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DSV AS (WBO:DSV) Cyclically Adjusted PB Ratio : 5.74 (As of May. 26, 2024)


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What is DSV AS Cyclically Adjusted PB Ratio?

As of today (2024-05-26), DSV AS's current share 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 for today is 5.74.

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

WBO:DSV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.4   Med: 11.71   Max: 19.23
Current: 5.74

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

WBO:DSV's Cyclically Adjusted PB Ratio is ranked worse than
92.22% of 707 companies
in the Transportation industry
Industry Median: 1.26 vs WBO:DSV: 5.74

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


DSV AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DSV AS'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.

DSV AS Cyclically Adjusted PB Ratio Chart

DSV AS 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 13.04 13.25 14.94 7.70 6.88

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 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 8.76 9.10 7.94 6.88 6.16

Competitive Comparison of DSV AS's Cyclically Adjusted PB Ratio

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 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.

DSV AS's Cyclically Adjusted PB Ratio for 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.

DSV AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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.

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.


DSV AS  (WBO:DSV) 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.


DSV AS Cyclically Adjusted PB Ratio Related Terms

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


DSV AS (WBO:DSV) Business Description

Industry
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.

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