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Dnow (FRA:11N) Cyclically Adjusted PB Ratio : 1.07 (As of May. 26, 2024)


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What is Dnow Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Dnow's current share price is €13.00. Dnow's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.11. Dnow's Cyclically Adjusted PB Ratio for today is 1.07.

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

FRA:11N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.84   Max: 1.16
Current: 1.09

During the past years, Dnow's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.69. And the median was 0.84.

FRA:11N's Cyclically Adjusted PB Ratio is ranked better than
70.94% of 2089 companies
in the Industrial Products industry
Industry Median: 1.86 vs FRA:11N: 1.09

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.

Dnow's adjusted book value per share data for the three months ended in Mar. 2024 was €9.270. 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 €12.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dnow Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dnow'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.

Dnow Cyclically Adjusted PB Ratio Chart

Dnow 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 - - - 0.95 0.86

Dnow 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 0.83 0.77 0.88 0.86 1.16

Competitive Comparison of Dnow's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Dnow'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.


Dnow's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dnow's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dnow 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.

Dnow's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.00/12.11
=1.07

* 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.

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

For example, Dnow'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)
=9.27/131.7762*131.7762
=9.270

Current CPI (Mar. 2024) = 131.7762.

Dnow Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.461 100.560 17.640
201409 14.300 100.428 18.764
201412 14.892 99.070 19.808
201503 16.570 99.621 21.918
201506 15.978 100.684 20.912
201509 13.780 100.392 18.088
201512 12.012 99.792 15.862
201603 11.435 100.470 14.998
201606 10.948 101.688 14.187
201609 10.512 101.861 13.599
201612 10.435 101.863 13.499
201703 10.204 102.862 13.072
201706 9.716 103.349 12.388
201709 9.238 104.136 11.690
201712 9.269 104.011 11.743
201803 8.805 105.290 11.020
201806 9.390 106.317 11.639
201809 9.620 106.507 11.902
201812 9.842 105.998 12.236
201903 10.136 107.251 12.454
201906 10.282 108.070 12.538
201909 10.574 108.329 12.863
201912 9.428 108.420 11.459
202003 6.359 108.902 7.695
202006 6.065 108.767 7.348
202009 5.674 109.815 6.809
202012 5.226 109.897 6.266
202103 5.272 111.754 6.217
202106 5.225 114.631 6.006
202109 5.374 115.734 6.119
202112 5.691 117.630 6.375
202203 6.121 121.301 6.650
202206 6.631 125.017 6.990
202209 7.340 125.227 7.724
202212 7.202 125.222 7.579
202303 7.331 127.348 7.586
202306 7.559 128.729 7.738
202309 7.966 129.860 8.084
202312 9.148 129.419 9.315
202403 9.270 131.776 9.270

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.


Dnow  (FRA:11N) 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.


Dnow Cyclically Adjusted PB Ratio Related Terms

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


Dnow (FRA:11N) Business Description

Industry
Traded in Other Exchanges
Address
7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a company engaged in worldwide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. They offer a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.

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