Digital Garage (FRA:DGK) Cyclically Adjusted PB Ratio: (As of Aug. 15, 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:DGK Digital Garage Inc FRA:DGK
73 GF Score
Price €12.20
GF Value €19.64
Valuation Possible Value Trap
! 9 Warning Signs
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What is Digital Garage Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Garage  (FRA:DGK) 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 Garage Cyclically Adjusted PB Ratio Related Terms


Digital Garage Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

Digital Garage 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 5.05 4.04 2.71 3.43 1.34

Digital Garage 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 3.44 2.58 1.88 1.34 0.00

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

For the Information Technology Services subindustry, Digital Garage'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 Garage Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:DGK
73GF Score
Digital Garage Inc FRA:DGK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Digital Garage 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 Garage's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Digital Garage'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)
=8.568/113.6000*113.6000
=8.568

Current CPI (Jun. 2026) = 113.6000.

Digital Garage Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.830 98.000 6.758
201612 5.900 98.400 6.811
201703 6.495 98.100 7.521
201706 5.889 98.500 6.792
201709 5.770 98.800 6.634
201712 6.099 99.400 6.970
201803 6.923 99.200 7.928
201806 6.619 99.200 7.580
201809 6.108 99.900 6.946
201812 6.211 99.700 7.077
201903 8.077 99.700 9.203
201906 8.898 99.800 10.128
201909 9.665 100.100 10.968
201912 9.731 100.500 10.999
202003 9.505 100.300 10.765
202006 9.295 99.900 10.570
202009 9.793 99.900 11.136
202012 10.048 99.300 11.495
202103 10.421 99.900 11.850
202106 10.462 99.500 11.945
202109 13.238 100.100 15.023
202112 14.082 100.100 15.981
202203 15.568 101.100 17.493
202206 15.225 101.800 16.990
202209 13.466 103.100 14.837
202212 12.318 104.100 13.442
202303 12.138 104.400 13.208
202306 11.717 105.200 12.653
202309 11.235 106.200 12.018
202312 11.121 106.800 11.829
202403 11.568 107.200 12.259
202406 11.370 108.200 11.937
202409 10.219 108.900 10.660
202412 10.702 110.700 10.982
202503 10.211 111.100 10.441
202506 9.438 111.700 9.599
202509 9.453 112.000 9.588
202512 9.300 113.000 9.349
202603 8.971 112.700 9.043
202606 8.568 113.600 8.568

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 Garage (FRA:DGK) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Garage stock appears to be undervalued. The current stock price of €12.20 is trading 37.9% below its estimated GF Value™ of €19.64. GuruFocus considers Digital Garage to be Possible Value Trap.

Key valuation signals for FRA:DGK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €19.64 vs. price of €12.20 (37.9% below fair value)
  • GF Score™: 73/100 with 9 warning signs

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


Digital Garage Business Description

Other Exchanges DLGEF:USA4819:Japan
Address Daikanyama DG Bldg., Tokyo, JPN
Digital Garage Inc integrates three technologies--information technology, marketing technology, and financial technology--into one solution that it provides to its business customers. The company operates three primary business segments. The incubation segment invests in and develops startups and new businesses. The marketing segment provides advertising and promotion solutions that reach consumers. The financial segment offers payment solutions to monetize Internet businesses. The marketing and financial segments provide most of the company's revenue. Digital Garage operates primarily in Japan.
73GF Score

Get the complete analysis for FRA:DGK

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

€12.20
Price
€19.64
GF Value