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Dassault Systemes SE (FRA:DSY) Cyclically Adjusted PB Ratio : 8.89 (As of May. 22, 2024)


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What is Dassault Systemes SE Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Dassault Systemes SE's current share price is €38.40. Dassault Systemes SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.32. Dassault Systemes SE's Cyclically Adjusted PB Ratio for today is 8.89.

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

FRA:DSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.09   Med: 9.46   Max: 18.25
Current: 8.73

During the past years, Dassault Systemes SE's highest Cyclically Adjusted PB Ratio was 18.25. The lowest was 6.09. And the median was 9.46.

FRA:DSY's Cyclically Adjusted PB Ratio is ranked worse than
87.19% of 1350 companies
in the Software industry
Industry Median: 2.61 vs FRA:DSY: 8.73

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.

Dassault Systemes SE's adjusted book value per share data for the three months ended in Mar. 2024 was €6.268. 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 €4.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dassault Systemes SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dassault Systemes SE'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.

Dassault Systemes SE Cyclically Adjusted PB Ratio Chart

Dassault Systemes SE 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 11.28 11.78 16.46 9.03 10.56

Dassault Systemes SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.77 10.18 8.61 10.56 9.49

Competitive Comparison of Dassault Systemes SE's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Dassault Systemes SE'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.


Dassault Systemes SE's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Dassault Systemes SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dassault Systemes SE 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.

Dassault Systemes SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.40/4.32
=8.89

* 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.

Dassault Systemes SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dassault Systemes SE's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.268/119.4700*119.4700
=6.268

Current CPI (Mar. 2024) = 119.4700.

Dassault Systemes SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.083 100.180 2.484
201409 2.230 99.920 2.666
201412 2.340 99.860 2.800
201503 2.574 100.170 3.070
201506 2.536 100.440 3.016
201509 2.577 99.950 3.080
201512 2.733 100.040 3.264
201603 2.729 100.020 3.260
201606 2.759 100.630 3.276
201609 2.866 100.340 3.412
201612 3.044 100.650 3.613
201703 3.093 101.170 3.652
201706 2.996 101.320 3.533
201709 2.965 101.330 3.496
201712 3.120 101.850 3.660
201803 3.182 102.750 3.700
201806 3.447 103.370 3.984
201809 3.341 103.560 3.854
201812 3.528 103.470 4.074
201903 3.730 103.890 4.289
201906 3.690 104.580 4.215
201909 3.991 104.500 4.563
201912 4.015 104.980 4.569
202003 4.182 104.590 4.777
202006 4.074 104.790 4.645
202009 3.951 104.550 4.515
202012 3.877 104.960 4.413
202103 4.271 105.750 4.825
202106 4.262 106.340 4.788
202109 4.562 106.810 5.103
202112 4.730 107.850 5.240
202203 5.038 110.490 5.447
202206 5.326 112.550 5.653
202209 5.943 112.740 6.298
202212 5.564 114.160 5.823
202303 5.682 116.790 5.812
202306 5.673 117.650 5.761
202309 5.926 118.260 5.987
202312 5.958 118.390 6.012
202403 6.268 119.470 6.268

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.


Dassault Systemes SE  (FRA:DSY) 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.


Dassault Systemes SE Cyclically Adjusted PB Ratio Related Terms

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


Dassault Systemes SE (FRA:DSY) Business Description

Industry
Address
10, Rue Marcel Dassault, Velizy-Villacoublay, FRA, 78140
Dassault Systèmes is a leading provider of computer-assisted design and product lifecycle management software, serving customers like Boeing and Tesla throughout the production process. The company's top line largely depends on the transportation and mobility, industrial equipment, and aerospace and defense industries.

Dassault Systemes SE (FRA:DSY) Headlines