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Dexia (STU:DXBA) Cyclically Adjusted PB Ratio : (As of May. 23, 2024)


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What is Dexia Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dexia Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dexia'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.

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Dexia Cyclically Adjusted PB Ratio Chart

Dexia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Dexia Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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Competitive Comparison of Dexia's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Dexia'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.


Dexia's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dexia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dexia 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.

Dexia's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Dexia's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=15.017/128.2922*128.2922
=15.017

Current CPI (Dec23) = 128.2922.

Dexia Annual Data

Book Value per Share CPI Adj_Book
201412 1,390.984 99.086 1,800.989
201512 2,113.247 100.572 2,695.704
201612 2,128.129 102.614 2,660.676
201712 18.301 104.804 22.403
201812 17.861 107.252 21.365
201912 17.380 108.065 20.633
202012 15.783 108.511 18.660
202112 15.497 114.705 17.333
202212 15.833 126.578 16.047
202312 15.017 128.292 15.017

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.


Dexia  (STU:DXBA) 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.


Dexia Cyclically Adjusted PB Ratio Related Terms

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Dexia (STU:DXBA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Marsveldplein 5, BastionTower, Brussels, BEL, B-1050
Dexia SA is engaged in providing retail and commercial banking, public and wholesale banking, and asset management and investor services.

Dexia (STU:DXBA) Headlines

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