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Directv (FRA:DIG1) Cyclically Adjusted PB Ratio : (As of May. 17, 2024)


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What is Directv Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Directv Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Directv'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.

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Directv Cyclically Adjusted PB Ratio Chart

Directv Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Directv Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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Competitive Comparison of Directv's Cyclically Adjusted PB Ratio

For the Broadcasting subindustry, Directv'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.


Directv's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Directv's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Directv 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.

Directv's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2015 is calculated as:

For example, Directv's adjusted Book Value per Share data for the three months ended in Mar. 2015 was:

Adj_Book=Book Value per Share/CPI of Mar. 2015 (Change)*Current CPI (Mar. 2015)
=-8.52/99.6211*99.6211
=-8.520

Current CPI (Mar. 2015) = 99.6211.

Directv Quarterly Data

Book Value per Share CPI Adj_Book
200506 4.543 82.062 5.515
200509 4.572 83.876 5.430
200512 4.812 83.032 5.773
200603 4.165 84.298 4.922
200606 3.862 85.606 4.494
200609 4.005 85.606 4.661
200612 4.124 85.142 4.825
200703 4.289 86.640 4.932
200706 4.283 87.906 4.854
200709 3.954 87.964 4.478
200712 3.767 88.616 4.235
200803 3.759 90.090 4.157
200806 3.761 92.320 4.058
200809 3.802 92.307 4.103
200812 3.369 88.697 3.784
200903 3.433 89.744 3.811
200906 3.277 91.003 3.587
200909 2.931 91.120 3.204
200912 2.140 91.111 2.340
201003 2.346 91.821 2.545
201006 1.380 91.962 1.495
201009 0.613 92.162 0.663
201012 -0.181 92.474 -0.195
201103 -0.826 94.283 -0.873
201106 -1.507 95.235 -1.576
201109 -2.739 95.727 -2.850
201112 -3.416 95.213 -3.574
201203 -4.147 96.783 -4.269
201206 -5.400 96.819 -5.556
201209 -6.342 97.633 -6.471
201212 -7.052 96.871 -7.252
201303 -8.440 98.209 -8.561
201306 -8.361 98.518 -8.455
201309 -9.311 98.790 -9.389
201312 -9.199 98.326 -9.320
201403 -9.825 99.695 -9.818
201406 -9.556 100.560 -9.467
201409 -9.186 100.428 -9.112
201412 -8.410 99.070 -8.457
201503 -8.520 99.621 -8.520

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.


Directv  (FRA:DIG1) 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.


Directv Cyclically Adjusted PB Ratio Related Terms

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


Directv (FRA:DIG1) Business Description

Traded in Other Exchanges
N/A
Address
Directv was incorporated in Delaware in 2009. The Company is a provider of digital television entertainment in the United States and Latin America. It operates two direct-to-home, or DTH, business units: DIRECTV U.S. and DIRECTV Latin America, which are differentiated by their geographic location and are engaged in acquiring, promoting, selling and distributing digital entertainment programming via satellite to residential and commercial subscribers. In addition, the Company owns and operate two regional sports networks, or RSNs, hold a minority ownership interest in ROOT SPORTS Northwest and own a 42% interest in Game Show Network, LLC, or GSN, a television network dedicated to game-related programming and Internet interactive game playing. The Company face substantial competition in the MVPD industry and from emerging digital media distribution providers. Its competition includes companies that offer video, audio, interactive programming, telephony, data and other entertainment services, such as cable television, other DTH companies, telcos, wireless companies and companies that are developing new technologies, including online video distributors. The Company provides services in PanAmericana and Brazil from leased transponders on two geosynchronous satellites. Sky Mexico provides its services from leased transponders on a separate satellite. In addition, it leases a backup satellite that serves Sky Brasil and Sky Mexico. The Company is subject to government regulation in the United States, by the FCC and by other federal, state and local authorities. The Company is subject to similar regulatory agencies in Latin America. It is also subject to the rules and procedures of the International Telecommunication Union, or ITU, a agency of the United Nations, which coordinates telecommunications networks and services.

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