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Dorman Products (Dorman Products) Cyclically Adjusted PB Ratio : 3.40 (As of Apr. 28, 2024)


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What is Dorman Products Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Dorman Products's current share price is $89.23. Dorman Products's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $26.24. Dorman Products's Cyclically Adjusted PB Ratio for today is 3.40.

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

DORM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.6   Med: 5.9   Max: 9.06
Current: 3.4

During the past years, Dorman Products's highest Cyclically Adjusted PB Ratio was 9.06. The lowest was 2.60. And the median was 5.90.

DORM's Cyclically Adjusted PB Ratio is ranked worse than
81.35% of 901 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs DORM: 3.40

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.

Dorman Products's adjusted book value per share data for the three months ended in Dec. 2023 was $37.323. 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 $26.24 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dorman Products Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dorman Products'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.

Dorman Products Cyclically Adjusted PB Ratio Chart

Dorman Products 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 5.05 5.13 5.64 3.47 3.18

Dorman Products 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 3.47 3.56 3.15 2.94 3.18

Competitive Comparison of Dorman Products's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Dorman Products'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.


Dorman Products's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Dorman Products's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dorman Products 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.

Dorman Products's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=89.23/26.24
=3.40

* 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.

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

For example, Dorman Products'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)
=37.323/129.4194*129.4194
=37.323

Current CPI (Dec. 2023) = 129.4194.

Dorman Products Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.972 99.695 15.542
201406 12.433 100.560 16.001
201409 12.495 100.428 16.102
201412 12.975 99.070 16.950
201503 13.539 99.621 17.589
201506 14.170 100.684 18.214
201509 14.809 100.392 19.091
201512 14.859 99.792 19.270
201603 15.344 100.470 19.765
201606 15.960 101.688 20.312
201609 16.732 101.861 21.259
201612 17.430 101.863 22.145
201703 17.997 102.862 22.644
201706 18.294 103.349 22.909
201709 18.582 104.136 23.094
201712 18.909 104.011 23.528
201803 19.614 105.290 24.109
201806 20.286 106.317 24.694
201809 21.181 106.507 25.738
201812 22.046 105.998 26.917
201903 22.516 107.251 27.170
201906 22.889 108.070 27.411
201909 23.564 108.329 28.152
201912 23.760 108.420 28.362
202003 24.381 108.902 28.975
202006 24.880 108.767 29.604
202009 25.735 109.815 30.329
202012 26.534 109.897 31.248
202103 27.520 111.754 31.870
202106 28.000 114.631 31.612
202109 28.571 115.734 31.949
202112 29.510 117.630 32.468
202203 30.477 121.301 32.517
202206 31.534 125.017 32.645
202209 32.497 125.227 33.585
202212 33.172 125.222 34.284
202303 33.339 127.348 33.881
202306 34.491 128.729 34.676
202309 35.827 129.860 35.706
202312 37.323 129.419 37.323

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.


Dorman Products  (NAS:DORM) 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.


Dorman Products Cyclically Adjusted PB Ratio Related Terms

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


Dorman Products (Dorman Products) Business Description

Traded in Other Exchanges
N/A
Address
3400 East Walnut Street, Colmar, PA, USA, 18915
Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates primarily in the United States.
Executives
G. Michael Stakias director C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915
Lindsay Hunt officer: Pres and CEO, Specialty Vehicl 3400 EAST WALNUT STREET, COLMAR PA 18915
Brian Borradaile officer: SVP, Strategy & Corp Dev 3400 EAST WALNUT STREET, COLMAR PA 18915
Eric Luftig officer: Senior Vice President, Product 3400 EAST WALNUT STREET, COLMAR PA 18915
Jeffery Darby officer: SVP, Sales C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915
Steven L Berman director, 10 percent owner, officer: President, COO
James Darrell Thomas director 3700 JUNEAU AVENUE, MILWAUKEE WI 53208
John J Gavin director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Donna M. Long officer: SVP, CIO 3400 EAST WALNUT STREET, COLMAR PA 18915
John Mcknight officer: SVP, Operations 3400 EAST WALNUT STREET, COLMAR PA 19103
Paul E Anderson officer: President, Heavy Duty 3400 EAST WALNUT STREET, COLMAR PA 18915
Scott Leff officer: SVP, CHRO 3400 EAST WALNUT STREET, COLMAR PA 18915
Michael Kealey officer: SVP, Product C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915
Lisa M Bachmann director 300 PHILLIPI ROAD, COLUMBUS OH 43228
Joseph P. Braun officer: SVP and General Counsel C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915

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