.267
200906 7.593 91.003 8.499
200909 7.869 91.120 8.797
200912 8.094 91.111 9.049
201003 8.105 91.821 8.991
201006 7.804 91.962 8.644
201009 8.003 92.162 8.845
201012 8.518 92.474 9.383
201103 8.942 94.283 9.661
201106 8.719 95.235 9.326
201109 8.441 95.727 8.982
201112 8.817 95.213 9.433
201203 9.151 96.783 9.631
201206 9.414 96.819 9.904
201209 9.485 97.633 9.896
201212 9.937 96.871 10.449
201303 9.936 98.209 10.305
201306 9.907 98.518 10.243
201309 10.010 98.790 10.321
201312 10.597 98.326 10.978
201403 11.297 99.695 11.542
201406 11.865 100.560 12.019
201409 12.232 100.428 12.407
201412 12.600 99.070 12.955
201503 12.808 99.621 13.096
201506 12.480 100.684 12.626
201509 12.443 100.392 12.625
201512 11.837 99.792 12.082
201603 11.826 100.470 11.990
201606 12.283 101.688 12.304
201609 12.576 101.861 12.576

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.


DTS  (NAS:DTSI) 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.


DTS Cyclically Adjusted PB Ratio Related Terms

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


DTS (DTSI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » DTS Inc (NAS:DTSI) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
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Address
DTS Inc, a Delaware corporation, was founded in 1990. It commenced its operations as Digital Theater Systems Corporation. It is a audio solutions provider for high-definition entertainment experiences-anytime, anywhere, on any device. Its audio solutions are designed to enable recording, delivery and playback of simple, personalized, and immersive high-definition audio and are incorporated by hundreds of licensee customers around the world into an array of consumer electronics devices, including televisions ("TVs"), personal computers ("PCs"), smartphones, tablets, digital media players, video game consoles, Blu-ray Disc players, audio/video receivers ("AVRs"), soundbars, DVD based products, automotive audio systems, set-top-boxes ("STBs"), and home theater systems. The Company also provides a suite of audio processing technologies designed to enhance the entertainment experience for users of consumer electronics products subject to physical limitations, such as TVs, PCs and mobile electronics. In addition, it provides products and services to motion picture studios, radio and TV broadcasters, game developers and other content creators to facilitate the inclusion of compelling, realistic DTS-encoded soundtracks within their content. The Comnpany's competitor is Dolby Laboratories, who develops and markets, among other things, high-definition audio products and services.
Executives
David C Habiger director C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Blake Welcher officer: EVP Legal & Licensing Oper 5220 LAS VIRGENES ROAD, CALABASAS CA 91302
Jon Kirchner director, officer: President and CEO C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Geir Skaaden officer: SVP Corp Bus Dev C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Melvin Flanigan officer: Executive VP Finance & CFO C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60069
Gregory L Ballard director 280 N BERNARDO AVE MOUNTAIN VIEW CA 94043
Sharon K Faltemier officer: Senior VP, Human Resources 5220 LAS VIRGENES ROAD, CALABASAS CA 91302
James B Mcelwee director WESTON PRESIDIO CAPITAL, 2420 SAND HILL RD STE 206, MENLO PARK CA 94025
Michael P Lazarus 10 percent owner C/O WESTON PRESIDIO, PIER 1 BAY 2, SAN FRANCISCO CA 94111
Steven Friedman director 320 PARKJ AVE, STE 220 NY 10022
Warren N Lieberfarb director
Eos Partners Sbic Lp director 320 PARKJ AVE, STE 220 NY 10022

DTS (DTSI) Headlines

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