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DexCom (XTER:DC4) Cyclically Adjusted PB Ratio : 41.10 (As of May. 24, 2024)


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What is DexCom Cyclically Adjusted PB Ratio?

As of today (2024-05-24), DexCom's current share 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 for today is 41.10.

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

XTER:DC4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 27.11   Med: 58.27   Max: 124.32
Current: 40.4

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

XTER:DC4's Cyclically Adjusted PB Ratio is ranked worse than
98.94% of 470 companies
in the Medical Devices & Instruments industry
Industry Median: 2.13 vs XTER:DC4: 40.40

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


DexCom Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DexCom'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.

DexCom Cyclically Adjusted PB Ratio Chart

DexCom 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 70.20 81.33 78.75 48.86 42.44

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 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 46.61 48.54 33.22 42.44 44.61

Competitive Comparison of DexCom's Cyclically Adjusted PB Ratio

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 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.

DexCom's Cyclically Adjusted PB Ratio for 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.

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

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.

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.


DexCom  (XTER:DC4) 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.


DexCom Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of DexCom's Cyclically Adjusted PB Ratio 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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