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DSDVY (DSV AS) Cyclically Adjusted Book per Share : $16.19 (As of Mar. 2025)


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What is DSV AS Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

DSV AS's adjusted book value per share for the three months ended in Mar. 2025 was $35.129. 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 $16.19 for the trailing ten years ended in Mar. 2025.

During the past 12 months, DSV AS's average Cyclically Adjusted Book Growth Rate was 22.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 26.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 29.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of DSV AS was 34.30% per year. The lowest was 24.60% per year. And the median was 29.00% per year.

As of today (2025-05-19), DSV AS's current stock price is $120.17. DSV AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $16.19. DSV AS's Cyclically Adjusted PB Ratio of today is 7.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DSV AS was 19.23. The lowest was 5.02. And the median was 11.57.


DSV AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for DSV AS's Cyclically Adjusted Book per Share 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.

DSV AS Cyclically Adjusted Book per Share Chart

DSV AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.34 7.86 10.31 12.77 14.52

DSV AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 13.18 13.59 14.81 14.52 16.19

Competitive Comparison of DSV AS's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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DSV AS Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, DSV AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=35.129/120.2000*120.2000
=35.129

Current CPI (Mar. 2025) = 120.2000.

DSV AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.842 100.300 3.406
201509 2.878 100.200 3.452
201512 4.685 99.800 5.643
201603 4.634 100.200 5.559
201606 4.847 100.600 5.791
201609 5.098 100.200 6.116
201612 5.128 100.300 6.145
201703 5.395 101.200 6.408
201706 5.871 101.200 6.973
201709 6.263 101.800 7.395
201712 6.408 101.300 7.604
201803 6.550 101.700 7.741
201806 6.522 102.300 7.663
201809 6.620 102.400 7.771
201812 6.236 102.100 7.342
201903 6.333 102.900 7.398
201906 6.595 102.900 7.704
201909 16.162 102.900 18.879
201912 16.063 102.900 18.764
202003 15.113 103.300 17.586
202006 15.725 103.200 18.315
202009 16.719 103.500 19.417
202012 17.135 103.400 19.919
202103 16.375 104.300 18.871
202106 16.538 105.000 18.932
202109 24.707 105.800 28.070
202112 24.040 106.600 27.107
202203 24.146 109.900 26.409
202206 24.478 113.600 25.900
202209 23.812 116.400 24.589
202212 23.476 115.900 24.347
202303 23.464 117.300 24.044
202306 23.856 116.400 24.635
202309 23.760 117.400 24.327
202312 24.029 116.700 24.750
202403 23.969 118.400 24.333
202406 24.592 118.500 24.945
202409 25.807 118.900 26.089
202412 34.119 118.900 34.492
202503 35.129 120.200 35.129

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


DSV AS  (OTCPK:DSDVY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

DSV AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=120.17/16.19
=7.42

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DSV AS was 19.23. The lowest was 5.02. And the median was 11.57.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


DSV AS Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of DSV AS's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


DSV AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OTCPK:DSDVY) » Definitions » Cyclically Adjusted Book per Share
Address
Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, and sea, with the bulk of its activities coming from airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021, and is due to acquire DB Schenker in the second quarter of 2025, which would make it the largest sea freight forwarder.

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