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Desa Deri venayi Ticaret AS (IST:DESA) Cyclically Adjusted Book per Share : ₺0.96 (As of Dec. 2023)


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What is Desa Deri venayi Ticaret 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.

Desa Deri venayi Ticaret AS's adjusted book value per share for the three months ended in Dec. 2023 was ₺6.628. 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 ₺0.96 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Desa Deri venayi Ticaret AS's average Cyclically Adjusted Book Growth Rate was 77.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 47.40% 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 Desa Deri venayi Ticaret AS was 47.40% per year. The lowest was 47.40% per year. And the median was 47.40% per year.

As of today (2024-05-15), Desa Deri venayi Ticaret AS's current stock price is ₺28.32. Desa Deri venayi Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺0.96. Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio of today is 29.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Desa Deri venayi Ticaret AS was 34.87. The lowest was 4.45. And the median was 9.07.


Desa Deri venayi Ticaret AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Desa Deri venayi Ticaret 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.

Desa Deri venayi Ticaret AS Cyclically Adjusted Book per Share Chart

Desa Deri venayi Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.30 0.34 0.54 0.96

Desa Deri venayi Ticaret AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.54 0.61 0.69 0.79 0.96

Competitive Comparison of Desa Deri venayi Ticaret AS's Cyclically Adjusted Book per Share

For the Footwear & Accessories subindustry, Desa Deri venayi Ticaret 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.


Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio falls into.



Desa Deri venayi Ticaret 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, Desa Deri venayi Ticaret AS'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)
=6.628/129.4194*129.4194
=6.628

Current CPI (Dec. 2023) = 129.4194.

Desa Deri venayi Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.263 100.428 0.339
201412 0.278 99.070 0.363
201503 0.274 99.621 0.356
201506 0.264 100.684 0.339
201509 0.242 100.392 0.312
201512 0.259 99.792 0.336
201603 0.253 100.470 0.326
201606 0.254 101.688 0.323
201609 0.235 101.861 0.299
201612 0.203 101.863 0.258
201703 0.183 102.862 0.230
201706 0.189 103.349 0.237
201709 0.186 104.136 0.231
201712 0.285 104.011 0.355
201803 0.288 105.290 0.354
201806 0.284 106.317 0.346
201809 0.281 106.507 0.341
201812 0.308 105.998 0.376
201903 0.324 107.251 0.391
201906 0.339 108.070 0.406
201909 0.369 108.329 0.441
201912 0.383 108.420 0.457
202003 0.386 108.902 0.459
202006 0.362 108.767 0.431
202009 0.380 109.815 0.448
202012 0.386 109.897 0.455
202103 0.384 111.754 0.445
202106 0.388 114.631 0.438
202109 0.412 115.734 0.461
202112 0.849 117.630 0.934
202203 0.927 121.301 0.989
202206 1.117 125.017 1.156
202209 1.515 125.227 1.566
202212 4.503 125.222 4.654
202303 2.483 127.348 2.523
202306 3.275 128.729 3.293
202309 4.010 129.860 3.996
202312 6.628 129.419 6.628

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


Desa Deri venayi Ticaret AS  (IST:DESA) 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.

Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.32/0.96
=29.50

* 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 Desa Deri venayi Ticaret AS was 34.87. The lowest was 4.45. And the median was 9.07.


Be Aware

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


Desa Deri venayi Ticaret AS Cyclically Adjusted Book per Share Related Terms

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


Desa Deri venayi Ticaret AS (IST:DESA) Business Description

Traded in Other Exchanges
N/A
Address
Halkali Cad. Number 208, Sefakoy, Istanbul, TUR, 34295
Desa Deri ve Sanayi Ticaret AS designs, manufactures, markets, and sells leather apparel and accessories for men and women. The company's products include leather jackets, wallets, iPad case, and handbags, among others.

Desa Deri venayi Ticaret AS (IST:DESA) Headlines

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