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Sirona Dental Systems (Sirona Dental Systems) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is Sirona Dental Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sirona Dental Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sirona Dental Systems'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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Sirona Dental Systems Cyclically Adjusted PB Ratio Chart

Sirona Dental Systems Annual Data
Trend Mar06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Cyclically Adjusted PB Ratio
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Sirona Dental Systems Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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Competitive Comparison of Sirona Dental Systems's Cyclically Adjusted PB Ratio

For the Medical Instruments & Supplies subindustry, Sirona Dental Systems'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.


Sirona Dental Systems's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sirona Dental Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sirona Dental Systems 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.

Sirona Dental Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2015 is calculated as:

For example, Sirona Dental Systems's adjusted Book Value per Share data for the three months ended in Dec. 2015 was:

Adj_Book=Book Value per Share/CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=24.383/99.7924*99.7924
=24.383

Current CPI (Dec. 2015) = 99.7924.

Sirona Dental Systems Quarterly Data

Book Value per Share CPI Adj_Book
200603 4.298 84.298 5.088
200606 8.903 85.606 10.378
200609 8.934 85.606 10.415
200612 9.228 85.142 10.816
200703 9.428 86.640 10.859
200706 9.614 87.906 10.914
200709 11.121 87.964 12.616
200712 11.804 88.616 13.293
200803 12.754 90.090 14.128
200806 12.944 92.320 13.992
200809 12.036 92.307 13.012
200812 11.957 88.697 13.453
200903 11.623 89.744 12.924
200906 12.603 91.003 13.820
200909 13.546 91.120 14.835
200912 13.981 91.111 15.313
201003 13.603 91.821 14.784
201006 13.050 91.962 14.161
201009 14.563 92.162 15.769
201012 15.150 92.474 16.349
201103 16.463 94.283 17.425
201106 17.435 95.235 18.269
201109 16.703 95.727 17.412
201112 16.784 95.213 17.591
201203 17.649 96.783 18.198
201206 17.276 96.819 17.807
201209 17.971 97.633 18.368
201212 18.826 96.871 19.394
201303 18.891 98.209 19.195
201306 19.863 98.518 20.120
201309 21.011 98.790 21.224
201312 22.120 98.326 22.450
201403 22.791 99.695 22.813
201406 23.451 100.560 23.272
201409 22.737 100.428 22.593
201412 22.959 99.070 23.126
201503 21.585 99.621 21.622
201506 22.991 100.684 22.787
201509 23.941 100.392 23.798
201512 24.383 99.792 24.383

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.


Sirona Dental Systems  (NAS:SIRO) 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.


Sirona Dental Systems Cyclically Adjusted PB Ratio Related Terms

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Sirona Dental Systems (Sirona Dental Systems) Business Description

Traded in Other Exchanges
N/A
Address
Sirona Dental Systems Inc was founded in 1997 and completed an initial public offering of its common stock on July 1, 1997. The Company is a manufacturer of high-quality, dental equipment, and is engaged in developing, manufacturing and marketing solutions for dentists around the world. The Company provides products in each of its four product segments: Dental CAD/CAM Systems; Imaging Systems; Treatment Centers; and Instruments. The Company markets its products globally to dental practices, clinics and laboratories through an international network of distributors. The dental market encompasses the diagnosis, treatment and prevention of disease and ailments of the teeth, gums and supporting bone. Recent technological advancements in the dental equipment industry include 3D radiography, digital radiography, CAD/CAM technology, intra oral cameras and periodontal instruments. The market it serves comprises the whole working environment of a dentist or dental technician, including the dentist's chair, lights, imaging systems and dental CAD/CAM systems, instruments, as well as practice furniture and other dental or lab-based systems. Dental CAD/CAM Systems address the market for dental restorations, which includes several types of restorations, such as inlays, onlays, veneers, crowns, bridges, copings and bridge frameworks made from ceramic, metal or composite blocks. The Company has developed a range of imaging systems for 2D and 3D, panoramic and intra-oral applications that allow the dentist to accommodate the patient in a more efficient manner. Treatment Centers comprise products from basic dentist chairs to sophisticated chair-based units with integrated diagnostic, hygiene and ergonomic functionalities, as well as specialist centers used in preventative treatment and for training purposes. In July 2008, the Company launched its new TENEO Treatment Center, which combines technology with a timeless design that provides both patient and dentist with the ultimate in convenience and comfort. The Company offers a range of instruments, including handheld and power-operated handpieces for cavity preparation, endodontics, periodontology and prophylaxis. The instruments are supplemented by multi-function tips, supply and suction hoses, as well as care and hygiene systems for instrument preparation. Its product information is actively made available to business publications, dentists, journals, professional organizations and dental schools, and its website. Sirona distributes its products globally to dental practices, clinics and laboratories through an international network of more than 480 distributors. The Companys registered trademarks include, Sirona, CEREC, Orthophos, Heliodent, inLab, CDR, and Schick. It competes with different companies which include international companies as well as smaller companies that compete regionally or on a narrower product line. The Company is subject to government regulations applicable to all businesses
Executives
Kraemer Harry M Jansen Jr director DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Arthur D Kowaloff director DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Walter Petersohn officer: Executive VP of Sales C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
David Beecken director DENTSPLY SIRONA INC, 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
Thomas Jetter director DENTSPLY SIRONA INC, 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
Ulrich Michel officer: CFO and Exec. Vice President CHAUSEE DE WAVRE, 1789, CARE OF WABCO HOLDINGS INC, BRUSSELS C9 1160
Rainer Berthan officer: Executive VP C/O SIRONA DENTAL SYSTEMS, INC., FABRIKSTRASSE, BENSHEIM 2M 31D-64625
Jeffrey Slovin director, officer: Chief Executive Officer DENTSPLY SIRONA INC., 30-30 47TH AVE, SUITE 500, LONG ISLAND CITY NY 11101
Jonathan I Friedman officer: General Counsel and Secretary DENTSPLY SIRONA INC., 30-30 47TH AVENUE, SUITE 500, LONG ISLAND CITY NY 11101
Timothy P Sullivan director THREE FIRST NATIONAL PLZ, SUITE 3800, CHICAGO IL 60602
Simone Blank director, officer: Executive VP and CFO C/O SIRONA, WASSERFELDSTRASSE 30 A-5020, SALZBURG C4 5020
Nicholas W Alexos director C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Stephen Rosenberg 10 percent owner 1004 FARNAM STREET, SUITE 400, OMAHA NE 68102
Uri Landesman director 230 PARK AVENUE, NEW YORK NY 10169

Sirona Dental Systems (Sirona Dental Systems) Headlines