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Douglas Dynamics (Douglas Dynamics) Cyclically Adjusted Book per Share : $11.88 (As of Mar. 2024)


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What is Douglas Dynamics Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Douglas Dynamics's adjusted book value per share for the three months ended in Mar. 2024 was $9.403. 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 $11.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Douglas Dynamics's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Douglas Dynamics was 6.30% per year. The lowest was 5.60% per year. And the median was 5.80% per year.

As of today (2024-06-08), Douglas Dynamics's current stock price is $24.92. Douglas Dynamics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.88. Douglas Dynamics's Cyclically Adjusted PB Ratio of today is 2.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Douglas Dynamics was 6.07. The lowest was 1.84. And the median was 3.78.


Douglas Dynamics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Douglas Dynamics's Cyclically Adjusted Book per Share 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.

Douglas Dynamics Cyclically Adjusted Book per Share Chart

Douglas Dynamics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.49 9.72 10.42 11.16 11.66

Douglas Dynamics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 11.37 11.53 11.68 11.66 11.88

Competitive Comparison of Douglas Dynamics's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, Douglas Dynamics'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.


Douglas Dynamics's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Douglas Dynamics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Douglas Dynamics Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Douglas Dynamics'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)
=9.403/131.7762*131.7762
=9.403

Current CPI (Mar. 2024) = 131.7762.

Douglas Dynamics Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.325 100.560 9.599
201409 7.614 100.428 9.991
201412 7.777 99.070 10.344
201503 7.561 99.621 10.001
201506 8.001 100.684 10.472
201509 8.455 100.392 11.098
201512 8.956 99.792 11.826
201603 8.913 100.470 11.690
201606 9.403 101.688 12.185
201609 9.514 101.861 12.308
201612 9.798 101.863 12.675
201703 9.396 102.862 12.037
201706 9.829 103.349 12.533
201709 10.030 104.136 12.692
201712 11.362 104.011 14.395
201803 11.070 105.290 13.855
201806 11.897 106.317 14.746
201809 12.101 106.507 14.972
201812 12.456 105.998 15.485
201903 12.114 107.251 14.884
201906 12.916 108.070 15.749
201909 13.161 108.329 16.010
201912 13.738 108.420 16.697
202003 12.820 108.902 15.513
202006 8.068 108.767 9.775
202009 8.218 109.815 9.861
202012 8.759 109.897 10.503
202103 8.566 111.754 10.101
202106 9.105 114.631 10.467
202109 9.148 115.734 10.416
202112 9.339 117.630 10.462
202203 9.013 121.301 9.791
202206 9.597 125.017 10.116
202209 10.069 125.227 10.596
202212 10.360 125.222 10.902
202303 9.427 127.348 9.755
202306 10.362 128.729 10.607
202309 10.309 129.860 10.461
202312 10.075 129.419 10.258
202403 9.403 131.776 9.403

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Douglas Dynamics  (NYSE:PLOW) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Douglas Dynamics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.92/11.88
=2.10

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Douglas Dynamics was 6.07. The lowest was 1.84. And the median was 3.78.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Douglas Dynamics Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Douglas Dynamics's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Douglas Dynamics (Douglas Dynamics) Business Description

Traded in Other Exchanges
Address
11270 W Park Place, Suite 300, Milwaukee, WI, USA, 53224
Douglas Dynamics Inc is a manufacturer and upfitter of commercial vehicle attachments and equipment. The Company's portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company's portfolio also includes the upfit of attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The Company also leases fifteen manufacturing and upfit and service facilities located in Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. The Company conducts business in two segments: Work Truck Attachments and Work Truck Solutions.
Executives
Robert L Mccormick officer: President and CEO C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
James L Janik director C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Genderen Mark Van officer: President - Work Truck Attm. C/O DOUGLAS DYNAMICS, INC., 11270 W. PARK PLACE, SUITE 300, MILWAUKEE WI 53224
Linda R Evans officer: VP of Human Resources 7777 N 73RD STREET, MILWAUKEE WI 53223
Jon J Sisulak officer: Controller 7777 N 73RD STREET, MILWAUKEE WI 53223
Sarah C Lauber officer: CFO and Secretary 833 EAST MICHIGAN STREET, SUITE 900, MILWAUKEE WI 53202
Joher Akolawala director 11270 W. PARK PLACE, SUITE 300, MILWAUKEE WI 53224
Keith Hagelin officer: VP, Operations C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Jonathon P. Sievert officer: President - Henderson Products C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53223
Lisa R Bacus director 1601 CHESTNUT STREET, SHAREHOLDER SERVICES TL05Y, PHILADELPHIA PA 19192
Andrew Dejana officer: * See Remarks below C/O DOUGLAS DYNAMICS, INC., 777 NORTH 73RD STREET, MILWAUKEE WI 53223
Robert J Young officer: Controller C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Mark Adamson officer: VP, Sales and Marketing C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Michael W Wickham director C/O ROADWAY CORP, 1077 GORGE BLVD, AKRON OH 44310
Margaret S Dano director FLEETWOOD ENTERPRISES INC, 3125 MYERS STREET PO BOX 7638, RIVERSIDE CA 92513-7638

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