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DREAM Unlimited (TSX:DRM) Cyclically Adjusted PB Ratio : 0.69 (As of Apr. 30, 2024)


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What is DREAM Unlimited Cyclically Adjusted PB Ratio?

As of today (2024-04-30), DREAM Unlimited's current share price is C$17.91. DREAM Unlimited's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$25.89. DREAM Unlimited's Cyclically Adjusted PB Ratio for today is 0.69.

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

TSX:DRM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.99   Max: 2.4
Current: 0.69

During the past years, DREAM Unlimited's highest Cyclically Adjusted PB Ratio was 2.40. The lowest was 0.67. And the median was 0.99.

TSX:DRM's Cyclically Adjusted PB Ratio is ranked worse than
51.96% of 1299 companies
in the Real Estate industry
Industry Median: 0.66 vs TSX:DRM: 0.69

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.

DREAM Unlimited's adjusted book value per share data for the three months ended in Dec. 2023 was C$33.240. 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$25.89 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


DREAM Unlimited Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DREAM Unlimited'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.

DREAM Unlimited Cyclically Adjusted PB Ratio Chart

DREAM Unlimited 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 - - - 1.11 0.87

DREAM Unlimited 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 1.11 1.01 0.84 0.73 0.87

Competitive Comparison of DREAM Unlimited's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, DREAM Unlimited'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.


DREAM Unlimited's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, DREAM Unlimited's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DREAM Unlimited 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.

DREAM Unlimited's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.91/25.89
=0.69

* 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.

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

For example, DREAM Unlimited'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)
=33.24/125.4675*125.4675
=33.240

Current CPI (Dec. 2023) = 125.4675.

DREAM Unlimited Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.703 98.604 11.074
201406 10.034 99.473 12.656
201409 10.145 99.394 12.806
201412 10.821 98.367 13.802
201503 10.986 99.789 13.813
201506 13.086 100.500 16.337
201509 13.233 100.421 16.533
201512 13.214 99.947 16.588
201603 13.902 101.054 17.261
201606 14.371 102.002 17.677
201609 14.485 101.765 17.859
201612 15.286 101.449 18.905
201703 15.460 102.634 18.900
201706 15.131 103.029 18.426
201709 15.711 103.345 19.074
201712 16.833 103.345 20.436
201803 19.629 105.004 23.454
201806 19.217 105.557 22.842
201809 19.425 105.636 23.072
201812 20.558 105.399 24.472
201903 19.869 106.979 23.303
201906 19.634 107.690 22.875
201909 20.156 107.611 23.501
201912 26.794 107.769 31.194
202003 31.056 107.927 36.103
202006 31.217 108.401 36.132
202009 31.465 108.164 36.499
202012 30.917 108.559 35.732
202103 30.996 110.298 35.259
202106 30.583 111.720 34.346
202109 31.445 112.905 34.944
202112 33.201 113.774 36.613
202203 33.886 117.646 36.139
202206 35.852 120.806 37.235
202209 38.257 120.648 39.785
202212 36.482 120.964 37.840
202303 36.947 122.702 37.780
202306 35.264 124.203 35.623
202309 35.483 125.230 35.550
202312 33.240 125.468 33.240

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.


DREAM Unlimited  (TSX:DRM) 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.


DREAM Unlimited Cyclically Adjusted PB Ratio Related Terms

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


DREAM Unlimited (TSX:DRM) Business Description

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
DREAM Unlimited Corp is a real estate company. The company's divisions include Asset management; Stabilized income generating assets; Urban development - Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.

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