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Dentsply Sirona (FRA:DY2) Cyclically Adjusted PB Ratio : 0.98 (As of May. 31, 2024)


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What is Dentsply Sirona Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Dentsply Sirona's current share price is €25.35. Dentsply Sirona's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.80. Dentsply Sirona's Cyclically Adjusted PB Ratio for today is 0.98.

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

FRA:DY2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 2.59   Max: 4.59
Current: 0.99

During the past years, Dentsply Sirona's highest Cyclically Adjusted PB Ratio was 4.59. The lowest was 0.98. And the median was 2.59.

FRA:DY2's Cyclically Adjusted PB Ratio is ranked better than
74.73% of 471 companies
in the Medical Devices & Instruments industry
Industry Median: 2.08 vs FRA:DY2: 0.99

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.

Dentsply Sirona's adjusted book value per share data for the three months ended in Mar. 2024 was €14.438. 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 €25.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsply Sirona Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dentsply Sirona'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.

Dentsply Sirona Cyclically Adjusted PB Ratio Chart

Dentsply Sirona 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 2.56 2.26 2.19 1.17 1.29

Dentsply Sirona Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.42 1.44 1.22 1.29 1.19

Competitive Comparison of Dentsply Sirona's Cyclically Adjusted PB Ratio

For the Medical Instruments & Supplies subindustry, Dentsply Sirona'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.


Dentsply Sirona's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Dentsply Sirona's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dentsply Sirona 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.

Dentsply Sirona's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.35/25.8
=0.98

* 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.

Dentsply Sirona's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dentsply Sirona's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14.438/131.7762*131.7762
=14.438

Current CPI (Mar. 2024) = 131.7762.

Dentsply Sirona Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.409 100.560 17.572
201409 13.664 100.428 17.929
201412 13.361 99.070 17.772
201503 14.351 99.621 18.983
201506 14.754 100.684 19.310
201509 14.532 100.392 19.075
201512 15.320 99.792 20.230
201603 32.139 100.470 42.153
201606 31.748 101.688 41.142
201609 32.101 101.861 41.529
201612 33.430 101.863 43.247
201703 33.155 102.862 42.475
201706 28.189 103.349 35.943
201709 27.325 104.136 34.578
201712 24.651 104.011 31.231
201803 23.870 105.290 29.875
201806 19.752 106.317 24.482
201809 19.805 106.507 24.504
201812 20.186 105.998 25.095
201903 20.198 107.251 24.817
201906 20.461 108.070 24.949
201909 20.657 108.329 25.128
201912 20.713 108.420 25.175
202003 19.365 108.902 23.433
202006 18.879 108.767 22.873
202009 18.497 109.815 22.196
202012 18.537 109.897 22.228
202103 18.967 111.754 22.365
202106 19.274 114.631 22.157
202109 19.916 115.734 22.677
202112 20.338 117.630 22.784
202203 20.490 121.301 22.259
202206 21.303 125.017 22.455
202209 16.981 125.227 17.869
202212 16.710 125.222 17.585
202303 16.003 127.348 16.559
202306 16.158 128.729 16.541
202309 14.931 129.860 15.151
202312 14.574 129.419 14.839
202403 14.438 131.776 14.438

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.


Dentsply Sirona  (FRA:DY2) 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.


Dentsply Sirona Cyclically Adjusted PB Ratio Related Terms

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


Dentsply Sirona (FRA:DY2) Business Description

Traded in Other Exchanges
Address
13320 Ballantyne Corporate Place, Charlotte, NC, USA, 28277-3607
Dentsply Sirona is one of the world's largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm's wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm's salesforce or directly to consumers (such as Byte clear aligner).

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