Deutsche Konsum Real Estate AG (JSE:DKR) Cyclically Adjusted Book per Share: R143.20 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:DKR Deutsche Konsum Real Estate AG JSE:DKR
15 GF Score
Price R85.50
GF Value R339.02
! 2 Warning Signs
View Full Analysis

What is Deutsche Konsum Real Estate AG Cyclically Adjusted Book per Share?

Deutsche Konsum Real Estate AG JSE:DKR 15 Cyclically Adjusted Book per Share is R143.20 as of Mar. 2026. GuruFocus rates JSE:DKR with a GF Score™ of 15/100 and a GF Value™ of R339.02. The stock has 2 warning signs investors should review.

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.

Deutsche Konsum Real Estate AG's adjusted book value per share for the three months ended in Mar. 2026 was R75.604. 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 R143.20 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-08-02), Deutsche Konsum Real Estate AG's current stock price is R85.49935. Deutsche Konsum Real Estate AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R143.20. Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio of today is 0.60.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Deutsche Konsum Real Estate AG was 1.08. The lowest was 0.60. And the median was 0.60.


Deutsche Konsum Real Estate AG  (JSE:DKR) 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.

Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=85.49935/143.20
=0.60

* 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 10 years, the highest Cyclically Adjusted PB Ratio of Deutsche Konsum Real Estate AG was 1.08. The lowest was 0.60. And the median was 0.60.


Be Aware

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


Deutsche Konsum Real Estate AG Cyclically Adjusted Book per Share Related Terms


Deutsche Konsum Real Estate AG Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Deutsche Konsum Real Estate AG'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.

Deutsche Konsum Real Estate AG Cyclically Adjusted Book per Share Chart

Deutsche Konsum Real Estate AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 144.84

Deutsche Konsum Real Estate AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 144.84 142.88 143.20

JSE:DKR vs SPG, O, KIM: Cyclically Adjusted Book per Share Comparison

For the REIT - Retail subindustry, Deutsche Konsum Real Estate 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.


Deutsche Konsum Real Estate AG Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio falls into.


JSE:DKR
15GF Score
Deutsche Konsum Real Estate AG JSE:DKR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Konsum Real Estate AG 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, Deutsche Konsum Real Estate AG's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=75.604/131.2583*131.2583
=75.604

Current CPI (Mar. 2026) = 131.2583.

Deutsche Konsum Real Estate AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 100.717 0.000
201609 61.842 101.017 80.356
201612 59.665 101.217 77.374
201703 68.599 101.417 88.784
201706 87.808 102.117 112.866
201709 98.097 102.717 125.354
201712 103.425 102.617 132.292
201803 99.313 102.917 126.662
201806 116.651 104.017 147.201
201809 132.558 104.718 166.155
201812 132.655 104.217 167.074
201903 132.923 104.217 167.412
201906 156.072 105.718 193.778
201909 162.142 106.018 200.745
201912 162.106 105.818 201.080
202003 183.862 105.718 228.282
202006 231.672 106.618 285.214
202009 219.025 105.818 271.683
202012 205.344 105.518 255.437
202103 109.109 107.518 133.201
202106 119.133 108.486 144.140
202109 125.238 109.435 150.213
202112 133.748 110.384 159.041
202203 121.307 113.968 139.711
202206 142.433 115.760 161.502
202209 139.702 118.818 154.329
202212 149.121 119.345 164.007
202303 161.255 122.402 172.922
202306 169.057 123.140 180.202
202309 99.840 124.195 105.519
202312 102.289 123.773 108.475
202403 104.572 125.038 109.774
202406 102.700 125.882 107.087
202409 96.923 126.198 100.810
202412 87.395 127.041 90.296
202503 88.941 127.779 91.363
202506 72.187 128.412 73.787
202509 66.849 129.255 67.885
202512 66.045 129.361 67.014
202603 75.604 131.258 75.604

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

What does a Cyclically Adjusted Book per Share of R143.20 mean?
Deutsche Konsum Real Estate AG (JSE:DKR) has a Cyclically Adjusted Book per Share of R143.20 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Deutsche Konsum Real Estate AG and its competitors.
Is Deutsche Konsum Real Estate AG's Cyclically Adjusted Book per Share too high?
Deutsche Konsum Real Estate AG's current Cyclically Adjusted Book per Share is R143.20. Overall, Deutsche Konsum Real Estate AG has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Deutsche Konsum Real Estate AG's Cyclically Adjusted Book per Share compare to SPG and O?
Deutsche Konsum Real Estate AG's Cyclically Adjusted Book per Share of R143.20 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Deutsche Konsum Real Estate AG and its competitors. Deutsche Konsum Real Estate AG's current Cyclically Adjusted Book per Share is R143.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Konsum Real Estate AG stock overvalued right now?
Deutsche Konsum Real Estate AG (JSE:DKR) has a current Cyclically Adjusted Book per Share of R143.20. The stock's GF Value™ is R339.02, compared to a current price of R85.50 — trading 74.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is R143.20. Deutsche Konsum Real Estate AG's overall GF Score™ is 15/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Deutsche Konsum Real Estate AG (JSE:DKR), the current Cyclically Adjusted Book per Share is R143.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Deutsche Konsum Real Estate AG (JSE:DKR) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Konsum Real Estate AG stock appears to be undervalued. The current stock price of R85.50 is trading 74.8% below its estimated GF Value™ of R339.02.

Key valuation signals for JSE:DKR:

  • Cyclically Adjusted Book per Share: R143.20
  • GF Value™: R339.02 vs. price of R85.50 (74.8% below fair value)
  • GF Score™: 15/100 with 2 warning signs

No single metric tells the full story. See the JSE:DKR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deutsche Konsum Real Estate AG Business Description

Industry Real EstateREITs
Address Marlene-Dietrich-Allee 12b, Potsdam, BB, DEU, 14482
Deutsche Konsum Real Estate AG is a real estate company. The company is engaged in acquiring, leasing, managing, and selling retail properties across Germany. The objective of the company is to acquire and manage an attractive retail portfolio focused on regional areas and medium sized cities across Germany.
15GF Score

Get the complete analysis for JSE:DKR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R85.50
Price
R339.02
GF Value