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Dividend Select 15 (TSX:DS) Cyclically Adjusted PB Ratio : 0.67 (As of May. 16, 2024)


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What is Dividend Select 15 Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Dividend Select 15's current share price is C$6.16. Dividend Select 15's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov23 was C$9.13. Dividend Select 15's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for Dividend Select 15's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSX:DS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.81   Max: 1.09
Current: 0.68

During the past 12 years, Dividend Select 15's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.61. And the median was 0.81.

TSX:DS's Cyclically Adjusted PB Ratio is ranked better than
60.43% of 930 companies
in the Asset Management industry
Industry Median: 0.79 vs TSX:DS: 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.

Dividend Select 15's adjusted book value per share data of for the fiscal year that ended in Nov23 was C$6.269. 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 C$9.13 for the trailing ten years ended in Nov23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dividend Select 15 Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dividend Select 15'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.

Dividend Select 15 Cyclically Adjusted PB Ratio Chart

Dividend Select 15 Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.07 0.82 0.66

Dividend Select 15 Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
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 - 1.07 - 0.82 0.66

Competitive Comparison of Dividend Select 15's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Dividend Select 15'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.


Dividend Select 15's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Dividend Select 15's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dividend Select 15's Cyclically Adjusted PB Ratio falls into.



Dividend Select 15 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.

Dividend Select 15's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.16/9.13
=0.67

* 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.

Dividend Select 15's Cyclically Adjusted Book per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Dividend Select 15's adjusted Book Value per Share data for the fiscal year that ended in Nov23 was:

Adj_Book=Book Value per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=6.269/125.4675*125.4675
=6.269

Current CPI (Nov23) = 125.4675.

Dividend Select 15 Annual Data

Book Value per Share CPI Adj_Book
201411 9.966 99.078 12.620
201511 8.492 100.421 10.610
201611 8.685 101.607 10.725
201711 8.503 103.740 10.284
201811 7.356 105.478 8.750
201911 7.608 107.769 8.857
202011 6.502 108.796 7.498
202111 7.582 113.932 8.350
202211 7.103 121.675 7.324
202311 6.269 125.468 6.269

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.


Dividend Select 15  (TSX:DS) 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.


Dividend Select 15 Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Dividend Select 15's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Dividend Select 15 (TSX:DS) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2
Dividend Select 15 Corp is a mutual fund corporation based in Canada. The company invests in an actively managed portfolio of common shares of core large-capitalization Canadian companies selected from a portfolio universe of over 20 companies. The company employs an active covered call writing program to enhance the income earned from the portfolio.

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