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DHL Group (BSE:DPW) Cyclically Adjusted PB Ratio : 2.85 (As of Jun. 06, 2024)


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What is DHL Group Cyclically Adjusted PB Ratio?

As of today (2024-06-06), DHL Group's current share price is lei195.45. DHL Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was lei68.53. DHL Group's Cyclically Adjusted PB Ratio for today is 2.85.

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

BSE:DPW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.21   Med: 3.46   Max: 5.98
Current: 2.92

During the past years, DHL Group's highest Cyclically Adjusted PB Ratio was 5.98. The lowest was 2.21. And the median was 3.46.

BSE:DPW's Cyclically Adjusted PB Ratio is ranked worse than
80.14% of 720 companies
in the Transportation industry
Industry Median: 1.255 vs BSE:DPW: 2.92

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.

DHL Group's adjusted book value per share data for the three months ended in Dec. 2023 was lei95.036. 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 lei68.53 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


DHL Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DHL Group'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.

DHL Group Cyclically Adjusted PB Ratio Chart

DHL Group 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 3.64 4.27 5.45 2.93 3.34

DHL Group 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 2.93 3.43 3.47 2.91 3.34

Competitive Comparison of DHL Group's Cyclically Adjusted PB Ratio

For the Integrated Freight & Logistics subindustry, DHL Group'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.


DHL Group's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



DHL Group 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.

DHL Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=195.45/68.53
=2.85

* 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.

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

For example, DHL Group'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)
=95.036/123.7729*123.7729
=95.036

Current CPI (Dec. 2023) = 123.7729.

DHL Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 51.817 99.543 64.430
201406 45.228 99.543 56.237
201409 41.084 99.823 50.941
201412 43.761 99.543 54.413
201503 37.413 99.717 46.439
201506 44.933 100.417 55.384
201509 42.998 100.417 52.999
201512 45.440 99.717 56.402
201603 43.400 100.017 53.708
201606 39.058 100.717 47.999
201609 35.416 101.017 43.394
201612 44.208 101.217 54.060
201703 47.559 101.417 58.043
201706 47.715 102.117 57.834
201709 50.336 102.717 60.654
201712 55.937 102.617 67.469
201803 59.168 102.917 71.158
201806 52.616 104.017 62.609
201809 54.748 104.718 64.710
201812 57.421 104.217 68.196
201903 59.273 104.217 70.395
201906 50.921 105.718 59.618
201909 49.897 106.018 58.253
201912 58.131 105.818 67.995
202003 58.914 105.718 68.976
202006 59.575 106.618 69.161
202009 57.093 105.818 66.781
202012 61.937 105.518 72.653
202103 73.993 107.518 85.180
202106 71.273 108.486 81.316
202109 75.896 109.435 85.840
202112 80.483 110.384 90.246
202203 87.878 113.968 95.438
202206 86.812 115.760 92.821
202209 87.107 118.818 90.740
202212 94.021 119.345 97.509
202303 97.638 122.402 98.731
202306 91.519 123.140 91.989
202309 95.188 124.195 94.865
202312 95.036 123.773 95.036

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.


DHL Group  (BSE:DPW) 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.


DHL Group Cyclically Adjusted PB Ratio Related Terms

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


DHL Group (BSE:DPW) Business Description

Industry
Address
Platz der Deutschen Post, Bonn, NW, DEU, 53250
Based in Germany, DHL Group ranks among the largest parcel-shipping and third-party logistics providers globally. Its DHL divisions (international express shipping, air and ocean freight forwarding, contract logistics, and e-commerce solutions) generated 83% of revenue in 2022. Roughly 17% of revenue comes from the Post and Parcel Germany division, which includes the legacy postal business and the German small-package delivery business.

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