GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dickson Concepts (International) Ltd (OTCPK:DCOHF) » Definitions » Cyclically Adjusted PB Ratio

Dickson Concepts (International) (Dickson Concepts (International)) Cyclically Adjusted PB Ratio : 0.55 (As of Apr. 27, 2024)


View and export this data going back to 2009. Start your Free Trial

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

As of today (2024-04-27), Dickson Concepts (International)'s current share price is $0.57. Dickson Concepts (International)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was $1.03. Dickson Concepts (International)'s Cyclically Adjusted PB Ratio for today is 0.55.

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

DCOHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.56   Max: 0.83
Current: 0.68

During the past 13 years, Dickson Concepts (International)'s highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.32. And the median was 0.56.

DCOHF's Cyclically Adjusted PB Ratio is ranked better than
69.6% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs DCOHF: 0.68

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 Mar23 was $1.095. 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 $1.03 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dickson Concepts (International) Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Dickson Concepts (International) Cyclically Adjusted PB Ratio Chart

Dickson Concepts (International) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.54 0.59 0.56 0.55

Dickson Concepts (International) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.56 - 0.55 -

Competitive Comparison of Dickson Concepts (International)'s Cyclically Adjusted PB Ratio

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)'s Cyclically Adjusted PB Ratio Distribution in the 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.



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
=0.57/1.03
=0.55

* 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 Mar23 is calculated as:

For example, Dickson Concepts (International)'s adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=1.095/115.4269*115.4269
=1.095

Current CPI (Mar23) = 115.4269.

Dickson Concepts (International) Annual Data

Book Value per Share CPI Adj_Book
201403 0.861 95.749 1.038
201503 0.790 99.927 0.913
201603 0.683 102.785 0.767
201703 0.701 103.335 0.783
201803 0.720 105.973 0.784
201903 0.795 108.172 0.848
202003 0.971 110.920 1.010
202103 1.059 111.579 1.096
202203 1.069 113.558 1.087
202303 1.095 115.427 1.095

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.


Dickson Concepts (International)  (OTCPK:DCOHF) 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

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


Dickson Concepts (International) (Dickson Concepts (International)) Business Description

Traded in Other Exchanges
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 its 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.

Dickson Concepts (International) (Dickson Concepts (International)) Headlines