Dickson Concepts (International) (STU:DCK) Cyclically Adjusted PB Ratio: 0.80 (As of Jul. 29, 2026) — 38% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:DCK Dickson Concepts (International) Ltd STU:DCK
70 GF Score
Price €0.64
GF Value €0.44
! 4 Warning Signs
View Full Analysis

What is Dickson Concepts (International) Cyclically Adjusted PB Ratio?

Dickson Concepts (International) STU:DCK 70 Cyclically Adjusted PB Ratio is 0.80 as of Jul. 29, 2026, which is 38% above its 10-year median of 0.58. GuruFocus rates STU:DCK with a GF Score™ of 70/100 and a GF Value™ of €0.44. The stock has 4 warning signs investors should review. Among 808 Retail - Cyclical companies, Dickson Concepts (International) ranks better than 64.11% on this metric.

As of today (2026-07-29), Dickson Concepts (International)'s current share price is €0.635. Dickson Concepts (International)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was €0.79. Dickson Concepts (International)'s Cyclically Adjusted PB Ratio for today is 0.80.

The historical rank and industry rank for Dickson Concepts (International)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:DCK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.58   Max: 0.9
Current: 0.79

During the past 13 years, Dickson Concepts (International)'s highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.39. And the median was 0.58.

STU:DCK's Cyclically Adjusted PB Ratio is ranked better than
64.11% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.235 vs STU:DCK: 0.79

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.

Dickson Concepts (International)'s adjusted book value per share data of for the fiscal year that ended in Mar26 was €1.057. 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 €0.79 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dickson Concepts (International)  (STU:DCK) 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.


Dickson Concepts (International) Cyclically Adjusted PB Ratio Related Terms


Dickson Concepts (International) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dickson Concepts (International)'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.

Dickson Concepts (International) Cyclically Adjusted PB Ratio Chart

Dickson Concepts (International) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.55 0.65 0.61 0.75

Dickson Concepts (International) Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.65 0.00 0.61 0.00 0.75

STU:DCK vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Dickson Concepts (International)'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.


Dickson Concepts (International) Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dickson Concepts (International)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dickson Concepts (International)'s Cyclically Adjusted PB Ratio falls into.


STU:DCK
70GF Score
Dickson Concepts (International) Ltd STU:DCK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dickson Concepts (International) 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.

Dickson Concepts (International)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.635/0.79
=0.80

* 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.

Dickson Concepts (International)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Dickson Concepts (International)'s adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1.057/121.4731*121.4731
=1.057

Current CPI (Mar26) = 121.4731.

Dickson Concepts (International) Annual Data

Book Value per Share CPI Adj_Book
201703 0.656 103.335 0.771
201803 0.584 105.973 0.669
201903 0.703 108.172 0.789
202003 0.879 110.920 0.963
202103 0.889 111.579 0.968
202203 0.971 113.558 1.039
202303 1.023 115.427 1.077
202403 1.066 117.735 1.100
202503 1.089 119.384 1.108
202603 1.057 121.473 1.057

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.

What does a Cyclically Adjusted PB Ratio of 0.80 mean?
Dickson Concepts (International) (STU:DCK) has a Cyclically Adjusted PB Ratio of 0.80 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dickson Concepts (International) and its competitors. This is 38% above median its historical median of 0.58. Over the past decade, Dickson Concepts (International)'s Cyclically Adjusted PB Ratio has ranged from 0.39 to 0.90. According to the industry distribution chart, Dickson Concepts (International) ranks #290 out of 808 companies in the Retail - Cyclical industry, placing it in the top 35.9%.
Is Dickson Concepts (International)'s Cyclically Adjusted PB Ratio too high?
Dickson Concepts (International)'s current Cyclically Adjusted PB Ratio of 0.80 is 38% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.90. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Dickson Concepts (International)'s value of 0.80 is 35.2% below this industry median. Based on the distribution chart, Dickson Concepts (International) ranks #290 out of 808 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Dickson Concepts (International) has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Dickson Concepts (International)'s Cyclically Adjusted PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Dickson Concepts (International) ranks #290 out of 808 companies for Cyclically Adjusted PB Ratio. This puts Dickson Concepts (International) in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Dickson Concepts (International)'s value of 0.80 is 35.2% below this benchmark. Historically, Dickson Concepts (International)'s own Cyclically Adjusted PB Ratio has ranged from 0.39 to 0.90 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 1.24, Dickson Concepts (International) has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 808 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dickson Concepts (International)'s current Cyclically Adjusted PB Ratio of 0.80 is 35.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dickson Concepts (International) and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dickson Concepts (International)'s current Cyclically Adjusted PB Ratio is 0.80, which is 38% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dickson Concepts (International) stock overvalued right now?
Dickson Concepts (International) (STU:DCK) has a current Cyclically Adjusted PB Ratio of 0.80. The stock's GF Value™ is €0.44, compared to a current price of €0.64 — trading 44.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is 38% above median its 10-year median of 0.58 and 35.2% below the Retail - Cyclical industry median of 1.24. Dickson Concepts (International)'s overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Dickson Concepts (International) (STU:DCK), the current Cyclically Adjusted PB Ratio is 0.80 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dickson Concepts (International) (STU:DCK) Overvalued in 2026?

Based on GuruFocus' analysis, Dickson Concepts (International) stock appears to be overvalued. The current stock price of €0.64 is trading 44.3% above its estimated GF Value™ of €0.44.

Key valuation signals for STU:DCK:

  • Cyclically Adjusted PB Ratio: 0.80 (38% above median its 10-year median of 0.58)
  • GF Value™: €0.44 vs. price of €0.64 (44.3% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 35.2% below the Retail - Cyclical median (#290 of 808)

No single metric tells the full story. See the STU:DCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dickson Concepts (International) Business Description

Other Exchanges DCOHF:USA00113:Hong Kong
Address 98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches, and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has a presence in Hong Kong, Taiwan, and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.
70GF Score

Get the complete analysis for STU:DCK

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.64
Price
€0.44
GF Value