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DocMorris AG (XSWX:DOCM) Cyclically Adjusted PB Ratio : 1.52 (As of Jun. 11, 2024)


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What is DocMorris AG Cyclically Adjusted PB Ratio?

As of today (2024-06-11), DocMorris AG's current share price is CHF61.05. DocMorris AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF40.10. DocMorris AG's Cyclically Adjusted PB Ratio for today is 1.52.

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

XSWX:DOCM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 3.26   Max: 14.92
Current: 1.56

During the past 13 years, DocMorris AG's highest Cyclically Adjusted PB Ratio was 14.92. The lowest was 0.69. And the median was 3.26.

XSWX:DOCM's Cyclically Adjusted PB Ratio is ranked better than
61.03% of 331 companies
in the Healthcare Providers & Services industry
Industry Median: 2.01 vs XSWX:DOCM: 1.56

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.

DocMorris AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF36.602. 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 CHF40.10 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


DocMorris AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DocMorris AG'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.

DocMorris AG Cyclically Adjusted PB Ratio Chart

DocMorris AG 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 3.51 8.30 6.40 0.67 1.84

DocMorris AG Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 6.40 - 0.67 - 1.84

Competitive Comparison of DocMorris AG's Cyclically Adjusted PB Ratio

For the Pharmaceutical Retailers subindustry, DocMorris AG'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.


DocMorris AG's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, DocMorris AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



DocMorris AG 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.

DocMorris AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=61.05/40.1
=1.52

* 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.

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

For example, DocMorris AG'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)
=36.602/106.4612*106.4612
=36.602

Current CPI (Dec23) = 106.4612.

DocMorris AG Annual Data

Book Value per Share CPI Adj_Book
201412 22.857 100.704 24.164
201512 21.439 99.386 22.965
201612 22.887 99.380 24.518
201712 45.023 100.213 47.830
201812 53.382 100.906 56.321
201912 46.723 101.063 49.219
202012 55.553 100.241 59.000
202112 47.324 101.776 49.503
202212 30.370 104.666 30.891
202312 36.602 106.461 36.602

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.


DocMorris AG  (XSWX:DOCM) 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.


DocMorris AG Cyclically Adjusted PB Ratio Related Terms

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


DocMorris AG (XSWX:DOCM) Business Description

Traded in Other Exchanges
Address
Walzmuhlestrasse 60, Frauenfeld, CHE, 8500
DocMorris AG is an online pharmacy company and wholesale supplier to medical practitioners in Switzerland. The Group's reportable segments are Switzerland, Germany, and Europe. The operating segment in Switzerland comprises the wholesale business of supplying medical products to Swiss medical practitioners and the retail business that is focused on providing end consumers with drugs and health products from Zur Rose. The Germany segment comprises the mail-order business in drugs and health products, as well as services for mail-order pharmacies. The operating segment Europe comprises the marketplace business of PromoFarma and Doctipharma. Majority of revenue is generated from Germany segment.

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