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Dream Security Co (XKRX:203650) Cyclically Adjusted PB Ratio : 2.31 (As of May. 24, 2024)


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What is Dream Security Co Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Dream Security Co's current share price is ₩3300.00. Dream Security Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩1,427.14. Dream Security Co's Cyclically Adjusted PB Ratio for today is 2.31.

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

XKRX:203650' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.26   Med: 2.34   Max: 2.43
Current: 2.35

During the past years, Dream Security Co's highest Cyclically Adjusted PB Ratio was 2.43. The lowest was 2.26. And the median was 2.34.

XKRX:203650's Cyclically Adjusted PB Ratio is ranked better than
53.7% of 1352 companies
in the Software industry
Industry Median: 2.615 vs XKRX:203650: 2.35

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.

Dream Security Co's adjusted book value per share data for the three months ended in Mar. 2024 was ₩2,461.995. 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 ₩1,427.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Security Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dream Security Co'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.

Dream Security Co Cyclically Adjusted PB Ratio Chart

Dream Security Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Dream Security Co 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 - - - - 2.52

Competitive Comparison of Dream Security Co's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Dream Security Co'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.


Dream Security Co's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Dream Security Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dream Security Co 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.

Dream Security Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3300.00/1427.14
=2.31

* 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.

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

For example, Dream Security Co'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)
=2461.995/118.8477*118.8477
=2,461.995

Current CPI (Mar. 2024) = 118.8477.

Dream Security Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 99.353 0.000
201409 0.000 99.608 0.000
201412 1,785.465 99.098 2,141.299
201503 1,776.816 99.720 2,117.634
201506 1,789.166 100.050 2,125.320
201509 1,791.565 100.110 2,126.894
201512 1,795.019 100.220 2,128.656
201603 0.000 100.560 0.000
201606 0.000 100.790 0.000
201609 0.000 101.460 0.000
201612 1,685.552 101.560 1,972.469
201703 455.408 102.850 526.244
201706 466.564 102.610 540.396
201709 465.866 103.490 535.000
201712 546.537 102.990 630.689
201803 554.275 104.100 632.798
201806 531.931 104.130 607.114
201809 545.622 105.650 613.781
201812 644.961 104.350 734.568
201903 610.993 104.490 694.948
201906 611.697 104.880 693.162
201909 656.732 105.200 741.930
201912 1,292.998 105.120 1,461.852
202003 1,321.692 105.540 1,488.346
202006 1,342.529 104.870 1,521.469
202009 1,351.714 106.200 1,512.694
202012 1,379.839 105.765 1,550.514
202103 1,383.297 107.357 1,531.352
202106 1,428.233 107.579 1,577.844
202109 1,227.326 108.759 1,341.173
202112 1,459.565 109.676 1,581.616
202203 1,514.955 111.806 1,610.372
202206 1,551.843 114.083 1,616.659
202209 1,594.884 114.831 1,650.668
202212 1,682.749 115.200 1,736.029
202303 1,798.605 116.550 1,834.070
202306 1,851.809 117.140 1,878.807
202309 1,931.428 119.111 1,927.155
202312 2,104.228 118.848 2,104.228
202403 2,461.995 118.848 2,461.995

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.


Dream Security Co  (XKRX:203650) 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.


Dream Security Co Cyclically Adjusted PB Ratio Related Terms

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


Dream Security Co (XKRX:203650) Business Description

Traded in Other Exchanges
N/A
Address
Songpa-gu, Seoul, Korea 8 Road 8 Dream Security, Bldg 3-7, Songpa-gu, Seoul, KOR
Dream Security Co Ltd is a South Korea based company. It is engaged in the development and construction of authentication security solution. The company also offers authentication service, system integration (SI) & maintenance, and security consultation.

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