DWNX (Delhi Bank) Cyclically Adjusted PB Ratio: (As of Jul. 11, 2026)


DWNX Delhi Bank Corp DWNX
53 GF Score
Price $21.00
GF Value $23.67
Valuation Modestly Undervalued
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What is Delhi Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Delhi Bank  (OTCPK:DWNX) 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.


Delhi Bank Cyclically Adjusted PB Ratio Related Terms


Delhi Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Delhi Bank'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.

Delhi Bank Cyclically Adjusted PB Ratio Chart

Delhi Bank 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 1.97 1.97 1.98

Delhi Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.96 1.97 1.98 1.97 1.96

DWNX vs OPHC, FRSB, FBTT: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Delhi Bank'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.


Delhi Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DWNX
53GF Score
Delhi Bank Corp DWNX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Delhi Bank 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.

Delhi Bank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Delhi Bank's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=9.242/335.1230*335.1230
=9.242

Current CPI (Jun. 2026) = 335.1230.

Delhi Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.381 241.428 11.634
201612 8.067 241.432 11.198
201703 0.000 243.801 0.000
201706 8.391 244.955 11.480
201709 8.314 246.819 11.288
201712 8.159 246.524 11.091
201803 8.122 249.554 10.907
201806 8.195 251.989 10.899
201809 8.266 252.439 10.973
201812 8.550 251.233 11.405
201903 8.893 254.202 11.724
201906 9.339 256.143 12.219
201909 9.531 256.759 12.440
201912 9.636 256.974 12.566
202003 10.083 258.115 13.091
202006 10.327 257.797 13.425
202009 10.440 260.280 13.442
202012 10.529 260.474 13.546
202103 10.371 264.877 13.121
202106 10.540 271.696 13.001
202109 10.413 274.310 12.722
202112 10.307 278.802 12.389
202203 0.000 287.504 0.000
202206 8.351 296.311 9.445
202209 7.675 296.808 8.666
202212 8.096 296.797 9.141
202303 8.372 301.836 9.295
202306 7.922 305.109 8.701
202309 7.564 307.789 8.236
202312 8.347 306.746 9.119
202403 8.098 312.332 8.689
202406 8.066 314.175 8.604
202409 8.810 315.301 9.364
202412 8.208 315.605 8.716
202503 8.657 319.799 9.072
202506 8.580 322.561 8.914
202509 9.248 324.800 9.542
202512 9.232 324.054 9.547
202603 9.153 330.213 9.289
202606 9.242 335.123 9.242

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.

Is Delhi Bank (DWNX) Overvalued in 2026?

Based on GuruFocus' analysis, Delhi Bank stock appears to be undervalued. The current stock price of $21.00 is trading 11.3% below its estimated GF Value™ of $23.67. GuruFocus considers Delhi Bank to be Modestly Undervalued.

Key valuation signals for DWNX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $23.67 vs. price of $21.00 (11.3% below fair value)
  • GF Score™: 53/100

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


Delhi Bank Business Description

Address 124 Main street, P.O. Box 508, Delhi, NY, USA, 13753-0508
Delhi Bank Corp provides a full range of commercial banking services to individual and small business customers in Delaware County, New York, and the surrounding counties. The area is a rural market with an economic base made up of light manufacturing, retail, and agricultural businesses. The Company's primary deposit products are demand deposits and interest-bearing time and savings accounts. The company offers a full array of loan products to meet the needs of retail and commercial customers.
53GF Score

Get the complete analysis for DWNX

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

$21.00
Price
$23.67
GF Value