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DTS (FRA:DA9) Cyclically Adjusted PB Ratio : 3.45 (As of Jun. 09, 2024)


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What is DTS Cyclically Adjusted PB Ratio?

As of today (2024-06-09), DTS's current share price is €24.60. DTS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €7.13. DTS's Cyclically Adjusted PB Ratio for today is 3.45.

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

FRA:DA9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 2.84   Max: 3.72
Current: 3.68

During the past years, DTS's highest Cyclically Adjusted PB Ratio was 3.72. The lowest was 1.98. And the median was 2.84.

FRA:DA9's Cyclically Adjusted PB Ratio is ranked worse than
62.96% of 1420 companies
in the Software industry
Industry Median: 2.54 vs FRA:DA9: 3.68

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.

DTS's adjusted book value per share data for the three months ended in Dec. 2023 was €9.184. 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 €7.13 for the trailing ten years ended in Dec. 2023.

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.

* Premium members only.

DTS Cyclically Adjusted PB Ratio Chart

DTS Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.25 2.83 2.76 3.01 -

DTS 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 3.01 3.10 2.85 3.08 -

Competitive Comparison of DTS's Cyclically Adjusted PB Ratio

For the Information Technology Services 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.60/7.13
=3.45

* 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.

DTS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, DTS'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)
=9.184/106.8000*106.8000
=9.184

Current CPI (Dec. 2023) = 106.8000.

DTS Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.041 95.700 5.626
201406 5.124 98.000 5.584
201409 5.276 98.500 5.721
201412 5.049 97.900 5.508
201503 5.976 97.900 6.519
201506 5.603 98.400 6.081
201509 5.949 98.500 6.450
201512 6.179 98.100 6.727
201603 6.645 97.900 7.249
201606 6.984 98.100 7.603
201609 7.507 98.000 8.181
201612 7.146 98.400 7.756
201703 7.585 98.100 8.258
201706 7.329 98.500 7.947
201709 7.383 98.800 7.981
201712 7.420 99.400 7.972
201803 7.660 99.200 8.247
201806 7.788 99.200 8.385
201809 7.963 99.900 8.513
201812 8.266 99.700 8.855
201903 8.772 99.700 9.397
201906 8.963 99.800 9.592
201909 9.605 100.100 10.248
201912 9.528 100.500 10.125
202003 10.009 100.300 10.658
202006 9.690 99.900 10.359
202009 9.794 99.900 10.470
202012 9.770 99.300 10.508
202103 9.997 99.900 10.687
202106 9.618 99.500 10.324
202109 10.172 100.100 10.853
202112 10.332 100.100 11.024
202203 10.537 101.100 11.131
202206 9.564 101.800 10.034
202209 9.498 103.100 9.839
202212 9.432 104.100 9.677
202303 9.844 104.400 10.070
202306 8.982 105.200 9.119
202309 9.085 106.200 9.136
202312 9.184 106.800 9.184

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  (FRA:DA9) 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 (FRA:DA9) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » DTS Corp (FRA:DA9) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
6-19-13 Shimbashi, Minato-ku, Tokyo, JPN, 105-0004
DTS Corp provides and sells a variety of information technology, or IT, and human resources products and services. The company organizes itself into two segments based on product and service type. The information service segment, which generates the majority of revenue, provides services that include systems integration, system development, and operations management, and sells IT-related products. The human resources segment provides human resource management services. The majority of the firm's customers operate in the financial services sector.

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