DFIN (Donnelley Financial Solutions) Cyclically Adjusted PB Ratio: 3.96 (As of Jul. 07, 2026) — Near Median


DFIN Donnelley Financial Solutions Inc DFIN
64 GF Score
Price $46.25
GF Value $61.14
Valuation Modestly Undervalued
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What is Donnelley Financial Solutions Cyclically Adjusted PB Ratio?

Donnelley Financial Solutions DFIN +0.09% 64 Cyclically Adjusted PB Ratio is 3.96 as of Jul. 07, 2026, which is 9% below its 10-year median of 4.35. GuruFocus rates DFIN with a GF Score™ of 64/100 and a GF Value™ of $61.14 (Modestly Undervalued). Among 1,595 Software companies, Donnelley Financial Solutions ranks worse than 68.21% on this metric.

As of today (2026-07-07), Donnelley Financial Solutions's current share price is $46.25. Donnelley Financial Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.69. Donnelley Financial Solutions's Cyclically Adjusted PB Ratio for today is 3.96.

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

DFIN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.14   Med: 4.35   Max: 5.88
Current: 3.95

During the past years, Donnelley Financial Solutions's highest Cyclically Adjusted PB Ratio was 5.88. The lowest was 3.14. And the median was 4.35.

DFIN's Cyclically Adjusted PB Ratio is ranked worse than
68.21% of 1595 companies
in the Software industry
Industry Median: 2.31 vs DFIN: 3.95

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.

Donnelley Financial Solutions's adjusted book value per share data for the three months ended in Mar. 2026 was $14.831. 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 $11.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Donnelley Financial Solutions  (NYSE:DFIN) 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.


Donnelley Financial Solutions Cyclically Adjusted PB Ratio Related Terms


Donnelley Financial Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Donnelley Financial Solutions'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.

Donnelley Financial Solutions Cyclically Adjusted PB Ratio Chart

Donnelley Financial Solutions 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 5.44 3.95

Donnelley Financial Solutions 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 3.72 5.15 4.24 3.95 4.03

DFIN vs AMPL, MITK, RDVT: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Donnelley Financial Solutions'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.


Donnelley Financial Solutions Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Donnelley Financial Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Donnelley Financial Solutions's Cyclically Adjusted PB Ratio falls into.


DFIN
64GF Score
Donnelley Financial Solutions Inc DFIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Donnelley Financial Solutions 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.

Donnelley Financial Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.25/11.69
=3.96

* 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.

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

For example, Donnelley Financial Solutions'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)
=14.831/330.2130*330.2130
=14.831

Current CPI (Mar. 2026) = 330.2130.

Donnelley Financial Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201606 23.069 241.018 31.606
201609 2.732 241.428 3.737
201612 3.408 241.432 4.661
201703 3.796 243.801 5.141
201706 4.944 244.955 6.665
201709 5.151 246.819 6.891
201712 4.433 246.524 5.938
201803 4.767 249.554 6.308
201806 5.318 251.989 6.969
201809 6.815 252.439 8.915
201812 6.628 251.233 8.712
201903 6.652 254.202 8.641
201906 7.262 256.143 9.362
201909 7.758 256.759 9.977
201912 7.854 256.974 10.092
202003 7.902 258.115 10.109
202006 7.748 257.797 9.924
202009 8.314 260.280 10.548
202012 7.441 260.474 9.433
202103 8.214 264.877 10.240
202106 9.512 271.696 11.561
202109 10.746 274.310 12.936
202112 11.424 278.802 13.531
202203 10.923 287.504 12.546
202206 11.267 296.311 12.556
202209 11.314 296.808 12.587
202212 11.401 296.797 12.685
202303 11.278 301.836 12.338
202306 12.789 305.109 13.841
202309 13.237 307.789 14.201
202312 13.821 306.746 14.878
202403 13.887 312.332 14.682
202406 15.172 314.175 15.946
202409 15.381 315.301 16.108
202412 15.195 315.605 15.898
202503 14.890 319.799 15.375
202506 15.713 322.561 16.086
202509 15.729 324.800 15.991
202512 14.813 324.054 15.095
202603 14.831 330.213 14.831

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 3.96 mean?
Donnelley Financial Solutions (DFIN) has a Cyclically Adjusted PB Ratio of 3.96 as of Jul. 07, 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 Donnelley Financial Solutions and its competitors. This is near median its historical median of 4.35. Over the past decade, Donnelley Financial Solutions' Cyclically Adjusted PB Ratio has ranged from 3.14 to 5.88. According to the industry distribution chart, Donnelley Financial Solutions ranks #1088 out of 1595 companies in the Software industry, placing it in the top 68.2%.
Is Donnelley Financial Solutions' Cyclically Adjusted PB Ratio too high?
Donnelley Financial Solutions' current Cyclically Adjusted PB Ratio of 3.96 is near median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 5.88. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Donnelley Financial Solutions' value of 3.96 is 71.4% above this industry median. Based on the distribution chart, Donnelley Financial Solutions ranks #1088 out of 1595 companies in the Software industry, which is below the industry midpoint. Overall, Donnelley Financial Solutions has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Donnelley Financial Solutions' Cyclically Adjusted PB Ratio compare to AMPL and MITK?
According to the Software industry distribution chart, Donnelley Financial Solutions ranks #1088 out of 1595 companies for Cyclically Adjusted PB Ratio. This places Donnelley Financial Solutions in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Donnelley Financial Solutions' value of 3.96 is 71.4% above this benchmark. Historically, Donnelley Financial Solutions' own Cyclically Adjusted PB Ratio has ranged from 3.14 to 5.88 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 2.31, Donnelley Financial Solutions 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,595 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. Donnelley Financial Solutions's current Cyclically Adjusted PB Ratio of 3.96 is 71.4% 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 Donnelley Financial Solutions and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donnelley Financial Solutions's current Cyclically Adjusted PB Ratio is 3.96, which is near median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donnelley Financial Solutions stock overvalued right now?
Based on GuruFocus' analysis, Donnelley Financial Solutions (DFIN) is currently considered Modestly Undervalued. The stock's GF Value™ is $61.14, compared to a current price of $46.25 — trading 24.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.96, which is near median its 10-year median of 4.35 and 71.4% above the Software industry median of 2.31. Donnelley Financial Solutions' overall GF Score™ is 64/100. 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 Donnelley Financial Solutions (DFIN), the current Cyclically Adjusted PB Ratio is 3.96 as of Jul. 07, 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 Donnelley Financial Solutions (DFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Donnelley Financial Solutions stock appears to be undervalued. The current stock price of $46.25 is trading 24.4% below its estimated GF Value™ of $61.14. GuruFocus considers Donnelley Financial Solutions to be Modestly Undervalued.

Key valuation signals for DFIN:

  • Cyclically Adjusted PB Ratio: 3.96 (near median its 10-year median of 4.35)
  • GF Value™: $61.14 vs. price of $46.25 (24.4% below fair value)
  • GF Score™: 64/100
  • Industry Position: 71.4% above the Software median (#1088 of 1595)

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


Donnelley Financial Solutions Business Description

Other Exchanges 1DN:Germany
Address 391 Steel Way, Lancaster, PA, USA, 17601
Donnelley Financial Solutions Inc is a risk and compliance software solutions and related services provider. The company provides regulatory filing and deal solutions via its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms. It operates in four reportable segments: Capital Markets - Software Solutions, Capital Markets - Compliance and Communications Management (its key revenue-generating segment), Investment Companies - Software Solutions, and Investment Companies - Compliance and Communications Management. Its geographical segments are the United States (USA), Europe, Asia, Canada, and Others, of which the USA accounts for the vast majority of its total revenue.
64GF Score

Get the complete analysis for DFIN

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

$46.25
Price
$61.14
GF Value