DO AG (CHIX:DOCV) Cyclically Adjusted PB Ratio: 7.11 (As of Jul. 03, 2026) — 69% Above Median


CHIX:DOCV DO & Co AG CHIX:DOCV
96 GF Score
Price €187.60
GF Value €208.54
Valuation Modestly Undervalued
! 5 Warning Signs
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What is DO AG Cyclically Adjusted PB Ratio?

DO AG CHIX:DOCV 96 Cyclically Adjusted PB Ratio is 7.11 as of Jul. 03, 2026, which is 69% above its 10-year median of 4.20. GuruFocus rates CHIX:DOCV with a GF Score™ of 96/100 and a GF Value™ of €208.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 739 Transportation companies, DO AG ranks worse than 95.67% on this metric.

As of today (2026-07-03), DO AG's current share price is €187.60. DO AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €26.38. DO AG's Cyclically Adjusted PB Ratio for today is 7.11.

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

CHIX:DOCv' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 4.2   Max: 9.47
Current: 8.65

During the past years, DO AG's highest Cyclically Adjusted PB Ratio was 9.47. The lowest was 1.54. And the median was 4.20.

CHIX:DOCv's Cyclically Adjusted PB Ratio is ranked worse than
95.67% of 739 companies
in the Transportation industry
Industry Median: 1.23 vs CHIX:DOCv: 8.65

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.

DO AG's adjusted book value per share data for the three months ended in Mar. 2026 was €43.770. 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 €26.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DO AG  (CHIX:DOCv) 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.


DO AG Cyclically Adjusted PB Ratio Related Terms


DO AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DO AG'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.

DO AG Cyclically Adjusted PB Ratio Chart

DO AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.67 4.85 5.98 6.66 6.23

DO 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 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 6.66 7.30 8.84 8.07 6.23

CHIX:DOCV vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, DO 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.


DO AG Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, DO AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:DOCV
96GF Score
DO & Co AG CHIX:DOCV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DO AG 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.

DO AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=187.60/26.38
=7.11

* 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.

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

For example, DO 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)
=43.77/140.3549*140.3549
=43.770

Current CPI (Mar. 2026) = 140.3549.

DO AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 21.627 101.092 30.027
201609 21.226 101.192 29.441
201612 21.427 102.092 29.458
201703 21.031 102.592 28.772
201706 20.939 102.991 28.535
201709 20.354 103.591 27.577
201712 20.538 104.291 27.640
201803 20.606 104.491 27.678
201806 20.794 105.091 27.771
201809 19.775 105.691 26.261
201812 21.091 106.291 27.850
201903 21.530 106.391 28.403
201906 21.734 106.791 28.565
201909 22.312 106.991 29.270
201912 22.555 108.091 29.287
202003 16.649 108.024 21.632
202006 13.712 107.915 17.834
202009 10.933 108.348 14.163
202012 10.822 109.321 13.894
202103 12.057 110.186 15.358
202106 12.887 110.943 16.303
202109 13.502 111.916 16.933
202112 13.246 113.971 16.312
202203 11.712 117.647 13.973
202206 13.878 120.567 16.156
202209 15.211 123.811 17.244
202212 15.250 125.541 17.050
202303 17.184 128.460 18.775
202306 20.110 130.191 21.680
202309 23.529 131.272 25.157
202312 24.664 132.570 26.112
202403 27.071 133.759 28.406
202406 28.997 134.083 30.353
202409 31.098 133.651 32.658
202412 34.492 135.273 35.788
202503 36.435 137.760 37.121
202506 37.576 138.517 38.075
202509 38.007 138.949 38.392
202512 40.827 140.355 40.827
202603 43.770 140.355 43.770

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 7.11 mean?
DO AG (CHIX:DOCV) has a Cyclically Adjusted PB Ratio of 7.11 as of Jul. 03, 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 DO AG and its competitors. This is 69% above median its historical median of 4.20. Over the past decade, DO AG's Cyclically Adjusted PB Ratio has ranged from 1.54 to 9.47. According to the industry distribution chart, DO AG ranks #707 out of 739 companies in the Transportation industry, placing it in the top 95.7%.
Is DO AG's Cyclically Adjusted PB Ratio too high?
DO AG's current Cyclically Adjusted PB Ratio of 7.11 is 69% above median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 9.47. The Transportation industry median Cyclically Adjusted PB Ratio is 1.23. DO AG's value of 7.11 is 478% above this industry median. Based on the distribution chart, DO AG ranks #707 out of 739 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, DO AG has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DO AG's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, DO AG ranks #707 out of 739 companies for Cyclically Adjusted PB Ratio. This places DO AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. DO AG's value of 7.11 is 478% above this benchmark. Historically, DO AG's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 9.47 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 1.23, DO AG 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.23, based on 739 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. DO AG's current Cyclically Adjusted PB Ratio of 7.11 is 478% 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 DO AG and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DO AG's current Cyclically Adjusted PB Ratio is 7.11, which is 69% above median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DO AG stock overvalued right now?
Based on GuruFocus' analysis, DO AG (CHIX:DOCV) is currently considered Modestly Undervalued. The stock's GF Value™ is €208.54, compared to a current price of €187.60 — trading 10% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.11, which is 69% above median its 10-year median of 4.20 and 478% above the Transportation industry median of 1.23. DO AG's overall GF Score™ is 96/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For DO AG (CHIX:DOCV), the current Cyclically Adjusted PB Ratio is 7.11 as of Jul. 03, 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 DO AG (CHIX:DOCV) Overvalued in 2026?

Based on GuruFocus' analysis, DO AG stock appears to be undervalued. The current stock price of €187.60 is trading 10% below its estimated GF Value™ of €208.54. GuruFocus considers DO AG to be Modestly Undervalued.

Key valuation signals for CHIX:DOCV:

  • Cyclically Adjusted PB Ratio: 7.11 (69% above median its 10-year median of 4.20)
  • GF Value™: €208.54 vs. price of €187.60 (10% below fair value)
  • GF Score™: 96/100 with 5 warning signs
  • Industry Position: 478% above the Transportation median (#707 of 739)

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


DO AG Business Description

Address Stephansplatz 12, Vienna, AUT, 1010
DO & Co AG is a gourmet entertainment company. It is active in three business segments: Airline Catering, International Events Catering, and Restaurants, Lounges, and Hotels. The majority of its revenue is generated from the Airline Catering segment, which includes operating gourmet kitchens at various international airports. Its clientele includes players such as Austrian Airlines, British Airways, Cathay Pacific, China Airlines, Delta Air Lines, Emirates, Etihad Airways, EVA Air, Egypt Air, Iberia, Iberia Express, JetBlue, Korean Air, LOT Polish Airlines, Oman Air, Pegasus Airlines, Qatar Airways, Singapore Airlines, Thai Airways and Turkish Airlines. It has presence in Turkiye, Austria, Great Britain, Germany, USA, Spain, other countries of which majority of revenue is from Turkiye.
96GF Score

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

€187.60
Price
€208.54
GF Value