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Dentsply Sirona (BSP:XRAY34) Cyclically Adjusted PB Ratio : 1.19 (As of Jun. 06, 2024)


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What is Dentsply Sirona Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Dentsply Sirona's current share price is R$167.00. Dentsply Sirona's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$140.53. Dentsply Sirona's Cyclically Adjusted PB Ratio for today is 1.19.

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

BSP:XRAY34' 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.

BSP:XRAY34's Cyclically Adjusted PB Ratio is ranked better than
73.89% of 475 companies
in the Medical Devices & Instruments industry
Industry Median: 2.1 vs BSP:XRAY34: 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 R$78.151. 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 R$140.53 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
=167.00/140.53
=1.19

* 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)
=78.151/131.7762*131.7762
=78.151

Current CPI (Mar. 2024) = 131.7762.

Dentsply Sirona Quarterly Data

Book Value per Share CPI Adj_Book
201406 40.738 100.560 53.384
201409 41.167 100.428 54.017
201412 43.525 99.070 57.894
201503 48.789 99.621 64.537
201506 51.525 100.684 67.436
201509 63.660 100.392 83.562
201512 64.763 99.792 85.520
201603 132.348 100.470 173.587
201606 122.118 101.688 158.251
201609 117.207 101.861 151.629
201612 118.276 101.863 153.010
201703 110.900 102.862 142.073
201706 104.373 103.349 133.082
201709 102.022 104.136 129.102
201712 96.123 104.011 121.782
201803 96.511 105.290 120.789
201806 87.015 106.317 107.852
201809 94.953 106.507 117.481
201812 89.181 105.998 110.869
201903 87.655 107.251 107.700
201906 89.142 108.070 108.697
201909 93.718 108.329 114.002
201912 94.461 108.420 114.810
202003 104.553 108.902 126.514
202006 110.303 108.767 133.637
202009 117.651 109.815 141.179
202012 116.020 109.897 139.118
202103 127.242 111.754 150.039
202106 116.772 114.631 134.237
202109 123.692 115.734 140.837
202112 129.953 117.630 145.582
202203 112.298 121.301 121.996
202206 113.667 125.017 119.813
202209 88.158 125.227 92.769
202212 92.848 125.222 97.708
202303 89.245 127.348 92.348
202306 84.968 128.729 86.980
202309 78.697 129.860 79.859
202312 77.872 129.419 79.290
202403 78.151 131.776 78.151

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  (BSP:XRAY34) 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 (BSP:XRAY34) 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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