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Desa Deri venayi Ticaret AS (IST:DESA) Cyclically Adjusted PB Ratio : 29.50 (As of May. 15, 2024)


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What is Desa Deri venayi Ticaret AS Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Desa Deri venayi Ticaret AS's current share price is ₺28.32. Desa Deri venayi Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺0.96. Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio for today is 29.50.

The historical rank and industry rank for Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:DESA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.45   Med: 9.07   Max: 34.87
Current: 32.98

During the past years, Desa Deri venayi Ticaret AS's highest Cyclically Adjusted PB Ratio was 34.87. The lowest was 4.45. And the median was 9.07.

IST:DESA's Cyclically Adjusted PB Ratio is ranked worse than
98.95% of 664 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.01 vs IST:DESA: 32.98

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.

Desa Deri venayi Ticaret AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺6.628. 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 ₺0.96 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Desa Deri venayi Ticaret AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Desa Deri venayi Ticaret AS'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.

Desa Deri venayi Ticaret AS Cyclically Adjusted PB Ratio Chart

Desa Deri venayi Ticaret AS 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 - 6.54 4.93 22.12 18.11

Desa Deri venayi Ticaret AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 22.12 17.17 16.94 30.37 18.11

Competitive Comparison of Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Desa Deri venayi Ticaret AS'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.


Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio falls into.



Desa Deri venayi Ticaret AS 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.

Desa Deri venayi Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.32/0.96
=29.50

* 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.

Desa Deri venayi Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Desa Deri venayi Ticaret AS's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.628/129.4194*129.4194
=6.628

Current CPI (Dec. 2023) = 129.4194.

Desa Deri venayi Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.263 100.428 0.339
201412 0.278 99.070 0.363
201503 0.274 99.621 0.356
201506 0.264 100.684 0.339
201509 0.242 100.392 0.312
201512 0.259 99.792 0.336
201603 0.253 100.470 0.326
201606 0.254 101.688 0.323
201609 0.235 101.861 0.299
201612 0.203 101.863 0.258
201703 0.183 102.862 0.230
201706 0.189 103.349 0.237
201709 0.186 104.136 0.231
201712 0.285 104.011 0.355
201803 0.288 105.290 0.354
201806 0.284 106.317 0.346
201809 0.281 106.507 0.341
201812 0.308 105.998 0.376
201903 0.324 107.251 0.391
201906 0.339 108.070 0.406
201909 0.369 108.329 0.441
201912 0.383 108.420 0.457
202003 0.386 108.902 0.459
202006 0.362 108.767 0.431
202009 0.380 109.815 0.448
202012 0.386 109.897 0.455
202103 0.384 111.754 0.445
202106 0.388 114.631 0.438
202109 0.412 115.734 0.461
202112 0.849 117.630 0.934
202203 0.927 121.301 0.989
202206 1.117 125.017 1.156
202209 1.515 125.227 1.566
202212 4.503 125.222 4.654
202303 2.483 127.348 2.523
202306 3.275 128.729 3.293
202309 4.010 129.860 3.996
202312 6.628 129.419 6.628

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.


Desa Deri venayi Ticaret AS  (IST:DESA) 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.


Desa Deri venayi Ticaret AS Cyclically Adjusted PB Ratio Related Terms

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


Desa Deri venayi Ticaret AS (IST:DESA) Business Description

Traded in Other Exchanges
N/A
Address
Halkali Cad. Number 208, Sefakoy, Istanbul, TUR, 34295
Desa Deri ve Sanayi Ticaret AS designs, manufactures, markets, and sells leather apparel and accessories for men and women. The company's products include leather jackets, wallets, iPad case, and handbags, among others.

Desa Deri venayi Ticaret AS (IST:DESA) Headlines

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