Digital Turbine (FRA:4MD) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:4MD Digital Turbine Inc FRA:4MD
52 GF Score
Price €7.82
GF Value €3.37
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Digital Turbine Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Turbine  (FRA:4MD) 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 Turbine Cyclically Adjusted PB Ratio Related Terms


Digital Turbine Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Digital Turbine'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 Turbine Cyclically Adjusted PB Ratio Chart

Digital Turbine 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 32.20 6.15 1.08 1.07 1.11

Digital Turbine 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 2.32 2.51 1.97 1.11 0.00

FRA:4MD vs AMPL, SECZ, GTM: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Digital Turbine'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 Turbine Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:4MD
52GF Score
Digital Turbine Inc FRA:4MD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Digital Turbine'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)
=1.37/333.9520*333.9520
=1.370

Current CPI (Jun. 2026) = 333.9520.

Digital Turbine Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.934 241.428 1.292
201612 0.973 241.432 1.346
201703 0.870 243.801 1.192
201706 0.783 244.955 1.067
201709 0.704 246.819 0.953
201712 0.686 246.524 0.929
201803 0.294 249.554 0.393
201806 0.321 251.989 0.425
201809 0.355 252.439 0.470
201812 0.358 251.233 0.476
201903 0.393 254.202 0.516
201906 0.398 256.143 0.519
201909 0.516 256.759 0.671
201912 0.596 256.974 0.775
202003 0.802 258.115 1.038
202006 0.905 257.797 1.172
202009 0.911 260.280 1.169
202012 1.030 260.474 1.321
202103 1.354 264.877 1.707
202106 4.391 271.696 5.397
202109 4.276 274.310 5.206
202112 4.424 278.802 5.299
202203 4.808 287.504 5.585
202206 5.518 296.311 6.219
202209 5.956 296.808 6.701
202212 5.766 296.797 6.488
202303 5.682 301.836 6.287
202306 5.510 305.109 6.031
202309 4.150 307.789 4.503
202312 4.018 306.746 4.374
202403 1.926 312.332 2.059
202406 1.775 314.175 1.887
202409 1.586 315.301 1.680
202412 1.489 315.605 1.576
202503 1.343 319.799 1.402
202506 1.223 322.561 1.266
202509 1.129 324.800 1.161
202512 1.389 324.054 1.431
202603 1.381 330.213 1.397
202606 1.370 333.952 1.370

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 Digital Turbine (FRA:4MD) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Turbine stock appears to be overvalued. The current stock price of €7.82 is trading 132% above its estimated GF Value™ of €3.37. GuruFocus considers Digital Turbine to be Significantly Overvalued.

Key valuation signals for FRA:4MD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.37 vs. price of €7.82 (132% above fair value)
  • GF Score™: 52/100 with 3 warning signs

No single metric tells the full story. See the FRA:4MD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Digital Turbine Business Description

Address 110 San Antonio Street, Suite 160, Austin, TX, USA, 78701
Digital Turbine Inc is an independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers. The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, its products and solutions provide monetization opportunities for OEMs, carriers, and application (app or apps) publishers and developers.
52GF Score

Get the complete analysis for FRA:4MD

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

€7.82
Price
€3.37
GF Value