Dekpol (FRA:K01) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:K01 Dekpol SA FRA:K01
66 GF Score
Price €14.55
GF Value €17.44
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Dekpol Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dekpol  (FRA:K01) 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.


Dekpol Cyclically Adjusted PB Ratio Related Terms


Dekpol Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dekpol'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.

Dekpol Cyclically Adjusted PB Ratio Chart

Dekpol 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 - - - - -

Dekpol 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 - - - - 1.47

FRA:K01 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Dekpol'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.


Dekpol Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Dekpol's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:K01
66GF Score
Dekpol SA FRA:K01
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dekpol 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.

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

For example, Dekpol'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)
=20.102/163.0700*163.0700
=20.102

Current CPI (Mar. 2026) = 163.0700.

Dekpol Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.405 99.552 5.578
201609 3.635 99.064 5.984
201612 3.773 100.366 6.130
201703 4.045 101.018 6.530
201706 3.982 101.180 6.418
201709 4.413 101.343 7.101
201712 4.820 102.564 7.663
201803 5.010 102.564 7.966
201806 4.723 103.378 7.450
201809 5.022 103.378 7.922
201812 5.333 103.785 8.379
201903 5.485 104.274 8.578
201906 5.886 105.983 9.056
201909 5.901 105.983 9.080
201912 6.845 107.123 10.420
202003 6.571 109.076 9.824
202006 7.420 109.402 11.060
202009 7.565 109.320 11.284
202012 7.731 109.565 11.506
202103 7.809 112.658 11.303
202106 8.578 113.960 12.275
202109 8.602 115.588 12.136
202112 10.148 119.088 13.896
202203 10.421 125.031 13.592
202206 10.405 131.705 12.883
202209 10.466 135.531 12.593
202212 12.184 139.113 14.282
202303 12.399 145.950 13.853
202306 13.756 147.009 15.259
202309 13.740 146.113 15.335
202312 15.908 147.741 17.559
202403 16.413 149.044 17.958
202406 16.414 150.997 17.726
202409 16.873 153.439 17.932
202412 17.872 154.660 18.844
202503 19.186 157.021 19.925
202506 18.997 157.509 19.668
202509 19.188 158.000 19.804
202512 20.243 158.320 20.850
202603 20.102 163.070 20.102

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 Dekpol (FRA:K01) Overvalued in 2026?

Based on GuruFocus' analysis, Dekpol stock appears to be undervalued. The current stock price of €14.55 is trading 16.6% below its estimated GF Value™ of €17.44. GuruFocus considers Dekpol to be Modestly Undervalued.

Key valuation signals for FRA:K01:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €17.44 vs. price of €14.55 (16.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the FRA:K01 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dekpol Business Description

Other Exchanges DEK:Poland
Address UL. GAJOWA 31, Pinczyn, POL, 83-251
Dekpol SA is a Poland based company engaged in general contracting services and constructs industrial facilities, utilities, sports and recreation facilities, and environmental protection facilities. The company also conducts hydro, Public buildings, and roadworks.
66GF Score

Get the complete analysis for FRA:K01

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

€14.55
Price
€17.44
GF Value