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Dundee (TSX:DC.A) Cyclically Adjusted PB Ratio : 0.11 (As of May. 01, 2024)


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What is Dundee Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Dundee's current share price is C$1.37. Dundee's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$12.07. Dundee's Cyclically Adjusted PB Ratio for today is 0.11.

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

TSX:DC.A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.09   Max: 1.39
Current: 0.12

During the past years, Dundee's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.03. And the median was 0.09.

TSX:DC.A's Cyclically Adjusted PB Ratio is ranked better than
87.53% of 1612 companies
in the Metals & Mining industry
Industry Median: 0.85 vs TSX:DC.A: 0.12

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.

Dundee's adjusted book value per share data for the three months ended in Dec. 2023 was C$2.747. 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 C$12.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dundee Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dundee'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.

Dundee Cyclically Adjusted PB Ratio Chart

Dundee 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 0.06 0.07 0.08 0.09 0.08

Dundee 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 0.09 0.09 0.09 0.09 0.08

Competitive Comparison of Dundee's Cyclically Adjusted PB Ratio

For the Other Precious Metals & Mining subindustry, Dundee'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.


Dundee's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Dundee's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dundee 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.37/12.07
=0.11

* 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.

Dundee's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Dundee'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)
=2.747/125.4675*125.4675
=2.747

Current CPI (Dec. 2023) = 125.4675.

Dundee Quarterly Data

Book Value per Share CPI Adj_Book
201403 29.230 98.604 37.193
201406 28.739 99.473 36.249
201409 26.961 99.394 34.033
201412 23.976 98.367 30.581
201503 23.585 99.789 29.654
201506 21.042 100.500 26.269
201509 17.232 100.421 21.530
201512 15.823 99.947 19.863
201603 15.574 101.054 19.337
201606 15.328 102.002 18.854
201609 14.566 101.765 17.959
201612 12.470 101.449 15.422
201703 13.103 102.634 16.018
201706 12.553 103.029 15.287
201709 11.696 103.345 14.200
201712 10.363 103.345 12.581
201803 10.008 105.004 11.958
201806 9.182 105.557 10.914
201809 7.465 105.636 8.866
201812 6.869 105.399 8.177
201903 7.103 106.979 8.331
201906 4.518 107.690 5.264
201909 4.244 107.611 4.948
201912 4.283 107.769 4.986
202003 2.730 107.927 3.174
202006 3.208 108.401 3.713
202009 3.365 108.164 3.903
202012 3.666 108.559 4.237
202103 3.809 110.298 4.333
202106 3.667 111.720 4.118
202109 3.125 112.905 3.473
202112 2.929 113.774 3.230
202203 3.288 117.646 3.507
202206 2.768 120.806 2.875
202209 2.822 120.648 2.935
202212 3.134 120.964 3.251
202303 3.070 122.702 3.139
202306 3.061 124.203 3.092
202309 2.782 125.230 2.787
202312 2.747 125.468 2.747

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.


Dundee  (TSX:DC.A) 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.


Dundee Cyclically Adjusted PB Ratio Related Terms

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


Dundee (TSX:DC.A) Business Description

Address
80 Richmond Street West, Suite 2000, Corporate Legal, Toronto, ON, CAN, M5H 2A4
Dundee Corp is a public Canadian independent holding company. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than thirty years of experience making accretive mining investments.

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