Digital Realty Trust (BSP:D1LR34) Cyclically Adjusted PB Ratio: 3.14 (As of Jul. 30, 2026) — 27% Below Median

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.

BSP:D1LR34 Digital Realty Trust Inc BSP:D1LR34
81 GF Score
Price R$60.68
GF Value R$54.98
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Digital Realty Trust Cyclically Adjusted PB Ratio?

Digital Realty Trust BSP:D1LR34 -4.32% 81 Cyclically Adjusted PB Ratio is 3.14 as of Jul. 30, 2026, which is 27% below its 10-year median of 4.28. GuruFocus rates BSP:D1LR34 with a GF Score™ of 81/100 and a GF Value™ of R$54.98 (Fairly Valued). The stock has 10 warning signs investors should review. Among 554 REITs companies, Digital Realty Trust ranks worse than 93.5% on this metric.

As of today (2026-07-30), Digital Realty Trust's current share price is R$60.68. Digital Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$19.35. Digital Realty Trust's Cyclically Adjusted PB Ratio for today is 3.14.

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

BSP:D1LR34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 4.28   Max: 6.31
Current: 3.14

During the past years, Digital Realty Trust's highest Cyclically Adjusted PB Ratio was 6.31. The lowest was 1.97. And the median was 4.28.

BSP:D1LR34's Cyclically Adjusted PB Ratio is ranked worse than
93.5% of 554 companies
in the REITs industry
Industry Median: 0.81 vs BSP:D1LR34: 3.14

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.

Digital Realty Trust's adjusted book value per share data for the three months ended in Mar. 2026 was R$21.205. 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 R$19.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Realty Trust  (BSP:D1LR34) 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.


Digital Realty Trust Cyclically Adjusted PB Ratio Related Terms


Digital Realty Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Digital Realty Trust'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.

Digital Realty Trust Cyclically Adjusted PB Ratio Chart

Digital Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.60 2.27 2.78 3.35 2.67

Digital Realty Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.12 3.02 2.67 3.01 0.00

BSP:D1LR34 vs AMT, EQIX, IRM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Digital Realty Trust'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.


Digital Realty Trust Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Digital Realty Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Digital Realty Trust's Cyclically Adjusted PB Ratio falls into.


BSP:D1LR34
81GF Score
Digital Realty Trust Inc BSP:D1LR34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital Realty Trust 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.

Digital Realty Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.68/19.35
=3.14

* 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.

Digital Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Digital Realty Trust'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)
=21.205/330.2130*330.2130
=21.205

Current CPI (Mar. 2026) = 330.2130.

Digital Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.370 241.018 5.987
201609 5.304 241.428 7.255
201612 5.382 241.432 7.361
201703 4.923 243.801 6.668
201706 5.283 244.955 7.122
201709 8.786 246.819 11.755
201712 9.120 246.524 12.216
201803 8.963 249.554 11.860
201806 10.169 251.989 13.326
201809 10.927 252.439 14.294
201812 10.122 251.233 13.304
201903 9.956 254.202 12.933
201906 9.789 256.143 12.620
201909 10.292 256.759 13.236
201912 10.370 256.974 13.326
202003 17.408 258.115 22.270
202006 18.787 257.797 24.064
202009 20.158 260.280 25.574
202012 19.235 260.474 24.385
202103 20.869 264.877 26.017
202106 18.601 271.696 22.607
202109 19.229 274.310 23.148
202112 21.464 278.802 25.422
202203 18.538 287.504 21.292
202206 18.179 296.311 20.259
202209 18.617 296.808 20.712
202212 18.975 296.797 21.111
202303 18.418 301.836 20.150
202306 17.122 305.109 18.531
202309 17.794 307.789 19.090
202312 18.069 306.746 19.451
202403 18.219 312.332 19.262
202406 20.459 314.175 21.503
202409 21.429 315.301 22.442
202412 23.344 315.605 24.424
202503 21.977 319.799 22.693
202506 22.590 322.561 23.126
202509 21.783 324.800 22.146
202512 22.028 324.054 22.447
202603 21.205 330.213 21.205

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.

What does a Cyclically Adjusted PB Ratio of 3.14 mean?
Digital Realty Trust (BSP:D1LR34) has a Cyclically Adjusted PB Ratio of 3.14 as of Jul. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Digital Realty Trust and its competitors. This is 27% below median its historical median of 4.28. Over the past decade, Digital Realty Trust's Cyclically Adjusted PB Ratio has ranged from 1.97 to 6.31. According to the industry distribution chart, Digital Realty Trust ranks #518 out of 554 companies in the REITs industry, placing it in the top 93.5%.
Is Digital Realty Trust's Cyclically Adjusted PB Ratio too high?
Digital Realty Trust's current Cyclically Adjusted PB Ratio of 3.14 is 27% below median its 10-year median of 4.28. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 6.31. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Digital Realty Trust's value of 3.14 is 287.7% above this industry median. Based on the distribution chart, Digital Realty Trust ranks #518 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Digital Realty Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Digital Realty Trust's Cyclically Adjusted PB Ratio compare to AMT and EQIX?
According to the REITs industry distribution chart, Digital Realty Trust ranks #518 out of 554 companies for Cyclically Adjusted PB Ratio. This places Digital Realty Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Digital Realty Trust's value of 3.14 is 287.7% above this benchmark. Historically, Digital Realty Trust's own Cyclically Adjusted PB Ratio has ranged from 1.97 to 6.31 over the past decade. While the company's 10-year median is 4.28 vs. the industry median of 0.81, Digital Realty Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.81, based on 554 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Digital Realty Trust's current Cyclically Adjusted PB Ratio of 3.14 is 287.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Digital Realty Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Realty Trust's current Cyclically Adjusted PB Ratio is 3.14, which is 27% below median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Digital Realty Trust (BSP:D1LR34) is currently considered Fairly Valued. The stock's GF Value™ is R$54.98, compared to a current price of R$60.68 — trading 10.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.14, which is 27% below median its 10-year median of 4.28 and 287.7% above the REITs industry median of 0.81. Digital Realty Trust's overall GF Score™ is 81/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Digital Realty Trust (BSP:D1LR34), the current Cyclically Adjusted PB Ratio is 3.14 as of Jul. 30, 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 Digital Realty Trust (BSP:D1LR34) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Realty Trust stock appears to be overvalued. The current stock price of R$60.68 is trading 10.4% above its estimated GF Value™ of R$54.98. GuruFocus considers Digital Realty Trust to be Fairly Valued.

Key valuation signals for BSP:D1LR34:

  • Cyclically Adjusted PB Ratio: 3.14 (27% below median its 10-year median of 4.28)
  • GF Value™: R$54.98 vs. price of R$60.68 (10.4% above fair value)
  • GF Score™: 81/100 with 10 warning signs
  • Industry Position: 287.7% above the REITs median (#518 of 554)

No single metric tells the full story. See the BSP:D1LR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Digital Realty Trust Business Description

Industry Real EstateREITs
Address 2323 Bryan Street, Suite 1800, Dallas, TX, USA, 75201
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
81GF Score

Get the complete analysis for BSP:D1LR34

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

R$60.68
Price
R$54.98
GF Value