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Deluxe (FRA:DL8) Cyclically Adjusted PB Ratio : 1.04 (As of Sep. 21, 2024)


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What is Deluxe Cyclically Adjusted PB Ratio?

As of today (2024-09-21), Deluxe's current share price is €17.80. Deluxe's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €17.10. Deluxe's Cyclically Adjusted PB Ratio for today is 1.04.

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

FRA:DL8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 3.41   Max: 18.98
Current: 1.03

During the past years, Deluxe's highest Cyclically Adjusted PB Ratio was 18.98. The lowest was 0.80. And the median was 3.41.

FRA:DL8's Cyclically Adjusted PB Ratio is ranked better than
50.5% of 606 companies
in the Media - Diversified industry
Industry Median: 1.08 vs FRA:DL8: 1.03

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.

Deluxe's adjusted book value per share data for the three months ended in Jun. 2024 was €13.026. 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 €17.10 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deluxe Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deluxe'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.

Deluxe Cyclically Adjusted PB Ratio Chart

Deluxe 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 3.66 2.00 1.97 0.96 1.16

Deluxe Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.95 1.02 1.16 1.10 1.19

Competitive Comparison of Deluxe's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, Deluxe'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.


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

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

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



Deluxe 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.80/17.1
=1.04

* 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.

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

For example, Deluxe'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)
=13.026/132.5538*132.5538
=13.026

Current CPI (Jun. 2024) = 132.5538.

Deluxe Quarterly Data

Book Value per Share CPI Adj_Book
201409 9.439 100.428 12.458
201412 10.557 99.070 14.125
201503 12.580 99.621 16.739
201506 12.939 100.684 17.035
201509 13.035 100.392 17.211
201512 13.953 99.792 18.534
201603 14.392 100.470 18.988
201606 14.908 101.688 19.433
201609 15.587 101.861 20.284
201612 17.203 101.863 22.386
201703 17.604 102.862 22.685
201706 17.468 103.349 22.404
201709 16.573 104.136 21.096
201712 17.886 104.011 22.794
201803 17.828 105.290 22.444
201806 19.325 106.317 24.094
201809 17.680 106.507 22.004
201812 18.022 105.998 22.537
201903 18.203 107.251 22.498
201906 18.434 108.070 22.610
201909 11.335 108.329 13.870
201912 12.196 108.420 14.911
202003 10.289 108.902 12.524
202006 10.296 108.767 12.548
202009 10.363 109.815 12.509
202012 10.052 109.897 12.124
202103 11.145 111.754 13.219
202106 10.772 114.631 12.456
202109 11.126 115.734 12.743
202112 11.909 117.630 13.420
202203 12.242 121.301 13.378
202206 13.097 125.017 13.887
202209 14.088 125.227 14.912
202212 13.193 125.222 13.965
202303 12.803 127.348 13.326
202306 12.977 128.729 13.363
202309 12.844 129.860 13.110
202312 12.664 129.419 12.971
202403 12.696 131.776 12.771
202406 13.026 132.554 13.026

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.


Deluxe  (FRA:DL8) 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.


Deluxe Cyclically Adjusted PB Ratio Related Terms

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


Deluxe Business Description

Traded in Other Exchanges
Address
801 S. Marquette Avenue, Minneapolis, MN, USA, 55402-2807
Deluxe Corporation engaged in providing payment solutions. The company operates in 4 segments. Payments includes merchant in-store, online and mobile payment solutions; treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management; payroll and disbursement services, including Deluxe Payment Exchange; and fraud and security services. Data Solutions includes data-driven marketing solutions; hosted solutions, including digital engagement, logo design; web hosting and design services. Promotional Solutions includes business forms, accessories, advertising specialties and promotional apparel. Checks includes printed business and personal checks.

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