GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DVS Technology AG (FRA:DIS) » Definitions » Cyclically Adjusted PB Ratio

DVS Technology AG (FRA:DIS) Cyclically Adjusted PB Ratio : (As of May. 12, 2024)


View and export this data going back to 1998. Start your Free Trial

What is DVS Technology AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DVS Technology AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DVS Technology AG'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.

DVS Technology AG Cyclically Adjusted PB Ratio Chart

DVS Technology AG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

DVS Technology AG Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 - - - - -

Competitive Comparison of DVS Technology AG's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, DVS Technology AG'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.


DVS Technology AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DVS Technology AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DVS Technology AG 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.

DVS Technology AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec20 is calculated as:

For example, DVS Technology AG's adjusted Book Value per Share data for the fiscal year that ended in Dec20 was:

Adj_Book=Book Value per Share/CPI of Dec20 (Change)*Current CPI (Dec20)
=10.678/105.5176*105.5176
=10.678

Current CPI (Dec20) = 105.5176.

DVS Technology AG Annual Data

Book Value per Share CPI Adj_Book
201112 8.981 95.998 9.872
201212 9.426 97.957 10.154
201312 9.791 99.356 10.398
201412 57.507 99.543 60.959
201512 10.343 99.717 10.945
201612 10.397 101.217 10.839
201712 10.361 102.617 10.654
201812 10.702 104.217 10.836
201912 11.017 105.818 10.986
202012 10.678 105.518 10.678

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.


DVS Technology AG  (FRA:DIS) 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.


DVS Technology AG Cyclically Adjusted PB Ratio Related Terms

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


DVS Technology AG (FRA:DIS) Business Description

Traded in Other Exchanges
N/A
Address
Johannes-Gutenberg-Strasse 1, Dietzenbach, DEU, D-63128
DVS Technology AG is a holding company in the field of machine tool construction and abrasive agents. The technique offered by its products include honing, drilling, fly cutting and milling among others.