DIC (FRA:DPN) Cyclically Adjusted PB Ratio: 1.10 (As of Jul. 19, 2026) — Near Median

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FRA:DPN DIC Corp FRA:DPN
71 GF Score
Price €23.60
GF Value €16.37
! 4 Warning Signs
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What is DIC Cyclically Adjusted PB Ratio?

DIC FRA:DPN -3.28% 71 Cyclically Adjusted PB Ratio is 1.10 as of Jul. 19, 2026, which is 5% above its 10-year median of 1.05. GuruFocus rates FRA:DPN with a GF Score™ of 71/100 and a GF Value™ of €16.37. The stock has 4 warning signs investors should review. Among 1,278 Chemicals companies, DIC ranks better than 65.26% on this metric.

As of today (2026-07-19), DIC's current share price is €23.60. DIC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €21.41. DIC's Cyclically Adjusted PB Ratio for today is 1.10.

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

FRA:DPN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.05   Max: 2.18
Current: 1.12

During the past years, DIC's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 0.69. And the median was 1.05.

FRA:DPN's Cyclically Adjusted PB Ratio is ranked better than
65.26% of 1278 companies
in the Chemicals industry
Industry Median: 1.665 vs FRA:DPN: 1.12

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.

DIC's adjusted book value per share data for the three months ended in Dec. 2025 was €27.241. 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 €21.41 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


DIC  (FRA:DPN) 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.


DIC Cyclically Adjusted PB Ratio Related Terms


DIC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DIC'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.

DIC Cyclically Adjusted PB Ratio Chart

DIC 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 1.05 0.74 0.80 0.90 0.92

DIC 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 0.80 0.75 0.94 0.92 0.00

FRA:DPN vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, DIC'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.


DIC Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, DIC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:DPN
71GF Score
DIC Corp FRA:DPN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DIC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.60/21.41
=1.10

* 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.

DIC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, DIC's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=27.241/113.0000*113.0000
=27.241

Current CPI (Dec. 2025) = 113.0000.

DIC Quarterly Data

Book Value per Share CPI Adj_Book
201603 21.375 97.900 24.672
201606 21.754 98.100 25.058
201609 27.470 98.000 31.675
201612 24.012 98.400 27.575
201703 24.022 98.100 27.671
201706 24.318 98.500 27.898
201709 24.245 98.800 27.730
201712 24.911 99.400 28.319
201803 24.558 99.200 27.974
201806 25.380 99.200 28.911
201809 25.080 99.900 28.369
201812 24.741 99.700 28.041
201903 25.097 99.700 28.445
201906 25.839 99.800 29.257
201909 26.232 100.100 29.613
201912 27.258 100.500 30.648
202003 26.645 100.300 30.019
202006 26.993 99.900 30.533
202009 26.019 99.900 29.431
202012 26.648 99.300 30.325
202103 27.810 99.900 31.457
202106 27.914 99.500 31.701
202109 28.237 100.100 31.876
202112 28.413 100.100 32.075
202203 29.677 101.100 33.170
202206 30.349 101.800 33.688
202209 30.730 103.100 33.681
202212 28.608 104.100 31.054
202303 28.591 104.400 30.946
202306 28.982 105.200 31.131
202309 28.019 106.200 29.813
202312 24.487 106.800 25.909
202403 24.567 107.200 25.896
202406 25.521 108.200 26.653
202409 24.336 108.900 25.252
202412 26.323 110.700 26.870
202503 25.524 111.100 25.961
202506 25.106 111.700 25.398
202509 24.983 112.000 25.206
202512 27.241 113.000 27.241

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 1.10 mean?
DIC (FRA:DPN) has a Cyclically Adjusted PB Ratio of 1.10 as of Jul. 19, 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 DIC and its competitors. This is near median its historical median of 1.05. Over the past decade, DIC's Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.18. According to the industry distribution chart, DIC ranks #444 out of 1278 companies in the Chemicals industry, placing it in the top 34.7%.
Is DIC's Cyclically Adjusted PB Ratio too high?
DIC's current Cyclically Adjusted PB Ratio of 1.10 is near median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.18. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. DIC's value of 1.10 is 33.9% below this industry median. Based on the distribution chart, DIC ranks #444 out of 1278 companies in the Chemicals industry, which is above the industry midpoint. Overall, DIC has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does DIC's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, DIC ranks #444 out of 1278 companies for Cyclically Adjusted PB Ratio. This puts DIC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. DIC's value of 1.10 is 33.9% below this benchmark. Historically, DIC's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.18 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.67, DIC has consistently been below 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,278 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. DIC's current Cyclically Adjusted PB Ratio of 1.10 is 33.9% below 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 DIC and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DIC's current Cyclically Adjusted PB Ratio is 1.10, which is near median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DIC stock overvalued right now?
DIC (FRA:DPN) has a current Cyclically Adjusted PB Ratio of 1.10. The stock's GF Value™ is €16.37, compared to a current price of €23.60 — trading 44.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is near median its 10-year median of 1.05 and 33.9% below the Chemicals industry median of 1.67. DIC's overall GF Score™ is 71/100 with 4 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 DIC (FRA:DPN), the current Cyclically Adjusted PB Ratio is 1.10 as of Jul. 19, 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 DIC (FRA:DPN) Overvalued in 2026?

Based on GuruFocus' analysis, DIC stock appears to be overvalued. The current stock price of €23.60 is trading 44.2% above its estimated GF Value™ of €16.37.

Key valuation signals for FRA:DPN:

  • Cyclically Adjusted PB Ratio: 1.10 (near median its 10-year median of 1.05)
  • GF Value™: €16.37 vs. price of €23.60 (44.2% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 33.9% below the Chemicals median (#444 of 1278)

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


DIC Business Description

Other Exchanges 4631:Japan
Address 7-20, Nihonbashi 3-chome, DIC Building, Chuo-ku, Tokyo, JPN, 103-8233
DIC Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. Packaging & Graphic segment, this segment includes printing and packaging materials. The second segment- Color & display Color Materials which included Pigments for paints, pigments for plastics, pigments for inks, specialty pigments, pigments for color filters, pigments for cosmetics, healthcare foods and third segment-Functional Products including Performance, Composite and Chemitronics materials.
71GF Score

Get the complete analysis for FRA:DPN

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

€23.60
Price
€16.37
GF Value