DLGEF (Digital Garage) Cyclically Adjusted PB Ratio: 1.38 (As of Jul. 20, 2026) — 70% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

DLGEF Digital Garage Inc DLGEF
67 GF Score
Price $14.28
GF Value $28.85
Valuation Possible Value Trap
! 10 Warning Signs
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What is Digital Garage Cyclically Adjusted PB Ratio?

Digital Garage DLGEF 67 Cyclically Adjusted PB Ratio is 1.38 as of Jul. 20, 2026, which is 70% below its 10-year median of 4.59. GuruFocus rates DLGEF with a GF Score™ of 67/100 and a GF Value™ of $28.85 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,595 Software companies, Digital Garage ranks better than 61.69% on this metric.

As of today (2026-07-20), Digital Garage's current share price is $14.28. Digital Garage's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.37. Digital Garage's Cyclically Adjusted PB Ratio for today is 1.38.

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

DLGEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 4.59   Max: 9.17
Current: 1.58

During the past years, Digital Garage's highest Cyclically Adjusted PB Ratio was 9.17. The lowest was 1.19. And the median was 4.59.

DLGEF's Cyclically Adjusted PB Ratio is ranked better than
61.69% of 1595 companies
in the Software industry
Industry Median: 2.26 vs DLGEF: 1.58

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.

Digital Garage's adjusted book value per share data for the three months ended in Mar. 2026 was $10.372. 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 $10.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Garage  (OTCPK:DLGEF) 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.


Digital Garage Cyclically Adjusted PB Ratio Related Terms


Digital Garage Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Digital Garage'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.

Digital Garage Cyclically Adjusted PB Ratio Chart

Digital Garage 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 5.05 4.04 2.71 3.43 1.34

Digital Garage 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 3.43 3.44 2.58 1.88 1.34

DLGEF vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Digital Garage'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.


Digital Garage Cyclically Adjusted PB Ratio vs Software Industry

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

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


DLGEF
67GF Score
Digital Garage Inc DLGEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Digital Garage 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.

Digital Garage's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.28/10.37
=1.38

* 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.

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

For example, Digital Garage'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)
=10.372/112.7000*112.7000
=10.372

Current CPI (Mar. 2026) = 112.7000.

Digital Garage Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.165 98.100 7.083
201609 6.543 98.000 7.524
201612 6.223 98.400 7.127
201703 6.947 98.100 7.981
201706 6.617 98.500 7.571
201709 6.877 98.800 7.845
201712 7.217 99.400 8.183
201803 8.536 99.200 9.698
201806 7.732 99.200 8.784
201809 7.127 99.900 8.040
201812 7.065 99.700 7.986
201903 9.126 99.700 10.316
201906 10.054 99.800 11.354
201909 10.644 100.100 11.984
201912 10.812 100.500 12.125
202003 10.502 100.300 11.800
202006 10.468 99.900 11.809
202009 11.535 99.900 13.013
202012 12.224 99.300 13.874
202103 12.406 99.900 13.996
202106 12.605 99.500 14.277
202109 15.574 100.100 17.534
202112 15.912 100.100 17.915
202203 17.145 101.100 19.112
202206 16.094 101.800 17.817
202209 13.333 103.100 14.574
202212 13.049 104.100 14.127
202303 12.995 104.400 14.028
202306 12.695 105.200 13.600
202309 11.991 106.200 12.725
202312 12.127 106.800 12.797
202403 12.573 107.200 13.218
202406 0.000 108.200 0.000
202409 11.342 108.900 11.738
202412 11.206 110.700 11.408
202503 11.039 111.100 11.198
202506 10.886 111.700 10.983
202509 11.095 112.000 11.164
202512 10.890 113.000 10.861
202603 10.372 112.700 10.372

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 1.38 mean?
Digital Garage (DLGEF) has a Cyclically Adjusted PB Ratio of 1.38 as of Jul. 20, 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 Digital Garage and its competitors. This is 70% below median its historical median of 4.59. Over the past decade, Digital Garage's Cyclically Adjusted PB Ratio has ranged from 1.19 to 9.17. According to the industry distribution chart, Digital Garage ranks #611 out of 1595 companies in the Software industry, placing it in the top 38.3%.
Is Digital Garage's Cyclically Adjusted PB Ratio too high?
Digital Garage's current Cyclically Adjusted PB Ratio of 1.38 is 70% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 9.17. The Software industry median Cyclically Adjusted PB Ratio is 2.26. Digital Garage's value of 1.38 is 38.9% below this industry median. Based on the distribution chart, Digital Garage ranks #611 out of 1595 companies in the Software industry, which is above the industry midpoint. Overall, Digital Garage has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Digital Garage's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Digital Garage ranks #611 out of 1595 companies for Cyclically Adjusted PB Ratio. This puts Digital Garage in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. Digital Garage's value of 1.38 is 38.9% below this benchmark. Historically, Digital Garage's own Cyclically Adjusted PB Ratio has ranged from 1.19 to 9.17 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 2.26, Digital Garage 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, 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. Digital Garage's current Cyclically Adjusted PB Ratio of 1.38 is 38.9% 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 Digital Garage and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Garage's current Cyclically Adjusted PB Ratio is 1.38, which is 70% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Garage stock overvalued right now?
Based on GuruFocus' analysis, Digital Garage (DLGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $28.85, compared to a current price of $14.28 — trading 50.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.38, which is 70% below median its 10-year median of 4.59 and 38.9% below the Software industry median of 2.26. Digital Garage's overall GF Score™ is 67/100 with 10 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 Digital Garage (DLGEF), the current Cyclically Adjusted PB Ratio is 1.38 as of Jul. 20, 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 Digital Garage (DLGEF) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Garage stock appears to be undervalued. The current stock price of $14.28 is trading 50.5% below its estimated GF Value™ of $28.85. GuruFocus considers Digital Garage to be Possible Value Trap.

Key valuation signals for DLGEF:

  • Cyclically Adjusted PB Ratio: 1.38 (70% below median its 10-year median of 4.59)
  • GF Value™: $28.85 vs. price of $14.28 (50.5% below fair value)
  • GF Score™: 67/100 with 10 warning signs
  • Industry Position: 38.9% below the Software median (#611 of 1595)

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


Digital Garage Business Description

Other Exchanges 4819:JapanDGK:Germany
Address Daikanyama DG Bldg., Tokyo, JPN
Digital Garage Inc integrates three technologies--information technology, marketing technology, and financial technology--into one solution that it provides to its business customers. The company operates three primary business segments. The incubation segment invests in and develops startups and new businesses. The marketing segment provides advertising and promotion solutions that reach consumers. The financial segment offers payment solutions to monetize Internet businesses. The marketing and financial segments provide most of the company's revenue. Digital Garage operates primarily in Japan.
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.

$14.28
Price
$28.85
GF Value