GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (MEX:DHT) » Definitions » Cyclically Adjusted Book per Share

DHT Holdings (MEX:DHT) Cyclically Adjusted Book per Share : MXN144.38 (As of Jun. 2024)


View and export this data going back to 2019. Start your Free Trial

What is DHT Holdings 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.

DHT Holdings's adjusted book value per share for the three months ended in Jun. 2024 was MXN117.772. 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 MXN144.38 for the trailing ten years ended in Jun. 2024.

During the past 12 months, DHT Holdings's average Cyclically Adjusted Book Growth Rate was -3.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -18.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -20.80% 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 DHT Holdings was -9.00% per year. The lowest was -23.60% per year. And the median was -18.60% per year.

As of today (2024-09-27), DHT Holdings's current stock price is MXN204.03. DHT Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was MXN144.38. DHT Holdings's Cyclically Adjusted PB Ratio of today is 1.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DHT Holdings was 1.54. The lowest was 0.11. And the median was 0.27.


DHT Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for DHT Holdings'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.

DHT Holdings Cyclically Adjusted Book per Share Chart

DHT Holdings 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 - 312.96 252.26 176.58 143.30

DHT Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 146.66 115.07 143.30 123.30 144.38

Competitive Comparison of DHT Holdings's Cyclically Adjusted Book per Share

For the Oil & Gas Midstream subindustry, DHT Holdings'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.


DHT Holdings's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DHT Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DHT Holdings 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, DHT Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=117.772/132.5538*132.5538
=117.772

Current CPI (Jun. 2024) = 132.5538.

DHT Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 94.034 100.428 124.115
201412 107.205 99.070 143.439
201503 114.206 99.621 151.960
201506 119.194 100.684 156.923
201509 131.132 100.392 173.143
201512 135.374 99.792 179.817
201603 138.390 100.470 182.582
201606 151.329 101.688 197.262
201609 138.380 101.861 180.077
201612 151.154 101.863 196.697
201703 137.973 102.862 177.799
201706 119.698 103.349 153.523
201709 119.287 104.136 151.840
201712 127.682 104.011 162.720
201803 115.215 105.290 145.049
201806 120.405 106.317 150.119
201809 111.687 106.507 139.001
201812 118.562 105.998 148.266
201903 118.787 107.251 146.812
201906 114.455 108.070 140.386
201909 115.987 108.329 141.924
201912 119.779 108.420 146.441
202003 152.978 108.902 186.203
202006 163.609 108.767 199.389
202009 146.736 109.815 177.120
202012 129.151 109.897 155.778
202103 132.754 111.754 157.462
202106 128.763 114.631 148.895
202109 130.241 115.734 149.169
202112 129.328 117.630 145.737
202203 122.806 121.301 134.198
202206 124.999 125.017 132.535
202209 125.165 125.227 132.489
202212 128.070 125.222 135.569
202303 115.640 127.348 120.367
202306 111.620 128.729 114.937
202309 110.582 129.860 112.876
202312 108.293 129.419 110.916
202403 106.929 131.776 107.560
202406 117.772 132.554 117.772

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


DHT Holdings  (MEX:DHT) 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.

DHT Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=204.03/144.38
=1.41

* 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 DHT Holdings was 1.54. The lowest was 0.11. And the median was 0.27.


Be Aware

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


DHT Holdings Cyclically Adjusted Book per Share Related Terms

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


DHT Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (MEX:DHT) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 270,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore. The company generates the majority of its revenue from the shipping revenues.