DH Group Nyrt (BUD:DHGROUP) Cyclically Adjusted PB Ratio: 6.59 (As of Sep. 01, 2026) — 14% Above 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.

BUD:DHGROUP DH Group Nyrt BUD:DHGROUP
97 GF Score
Price Ft1,380.00
GF Value Ft1,232.96
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is DH Group Nyrt Cyclically Adjusted PB Ratio?

DH Group Nyrt BUD:DHGROUP 97 Cyclically Adjusted PB Ratio is 6.59 as of Sep. 01, 2026, which is 14% above its 10-year median of 5.79. GuruFocus rates BUD:DHGROUP with a GF Score™ of 97/100 and a GF Value™ of Ft1,232.96 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,301 Real Estate companies, DH Group Nyrt ranks worse than 97.77% on this metric.

As of today (2026-09-01), DH Group Nyrt's current share price is Ft1380.00. DH Group Nyrt's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Ft209.28. DH Group Nyrt's Cyclically Adjusted PB Ratio for today is 6.59.

The historical rank and industry rank for DH Group Nyrt's Cyclically Adjusted PB Ratio or its related term are showing as below:

BUD:DHGROUP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.57   Med: 5.79   Max: 7.15
Current: 6.59

During the past years, DH Group Nyrt's highest Cyclically Adjusted PB Ratio was 7.15. The lowest was 4.57. And the median was 5.79.

BUD:DHGROUP's Cyclically Adjusted PB Ratio is ranked worse than
97.77% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs BUD:DHGROUP: 6.59

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.

DH Group Nyrt's adjusted book value per share data for the three months ended in Jun. 2026 was Ft113.579. 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 Ft209.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DH Group Nyrt  (BUD:DHGROUP) 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.


DH Group Nyrt Cyclically Adjusted PB Ratio Related Terms


DH Group Nyrt Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DH Group Nyrt'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.

DH Group Nyrt Cyclically Adjusted PB Ratio Chart

DH Group Nyrt 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 0.00 0.00 0.00 4.82 6.60

DH Group Nyrt Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 5.03 4.64 6.60 5.61 5.95

DH Group Nyrt Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, DH Group Nyrt'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.


DH Group Nyrt Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, DH Group Nyrt's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where DH Group Nyrt's Cyclically Adjusted PB Ratio falls into.


BUD:DHGROUP
97GF Score
DH Group Nyrt BUD:DHGROUP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DH Group Nyrt 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.

DH Group Nyrt's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1380.00/209.28
=6.59

* 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.

DH Group Nyrt's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, DH Group Nyrt's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=113.579/175.2800*175.2800
=113.579

Current CPI (Jun. 2026) = 175.2800.

DH Group Nyrt Quarterly Data

Book Value per Share CPI Adj_Book
201606 77.595 100.814 134.910
201609 0.000 100.370 0.000
201612 84.422 101.406 145.923
201703 127.537 102.147 218.849
201706 121.340 102.724 207.045
201709 127.347 102.902 216.920
201712 132.392 103.627 223.935
201803 0.000 104.219 0.000
201806 145.894 105.922 241.427
201809 0.000 106.588 0.000
201812 161.423 106.440 265.824
201903 164.000 108.068 265.998
201906 147.405 109.475 236.011
201909 155.065 109.623 247.940
201912 165.350 110.659 261.909
202003 197.949 112.287 308.998
202006 203.931 112.583 317.498
202009 191.352 113.398 295.775
202012 203.276 113.694 313.388
202103 210.936 116.358 317.750
202106 178.238 118.579 263.467
202109 191.963 119.541 281.470
202112 247.967 122.058 356.091
202203 210.067 126.351 291.415
202206 187.457 132.420 248.130
202209 262.929 143.597 320.941
202212 150.856 152.036 173.920
202303 171.398 158.105 190.017
202306 82.759 158.993 91.237
202309 103.139 161.140 112.189
202312 153.754 160.400 168.018
202403 176.256 163.879 188.519
202406 65.136 164.841 69.261
202409 84.980 165.877 89.797
202412 75.944 167.802 79.329
202503 86.939 171.577 88.816
202506 93.613 172.391 95.182
202512 136.109 173.280 137.680
202603 163.563 174.690 164.115
202606 113.579 175.280 113.579

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 6.59 mean?
DH Group Nyrt (BUD:DHGROUP) has a Cyclically Adjusted PB Ratio of 6.59 as of Sep. 01, 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 DH Group Nyrt and its competitors. This is 14% above median its historical median of 5.79. Over the past decade, DH Group Nyrt's Cyclically Adjusted PB Ratio has ranged from 4.57 to 7.15. According to the industry distribution chart, DH Group Nyrt ranks #1272 out of 1301 companies in the Real Estate industry, placing it in the top 97.8%.
Is DH Group Nyrt's Cyclically Adjusted PB Ratio too high?
DH Group Nyrt's current Cyclically Adjusted PB Ratio of 6.59 is 14% above median its 10-year median of 5.79. Over the past 10 years, this metric has ranged from a low of 4.57 to a high of 7.15. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. DH Group Nyrt's value of 6.59 is 883.6% above this industry median. Based on the distribution chart, DH Group Nyrt ranks #1272 out of 1301 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, DH Group Nyrt has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DH Group Nyrt's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, DH Group Nyrt ranks #1272 out of 1301 companies for Cyclically Adjusted PB Ratio. This places DH Group Nyrt in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. DH Group Nyrt's value of 6.59 is 883.6% above this benchmark. Historically, DH Group Nyrt's own Cyclically Adjusted PB Ratio has ranged from 4.57 to 7.15 over the past decade. While the company's 10-year median is 5.79 vs. the industry median of 0.67, DH Group Nyrt 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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. DH Group Nyrt's current Cyclically Adjusted PB Ratio of 6.59 is 883.6% 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 DH Group Nyrt and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DH Group Nyrt's current Cyclically Adjusted PB Ratio is 6.59, which is 14% above median its own 10-year median of 5.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DH Group Nyrt stock overvalued right now?
Based on GuruFocus' analysis, DH Group Nyrt (BUD:DHGROUP) is currently considered Modestly Overvalued. The stock's GF Value™ is Ft1,232.96, compared to a current price of Ft1,380.00 — trading 11.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.59, which is 14% above median its 10-year median of 5.79 and 883.6% above the Real Estate industry median of 0.67. DH Group Nyrt's overall GF Score™ is 97/100 with 3 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 DH Group Nyrt (BUD:DHGROUP), the current Cyclically Adjusted PB Ratio is 6.59 as of Sep. 01, 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 DH Group Nyrt (BUD:DHGROUP) Overvalued in 2026?

Based on GuruFocus' analysis, DH Group Nyrt stock appears to be overvalued. The current stock price of Ft1,380.00 is trading 11.9% above its estimated GF Value™ of Ft1,232.96. GuruFocus considers DH Group Nyrt to be Modestly Overvalued.

Key valuation signals for BUD:DHGROUP:

  • Cyclically Adjusted PB Ratio: 6.59 (14% above median its 10-year median of 5.79)
  • GF Value™: Ft1,232.96 vs. price of Ft1,380.00 (11.9% above fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 883.6% above the Real Estate median (#1272 of 1301)

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


DH Group Nyrt Business Description

Address Kapas utca 6-12, Budapest, HUN, 1027
DH Group Nyrt is a Hungarian company and its main activities are financial product brokerage, real estate brokerage and other related services. The company's services include consumer finance solutions and Real Estate solutions.
97GF Score

Get the complete analysis for BUD:DHGROUP

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

Ft1,380.00
Price
Ft1,232.96
GF Value