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DNSKF (Danske Bank AS) Cyclically Adjusted PB Ratio : 1.04 (As of Jul. 06, 2025)


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What is Danske Bank AS Cyclically Adjusted PB Ratio?

As of today (2025-07-06), Danske Bank AS's current share price is $35.00. Danske Bank AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $33.77. Danske Bank AS's Cyclically Adjusted PB Ratio for today is 1.04.

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

DNSKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.76   Max: 1.71
Current: 1.2

During the past years, Danske Bank AS's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.43. And the median was 0.76.

DNSKF's Cyclically Adjusted PB Ratio is ranked worse than
58.71% of 1291 companies
in the Banks industry
Industry Median: 1.06 vs DNSKF: 1.20

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.

Danske Bank AS's adjusted book value per share data for the three months ended in Mar. 2025 was $29.540. 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 $33.77 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Danske Bank AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Danske Bank 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.

* Premium members only.

Danske Bank AS Cyclically Adjusted PB Ratio Chart

Danske Bank AS 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 0.59 0.62 0.68 0.88 0.96

Danske Bank AS 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 0.99 0.99 0.96 0.96 1.05

Competitive Comparison of Danske Bank AS's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Danske Bank 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.


Danske Bank AS's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Danske Bank AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Danske Bank 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.00/33.77
=1.04

* 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.

Danske Bank AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Danske Bank AS'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)
=29.54/120.2000*120.2000
=29.540

Current CPI (Mar. 2025) = 120.2000.

Danske Bank AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 24.328 100.300 29.155
201509 24.799 100.200 29.749
201512 24.045 99.800 28.960
201603 24.056 100.200 28.858
201606 24.922 100.600 29.778
201609 25.531 100.200 30.627
201612 25.261 100.300 30.273
201703 25.007 101.200 29.702
201706 26.916 101.200 31.969
201709 29.290 101.800 34.584
201712 29.927 101.300 35.511
201803 29.928 101.700 35.372
201806 28.962 102.300 34.030
201809 29.369 102.400 34.474
201812 29.127 102.100 34.291
201903 28.088 102.900 32.810
201906 28.862 102.900 33.714
201909 28.589 102.900 33.396
201912 29.708 102.900 34.703
202003 28.926 103.300 33.658
202006 29.138 103.200 33.938
202009 30.872 103.500 35.853
202012 32.311 103.400 37.561
202103 31.977 104.300 36.852
202106 32.885 105.000 37.645
202109 32.686 105.800 37.135
202112 31.465 106.600 35.479
202203 30.880 109.900 33.774
202206 28.595 113.600 30.256
202209 24.457 116.400 25.255
202212 26.820 115.900 27.815
202303 27.580 117.300 28.262
202306 28.577 116.400 29.510
202309 28.100 117.400 28.770
202312 29.906 116.700 30.803
202403 29.524 118.400 29.973
202406 30.255 118.500 30.689
202409 31.317 118.900 31.659
202412 29.584 118.900 29.907
202503 29.540 120.200 29.540

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.


Danske Bank AS  (OTCPK:DNSKF) 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.


Danske Bank AS Cyclically Adjusted PB Ratio Related Terms

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


Danske Bank AS Business Description

Address
Bernstorffsgade 40, Copenhagen, DNK, DK-1577
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 24% in lending and 27% in deposits. It operates through 144 branches in Denmark, Finland, Sweden, Norway, and Northern Ireland.

Danske Bank AS Headlines