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Deep Source HoldingsFRA:TM4C 53 Cyclically Adjusted PB Ratio is 1.90 as of Jul. 30, 2026, which is 64% below its 10-year median of 5.26. GuruFocus rates FRA:TM4C with a GF Score™ of 53/100 and a GF Value™ of €0.02. The stock has 7 warning signs investors should review. Among 508 Steel companies, Deep Source Holdings ranks worse than 78.15% on this metric.
The historical rank and industry rank for Deep Source Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:TM4C'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64 Med: 5.26 Max: 30.8
Current: 1.98
During the past 13 years, Deep Source Holdings's highest Cyclically Adjusted PB Ratio was 30.80. The lowest was 1.64. And the median was 5.26.
FRA:TM4C's Cyclically Adjusted PB Ratio is ranked worse than 78.15% of 508
companies
in the Steel industry
Industry Median: 0.91
vs FRA:TM4C: 1.98
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.
Deep Source Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.056. 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 €0.03 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Deep Source Holdings (FRA:TM4C) 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.
Deep Source Holdings Cyclically Adjusted PB Ratio Related Terms
Deep Source Holdings Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Deep Source Holdings'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.
Deep Source Holdings Cyclically Adjusted PB Ratio Chart
FRA:TM4C vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Deep Source Holdings'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.
Deep Source Holdings Cyclically Adjusted PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Deep Source Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Deep Source Holdings's Cyclically Adjusted PB Ratio falls into.
Deep Source Holdings 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.
* 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.
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 1.90 mean?
Deep Source Holdings (FRA:TM4C) has a Cyclically Adjusted PB Ratio of 1.90 as of Jul. 30, 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 Deep Source Holdings and its competitors. This is 64% below median its historical median of 5.26. Over the past decade, Deep Source Holdings' Cyclically Adjusted PB Ratio has ranged from 1.64 to 30.80. According to the industry distribution chart, Deep Source Holdings ranks #397 out of 508 companies in the Steel industry, placing it in the top 78.1%.
Is Deep Source Holdings' Cyclically Adjusted PB Ratio too high?
Deep Source Holdings' current Cyclically Adjusted PB Ratio of 1.90 is 64% below median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 30.80. The Steel industry median Cyclically Adjusted PB Ratio is 0.91. Deep Source Holdings' value of 1.90 is 108.8% above this industry median. Based on the distribution chart, Deep Source Holdings ranks #397 out of 508 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Deep Source Holdings has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Deep Source Holdings' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Deep Source Holdings ranks #397 out of 508 companies for Cyclically Adjusted PB Ratio. This places Deep Source Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.91. Deep Source Holdings' value of 1.90 is 108.8% above this benchmark. Historically, Deep Source Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.64 to 30.80 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 0.91, Deep Source Holdings 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.91, based on 508 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. Deep Source Holdings's current Cyclically Adjusted PB Ratio of 1.90 is 108.8% 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 Deep Source Holdings and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deep Source Holdings's current Cyclically Adjusted PB Ratio is 1.90, which is 64% below median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deep Source Holdings stock overvalued right now?
Deep Source Holdings (FRA:TM4C) has a current Cyclically Adjusted PB Ratio of 1.90. The stock's GF Value™ is €0.02, compared to a current price of €0.06 — trading 185% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.90, which is 64% below median its 10-year median of 5.26 and 108.8% above the Steel industry median of 0.91. Deep Source Holdings' overall GF Score™ is 53/100 with 7 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 Deep Source Holdings (FRA:TM4C), the current Cyclically Adjusted PB Ratio is 1.90 as of Jul. 30, 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 Deep Source Holdings (FRA:TM4C) Overvalued in 2026?
Based on GuruFocus' analysis, Deep Source Holdings stock appears to be overvalued.
The current stock price of €0.06 is trading 185% above its estimated GF Value™ of €0.02.
Key valuation signals for FRA:TM4C:
Cyclically Adjusted PB Ratio: 1.90 (64% below median its 10-year median of 5.26)
GF Value™: €0.02 vs. price of €0.06 (185% above fair value)
Industry Position: 108.8% above the Steel median (#397 of 508)
No single metric tells the full story. See the FRA:TM4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deep Source Holdings Ltd and its subsidiaries are principally engaged in two business segments. The distribution, trading, and processing business segment involves the distribution, trading, and processing of bulk commodities and related products in Hong Kong, Singapore, and the People's Republic of China. Financial services business segment that involves the provision of securities and derivatives financial services, margin financing, and fund management in Hong Kong and Singapore. It generates a vast majority of revenues from the distribution, trading, and processing segment in Singapore.
53GF Score
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