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The Walt Disney Co (The Walt Disney Co) Cyclically Adjusted PB Ratio : 2.46 (As of Apr. 27, 2024)


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What is The Walt Disney Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), The Walt Disney Co's current share price is $112.73. The Walt Disney Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $45.91. The Walt Disney Co's Cyclically Adjusted PB Ratio for today is 2.46.

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

DIS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.74   Med: 4.24   Max: 6.04
Current: 2.46

During the past years, The Walt Disney Co's highest Cyclically Adjusted PB Ratio was 6.04. The lowest was 1.74. And the median was 4.24.

DIS's Cyclically Adjusted PB Ratio is ranked worse than
79.08% of 631 companies
in the Media - Diversified industry
Industry Median: 1.09 vs DIS: 2.46

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.

The Walt Disney Co's adjusted book value per share data for the three months ended in Dec. 2023 was $54.919. 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 $45.91 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Walt Disney Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Walt Disney 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.

The Walt Disney Co Cyclically Adjusted PB Ratio Chart

The Walt Disney Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.49 3.87 4.68 2.27 1.78

The Walt Disney Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.06 2.30 2.00 1.78 1.97

Competitive Comparison of The Walt Disney Co's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, The Walt Disney 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.


The Walt Disney Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Walt Disney 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.

The Walt Disney Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=112.73/45.91
=2.46

* 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.

The Walt Disney Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, The Walt Disney Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=54.919/129.4194*129.4194
=54.919

Current CPI (Dec. 2023) = 129.4194.

The Walt Disney Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 26.405 99.695 34.278
201406 26.776 100.560 34.461
201409 26.446 100.428 34.080
201412 25.979 99.070 33.938
201503 27.081 99.621 35.181
201506 29.074 100.684 37.372
201509 27.828 100.392 35.874
201512 25.858 99.792 33.535
201603 25.955 100.470 33.434
201606 25.996 101.688 33.085
201609 27.041 101.861 34.357
201612 27.006 101.863 34.312
201703 27.979 102.862 35.203
201706 26.582 103.349 33.287
201709 27.543 104.136 34.230
201712 28.720 104.011 35.736
201803 30.101 105.290 36.999
201806 30.725 106.317 37.402
201809 32.515 106.507 39.510
201812 33.769 105.998 41.231
201903 50.499 107.251 60.937
201906 50.798 108.070 60.834
201909 49.903 108.329 59.618
201912 50.397 108.420 60.158
202003 50.762 108.902 60.326
202006 48.212 108.767 57.366
202009 46.254 109.815 54.511
202012 47.204 109.897 55.590
202103 48.029 111.754 55.621
202106 48.704 114.631 54.987
202109 48.709 115.734 54.469
202112 50.457 117.630 55.514
202203 50.891 121.301 54.297
202206 51.937 125.017 53.766
202209 53.345 125.227 55.131
202212 53.986 125.222 55.796
202303 54.946 127.348 55.840
202306 54.806 128.729 55.100
202309 54.250 129.860 54.066
202312 54.919 129.419 54.919

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.


The Walt Disney Co  (NYSE:DIS) 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.


The Walt Disney Co Cyclically Adjusted PB Ratio Related Terms

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


The Walt Disney Co (The Walt Disney Co) Business Description

Address
500 South Buena Vista Street, Burbank, CA, USA, 91521
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
Executives
Sonia L Coleman officer: Sr. EVP and Chief HR Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Brent Woodford officer: EVP, Control, Fin Plan & Tax 1441 GARDINER LANE, LOUISVILLE KY 40213
Amy Chang director 2100 SEAPORT BLVD., C/O INFORMATICA CORPORATION, REDWOOD CITY CA 94063
Kevin A Lansberry officer: Interim Chief Finan Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Christine M Mccarthy officer: SEVP-Chief Financial Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521-0964
Carolyn Everson director C/O THE HERTZ CORPORATION, 225 BRAE BOULEVARD, PARK RIDGE NJ 07656-0713
Kristina K Schake officer: Sr. EVP and Chief Comm Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Horacio E Gutierrez officer: Sr EVP, General Counsel & Secy 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Geoff Morrell officer: SEVP Chf Corp Affairs Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Robert A Chapek officer: Chief Executive Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Paul J Richardson officer: Sr. EVP and Chief HR Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Calvin Mcdonald director C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Robert A Iger director, officer: Chairman and CEO C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1062
Zenia B. Mucha officer: SEVP Corporate Communications 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Mary Jayne Parker officer: SEVP and Chief HR Officer 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521-0966

The Walt Disney Co (The Walt Disney Co) Headlines