DKSH Holding (FRA:DS5) Cyclically Adjusted PB Ratio: 2.33 (As of Jul. 27, 2026) — 10% Below Median

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:DS5 DKSH Holding Ltd FRA:DS5
78 GF Score
Price €69.00
GF Value €66.45
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is DKSH Holding Cyclically Adjusted PB Ratio?

DKSH Holding FRA:DS5 78 Cyclically Adjusted PB Ratio is 2.33 as of Jul. 27, 2026, which is 10% below its 10-year median of 2.59. GuruFocus rates FRA:DS5 with a GF Score™ of 78/100 and a GF Value™ of €66.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 729 Business Services companies, DKSH Holding ranks worse than 66.8% on this metric.

As of today (2026-07-27), DKSH Holding's current share price is €69.00. DKSH Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €29.67. DKSH Holding's Cyclically Adjusted PB Ratio for today is 2.33.

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

FRA:DS5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.94   Med: 2.59   Max: 3.45
Current: 2.35

During the past 13 years, DKSH Holding's highest Cyclically Adjusted PB Ratio was 3.45. The lowest was 1.94. And the median was 2.59.

FRA:DS5's Cyclically Adjusted PB Ratio is ranked worse than
66.8% of 729 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:DS5: 2.35

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.

DKSH Holding's adjusted book value per share data of for the fiscal year that ended in Dec25 was €28.956. 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 €29.67 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


DKSH Holding  (FRA:DS5) 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.


DKSH Holding Cyclically Adjusted PB Ratio Related Terms


DKSH Holding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DKSH Holding'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.

DKSH Holding Cyclically Adjusted PB Ratio Chart

DKSH Holding 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 3.09 2.71 2.17 2.45 2.07

DKSH Holding Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 2.45 0.00 2.07 0.00

FRA:DS5 vs VRSK, EFX, BAH: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, DKSH Holding'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.


DKSH Holding Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, DKSH Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:DS5
78GF Score
DKSH Holding Ltd FRA:DS5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DKSH Holding 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.

DKSH Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.00/29.67
=2.33

* 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.

DKSH Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, DKSH Holding's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=28.956/107.2000*107.2000
=28.956

Current CPI (Dec25) = 107.2000.

DKSH Holding Annual Data

Book Value per Share CPI Adj_Book
201612 23.474 99.380 25.321
201712 20.750 100.213 22.197
201812 23.303 100.906 24.757
201912 24.986 101.063 26.503
202012 24.736 100.241 26.453
202112 26.750 101.776 28.176
202212 27.435 104.666 28.099
202312 27.540 106.461 27.731
202412 30.014 107.128 30.034
202512 28.956 107.200 28.956

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 2.33 mean?
DKSH Holding (FRA:DS5) has a Cyclically Adjusted PB Ratio of 2.33 as of Jul. 27, 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 DKSH Holding and its competitors. This is 10% below median its historical median of 2.59. Over the past decade, DKSH Holding's Cyclically Adjusted PB Ratio has ranged from 1.94 to 3.45. According to the industry distribution chart, DKSH Holding ranks #487 out of 729 companies in the Business Services industry, placing it in the top 66.8%.
Is DKSH Holding's Cyclically Adjusted PB Ratio too high?
DKSH Holding's current Cyclically Adjusted PB Ratio of 2.33 is 10% below median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 3.45. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. DKSH Holding's value of 2.33 is 49.4% above this industry median. Based on the distribution chart, DKSH Holding ranks #487 out of 729 companies in the Business Services industry, which is below the industry midpoint. Overall, DKSH Holding has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holding's Cyclically Adjusted PB Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, DKSH Holding ranks #487 out of 729 companies for Cyclically Adjusted PB Ratio. This places DKSH Holding in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. DKSH Holding's value of 2.33 is 49.4% above this benchmark. Historically, DKSH Holding's own Cyclically Adjusted PB Ratio has ranged from 1.94 to 3.45 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 1.56, DKSH Holding 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 729 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. DKSH Holding's current Cyclically Adjusted PB Ratio of 2.33 is 49.4% 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 DKSH Holding and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DKSH Holding's current Cyclically Adjusted PB Ratio is 2.33, which is 10% below median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holding stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holding (FRA:DS5) is currently considered Fairly Valued. The stock's GF Value™ is €66.45, compared to a current price of €69.00 — trading 3.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.33, which is 10% below median its 10-year median of 2.59 and 49.4% above the Business Services industry median of 1.56. DKSH Holding's overall GF Score™ is 78/100 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 DKSH Holding (FRA:DS5), the current Cyclically Adjusted PB Ratio is 2.33 as of Jul. 27, 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 DKSH Holding (FRA:DS5) Overvalued in 2026?

Based on GuruFocus' analysis, DKSH Holding stock appears to be overvalued. The current stock price of €69.00 is trading 3.8% above its estimated GF Value™ of €66.45. GuruFocus considers DKSH Holding to be Fairly Valued.

Key valuation signals for FRA:DS5:

  • Cyclically Adjusted PB Ratio: 2.33 (10% below median its 10-year median of 2.59)
  • GF Value™: €66.45 vs. price of €69.00 (3.8% above fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 49.4% above the Business Services median (#487 of 729)

No single metric tells the full story. See the FRA:DS5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DKSH Holding Business Description

Address Wiesenstrasse 8, P.O. Box 888, Zurich, CHE, 8034
DKSH Holding Ltd offers market expansion services in Asia. The company provides a range of services, including sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales support. It offers expertise and on-the-ground logistical support. The company operates in five business segments: Consumer goods, Healthcare, Performance Materials, Technology and Other (non-Business Unit). The majority of the revenue is derived from the Healthcare segment, which offers pharmaceuticals, consumer health, and over-the-counter health products, as well as medical devices, and also offers services including product registration, marketing and sales, and capillary physical distribution.
78GF Score

Get the complete analysis for FRA:DS5

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

€69.00
Price
€66.45
GF Value