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DBOEF (Deutsche Boerse AG) Cyclically Adjusted PB Ratio : 7.67 (As of May. 30, 2025)


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What is Deutsche Boerse AG Cyclically Adjusted PB Ratio?

As of today (2025-05-30), Deutsche Boerse AG's current share price is $321.95. Deutsche Boerse AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $41.99. Deutsche Boerse AG's Cyclically Adjusted PB Ratio for today is 7.67.

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

DBOEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.59   Med: 5.69   Max: 7.48
Current: 7.22

During the past years, Deutsche Boerse AG's highest Cyclically Adjusted PB Ratio was 7.48. The lowest was 3.59. And the median was 5.69.

DBOEF's Cyclically Adjusted PB Ratio is ranked worse than
89.16% of 489 companies
in the Capital Markets industry
Industry Median: 1.24 vs DBOEF: 7.22

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 Boerse AG's adjusted book value per share data for the three months ended in Mar. 2025 was $65.657. 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 $41.99 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Boerse AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deutsche Boerse 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.

* Premium members only.

Deutsche Boerse AG Cyclically Adjusted PB Ratio Chart

Deutsche Boerse AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.10 5.68 5.29 5.40 5.74

Deutsche Boerse AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.32 5.21 5.60 5.74 6.83

Competitive Comparison of Deutsche Boerse AG's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Deutsche Boerse 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 Boerse AG's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Deutsche Boerse AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Deutsche Boerse 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=321.95/41.99
=7.67

* 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 Boerse AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Deutsche Boerse AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=65.657/127.7792*127.7792
=65.657

Current CPI (Mar. 2025) = 127.7792.

Deutsche Boerse AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 21.372 100.417 27.196
201509 20.680 100.417 26.315
201512 20.746 99.717 26.584
201603 22.751 100.017 29.066
201606 24.789 100.717 31.450
201609 25.817 101.017 32.657
201612 25.303 101.217 31.943
201703 27.069 101.417 34.105
201706 27.741 102.117 34.712
201709 31.111 102.717 38.702
201712 30.702 102.617 38.230
201803 32.718 102.917 40.622
201806 29.527 104.017 36.272
201809 30.366 104.718 37.053
201812 29.920 104.217 36.684
201903 31.340 104.217 38.425
201906 29.781 105.718 35.996
201909 33.092 106.018 39.885
201912 34.741 105.818 41.951
202003 36.684 105.718 44.339
202006 35.633 106.618 42.705
202009 38.593 105.818 46.603
202012 40.889 105.518 49.516
202103 43.094 107.518 51.215
202106 41.893 108.486 49.343
202109 46.554 109.435 54.358
202112 44.357 110.384 51.347
202203 47.119 113.968 52.829
202206 45.464 115.760 50.184
202209 45.010 118.818 48.405
202212 48.843 119.345 52.295
202303 51.178 122.402 53.426
202306 49.250 123.140 51.105
202309 51.636 124.195 53.126
202312 56.917 123.773 58.759
202403 57.873 125.038 59.142
202406 56.866 125.882 57.723
202409 60.816 126.198 61.578
202412 61.368 127.041 61.724
202503 65.657 127.779 65.657

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.


Deutsche Boerse AG  (OTCPK:DBOEF) 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.


Deutsche Boerse AG Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Deutsche Boerse AG's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Deutsche Boerse AG Business Description

Address
Mergenthalerallee 61, The Cube, Eschborn, Frankfurt, HE, DEU, 65760
Deutsche Boerse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments include Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.