Dampskibsselskabet Norden AS (FRA:D69) Cyclically Adjusted PB Ratio: 1.61 (As of Jul. 28, 2026) — 71% Above Median

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FRA:D69 Dampskibsselskabet Norden AS FRA:D69
62 GF Score
Price €44.94
GF Value €31.46
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Dampskibsselskabet Norden AS Cyclically Adjusted PB Ratio?

Dampskibsselskabet Norden AS FRA:D69 +2.18% 62 Cyclically Adjusted PB Ratio is 1.61 as of Jul. 28, 2026, which is 71% above its 10-year median of 0.94. GuruFocus rates FRA:D69 with a GF Score™ of 62/100 and a GF Value™ of €31.46 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 741 Transportation companies, Dampskibsselskabet Norden AS ranks worse than 60.05% on this metric.

As of today (2026-07-28), Dampskibsselskabet Norden AS's current share price is €44.94. Dampskibsselskabet Norden AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €27.96. Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio for today is 1.61.

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

FRA:D69' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.94   Max: 2.71
Current: 1.57

During the past years, Dampskibsselskabet Norden AS's highest Cyclically Adjusted PB Ratio was 2.71. The lowest was 0.35. And the median was 0.94.

FRA:D69's Cyclically Adjusted PB Ratio is ranked worse than
60.05% of 741 companies
in the Transportation industry
Industry Median: 1.27 vs FRA:D69: 1.57

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.

Dampskibsselskabet Norden AS's adjusted book value per share data for the three months ended in Mar. 2026 was €39.917. 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 €27.96 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dampskibsselskabet Norden AS  (FRA:D69) 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.


Dampskibsselskabet Norden AS Cyclically Adjusted PB Ratio Related Terms


Dampskibsselskabet Norden AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dampskibsselskabet Norden 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.

Dampskibsselskabet Norden AS Cyclically Adjusted PB Ratio Chart

Dampskibsselskabet Norden 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 0.94 2.20 1.67 1.06 1.20

Dampskibsselskabet Norden 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 0.85 0.98 1.11 1.20 1.37

Dampskibsselskabet Norden AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Dampskibsselskabet Norden 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.


Dampskibsselskabet Norden AS Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio falls into.


FRA:D69
62GF Score
Dampskibsselskabet Norden AS FRA:D69
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dampskibsselskabet Norden 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.

Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.94/27.96
=1.61

* 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.

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

For example, Dampskibsselskabet Norden 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)
=39.917/121.6800*121.6800
=39.917

Current CPI (Mar. 2026) = 121.6800.

Dampskibsselskabet Norden AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.355 100.600 22.201
201609 17.911 100.200 21.751
201612 18.774 100.300 22.776
201703 18.312 101.200 22.018
201706 17.449 101.200 20.980
201709 16.613 101.800 19.857
201712 17.423 101.300 20.928
201803 17.026 101.700 20.371
201806 18.238 102.300 21.693
201809 18.030 102.400 21.425
201812 18.204 102.100 21.695
201903 19.008 102.900 22.477
201906 18.412 102.900 21.772
201909 18.760 102.900 22.184
201912 19.666 102.900 23.255
202003 21.094 103.300 24.847
202006 20.891 103.200 24.632
202009 19.863 103.500 23.352
202012 19.623 103.400 23.092
202103 17.658 104.300 20.600
202106 15.220 105.000 17.638
202109 18.187 105.800 20.917
202112 23.912 106.600 27.295
202203 25.680 109.900 28.433
202206 33.282 113.600 35.649
202209 38.671 116.400 40.425
202212 37.218 115.900 39.074
202303 35.154 117.300 36.467
202306 35.379 116.400 36.984
202309 37.265 117.400 38.624
202312 34.797 116.700 36.282
202403 36.001 118.400 36.998
202406 37.638 118.500 38.648
202409 37.179 118.900 38.048
202412 41.360 118.900 42.327
202503 40.025 120.200 40.518
202506 39.128 120.700 39.446
202509 38.007 121.600 38.032
202512 38.100 121.200 38.251
202603 39.917 121.680 39.917

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 1.61 mean?
Dampskibsselskabet Norden AS (FRA:D69) has a Cyclically Adjusted PB Ratio of 1.61 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 Dampskibsselskabet Norden AS and its competitors. This is 71% above median its historical median of 0.94. Over the past decade, Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio has ranged from 0.35 to 2.71. According to the industry distribution chart, Dampskibsselskabet Norden AS ranks #445 out of 741 companies in the Transportation industry, placing it in the top 60.1%.
Is Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio too high?
Dampskibsselskabet Norden AS's current Cyclically Adjusted PB Ratio of 1.61 is 71% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 2.71. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Dampskibsselskabet Norden AS's value of 1.61 is 26.8% above this industry median. Based on the distribution chart, Dampskibsselskabet Norden AS ranks #445 out of 741 companies in the Transportation industry, which is below the industry midpoint. Overall, Dampskibsselskabet Norden AS has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dampskibsselskabet Norden AS's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Dampskibsselskabet Norden AS ranks #445 out of 741 companies for Cyclically Adjusted PB Ratio. This places Dampskibsselskabet Norden AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Dampskibsselskabet Norden AS's value of 1.61 is 26.8% above this benchmark. Historically, Dampskibsselskabet Norden AS's own Cyclically Adjusted PB Ratio has ranged from 0.35 to 2.71 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.27, Dampskibsselskabet Norden AS 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 741 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. Dampskibsselskabet Norden AS's current Cyclically Adjusted PB Ratio of 1.61 is 26.8% 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 Dampskibsselskabet Norden AS and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dampskibsselskabet Norden AS's current Cyclically Adjusted PB Ratio is 1.61, which is 71% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dampskibsselskabet Norden AS stock overvalued right now?
Based on GuruFocus' analysis, Dampskibsselskabet Norden AS (FRA:D69) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.46, compared to a current price of €44.94 — trading 42.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is 71% above median its 10-year median of 0.94 and 26.8% above the Transportation industry median of 1.27. Dampskibsselskabet Norden AS's overall GF Score™ is 62/100 with 10 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 Dampskibsselskabet Norden AS (FRA:D69), the current Cyclically Adjusted PB Ratio is 1.61 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 Dampskibsselskabet Norden AS (FRA:D69) Overvalued in 2026?

Based on GuruFocus' analysis, Dampskibsselskabet Norden AS stock appears to be overvalued. The current stock price of €44.94 is trading 42.8% above its estimated GF Value™ of €31.46. GuruFocus considers Dampskibsselskabet Norden AS to be Significantly Overvalued.

Key valuation signals for FRA:D69:

  • Cyclically Adjusted PB Ratio: 1.61 (71% above median its 10-year median of 0.94)
  • GF Value™: €31.46 vs. price of €44.94 (42.8% above fair value)
  • GF Score™: 62/100 with 10 warning signs
  • Industry Position: 26.8% above the Transportation median (#445 of 741)

No single metric tells the full story. See the FRA:D69 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dampskibsselskabet Norden AS Business Description

Address 52, Strandvejen, Hellerup, DNK, DK-2900
Dampskibsselskabet Norden AS is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. It generates maximum revenue from Freight Services & Trading segment which offers transport of bulk commodities such as grain, coal, iron ore and sugar, and of fuel oil and refined oil products. Geographically, it generates revenue from China, Singapore, United States of America, Mexico and Other regions.
62GF Score

Get the complete analysis for FRA:D69

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

€44.94
Price
€31.46
GF Value