DeNA Co (FRA:D2N) Cyclically Adjusted PB Ratio: 1.18 (As of Jul. 28, 2026) — 11% Below Median

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FRA:D2N DeNA Co Ltd FRA:D2N
65 GF Score
Price €12.84
GF Value €10.67
! 1 Warning Sign
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What is DeNA Co Cyclically Adjusted PB Ratio?

DeNA Co FRA:D2N +2.80% 65 Cyclically Adjusted PB Ratio is 1.18 as of Jul. 28, 2026, which is 11% below its 10-year median of 1.32. GuruFocus rates FRA:D2N with a GF Score™ of 65/100 and a GF Value™ of €10.67. The stock has 1 warning sign investors should review. Among 474 Conglomerates companies, DeNA Co ranks worse than 54.85% on this metric.

As of today (2026-07-28), DeNA Co's current share price is €12.844. DeNA Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €10.92. DeNA Co's Cyclically Adjusted PB Ratio for today is 1.18.

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

FRA:D2N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.32   Max: 3.27
Current: 1.18

During the past years, DeNA Co's highest Cyclically Adjusted PB Ratio was 3.27. The lowest was 0.70. And the median was 1.32.

FRA:D2N's Cyclically Adjusted PB Ratio is ranked worse than
54.85% of 474 companies
in the Conglomerates industry
Industry Median: 1.02 vs FRA:D2N: 1.18

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.

DeNA Co's adjusted book value per share data for the three months ended in Mar. 2026 was €11.808. 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 €10.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DeNA Co  (FRA:D2N) 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.


DeNA Co Cyclically Adjusted PB Ratio Related Terms


DeNA Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DeNA Co'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.

DeNA Co Cyclically Adjusted PB Ratio Chart

DeNA Co 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 1.23 1.09 0.84 1.81 1.20

DeNA Co 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 1.81 1.36 1.17 1.26 1.20

FRA:D2N vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, DeNA Co'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.


DeNA Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, DeNA Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:D2N
65GF Score
DeNA Co Ltd FRA:D2N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DeNA Co 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.

DeNA Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.844/10.92
=1.18

* 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.

DeNA Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, DeNA Co'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)
=11.808/112.7000*112.7000
=11.808

Current CPI (Mar. 2026) = 112.7000.

DeNA Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.867 98.100 12.484
201609 12.475 98.000 14.346
201612 12.799 98.400 14.659
201703 13.107 98.100 15.058
201706 13.538 98.500 15.490
201709 13.312 98.800 15.185
201712 13.205 99.400 14.972
201803 13.872 99.200 15.760
201806 13.470 99.200 15.303
201809 13.793 99.900 15.560
201812 13.228 99.700 14.953
201903 13.791 99.700 15.589
201906 14.664 99.800 16.559
201909 15.287 100.100 17.211
201912 11.954 100.500 13.405
202003 12.088 100.300 13.582
202006 12.969 99.900 14.631
202009 14.144 99.900 15.956
202012 14.589 99.300 16.558
202103 14.164 99.900 15.979
202106 14.630 99.500 16.571
202109 14.678 100.100 16.526
202112 14.980 100.100 16.866
202203 15.544 101.100 17.327
202206 14.216 101.800 15.738
202209 14.427 103.100 15.770
202212 13.942 104.100 15.094
202303 13.909 104.400 15.015
202306 13.662 105.200 14.636
202309 13.322 106.200 14.137
202312 11.535 106.800 12.172
202403 11.537 107.200 12.129
202406 11.211 108.200 11.677
202409 11.712 108.900 12.121
202412 12.785 110.700 13.016
202503 13.466 111.100 13.660
202506 14.470 111.700 14.600
202509 14.162 112.000 14.251
202512 12.352 113.000 12.319
202603 11.808 112.700 11.808

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 1.18 mean?
DeNA Co (FRA:D2N) has a Cyclically Adjusted PB Ratio of 1.18 as of Jul. 28, 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 DeNA Co and its competitors. This is 11% below median its historical median of 1.32. Over the past decade, DeNA Co's Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.27. According to the industry distribution chart, DeNA Co ranks #260 out of 474 companies in the Conglomerates industry, placing it in the top 54.9%.
Is DeNA Co's Cyclically Adjusted PB Ratio too high?
DeNA Co's current Cyclically Adjusted PB Ratio of 1.18 is 11% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.27. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. DeNA Co's value of 1.18 is 15.7% above this industry median. Based on the distribution chart, DeNA Co ranks #260 out of 474 companies in the Conglomerates industry, which is below the industry midpoint. Overall, DeNA Co has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does DeNA Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, DeNA Co ranks #260 out of 474 companies for Cyclically Adjusted PB Ratio. This places DeNA Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. DeNA Co's value of 1.18 is 15.7% above this benchmark. Historically, DeNA Co's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.27 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.02, DeNA Co has consistently been above 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 474 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. DeNA Co's current Cyclically Adjusted PB Ratio of 1.18 is 15.7% above 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 DeNA Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeNA Co's current Cyclically Adjusted PB Ratio is 1.18, which is 11% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeNA Co stock overvalued right now?
DeNA Co (FRA:D2N) has a current Cyclically Adjusted PB Ratio of 1.18. The stock's GF Value™ is €10.67, compared to a current price of €12.84 — trading 20.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.18, which is 11% below median its 10-year median of 1.32 and 15.7% above the Conglomerates industry median of 1.02. DeNA Co's overall GF Score™ is 65/100 with 1 warning sign 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 DeNA Co (FRA:D2N), the current Cyclically Adjusted PB Ratio is 1.18 as of Jul. 28, 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 DeNA Co (FRA:D2N) Overvalued in 2026?

Based on GuruFocus' analysis, DeNA Co stock appears to be overvalued. The current stock price of €12.84 is trading 20.4% above its estimated GF Value™ of €10.67.

Key valuation signals for FRA:D2N:

  • Cyclically Adjusted PB Ratio: 1.18 (11% below median its 10-year median of 1.32)
  • GF Value™: €10.67 vs. price of €12.84 (20.4% above fair value)
  • GF Score™: 65/100 with 1 warning sign
  • Industry Position: 15.7% above the Conglomerates median (#260 of 474)

No single metric tells the full story. See the FRA:D2N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DeNA Co Business Description

Other Exchanges DNACF:USA2432:Japan
Address 2-24-12 Shibuya, Shibuya Scramble Square, Shibuya-ku, Tokyo, JPN, 150-6140
DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.
65GF Score

Get the complete analysis for FRA:D2N

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

€12.84
Price
€10.67
GF Value