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Dis-Chem Pharmacies (JSE:DCP) Cyclically Adjusted PB Ratio : 9.91 (As of Jun. 07, 2024)


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What is Dis-Chem Pharmacies Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Dis-Chem Pharmacies's current share price is R31.80. Dis-Chem Pharmacies's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb24 was R3.21. Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio for today is 9.91.

The historical rank and industry rank for Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio or its related term are showing as below:

JSE:DCP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.27   Med: 9.76   Max: 11.5
Current: 9.91

During the past 11 years, Dis-Chem Pharmacies's highest Cyclically Adjusted PB Ratio was 11.50. The lowest was 8.27. And the median was 9.76.

JSE:DCP's Cyclically Adjusted PB Ratio is ranked worse than
93.01% of 329 companies
in the Healthcare Providers & Services industry
Industry Median: 1.96 vs JSE:DCP: 9.91

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.

Dis-Chem Pharmacies's adjusted book value per share data of for the fiscal year that ended in Feb24 was R5.216. 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 R3.21 for the trailing ten years ended in Feb24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dis-Chem Pharmacies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dis-Chem Pharmacies'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.

Dis-Chem Pharmacies Cyclically Adjusted PB Ratio Chart

Dis-Chem Pharmacies Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 9.96 9.52

Dis-Chem Pharmacies Semi-Annual Data
Feb14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - - 9.96 - 9.52

Competitive Comparison of Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio

For the Pharmaceutical Retailers subindustry, Dis-Chem Pharmacies'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.


Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio falls into.



Dis-Chem Pharmacies 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.

Dis-Chem Pharmacies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.80/3.21
=9.91

* 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.

Dis-Chem Pharmacies's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb24 is calculated as:

For example, Dis-Chem Pharmacies's adjusted Book Value per Share data for the fiscal year that ended in Feb24 was:

Adj_Book=Book Value per Share/CPI of Feb24 (Change)*Current CPI (Feb24)
=5.216/154.2028*154.2028
=5.216

Current CPI (Feb24) = 154.2028.

Dis-Chem Pharmacies Annual Data

Book Value per Share CPI Adj_Book
201502 1.415 97.339 2.242
201602 0.839 104.097 1.243
201702 1.287 110.855 1.790
201802 1.740 115.106 2.331
201902 2.192 119.793 2.822
202002 2.620 125.243 3.226
202102 3.382 128.817 4.048
202202 3.866 136.109 4.380
202302 4.539 146.101 4.791
202402 5.216 154.203 5.216

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.


Dis-Chem Pharmacies  (JSE:DCP) 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.


Dis-Chem Pharmacies Cyclically Adjusted PB Ratio Related Terms

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


Dis-Chem Pharmacies (JSE:DCP) Business Description

Traded in Other Exchanges
N/A
Address
23 Stag Road, Glen Austin, Midrand, Johannesburg, GT, ZAF, 1685
Dis-Chem Pharmacies Ltd is a pharmaceutical company based in South Africa. Its product portfolio includes personal care products, beauty products, healthcare and nutrition products, and dispensary and baby care products. The operating segments of the group are Retail and Wholesale. It derives maximum revenue from the Retail segment, which includes company stores, retailers of pharmaceutical and a variety of health and beauty products, as well as pharma-logistic services and oncology and retailers of pharmaceutical products. The Wholesale segment consists of the CJ wholesale and company distribution businesses, wholesalers of pharmaceuticals, and a variety of health and beauty products. Geographically, the group carries its business operations principally in South Africa.