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DDS (TSE:3782) Cyclically Adjusted PB Ratio : 0.20 (As of Jun. 06, 2024)


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What is DDS Cyclically Adjusted PB Ratio?

As of today (2024-06-06), DDS's current share price is 円8.00. DDS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 was 円40.62. DDS's Cyclically Adjusted PB Ratio for today is 0.20.

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

TSE:3782's Cyclically Adjusted PB Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.6
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

DDS's adjusted book value per share data for the three months ended in Mar. 2023 was 円20.843. 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 円40.62 for the trailing ten years ended in Mar. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


DDS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DDS'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.

DDS Cyclically Adjusted PB Ratio Chart

DDS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.41 16.08 7.53 4.48 1.67

DDS Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 4.12 2.43 1.68 1.67 1.55

Competitive Comparison of DDS's Cyclically Adjusted PB Ratio

For the Security & Protection Services subindustry, DDS'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.


DDS's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DDS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DDS 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.00/40.62
=0.20

* 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.

DDS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, DDS's adjusted Book Value per Share data for the three months ended in Mar. 2023 was:

Adj_Book=Book Value per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=20.843/104.4000*104.4000
=20.843

Current CPI (Mar. 2023) = 104.4000.

DDS Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.229 94.600 0.253
201309 23.314 95.400 25.513
201312 19.819 95.600 21.643
201403 20.979 95.700 22.886
201406 52.029 98.000 55.427
201409 51.772 98.500 54.873
201412 50.529 97.900 53.884
201503 46.605 97.900 49.699
201506 44.765 98.400 47.495
201509 41.965 98.500 44.479
201512 37.775 98.100 40.201
201603 35.451 97.900 37.805
201606 30.474 98.100 32.431
201609 31.107 98.000 33.138
201612 42.251 98.400 44.827
201703 43.487 98.100 46.280
201706 40.762 98.500 43.204
201709 42.794 98.800 45.220
201712 40.648 99.400 42.693
201803 42.553 99.200 44.784
201806 41.045 99.200 43.197
201809 48.538 99.900 50.724
201812 35.813 99.700 37.501
201903 34.832 99.700 36.474
201906 34.432 99.800 36.019
201909 34.154 100.100 35.621
201912 37.882 100.500 39.352
202003 35.348 100.300 36.793
202006 39.721 99.900 41.510
202009 57.306 99.900 59.887
202012 60.184 99.300 63.275
202103 57.487 99.900 60.077
202106 49.586 99.500 52.028
202109 49.498 100.100 51.624
202112 40.460 100.100 42.198
202203 40.247 101.100 41.561
202206 37.381 101.800 38.336
202209 28.056 103.100 28.410
202212 22.538 104.100 22.603
202303 20.843 104.400 20.843

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.


DDS  (TSE:3782) 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.


DDS Cyclically Adjusted PB Ratio Related Terms

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


DDS (TSE:3782) Business Description

Industry
Traded in Other Exchanges
N/A
Address
DDS building, 7th Floor 3-6-41 Marunouchi, Naka-ku, Nagoya, JPN, 460-0002
DDS Inc is a fabless venture company engaged in the research and development of multimedia products. The company operates through two business divisions: Biometrics business and Research and Development/Customized Development business. The Biometrics division pursues the research, development, and sales of information technology-related products such as fingerprint authentication systems for PCs and cell phones using biometric authentication technology. The development division has a customized development system covering a wide range of technologies and product fields.

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