DFDDF (DFDS AS) Cyclically Adjusted PB Ratio: 0.65 (As of Jul. 15, 2026) — 66% Below Median

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DFDDF DFDS AS DFDDF
67 GF Score
Price $20.64
GF Value $23.79
Valuation Modestly Undervalued
! 8 Warning Signs
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What is DFDS AS Cyclically Adjusted PB Ratio?

DFDS AS DFDDF 67 Cyclically Adjusted PB Ratio is 0.65 as of Jul. 15, 2026, which is 66% below its 10-year median of 1.91. GuruFocus rates DFDDF with a GF Score™ of 67/100 and a GF Value™ of $23.79 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 738 Transportation companies, DFDS AS ranks better than 81.57% on this metric.

As of today (2026-07-15), DFDS AS's current share price is $20.6375. DFDS AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $31.63. DFDS AS's Cyclically Adjusted PB Ratio for today is 0.65.

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

DFDDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.91   Max: 4.29
Current: 0.56

During the past years, DFDS AS's highest Cyclically Adjusted PB Ratio was 4.29. The lowest was 0.42. And the median was 1.91.

DFDDF's Cyclically Adjusted PB Ratio is ranked better than
81.57% of 738 companies
in the Transportation industry
Industry Median: 1.24 vs DFDDF: 0.56

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.

DFDS AS's adjusted book value per share data for the three months ended in Mar. 2026 was $37.726. 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 $31.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DFDS AS  (OTCPK:DFDDF) 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.


DFDS AS Cyclically Adjusted PB Ratio Related Terms


DFDS AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DFDS AS'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.

DFDS AS Cyclically Adjusted PB Ratio Chart

DFDS AS 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 2.58 1.62 1.30 0.71 0.47

DFDS AS 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 0.46 0.57 0.48 0.47 0.50

DFDS AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, DFDS AS'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.


DFDS AS Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


DFDDF
67GF Score
DFDS AS DFDDF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DFDS AS 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.

DFDS AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.6375/31.63
=0.65

* 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.

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

For example, DFDS AS'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)
=37.726/121.6800*121.6800
=37.726

Current CPI (Mar. 2026) = 121.6800.

DFDS AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.825 100.600 19.141
201609 16.296 100.200 19.789
201612 16.493 100.300 20.009
201703 15.164 101.200 18.233
201706 17.050 101.200 20.500
201709 18.698 101.800 22.349
201712 19.101 101.300 22.944
201803 19.238 101.700 23.018
201806 21.917 102.300 26.069
201809 23.665 102.400 28.121
201812 24.473 102.100 29.166
201903 23.140 102.900 27.363
201906 24.602 102.900 29.092
201909 25.963 102.900 30.701
201912 26.717 102.900 31.593
202003 26.580 103.300 31.309
202006 27.176 103.200 32.042
202009 28.881 103.500 33.954
202012 29.956 103.400 35.252
202103 30.056 104.300 35.064
202106 30.856 105.000 35.758
202109 30.633 105.800 35.231
202112 30.322 106.600 34.611
202203 29.303 109.900 32.444
202206 29.855 113.600 31.978
202209 29.313 116.400 30.643
202212 32.388 115.900 34.003
202303 32.251 117.300 33.455
202306 34.003 116.400 35.545
202309 34.980 117.400 36.255
202312 36.021 116.700 37.558
202403 35.421 118.400 36.402
202406 36.011 118.500 36.977
202409 38.703 118.900 39.608
202412 35.921 118.900 36.761
202503 36.442 120.200 36.891
202506 38.408 120.700 38.720
202509 39.652 121.600 39.678
202512 38.809 121.200 38.963
202603 37.726 121.680 37.726

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 0.65 mean?
DFDS AS (DFDDF) has a Cyclically Adjusted PB Ratio of 0.65 as of Jul. 15, 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 DFDS AS and its competitors. This is 66% below median its historical median of 1.91. Over the past decade, DFDS AS's Cyclically Adjusted PB Ratio has ranged from 0.42 to 4.29. According to the industry distribution chart, DFDS AS ranks #136 out of 738 companies in the Transportation industry, placing it in the top 18.4%.
Is DFDS AS's Cyclically Adjusted PB Ratio too high?
DFDS AS's current Cyclically Adjusted PB Ratio of 0.65 is 66% below median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 4.29. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. DFDS AS's value of 0.65 is 47.6% below this industry median. Based on the distribution chart, DFDS AS ranks #136 out of 738 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, DFDS AS has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DFDS AS's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, DFDS AS ranks #136 out of 738 companies for Cyclically Adjusted PB Ratio. This places DFDS AS in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. DFDS AS's value of 0.65 is 47.6% below this benchmark. Historically, DFDS AS's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 4.29 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 1.24, DFDS AS has consistently been below 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 1.24, based on 738 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. DFDS AS's current Cyclically Adjusted PB Ratio of 0.65 is 47.6% below 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 DFDS AS and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DFDS AS's current Cyclically Adjusted PB Ratio is 0.65, which is 66% below median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DFDS AS stock overvalued right now?
Based on GuruFocus' analysis, DFDS AS (DFDDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $23.79, compared to a current price of $20.64 — trading 13.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.65, which is 66% below median its 10-year median of 1.91 and 47.6% below the Transportation industry median of 1.24. DFDS AS's overall GF Score™ is 67/100 with 8 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 DFDS AS (DFDDF), the current Cyclically Adjusted PB Ratio is 0.65 as of Jul. 15, 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 DFDS AS (DFDDF) Overvalued in 2026?

Based on GuruFocus' analysis, DFDS AS stock appears to be undervalued. The current stock price of $20.64 is trading 13.3% below its estimated GF Value™ of $23.79. GuruFocus considers DFDS AS to be Modestly Undervalued.

Key valuation signals for DFDDF:

  • Cyclically Adjusted PB Ratio: 0.65 (66% below median its 10-year median of 1.91)
  • GF Value™: $23.79 vs. price of $20.64 (13.3% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 47.6% below the Transportation median (#136 of 738)

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


DFDS AS Business Description

Address Marmorvej 18, Copenhagen, DNK, DK-2100
DFDS AS is a transportation and logistics company domiciled in Denmark. The two main divisions are the ferry division and the logistics division. The ferry division operates ferry routes around Europe, transporting freight, passengers, and passenger cruise ferries. The logistics division provides transport solutions for full and part loads as well as contract logistics solutions, including warehousing. Its main customers include manufacturers of industrial goods. The company generates the majority of its revenue from the ferry division. It has a presence in geographical markets such as the North Sea, the Mediterranean, the Baltic and Channel, Continental, Nordic, and the UK/Ireland.
67GF 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.

$20.64
Price
$23.79
GF Value