Dirtt Environmental Solutions (FRA:D13) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.

FRA:D13 Dirtt Environmental Solutions Ltd FRA:D13
39 GF Score
Price €0.51
GF Value €0.50
! 4 Warning Signs
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What is Dirtt Environmental Solutions Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dirtt Environmental Solutions  (FRA:D13) 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.


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Related Terms


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions Cyclically Adjusted PB Ratio Chart

Dirtt Environmental Solutions 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 3.23 3.05 3.15 0.66 0.68

Dirtt Environmental Solutions 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 0.53 0.50 0.64 0.54 0.51

FRA:D13 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.


Dirtt Environmental Solutions Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dirtt Environmental Solutions's Cyclically Adjusted PB Ratio falls into.


FRA:D13
39GF Score
Dirtt Environmental Solutions Ltd FRA:D13
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dirtt Environmental Solutions 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.

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

For example, Dirtt Environmental Solutions'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)
=0.116/133.5265*133.5265
=0.116

Current CPI (Jun. 2026) = 133.5265.

Dirtt Environmental Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.235 101.765 1.620
201612 1.331 101.449 1.752
201703 1.311 102.634 1.706
201706 1.225 103.029 1.588
201709 1.229 103.345 1.588
201712 1.166 103.345 1.507
201803 1.140 105.004 1.450
201806 1.198 105.557 1.515
201809 1.146 105.636 1.449
201812 1.121 105.399 1.420
201903 1.120 106.979 1.398
201906 1.138 107.690 1.411
201909 1.229 107.611 1.525
201912 1.155 107.769 1.431
202003 1.073 107.927 1.328
202006 1.080 108.401 1.330
202009 1.036 108.164 1.279
202012 0.988 108.559 1.215
202103 0.930 110.298 1.126
202106 0.843 111.720 1.008
202109 0.728 112.905 0.861
202112 0.613 113.774 0.719
202203 0.426 117.646 0.484
202206 0.262 120.806 0.290
202209 0.213 120.648 0.236
202212 0.151 120.964 0.167
202303 0.060 122.702 0.065
202306 0.091 124.203 0.098
202309 0.047 125.230 0.050
202312 0.061 125.072 0.065
202403 0.152 126.258 0.161
202406 0.154 127.522 0.161
202409 0.185 127.285 0.194
202412 0.212 127.364 0.222
202503 0.191 129.181 0.197
202506 0.154 129.892 0.158
202509 0.140 130.287 0.143
202512 0.127 130.366 0.130
202603 0.110 132.262 0.111
202606 0.116 133.527 0.116

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 Dirtt Environmental Solutions (FRA:D13) Overvalued in 2026?

Based on GuruFocus' analysis, Dirtt Environmental Solutions stock appears to be overvalued. The current stock price of €0.51 is trading 1% above its estimated GF Value™ of €0.50.

Key valuation signals for FRA:D13:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.50 vs. price of €0.51 (1% above fair value)
  • GF Score™: 39/100 with 4 warning signs

No single metric tells the full story. See the FRA:D13 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dirtt Environmental Solutions Business Description

Other Exchanges DRTTF:USADRT:Canada
Address 7303 - 30th Street S.E, Calgary, AB, CAN, T2C 1N6
Dirtt Environmental Solutions Ltd offers industrialized construction services. The company uses its system of physical products and digital tools, together with construction and design leaders, to build adaptable, interior environments of workplaces in healthcare, education, and public sector markets. Its interior construction solutions are designed to be flexible and adaptable, enabling organizations to easily reconfigure their spaces as their needs evolve. The primary solutions offered by the company include solid walls, glass walls, leaf folding walls, doors, casework, access floors, etc. In addition, Dirtt enables integrations with technology, custom graphics, writable surfaces, and Breathe Living Walls. Geographically, it derives maximum revenue from the U.S, and the rest from Canada.
39GF Score

Get the complete analysis for FRA:D13

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

€0.51
Price
€0.50
GF Value