GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (WBO:DSV) » Definitions » Cyclically Adjusted Book per Share

DSV AS (WBO:DSV) Cyclically Adjusted Book per Share : €24.40 (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is DSV AS 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.

DSV AS's adjusted book value per share for the three months ended in Mar. 2024 was €44.104. 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 €24.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DSV AS's average Cyclically Adjusted Book Growth Rate was 20.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 30.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 30.70% 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 DSV AS was 34.30% per year. The lowest was 29.00% per year. And the median was 30.80% per year.

As of today (2024-05-26), DSV AS's current stock price is €140.10. DSV AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €24.40. DSV AS's Cyclically Adjusted PB Ratio of today is 5.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DSV AS was 19.23. The lowest was 5.40. And the median was 11.71.


DSV AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for DSV AS'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.

DSV AS Cyclically Adjusted Book per Share Chart

DSV AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.93 10.50 13.80 19.16 23.27

DSV AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 20.30 21.16 22.30 23.27 24.40

Competitive Comparison of DSV AS's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DSV AS 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, DSV AS'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)
=44.104/118.4000*118.4000
=44.104

Current CPI (Mar. 2024) = 118.4000.

DSV AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.794 99.700 5.693
201409 4.867 99.700 5.780
201412 4.790 99.400 5.706
201503 4.783 100.200 5.652
201506 5.064 100.300 5.978
201509 5.128 100.200 6.059
201512 8.602 99.800 10.205
201603 8.323 100.200 9.835
201606 8.628 100.600 10.155
201609 9.084 100.200 10.734
201612 9.722 100.300 11.476
201703 10.089 101.200 11.804
201706 10.451 101.200 12.227
201709 10.509 101.800 12.223
201712 10.829 101.300 12.657
201803 10.624 101.700 12.369
201806 11.166 102.300 12.923
201809 11.346 102.400 13.119
201812 10.964 102.100 12.714
201903 11.209 102.900 12.897
201906 11.672 102.900 13.430
201909 29.350 102.900 33.771
201912 28.914 102.900 33.269
202003 27.354 103.300 31.353
202006 27.927 103.200 32.040
202009 28.390 103.500 32.477
202012 28.170 103.400 32.257
202103 27.509 104.300 31.228
202106 27.453 105.000 30.957
202109 42.002 105.800 47.004
202112 42.550 106.600 47.260
202203 43.849 109.900 47.240
202206 46.312 113.600 48.269
202209 48.100 116.400 48.926
202212 44.322 115.900 45.278
202303 43.831 117.300 44.242
202306 44.039 116.400 44.796
202309 44.527 117.400 44.906
202312 44.070 116.700 44.712
202403 44.104 118.400 44.104

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


DSV AS  (WBO:DSV) 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.

DSV AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=140.10/24.4
=5.74

* 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 DSV AS was 19.23. The lowest was 5.40. And the median was 11.71.


Be Aware

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


DSV AS Cyclically Adjusted Book per Share Related Terms

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


DSV AS (WBO:DSV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (WBO:DSV) » Definitions » Cyclically Adjusted Book per Share
Address
Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

DSV AS (WBO:DSV) Headlines

No Headlines