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DMCI Holdings (PHS:DMC) Cyclically Adjusted PB Ratio : 1.57 (As of Apr. 28, 2024)


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What is DMCI Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-28), DMCI Holdings's current share price is ₱10.86. DMCI Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₱6.93. DMCI Holdings's Cyclically Adjusted PB Ratio for today is 1.57.

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

PHS:DMC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.52   Max: 4.12
Current: 1.57

During the past years, DMCI Holdings's highest Cyclically Adjusted PB Ratio was 4.12. The lowest was 0.75. And the median was 1.52.

PHS:DMC's Cyclically Adjusted PB Ratio is ranked worse than
65.14% of 416 companies
in the Conglomerates industry
Industry Median: 0.92 vs PHS:DMC: 1.57

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.

DMCI Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was ₱8.211. 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 ₱6.93 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


DMCI Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DMCI 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.

DMCI Holdings Cyclically Adjusted PB Ratio Chart

DMCI 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 1.47 1.15 1.37 1.88 1.41

DMCI 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 1.88 1.75 1.35 1.51 1.41

Competitive Comparison of DMCI Holdings's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, DMCI 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.


DMCI Holdings's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, DMCI Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DMCI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.86/6.93
=1.57

* 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.

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

For example, DMCI 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)
=8.211/129.4194*129.4194
=8.211

Current CPI (Dec. 2023) = 129.4194.

DMCI Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.058 99.695 5.268
201406 3.993 100.560 5.139
201409 4.241 100.428 5.465
201412 4.232 99.070 5.528
201503 4.462 99.621 5.797
201506 4.249 100.684 5.462
201509 4.493 100.392 5.792
201512 4.700 99.792 6.095
201603 4.936 100.470 6.358
201606 4.698 101.688 5.979
201609 4.904 101.861 6.231
201612 5.121 101.863 6.506
201703 5.370 102.862 6.756
201706 5.234 103.349 6.554
201709 5.563 104.136 6.914
201712 5.751 104.011 7.156
201803 5.586 105.290 6.866
201806 5.949 106.317 7.242
201809 6.120 106.507 7.437
201812 5.915 105.998 7.222
201903 6.132 107.251 7.399
201906 5.938 108.070 7.111
201909 6.137 108.329 7.332
201912 6.206 108.420 7.408
202003 5.773 108.902 6.861
202006 5.879 108.767 6.995
202009 6.021 109.815 7.096
202012 6.149 109.897 7.241
202103 5.989 111.754 6.936
202106 6.384 114.631 7.208
202109 6.684 115.734 7.474
202112 6.609 117.630 7.271
202203 7.458 121.301 7.957
202206 7.658 125.017 7.928
202209 8.210 125.227 8.485
202212 7.791 125.222 8.052
202303 7.645 127.348 7.769
202306 8.266 128.729 8.310
202309 8.579 129.860 8.550
202312 8.211 129.419 8.211

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.


DMCI Holdings  (PHS:DMC) 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.


DMCI Holdings Cyclically Adjusted PB Ratio Related Terms

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


DMCI Holdings (PHS:DMC) Business Description

Traded in Other Exchanges
Address
2281 Don Chino Roces Avenue, 3rd Floor, Dacon Building, Makati, PHL, 1231
DMCI Holdings is an engineering conglomerate in the Philippines, primarily operating in construction, real estate development, power generation, mining, water distribution, and manufacturing. The activities of the company include construction-related businesses such as production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, and water services. It organizes its business into seven operating segments: constructions and others; coal mining; nickel mining; real estate; on-grid power; off-grid power; and water. Majority of revenue is generated from coal mining segment.

DMCI Holdings (PHS:DMC) Headlines

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