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Dillard's (Dillard's) Cyclically Adjusted PB Ratio : 5.79 (As of Apr. 27, 2024)


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What is Dillard's Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Dillard's's current share price is $448.97. Dillard's's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $77.49. Dillard's's Cyclically Adjusted PB Ratio for today is 5.79.

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

DDS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 2.11   Max: 6.09
Current: 5.75

During the past years, Dillard's's highest Cyclically Adjusted PB Ratio was 6.09. The lowest was 0.43. And the median was 2.11.

DDS's Cyclically Adjusted PB Ratio is ranked worse than
89.26% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs DDS: 5.75

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.

Dillard's's adjusted book value per share data for the three months ended in Jan. 2024 was $104.563. 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 $77.49 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dillard's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dillard's'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.

Dillard's Cyclically Adjusted PB Ratio Chart

Dillard's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 1.56 4.00 5.55 5.00

Dillard's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.55 4.09 4.59 4.05 5.00

Competitive Comparison of Dillard's's Cyclically Adjusted PB Ratio

For the Department Stores subindustry, Dillard's'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.


Dillard's's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dillard's's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dillard's 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.

Dillard's's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=448.97/77.49
=5.79

* 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.

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

For example, Dillard's's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=104.563/129.4194*129.4194
=104.563

Current CPI (Jan. 2024) = 129.4194.

Dillard's Quarterly Data

Book Value per Share CPI Adj_Book
201404 47.104 100.023 60.948
201407 48.029 100.520 61.837
201410 46.084 100.176 59.537
201501 49.021 98.604 64.341
201504 52.723 99.824 68.354
201507 50.244 100.691 64.579
201510 49.494 100.346 63.834
201601 49.980 99.957 64.711
201604 52.468 100.947 67.267
201607 51.686 101.524 65.888
201610 51.827 101.988 65.767
201701 53.406 102.456 67.461
201704 55.423 103.167 69.526
201707 55.076 103.278 69.017
201710 55.423 104.070 68.923
201801 60.774 104.578 75.210
201804 60.945 105.708 74.616
201807 60.666 106.324 73.844
201810 60.419 106.695 73.287
201901 63.699 106.200 77.626
201904 66.548 107.818 79.881
201907 65.053 108.250 77.775
201910 65.279 108.577 77.810
202001 67.086 108.841 79.770
202004 60.195 108.173 72.018
202007 60.678 109.318 71.836
202010 62.765 109.861 73.939
202101 65.500 110.364 76.809
202104 71.855 112.673 82.535
202107 77.757 115.183 87.368
202110 80.487 116.696 89.263
202201 77.091 118.619 84.110
202204 83.554 121.978 88.651
202207 84.559 125.002 87.547
202210 94.114 125.734 96.872
202301 93.297 126.223 95.660
202304 100.187 127.992 101.304
202307 104.081 128.974 104.440
202310 111.266 129.810 110.931
202401 104.563 129.419 104.563

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.


Dillard's  (NYSE:DDS) 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.


Dillard's Cyclically Adjusted PB Ratio Related Terms

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


Dillard's (Dillard's) Business Description

Traded in Other Exchanges
Address
1600 Cantrell Road, Little Rock, AR, USA, 72201
Dillard's Inc is an American fashion apparel, cosmetics, and home furnishings retailer. Its stores offer a large variety of merchandise and feature products from both national and exclusive brand sources. The company also operates a general contracting construction company, CDI Contractors. CDI Contractors' business includes constructing and remodelling stores for Dillards. The merchandise selections include exclusive brand merchandise such as Antonio Melani, Gianni Bini, Daniel Cremieux, Roundtree & Yorke, and private-label merchandise, among others. The company operates in two business segments; Retail Operations and Construction. The Retail Operations segment generates maximum revenue for the company.
Executives
Watts J C Jr director
Tom W Bolin officer: Vice President 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Chris B. Johnson officer: Principal Vice President 1600 CANTRELL RD., LITTLE ROCK AR 72201
Tony J Bolte officer: Vice President 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Mike Litchford officer: Vice President 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Connor William E Ii director 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Reynie Rutledge director 1600 CANTRLL ROAD, LITTLE ROCK AR 72201
Warren A Stephens director 111 CENTER STREET, LITTLE ROCK AR 72201
Dean L. Worley officer: VP/General Counsel & Secretary 1600 CANTRELL RD., LITTLE ROCK AR 72201
Jame I Freeman director, officer: Senior Vice President and CFO 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Rob C Holmes director 2000 MCKINNEY AVE, STE 700, DALLAS TX 75201
Dillard William T. Iii officer: Vice President 1600 CANTRELL RD., LITTLE ROCK AR 72201
Drue Corbusier director, officer: Executive Vice President 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Hastings H. Lee Iii director 1600 CANTRELL ROAD, LITTLE ROCK AR 72201
Robert C Connor director

Dillard's (Dillard's) Headlines

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