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Dexxos Participacoes (BSP:DEXP3) Cyclically Adjusted Book per Share : R$3.26 (As of Mar. 2024)


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What is Dexxos Participacoes 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.

Dexxos Participacoes's adjusted book value per share for the three months ended in Mar. 2024 was R$8.203. 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$3.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dexxos Participacoes's average Cyclically Adjusted Book Growth Rate was 27.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.70% 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 Dexxos Participacoes was 14.70% per year. The lowest was 4.30% per year. And the median was 9.50% per year.

As of today (2024-06-10), Dexxos Participacoes's current stock price is R$10.41. Dexxos Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$3.26. Dexxos Participacoes's Cyclically Adjusted PB Ratio of today is 3.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dexxos Participacoes was 8.13. The lowest was 0.65. And the median was 3.52.


Dexxos Participacoes Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dexxos Participacoes'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.

Dexxos Participacoes Cyclically Adjusted Book per Share Chart

Dexxos Participacoes 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 2.14 2.01 2.18 2.43 3.03

Dexxos Participacoes 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 2.56 2.69 2.84 3.03 3.26

Competitive Comparison of Dexxos Participacoes's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Dexxos Participacoes'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.


Dexxos Participacoes's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dexxos Participacoes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dexxos Participacoes 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, Dexxos Participacoes'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)
=8.203/159.3724*159.3724
=8.203

Current CPI (Mar. 2024) = 159.3724.

Dexxos Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.477 88.522 0.859
201406 0.000 91.838 0.000
201412 0.208 94.194 0.352
201503 0.000 97.799 0.000
201506 0.063 100.006 0.100
201509 0.000 101.392 0.000
201512 -0.255 104.247 -0.390
201603 -0.232 106.979 -0.346
201606 -0.225 108.851 -0.329
201609 -0.320 109.986 -0.464
201612 0.219 110.802 0.315
201703 0.765 111.869 1.090
201706 0.676 112.115 0.961
201709 0.740 112.777 1.046
201712 1.767 114.068 2.469
201803 1.732 114.868 2.403
201806 1.624 117.038 2.211
201809 1.673 117.881 2.262
201812 1.715 118.340 2.310
201903 1.918 120.124 2.545
201906 1.784 120.977 2.350
201909 1.905 121.292 2.503
201912 1.901 123.436 2.454
202003 2.025 124.092 2.601
202006 2.708 123.557 3.493
202009 2.941 125.095 3.747
202012 3.004 129.012 3.711
202103 3.436 131.660 4.159
202106 4.150 133.871 4.941
202109 4.879 137.913 5.638
202112 4.701 141.992 5.276
202203 5.329 146.537 5.796
202206 5.623 149.784 5.983
202209 5.933 147.800 6.398
202212 6.094 150.207 6.466
202303 6.581 153.352 6.839
202306 6.947 154.519 7.165
202309 7.373 155.464 7.558
202312 7.772 157.148 7.882
202403 8.203 159.372 8.203

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


Dexxos Participacoes  (BSP:DEXP3) 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.

Dexxos Participacoes's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.41/3.26
=3.19

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dexxos Participacoes was 8.13. The lowest was 0.65. And the median was 3.52.


Be Aware

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


Dexxos Participacoes Cyclically Adjusted Book per Share Related Terms

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


Dexxos Participacoes (BSP:DEXP3) Business Description

Industry
Traded in Other Exchanges
Address
Do Passeio street 70 - 13 Floor, Rio de Janeiro, RJ, BRA, 20021290
Dexxos Participacoes SA formerly GPC Participacoes SA is a holding company. Through its holdings, it is engaged in the steel pipes, and chemical segments. Its activities include production of methanol and its derivative products, manufacturing steel tubes, among others.

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