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Dirtt Environmental Solutions (Dirtt Environmental Solutions) Cyclically Adjusted PB Ratio : 0.43 (As of Apr. 27, 2024)


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What is Dirtt Environmental Solutions Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Dirtt Environmental Solutions's current share price is $0.48. Dirtt Environmental Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.11. Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio for today is 0.43.

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

DRTTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.31   Max: 0.72
Current: 0.43

During the past years, Dirtt Environmental Solutions's highest Cyclically Adjusted PB Ratio was 0.72. The lowest was 0.17. And the median was 0.31.

DRTTF's Cyclically Adjusted PB Ratio is ranked better than
81.85% of 1146 companies
in the Construction industry
Industry Median: 1.105 vs DRTTF: 0.43

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.

Dirtt Environmental Solutions's adjusted book value per share data for the three months ended in Dec. 2023 was $0.059. 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 $1.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Chart

Dirtt Environmental Solutions 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 - - - 0.37 0.31

Dirtt Environmental Solutions 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 0.37 0.35 0.19 0.32 0.31

Competitive Comparison of Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.


Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio falls into.



Dirtt Environmental Solutions 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.

Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.48/1.11
=0.43

* 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.

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

For example, Dirtt Environmental Solutions'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)
=0.059/125.4675*125.4675
=0.059

Current CPI (Dec. 2023) = 125.4675.

Dirtt Environmental Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.804 98.604 1.023
201406 0.838 99.473 1.057
201409 0.880 99.394 1.111
201412 0.946 98.367 1.207
201503 0.950 99.789 1.194
201506 1.253 100.500 1.564
201509 1.223 100.421 1.528
201512 1.279 99.947 1.606
201603 1.366 101.054 1.696
201606 1.369 102.002 1.684
201609 1.385 101.765 1.708
201612 1.401 101.449 1.733
201703 1.402 102.634 1.714
201706 1.396 103.029 1.700
201709 1.464 103.345 1.777
201712 1.395 103.345 1.694
201803 1.399 105.004 1.672
201806 1.399 105.557 1.663
201809 1.332 105.636 1.582
201812 1.281 105.399 1.525
201903 1.259 106.979 1.477
201906 1.290 107.690 1.503
201909 1.340 107.611 1.562
201912 1.296 107.769 1.509
202003 1.178 107.927 1.369
202006 1.213 108.401 1.404
202009 1.214 108.164 1.408
202012 1.208 108.559 1.396
202103 1.093 110.298 1.243
202106 1.000 111.720 1.123
202109 0.843 112.905 0.937
202112 0.697 113.774 0.769
202203 0.474 117.646 0.506
202206 0.274 120.806 0.285
202209 0.209 120.648 0.217
202212 0.161 120.964 0.167
202303 0.066 122.702 0.067
202306 0.099 124.203 0.100
202309 0.050 125.230 0.050
202312 0.059 125.468 0.059

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.


Dirtt Environmental Solutions  (OTCPK:DRTTF) 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.


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Related Terms

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


Dirtt Environmental Solutions (Dirtt Environmental Solutions) Business Description

Traded in Other Exchanges
Address
7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6
Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.
Executives
Shaun Noll director 55 SPEAR STREET, 42ND FLOOR, SAN FRANCISCO CA 94101
Fareeha Khan officer: Chief Financial Officer 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Kenneth D Sanders director 338 SPEAR STREET #31-C, SAN FRANCISCO CA 94105
Nandini Somayaji officer: See Remarks 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Mark Greffen officer: See Remarks 7303 30 ST. S.E., CALGARY A0 T2C 1N6
Scott L Robinson director 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Benjamin Nicholas Urban director, officer: Chief Executive Officer 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Aron R. English director 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Mitchell Cory director 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Jeffery Dopheide officer: Chief Revenue Officer 7303 30 STREET S.E., CALGARY A0 T2C 1N6
Richard J Hunter officer: Chief Operating Officer 511 E JOHN CARPENTER FREEWAY, SUITE 600, IRVING TX 75062
Bradley Scott Little officer: Chief Financial Officer 7303 30 ST SE, CALGARY A0 T2C 1N6
Douglas A Edwards director 2218 ALTA AVE., LOUISVILLE KY 40205
Scott C Ryan director 4745 N. 7TH STREET, SUITE 310, PHOENIX AZ 85014
Mary Garden director 480 BROOKHAVEN RD, VICTORIA A1 V9E 2A5

Dirtt Environmental Solutions (Dirtt Environmental Solutions) Headlines