GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » DCM Holdings Co Ltd (FRA:889) » Definitions » Cyclically Adjusted Book per Share

DCM Holdings Co (FRA:889) Cyclically Adjusted Book per Share : €9.19 (As of Feb. 2024)


View and export this data going back to 2020. Start your Free Trial

What is DCM Holdings Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

DCM Holdings Co's adjusted book value per share for the three months ended in Feb. 2024 was €11.635. 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 €9.19 for the trailing ten years ended in Feb. 2024.

During the past 12 months, DCM Holdings Co's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of DCM Holdings Co was 7.00% per year. The lowest was 4.50% per year. And the median was 6.00% per year.

As of today (2024-06-09), DCM Holdings Co's current stock price is €8.95. DCM Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €9.19. DCM Holdings Co's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DCM Holdings Co was 1.19. The lowest was 0.74. And the median was 0.88.


DCM Holdings Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for DCM Holdings Co's Cyclically Adjusted Book per Share 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.

DCM Holdings Co Cyclically Adjusted Book per Share Chart

DCM Holdings Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.40 9.96 9.78 9.19

DCM Holdings Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Book per Share 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 9.78 9.49 9.09 9.19 9.19

Competitive Comparison of DCM Holdings Co's Cyclically Adjusted Book per Share

For the Home Improvement Retail subindustry, DCM Holdings Co'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.


DCM Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, DCM Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DCM Holdings Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, DCM Holdings Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=11.635/106.9000*106.9000
=11.635

Current CPI (Feb. 2024) = 106.9000.

DCM Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 7.989 98.100 8.706
201408 8.296 98.300 9.022
201411 7.788 97.900 8.504
201502 8.566 97.600 9.382
201505 8.729 98.700 9.454
201508 8.884 98.400 9.651
201511 9.337 98.100 10.175
201602 9.484 97.800 10.366
201605 9.968 98.200 10.851
201608 11.006 97.900 12.018
201611 10.806 98.600 11.716
201702 10.506 98.100 11.448
201705 10.324 98.600 11.193
201708 10.021 98.500 10.876
201711 9.870 99.100 10.647
201802 9.969 99.500 10.710
201805 10.424 99.300 11.222
201808 10.787 99.800 11.554
201811 10.872 100.000 11.622
201902 11.249 99.700 12.061
201905 11.546 100.000 12.343
201908 12.284 100.000 13.132
201911 12.171 100.500 12.946
202002 12.229 100.300 13.034
202005 13.014 100.100 13.898
202008 12.159 100.100 12.985
202011 12.373 99.500 13.293
202102 12.020 99.800 12.875
202105 11.826 99.400 12.718
202108 12.443 99.700 13.342
202111 12.335 100.100 13.173
202202 12.413 100.700 13.177
202205 12.472 101.800 13.097
202208 12.721 102.700 13.241
202211 11.519 103.900 11.852
202302 12.204 104.000 12.544
202305 11.867 105.100 12.070
202308 11.498 105.900 11.607
202311 11.530 106.900 11.530
202402 11.635 106.900 11.635

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


DCM Holdings Co  (FRA:889) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

DCM Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.95/9.19
=0.97

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DCM Holdings Co was 1.19. The lowest was 0.74. And the median was 0.88.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


DCM Holdings Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of DCM Holdings Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


DCM Holdings Co (FRA:889) Business Description

Traded in Other Exchanges
Address
6-16-16 Minamiohi, Shinagawa-ku, Tokyo, JPN, 140-0013
DCM Holdings Co Ltd is a Japanese holding company engaged in managing its subsidiaries that sell home improvement appliances and products. The company operates across Japan through its holdings. The majority of its stores are located on the northern Japanese island of Hokkaido and the central region of Chubu. The segments of the company include DCM Homac, DCM Sanwa, DCM Kahma, and DCM Daiki, which are all various regional home center brands. Some of DCM's products include gardening products, home improvement products, home leisure products, pet products, housekeeping products, home electronic products, home furnishing products, and lighting and electronics.

DCM Holdings Co (FRA:889) Headlines

No Headlines