GDS Holdings (MEX:GDSN) Cyclically Adjusted Book per Share: MXN253.72 (As of Mar. 2026)


MEX:GDSN GDS Holdings Ltd MEX:GDSN
69 GF Score
Price MXN618.00
GF Value MXN449.22
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is GDS Holdings Cyclically Adjusted Book per Share?

GDS Holdings MEX:GDSN 69 Cyclically Adjusted Book per Share is MXN253.72 as of Mar. 2026. GuruFocus rates MEX:GDSN with a GF Score™ of 69/100 and a GF Value™ of MXN449.22 (Significantly Overvalued). The stock has 5 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.

GDS Holdings's adjusted book value per share for the three months ended in Mar. 2026 was MXN371.115. 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 MXN253.72 for the trailing ten years ended in Mar. 2026.

During the past 12 months, GDS Holdings's average Cyclically Adjusted Book Growth Rate was 12.20% 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.

As of today (2026-06-26), GDS Holdings's current stock price is MXN618.00. GDS Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN253.72. GDS Holdings's Cyclically Adjusted PB Ratio of today is 2.44.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of GDS Holdings was 3.63. The lowest was 1.78. And the median was 2.87.


GDS Holdings  (MEX:GDSN) 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.

GDS Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=618.00/253.72
=2.44

* 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 12 years, the highest Cyclically Adjusted PB Ratio of GDS Holdings was 3.63. The lowest was 1.78. And the median was 2.87.


Be Aware

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


GDS Holdings Cyclically Adjusted Book per Share Related Terms


GDS Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for GDS Holdings'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.

GDS Holdings Cyclically Adjusted Book per Share Chart

GDS Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 201.72

GDS Holdings 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 316.53 176.74 194.35 201.72 253.72

MEX:GDSN vs INGM, PSN, G: Cyclically Adjusted Book per Share Comparison

For the Information Technology Services subindustry, GDS Holdings'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.


GDS Holdings Cyclically Adjusted PB Ratio vs Software Industry

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

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


MEX:GDSN
69GF Score
GDS Holdings Ltd MEX:GDSN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GDS Holdings 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, GDS Holdings'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)
=371.115/116.3033*116.3033
=371.115

Current CPI (Mar. 2026) = 116.3033.

GDS Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 -16.448 101.400 -18.865
201609 -19.980 102.400 -22.693
201612 93.662 102.600 106.172
201703 84.793 103.200 95.559
201706 78.727 103.100 88.809
201709 80.021 104.100 89.402
201712 113.306 104.500 126.104
201803 129.113 105.300 142.605
201806 136.608 104.900 151.458
201809 121.332 106.600 132.376
201812 125.121 106.500 136.638
201903 174.950 107.700 188.925
201906 160.882 107.700 173.734
201909 159.729 109.800 169.190
201912 182.038 111.200 190.392
202003 225.105 112.300 233.130
202006 282.023 110.400 297.103
202009 269.892 111.700 281.015
202012 416.107 111.500 434.032
202103 426.732 112.662 440.526
202106 415.310 111.769 432.158
202109 422.587 112.215 437.981
202112 421.751 113.108 433.667
202203 394.961 114.335 401.761
202206 371.196 114.558 376.852
202209 346.574 115.339 349.472
202212 337.842 115.116 341.328
202303 311.172 115.116 314.383
202306 281.493 114.558 285.782
202309 273.936 115.339 276.227
202312 235.708 114.781 238.834
202403 232.763 115.227 234.937
202406 238.710 114.781 241.876
202409 266.516 115.785 267.709
202412 330.927 114.893 334.991
202503 353.388 115.116 357.034
202506 334.116 114.907 338.175
202509 328.983 115.471 331.353
202512 328.945 115.832 330.283
202603 371.115 116.303 371.115

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 MXN253.72 mean?
GDS Holdings (MEX:GDSN) has a Cyclically Adjusted Book per Share of MXN253.72 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 GDS Holdings and its competitors.
Is GDS Holdings' Cyclically Adjusted Book per Share too high?
GDS Holdings' current Cyclically Adjusted Book per Share is MXN253.72. Overall, GDS Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GDS Holdings' Cyclically Adjusted Book per Share compare to INGM and PSN?
GDS Holdings' Cyclically Adjusted Book per Share of MXN253.72 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Book per Share depends on the Software 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 GDS Holdings and its competitors. GDS Holdings's current Cyclically Adjusted Book per Share is MXN253.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GDS Holdings stock overvalued right now?
Based on GuruFocus' analysis, GDS Holdings (MEX:GDSN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN449.22, compared to a current price of MXN618.00 — trading 37.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN253.72. GDS Holdings' overall GF Score™ is 69/100 with 5 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 GDS Holdings (MEX:GDSN), the current Cyclically Adjusted Book per Share is MXN253.72 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 GDS Holdings (MEX:GDSN) Overvalued in 2026?

Based on GuruFocus' analysis, GDS Holdings stock appears to be overvalued. The current stock price of MXN618.00 is trading 37.6% above its estimated GF Value™ of MXN449.22. GuruFocus considers GDS Holdings to be Significantly Overvalued.

Key valuation signals for MEX:GDSN:

  • Cyclically Adjusted Book per Share: MXN253.72
  • GF Value™: MXN449.22 vs. price of MXN618.00 (37.6% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


GDS Holdings Business Description

Address No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137
GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
69GF Score

Get the complete analysis for MEX:GDSN

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

MXN618.00
Price
MXN449.22
GF Value