A P Moller Maersk AS (FRA:DP4H) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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FRA:DP4H A P Moller Maersk AS FRA:DP4H
64 GF Score
Price €15.30
GF Value €9.37
Valuation Significantly Overvalued
! 10 Warning Signs
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What is A P Moller Maersk AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


A P Moller Maersk AS  (FRA:DP4H) 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.


A P Moller Maersk AS Cyclically Adjusted PB Ratio Related Terms


A P Moller Maersk AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for A P Moller Maersk 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.

A P Moller Maersk AS Cyclically Adjusted PB Ratio Chart

A P Moller Maersk 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 1.02 0.51 0.34 0.30 0.33

A P Moller Maersk AS 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 0.31 0.32 0.35 0.39 0.37

A P Moller Maersk AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, A P Moller Maersk 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.


A P Moller Maersk AS Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, A P Moller Maersk AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A P Moller Maersk AS's Cyclically Adjusted PB Ratio falls into.


FRA:DP4H
64GF Score
A P Moller Maersk AS FRA:DP4H
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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A P Moller Maersk 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.

A P Moller Maersk AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, A P Moller Maersk AS'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)
=50.12/122.9500*122.9500
=50.120

Current CPI (Jun. 2026) = 122.9500.

A P Moller Maersk AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.694 100.200 19.257
201612 15.238 100.300 18.679
201703 15.133 101.200 18.385
201706 14.206 101.200 17.259
201709 13.114 101.800 15.839
201712 13.086 101.300 15.883
201803 13.943 101.700 16.856
201806 14.370 102.300 17.271
201809 14.688 102.400 17.636
201812 14.593 102.100 17.573
201903 14.618 102.900 17.466
201906 12.851 102.900 15.355
201909 13.730 102.900 16.405
201912 13.560 102.900 16.202
202003 13.760 103.300 16.377
202006 14.111 103.200 16.812
202009 14.076 103.500 16.721
202012 14.124 103.400 16.794
202103 15.403 104.300 18.157
202106 17.120 105.000 20.047
202109 20.254 105.800 23.537
202112 23.981 106.600 27.659
202203 24.627 109.900 27.551
202206 31.220 113.600 33.790
202209 39.672 116.400 41.904
202212 40.704 115.900 43.180
202303 35.597 117.300 37.312
202306 37.603 116.400 39.719
202309 40.270 117.400 42.174
202312 40.326 116.700 42.486
202403 41.104 118.400 42.684
202406 41.176 118.500 42.722
202409 42.257 118.900 43.696
202412 47.009 118.900 48.610
202503 45.140 120.200 46.173
202506 43.825 120.700 44.642
202509 46.051 121.600 46.562
202512 47.628 121.180 48.324
202603 48.095 121.670 48.601
202606 50.120 122.950 50.120

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 A P Moller Maersk AS (FRA:DP4H) Overvalued in 2026?

Based on GuruFocus' analysis, A P Moller Maersk AS stock appears to be overvalued. The current stock price of €15.30 is trading 63.3% above its estimated GF Value™ of €9.37. GuruFocus considers A P Moller Maersk AS to be Significantly Overvalued.

Key valuation signals for FRA:DP4H:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €9.37 vs. price of €15.30 (63.3% above fair value)
  • GF Score™: 64/100 with 10 warning signs

No single metric tells the full story. See the FRA:DP4H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


A P Moller Maersk AS Business Description

Address Esplanaden 50, Copenhagen, DNK, 1263
Denmark-listed A.P. Moller-Maersk operates trade, shipping, logistics, and terminal assets globally. The oceans segment, the largest contributor to group revenue and earnings, has the second-largest oceangoing shipping capacity globally. Maersk has acquired several logistics firms in the past couple of years and plans for the segment to be the company's growth engine. Over the past few years, Maersk has divested noncore operations, including its long-standing stakes in Danske Bank and Dansk Supermarked, as well as its oil and gas operations and ocean towing.
64GF Score

Get the complete analysis for FRA:DP4H

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

€15.30
Price
€9.37
GF Value