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Discount Investment (XTAE:DISI) Cyclically Adjusted PB Ratio : 0.22 (As of Jun. 07, 2024)


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What is Discount Investment Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Discount Investment's current share price is ₪3.634. Discount Investment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₪16.38. Discount Investment's Cyclically Adjusted PB Ratio for today is 0.22.

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

XTAE:DISI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.3   Max: 0.71
Current: 0.21

During the past years, Discount Investment's highest Cyclically Adjusted PB Ratio was 0.71. The lowest was 0.12. And the median was 0.30.

XTAE:DISI's Cyclically Adjusted PB Ratio is ranked better than
94.1% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.505 vs XTAE:DISI: 0.21

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.

Discount Investment's adjusted book value per share data for the three months ended in Dec. 2023 was ₪12.083. 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 ₪16.38 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Discount Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Discount Investment'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.

Discount Investment Cyclically Adjusted PB Ratio Chart

Discount Investment 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 0.24 0.51 0.69 0.30 0.22

Discount Investment 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 0.30 0.26 0.20 0.22 0.22

Competitive Comparison of Discount Investment's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Discount Investment'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.


Discount Investment's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Discount Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Discount Investment 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.

Discount Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.634/16.38
=0.22

* 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.

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

For example, Discount Investment'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)
=12.083/129.4194*129.4194
=12.083

Current CPI (Dec. 2023) = 129.4194.

Discount Investment Quarterly Data

Book Value per Share CPI Adj_Book
201403 23.643 99.695 30.692
201406 19.665 100.560 25.309
201409 22.364 100.428 28.820
201412 14.385 99.070 18.792
201503 15.922 99.621 20.685
201506 13.188 100.684 16.952
201509 12.250 100.392 15.792
201512 12.984 99.792 16.839
201603 13.212 100.470 17.019
201606 13.192 101.688 16.790
201609 8.685 101.861 11.035
201612 19.276 101.863 24.491
201703 14.528 102.862 18.279
201706 10.969 103.349 13.736
201709 9.662 104.136 12.008
201712 10.958 104.011 13.635
201803 9.194 105.290 11.301
201806 17.619 106.317 21.448
201809 17.270 106.507 20.985
201812 15.296 105.998 18.676
201903 13.207 107.251 15.937
201906 8.710 108.070 10.431
201909 12.380 108.329 14.790
201912 12.903 108.420 15.402
202003 11.758 108.902 13.973
202006 10.966 108.767 13.048
202009 10.663 109.815 12.567
202012 8.698 109.897 10.243
202103 9.645 111.754 11.170
202106 9.786 114.631 11.048
202109 9.412 115.734 10.525
202112 10.726 117.630 11.801
202203 15.446 121.301 16.480
202206 16.146 125.017 16.715
202209 17.601 125.227 18.190
202212 16.690 125.222 17.249
202303 17.884 127.348 18.175
202306 17.064 128.729 17.156
202309 15.149 129.860 15.098
202312 12.083 129.419 12.083

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.


Discount Investment  (XTAE:DISI) 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.


Discount Investment Cyclically Adjusted PB Ratio Related Terms

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


Discount Investment (XTAE:DISI) Business Description

Traded in Other Exchanges
N/A
Address
3 Azrieli Center, 44th Floor, Triangle Tower, Tel Aviv, ISR, 6702301
Discount Investment Corp Ltd is an Israel-based holding company. The company's main line of business is to invest in other enterprises in a variety of sectors. Its portfolio comprises of domestic and foreign companies which are well established or have a strong growth potential. Discount's investment areas include cellular communications, advanced technologies, retail and food, real estate and construction. It basically invests across three main segments, which are Cellcom, Shufersal and Property and Building Corporation. Shufersal is a retail chains in Israel,cellcom is a cellular operators in the country.

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