DFDS AS (FRA:29K) Cyclically Adjusted PB Ratio: 0.62 (As of Jul. 23, 2026) — 68% Below Median

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FRA:29K DFDS AS FRA:29K
87 GF Score
Price €16.75
GF Value €21.24
! 8 Warning Signs
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What is DFDS AS Cyclically Adjusted PB Ratio?

DFDS AS FRA:29K +2.07% 87 Cyclically Adjusted PB Ratio is 0.62 as of Jul. 23, 2026, which is 68% below its 10-year median of 1.91. GuruFocus rates FRA:29K with a GF Score™ of 87/100 and a GF Value™ of €21.24. The stock has 8 warning signs investors should review. Among 737 Transportation companies, DFDS AS ranks better than 79.65% on this metric.

As of today (2026-07-23), DFDS AS's current share price is €16.75. DFDS AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €27.11. DFDS AS's Cyclically Adjusted PB Ratio for today is 0.62.

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

FRA:29K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.91   Max: 4.29
Current: 0.61

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.

FRA:29K's Cyclically Adjusted PB Ratio is ranked better than
79.65% of 737 companies
in the Transportation industry
Industry Median: 1.25 vs FRA:29K: 0.61

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 €32.633. 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 €27.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DFDS AS  (FRA:29K) 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.


FRA:29K
87GF Score
DFDS AS FRA:29K
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=16.75/27.11
=0.62

* 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)
=32.633/121.6800*121.6800
=32.633

Current CPI (Mar. 2026) = 121.6800.

DFDS AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.084 100.600 17.035
201609 14.520 100.200 17.633
201612 15.636 100.300 18.969
201703 14.178 101.200 17.047
201706 15.174 101.200 18.245
201709 15.688 101.800 18.752
201712 16.141 101.300 19.388
201803 15.602 101.700 18.667
201806 18.761 102.300 22.315
201809 20.281 102.400 24.100
201812 21.512 102.100 25.637
201903 20.479 102.900 24.217
201906 21.773 102.900 25.747
201909 23.574 102.900 27.876
201912 24.046 102.900 28.435
202003 24.055 103.300 28.335
202006 24.132 103.200 28.453
202009 24.520 103.500 28.827
202012 24.624 103.400 28.977
202103 25.247 104.300 29.454
202106 25.611 105.000 29.679
202109 26.038 105.800 29.946
202112 26.835 106.600 30.631
202203 26.607 109.900 29.459
202206 28.243 113.600 30.252
202209 29.606 116.400 30.949
202212 30.574 115.900 32.099
202303 30.122 117.300 31.247
202306 31.385 116.400 32.809
202309 32.777 117.400 33.972
202312 33.031 116.700 34.441
202403 32.587 118.400 33.490
202406 33.454 118.500 34.352
202409 34.872 118.900 35.687
202412 34.305 118.900 35.107
202503 33.709 120.200 34.124
202506 33.300 120.700 33.570
202509 33.784 121.600 33.806
202512 33.143 121.200 33.274
202603 32.633 121.680 32.633

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 0.62 mean?
DFDS AS (FRA:29K) has a Cyclically Adjusted PB Ratio of 0.62 as of Jul. 23, 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 68% 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 #150 out of 737 companies in the Transportation industry, placing it in the top 20.4%.
Is DFDS AS's Cyclically Adjusted PB Ratio too high?
DFDS AS's current Cyclically Adjusted PB Ratio of 0.62 is 68% 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 1.25. DFDS AS's value of 0.62 is 50.4% below this industry median. Based on the distribution chart, DFDS AS ranks #150 out of 737 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 87/100, 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 #150 out of 737 companies for Cyclically Adjusted PB Ratio. This places DFDS AS in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. DFDS AS's value of 0.62 is 50.4% 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 1.25, 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 1.25, based on 737 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 0.62 is 50.4% 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 1.25 — 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 0.62, which is 68% 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?
DFDS AS (FRA:29K) has a current Cyclically Adjusted PB Ratio of 0.62. The stock's GF Value™ is €21.24, compared to a current price of €16.75 — trading 21.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.62, which is 68% below median its 10-year median of 1.91 and 50.4% below the Transportation industry median of 1.25. DFDS AS's overall GF Score™ is 87/100 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 (FRA:29K), the current Cyclically Adjusted PB Ratio is 0.62 as of Jul. 23, 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 (FRA:29K) Overvalued in 2026?

Based on GuruFocus' analysis, DFDS AS stock appears to be undervalued. The current stock price of €16.75 is trading 21.1% below its estimated GF Value™ of €21.24.

Key valuation signals for FRA:29K:

  • Cyclically Adjusted PB Ratio: 0.62 (68% below median its 10-year median of 1.91)
  • GF Value™: €21.24 vs. price of €16.75 (21.1% below fair value)
  • GF Score™: 87/100 with 8 warning signs
  • Industry Position: 50.4% below the Transportation median (#150 of 737)

No single metric tells the full story. See the FRA:29K 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.
87GF Score

Get the complete analysis for FRA:29K

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

€16.75
Price
€21.24
GF Value