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Diana Shipping (STU:DSZ) Cyclically Adjusted Book per Share : €8.92 (As of Dec. 2023)


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What is Diana Shipping 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.

Diana Shipping's adjusted book value per share for the three months ended in Dec. 2023 was €3.966. 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 €8.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Diana Shipping's average Cyclically Adjusted Book Growth Rate was -8.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -5.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.20% 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 Diana Shipping was 5.40% per year. The lowest was -5.70% per year. And the median was -3.90% per year.

As of today (2024-05-26), Diana Shipping's current stock price is €2.876. Diana Shipping's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €8.92. Diana Shipping's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Diana Shipping was 1.10. The lowest was 0.10. And the median was 0.31.


Diana Shipping Cyclically Adjusted Book per Share Historical Data

The historical data trend for Diana Shipping'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.

Diana Shipping Cyclically Adjusted Book per Share Chart

Diana Shipping 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 10.92 9.04 9.41 9.72 8.92

Diana Shipping 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 9.72 9.43 9.37 9.37 8.92

Competitive Comparison of Diana Shipping's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Diana Shipping'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.


Diana Shipping's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Diana Shipping 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, Diana Shipping'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)
=3.966/116.3641*116.3641
=3.966

Current CPI (Dec. 2023) = 116.3641.

Diana Shipping Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.444 102.748 12.961
201406 11.673 103.060 13.180
201409 12.291 102.624 13.937
201412 12.703 100.254 14.744
201503 14.327 100.549 16.580
201506 13.670 100.838 15.775
201509 13.376 100.856 15.433
201512 13.549 100.087 15.753
201603 12.920 99.041 15.180
201606 12.474 100.121 14.498
201609 11.354 99.878 13.228
201612 11.826 100.110 13.746
201703 11.205 100.770 12.939
201706 9.101 101.138 10.471
201709 8.389 100.882 9.676
201712 4.974 100.762 5.744
201803 4.675 100.534 5.411
201806 4.952 102.121 5.643
201809 5.078 101.982 5.794
201812 5.317 101.330 6.106
201903 5.196 101.482 5.958
201906 5.467 101.837 6.247
201909 5.668 101.906 6.472
201912 5.626 102.120 6.411
202003 4.640 101.479 5.321
202006 4.447 100.239 5.162
202009 4.151 99.886 4.836
202012 3.946 99.751 4.603
202103 3.782 99.817 4.409
202106 3.769 101.270 4.331
202109 3.862 102.095 4.402
202112 4.109 104.853 4.560
202203 4.244 108.651 4.545
202206 4.602 113.517 4.717
202209 5.019 114.371 5.106
202212 4.481 112.428 4.638
202303 4.317 113.620 4.421
202306 4.226 115.515 4.257
202309 4.211 116.234 4.216
202312 3.966 116.364 3.966

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


Diana Shipping  (STU:DSZ) 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.

Diana Shipping's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.876/8.92
=0.32

* 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 Diana Shipping was 1.10. The lowest was 0.10. And the median was 0.31.


Be Aware

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


Diana Shipping Cyclically Adjusted Book per Share Related Terms

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


Diana Shipping (STU:DSZ) Business Description

Industry
Traded in Other Exchanges
Address
175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64
Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.

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