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DBS Group Holdings (DBS Group Holdings) Cyclically Adjusted PB Ratio : 1.62 (As of Apr. 27, 2024)


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What is DBS Group Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-27), DBS Group Holdings's current share price is $101.10. DBS Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $62.56. DBS Group Holdings's Cyclically Adjusted PB Ratio for today is 1.62.

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

DBSDY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.55   Max: 1.99
Current: 1.67

During the past years, DBS Group Holdings's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 1.07. And the median was 1.55.

DBSDY's Cyclically Adjusted PB Ratio is ranked worse than
83.79% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs DBSDY: 1.67

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.

DBS Group Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $65.690. 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 $62.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


DBS Group Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DBS Group Holdings'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.

DBS Group Holdings Cyclically Adjusted PB Ratio Chart

DBS Group Holdings 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 1.56 1.44 1.67 1.58 1.47

DBS Group Holdings 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 1.58 1.51 1.41 1.49 1.47

Competitive Comparison of DBS Group Holdings's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, DBS Group Holdings'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.


DBS Group Holdings's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, DBS Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DBS Group Holdings 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.

DBS Group Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=101.10/62.56
=1.62

* 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.

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

For example, DBS Group Holdings'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)
=65.69/129.4194*129.4194
=65.690

Current CPI (Dec. 2023) = 129.4194.

DBS Group Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 41.728 99.695 54.170
201406 42.753 100.560 55.023
201409 42.742 100.428 55.081
201412 41.993 99.070 54.857
201503 41.750 99.621 54.238
201506 42.183 100.684 54.222
201509 40.464 100.392 52.164
201512 41.707 99.792 54.089
201603 44.288 100.470 57.049
201606 45.128 101.688 57.435
201609 46.544 101.861 59.136
201612 44.548 101.863 56.599
201703 46.805 102.862 58.889
201706 47.839 103.349 59.907
201709 48.873 104.136 60.739
201712 50.133 104.011 62.380
201803 52.550 105.290 64.593
201806 49.677 106.317 60.472
201809 49.496 106.507 60.144
201812 51.006 105.998 62.276
201903 53.287 107.251 64.302
201906 51.561 108.070 61.747
201909 52.072 108.329 62.210
201912 53.518 108.420 63.884
202003 53.936 108.902 64.098
202006 54.921 108.767 65.349
202009 56.598 109.815 66.702
202012 58.465 109.897 68.851
202103 59.263 111.754 68.631
202106 61.154 114.631 69.043
202109 60.325 115.734 67.458
202112 59.739 117.630 65.727
202203 58.765 121.301 62.698
202206 57.038 125.017 59.047
202209 55.499 125.227 57.357
202212 59.493 125.222 61.487
202303 60.585 127.348 61.571
202306 61.531 128.729 61.861
202309 61.972 129.860 61.762
202312 65.690 129.419 65.690

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.


DBS Group Holdings  (OTCPK:DBSDY) 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.


DBS Group Holdings Cyclically Adjusted PB Ratio Related Terms

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


DBS Group Holdings (DBS Group Holdings) Business Description

Traded in Other Exchanges
Address
12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore, SGP, 018982
DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The recent acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 320 billion as of June 2023.

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