GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Dnow Inc (NYSE:DNOW) » Definitions » Cyclically Adjusted PB Ratio

Dnow (DNOW) Cyclically Adjusted PB Ratio : 1.10 (As of Jan. 18, 2025)


View and export this data going back to 2014. Start your Free Trial

What is Dnow Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Dnow's current share price is $13.72. Dnow's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $12.49. Dnow's Cyclically Adjusted PB Ratio for today is 1.10.

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

DNOW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.93   Max: 1.2
Current: 1.1

During the past years, Dnow's highest Cyclically Adjusted PB Ratio was 1.20. The lowest was 0.69. And the median was 0.93.

DNOW's Cyclically Adjusted PB Ratio is ranked better than
53.17% of 126 companies
in the Industrial Distribution industry
Industry Median: 1.27 vs DNOW: 1.10

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.

Dnow's adjusted book value per share data for the three months ended in Sep. 2024 was $10.507. 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 $12.49 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dnow Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dnow'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.

Dnow Cyclically Adjusted PB Ratio Chart

Dnow Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.95 0.86

Dnow Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.88 0.86 1.16 1.07 1.03

Competitive Comparison of Dnow's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, Dnow'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.


Dnow's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Dnow's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dnow 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.72/12.49
=1.10

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=10.507/133.0289*133.0289
=10.507

Current CPI (Sep. 2024) = 133.0289.

Dnow Quarterly Data

Book Value per Share CPI Adj_Book
201412 18.362 99.070 24.656
201503 17.933 99.621 23.947
201506 17.933 100.684 23.694
201509 15.466 100.392 20.494
201512 13.085 99.792 17.443
201603 12.734 100.470 16.861
201606 12.301 101.688 16.092
201609 11.798 101.861 15.408
201612 11.007 101.863 14.375
201703 10.913 102.862 14.113
201706 10.917 103.349 14.052
201709 11.011 104.136 14.066
201712 10.969 104.011 14.029
201803 10.857 105.290 13.717
201806 10.970 106.317 13.726
201809 11.225 106.507 14.020
201812 11.196 105.998 14.051
201903 11.453 107.251 14.206
201906 11.618 108.070 14.301
201909 11.645 108.329 14.300
201912 10.475 108.420 12.853
202003 7.026 108.902 8.583
202006 6.829 108.767 8.352
202009 6.683 109.815 8.096
202012 6.357 109.897 7.695
202103 6.276 111.754 7.471
202106 6.295 114.631 7.305
202109 6.322 115.734 7.267
202112 6.431 117.630 7.273
202203 6.741 121.301 7.393
202206 7.009 125.017 7.458
202209 7.267 125.227 7.720
202212 7.629 125.222 8.105
202303 7.849 127.348 8.199
202306 8.190 128.729 8.464
202309 8.502 129.860 8.710
202312 9.976 129.419 10.254
202403 10.076 131.776 10.172
202406 10.277 132.554 10.314
202409 10.507 133.029 10.507

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.


Dnow  (NYSE:DNOW) 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.


Dnow Cyclically Adjusted PB Ratio Related Terms

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


Dnow Business Description

Traded in Other Exchanges
Address
7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a company engaged in world-wide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. It offers a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.
Executives
Paul M Coppinger director
Fanny R. Surratt officer: See Remarks NOW INC., C/O RAYMOND CHANG, 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Raymond W Chang officer: VP and General Counsel 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
David A Cherechinsky officer: Sr. Vice President and CFO 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Mark B Johnson officer: See Remarks 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Karen David-green director C/O WINSTON & STRAWN LLP, 800 CAPITOL ST., SUITE 2400, HOUSTON TX 77002
Sonya Reed director 4 TESSENEER DRIVE, HIGHLAND HEIGHTS KY 41076
Kelly T. Munson officer: See Remarks NOW INC., C/O RAYMOND CHANG, 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Richard J Alario director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Rodney W Eads director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
J. Wayne Richards director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Galen Cobb director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Terry Bonno director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
James Crandell director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Daniel L Molinaro officer: Executive Vice President 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041

Dnow Headlines

From GuruFocus

Q1 2024 DNOW Inc Earnings Call Transcript

By GuruFocus Research 05-13-2024

Q3 2022 NOW Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q1 2023 NOW Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

Q4 2023 Dnow Inc Earnings Call Transcript

By GuruFocus Research 02-28-2024

DNOW Reports Third Quarter 2024 Results

By Business Wire 11-07-2024

DNOW Reports Second Quarter 2024 Results

By Business Wire 08-07-2024

Q4 2022 NOW Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024