DTS (FRA:DA9) Cyclically Adjusted PB Ratio: 3.06 (As of Jul. 24, 2026) — Near Median

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FRA:DA9 DTS Corp FRA:DA9
85 GF Score
Price €5.60
GF Value €6.89
Valuation Modestly Undervalued
! 1 Warning Sign
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What is DTS Cyclically Adjusted PB Ratio?

DTS FRA:DA9 -2.61% 85 Cyclically Adjusted PB Ratio is 3.06 as of Jul. 24, 2026, which is 5% above its 10-year median of 2.92. GuruFocus rates FRA:DA9 with a GF Score™ of 85/100 and a GF Value™ of €6.89 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,591 Software companies, DTS ranks worse than 62.35% on this metric.

As of today (2026-07-24), DTS's current share price is €5.60. DTS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.83. DTS's Cyclically Adjusted PB Ratio for today is 3.06.

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

FRA:DA9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 2.92   Max: 4.14
Current: 3.22

During the past years, DTS's highest Cyclically Adjusted PB Ratio was 4.14. The lowest was 1.98. And the median was 2.92.

FRA:DA9's Cyclically Adjusted PB Ratio is ranked worse than
62.35% of 1591 companies
in the Software industry
Industry Median: 2.26 vs FRA:DA9: 3.22

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.

DTS's adjusted book value per share data for the three months ended in Mar. 2026 was €2.173. 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 €1.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DTS  (FRA:DA9) 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.


DTS Cyclically Adjusted PB Ratio Related Terms


DTS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DTS'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.

DTS Cyclically Adjusted PB Ratio Chart

DTS 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 2.76 3.01 3.45 3.16 3.07

DTS 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 3.16 4.03 4.03 3.71 3.07

FRA:DA9 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, DTS'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.


DTS Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:DA9
85GF Score
DTS Corp FRA:DA9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DTS 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.

DTS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.60/1.83
=3.06

* 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.

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

For example, DTS'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)
=2.173/112.7000*112.7000
=2.173

Current CPI (Mar. 2026) = 112.7000.

DTS Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.746 98.100 2.006
201609 1.877 98.000 2.159
201612 1.786 98.400 2.046
201703 1.896 98.100 2.178
201706 1.832 98.500 2.096
201709 1.846 98.800 2.106
201712 1.855 99.400 2.103
201803 1.915 99.200 2.176
201806 1.947 99.200 2.212
201809 1.991 99.900 2.246
201812 2.066 99.700 2.335
201903 2.193 99.700 2.479
201906 2.241 99.800 2.531
201909 2.401 100.100 2.703
201912 2.382 100.500 2.671
202003 2.502 100.300 2.811
202006 2.423 99.900 2.733
202009 2.448 99.900 2.762
202012 2.443 99.300 2.773
202103 2.499 99.900 2.819
202106 2.404 99.500 2.723
202109 2.543 100.100 2.863
202112 2.583 100.100 2.908
202203 2.634 101.100 2.936
202206 2.391 101.800 2.647
202209 2.375 103.100 2.596
202212 2.358 104.100 2.553
202303 2.461 104.400 2.657
202306 2.245 105.200 2.405
202309 2.271 106.200 2.410
202312 2.296 106.800 2.423
202403 2.228 107.200 2.342
202406 0.000 108.200 0.000
202409 2.293 108.900 2.373
202412 2.205 110.700 2.245
202503 2.235 111.100 2.267
202506 2.098 111.700 2.117
202509 2.122 112.000 2.135
202512 2.056 113.000 2.051
202603 2.173 112.700 2.173

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 3.06 mean?
DTS (FRA:DA9) has a Cyclically Adjusted PB Ratio of 3.06 as of Jul. 24, 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 DTS and its competitors. This is near median its historical median of 2.92. Over the past decade, DTS's Cyclically Adjusted PB Ratio has ranged from 1.98 to 4.14. According to the industry distribution chart, DTS ranks #992 out of 1591 companies in the Software industry, placing it in the top 62.4%.
Is DTS's Cyclically Adjusted PB Ratio too high?
DTS's current Cyclically Adjusted PB Ratio of 3.06 is near median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 4.14. The Software industry median Cyclically Adjusted PB Ratio is 2.26. DTS's value of 3.06 is 35.4% above this industry median. Based on the distribution chart, DTS ranks #992 out of 1591 companies in the Software industry, which is below the industry midpoint. Overall, DTS has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DTS's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, DTS ranks #992 out of 1591 companies for Cyclically Adjusted PB Ratio. This places DTS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. DTS's value of 3.06 is 35.4% above this benchmark. Historically, DTS's own Cyclically Adjusted PB Ratio has ranged from 1.98 to 4.14 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 2.26, DTS 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,591 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. DTS's current Cyclically Adjusted PB Ratio of 3.06 is 35.4% 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 DTS and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DTS's current Cyclically Adjusted PB Ratio is 3.06, which is near median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTS stock overvalued right now?
Based on GuruFocus' analysis, DTS (FRA:DA9) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.89, compared to a current price of €5.60 — trading 18.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.06, which is near median its 10-year median of 2.92 and 35.4% above the Software industry median of 2.26. DTS's overall GF Score™ is 85/100 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 DTS (FRA:DA9), the current Cyclically Adjusted PB Ratio is 3.06 as of Jul. 24, 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 DTS (FRA:DA9) Overvalued in 2026?

Based on GuruFocus' analysis, DTS stock appears to be undervalued. The current stock price of €5.60 is trading 18.7% below its estimated GF Value™ of €6.89. GuruFocus considers DTS to be Modestly Undervalued.

Key valuation signals for FRA:DA9:

  • Cyclically Adjusted PB Ratio: 3.06 (near median its 10-year median of 2.92)
  • GF Value™: €6.89 vs. price of €5.60 (18.7% below fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 35.4% above the Software median (#992 of 1591)

No single metric tells the full story. See the FRA:DA9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DTS Business Description

Other Exchanges 9682:Japan
Address 6-19-13 Shimbashi, Minato-ku, Tokyo, JPN, 105-0004
DTS Corp provides and sells a variety of information technology, or IT, and human resources products and services. The company organizes itself into two segments based on product and service type. The information service segment, which generates the majority of revenue, provides services that include systems integration, system development, and operations management, and sells IT-related products. The human resources segment provides human resource management services. The majority of the firm's customers operate in the financial services sector.
85GF Score

Get the complete analysis for FRA:DA9

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

€5.60
Price
€6.89
GF Value