DO AG (IST:DOCO) Cyclically Adjusted PB Ratio: 8.04 (As of Jul. 26, 2026) — 91% Above Median

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IST:DOCO DO & Co AG IST:DOCO
76 GF Score
Price ₺10,835.00
GF Value ₺10,759.58
Valuation Fairly Valued
! 1 Warning Sign
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What is DO AG Cyclically Adjusted PB Ratio?

DO AG IST:DOCO +0.25% 76 Cyclically Adjusted PB Ratio is 8.04 as of Jul. 26, 2026, which is 91% above its 10-year median of 4.20. GuruFocus rates IST:DOCO with a GF Score™ of 76/100 and a GF Value™ of ₺10,759.58 (Fairly Valued). The stock has 1 warning sign investors should review. Among 741 Transportation companies, DO AG ranks worse than 94.74% on this metric.

As of today (2026-07-26), DO AG's current share price is ₺10835.00. DO AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺1,347.38. DO AG's Cyclically Adjusted PB Ratio for today is 8.04.

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

IST:DOCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 4.2   Max: 9.47
Current: 7.63

During the past years, DO AG's highest Cyclically Adjusted PB Ratio was 9.47. The lowest was 1.54. And the median was 4.20.

IST:DOCO's Cyclically Adjusted PB Ratio is ranked worse than
94.74% of 741 companies
in the Transportation industry
Industry Median: 1.27 vs IST:DOCO: 7.63

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.

DO AG's adjusted book value per share data for the three months ended in Mar. 2026 was ₺2,233.718. 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 ₺1,347.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DO AG  (IST:DOCO) 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.


DO AG Cyclically Adjusted PB Ratio Related Terms


DO AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DO AG'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.

DO AG Cyclically Adjusted PB Ratio Chart

DO AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.67 4.85 5.98 6.66 6.15

DO AG 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 6.66 7.30 8.84 8.07 6.15

IST:DOCO vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, DO AG'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.


DO AG Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


IST:DOCO
76GF Score
DO & Co AG IST:DOCO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DO AG 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.

DO AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10835.00/1347.38
=8.04

* 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.

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

For example, DO AG'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)
=2233.718/142.1600*142.1600
=2,233.718

Current CPI (Mar. 2026) = 142.1600.

DO AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 70.871 101.092 99.662
201609 70.610 101.192 99.197
201612 79.031 102.092 110.049
201703 82.561 102.592 114.404
201706 82.807 102.991 114.299
201709 84.276 103.591 115.653
201712 93.408 104.291 127.325
201803 98.864 104.491 134.504
201806 112.647 105.091 152.381
201809 146.401 105.691 196.917
201812 127.572 106.291 170.622
201903 132.870 106.391 177.541
201906 142.913 106.791 190.245
201909 140.306 106.991 186.426
201912 146.659 108.091 192.884
202003 116.558 108.024 153.391
202006 105.253 107.915 138.653
202009 97.017 108.348 127.293
202012 101.531 109.321 132.030
202103 110.184 110.186 142.157
202106 133.724 110.943 171.351
202109 135.745 111.916 172.428
202112 202.922 113.971 253.112
202203 188.497 117.647 227.772
202206 249.287 120.567 293.934
202209 275.820 123.811 316.698
202212 301.408 125.541 341.308
202303 349.546 128.460 386.823
202306 516.283 130.191 563.749
202309 677.960 131.272 734.192
202312 782.089 132.570 838.668
202403 941.926 133.759 1,001.086
202406 1,015.236 134.083 1,076.390
202409 1,173.832 133.651 1,248.567
202412 1,262.933 135.273 1,327.233
202503 1,461.665 137.760 1,508.352
202506 1,706.757 138.517 1,751.649
202509 1,841.549 138.950 1,884.092
202512 2,038.747 140.350 2,065.039
202603 2,233.718 142.160 2,233.718

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 8.04 mean?
DO AG (IST:DOCO) has a Cyclically Adjusted PB Ratio of 8.04 as of Jul. 26, 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 DO AG and its competitors. This is 91% above median its historical median of 4.20. Over the past decade, DO AG's Cyclically Adjusted PB Ratio has ranged from 1.54 to 9.47. According to the industry distribution chart, DO AG ranks #702 out of 741 companies in the Transportation industry, placing it in the top 94.7%.
Is DO AG's Cyclically Adjusted PB Ratio too high?
DO AG's current Cyclically Adjusted PB Ratio of 8.04 is 91% above median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 9.47. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. DO AG's value of 8.04 is 533.1% above this industry median. Based on the distribution chart, DO AG ranks #702 out of 741 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, DO AG has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DO AG's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, DO AG ranks #702 out of 741 companies for Cyclically Adjusted PB Ratio. This places DO AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. DO AG's value of 8.04 is 533.1% above this benchmark. Historically, DO AG's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 9.47 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 1.27, DO AG 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 741 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. DO AG's current Cyclically Adjusted PB Ratio of 8.04 is 533.1% 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 DO AG and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DO AG's current Cyclically Adjusted PB Ratio is 8.04, which is 91% above median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DO AG stock overvalued right now?
Based on GuruFocus' analysis, DO AG (IST:DOCO) is currently considered Fairly Valued. The stock's GF Value™ is ₺10,759.58, compared to a current price of ₺10,835.00 — trading 0.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.04, which is 91% above median its 10-year median of 4.20 and 533.1% above the Transportation industry median of 1.27. DO AG's overall GF Score™ is 76/100 with 1 warning sign 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 DO AG (IST:DOCO), the current Cyclically Adjusted PB Ratio is 8.04 as of Jul. 26, 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 DO AG (IST:DOCO) Overvalued in 2026?

Based on GuruFocus' analysis, DO AG stock appears to be overvalued. The current stock price of ₺10,835.00 is trading 0.7% above its estimated GF Value™ of ₺10,759.58. GuruFocus considers DO AG to be Fairly Valued.

Key valuation signals for IST:DOCO:

  • Cyclically Adjusted PB Ratio: 8.04 (91% above median its 10-year median of 4.20)
  • GF Value™: ₺10,759.58 vs. price of ₺10,835.00 (0.7% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 533.1% above the Transportation median (#702 of 741)

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


DO AG Business Description

Address Stephansplatz 12, Vienna, AUT, 1010
DO & Co AG is a gourmet entertainment company. It is active in three business segments: Airline Catering, International Events Catering, and Restaurants, Lounges, and Hotels. The majority of its revenue is generated from the Airline Catering segment, which includes operating gourmet kitchens at various international airports. Its clientele includes players such as Austrian Airlines, British Airways, Cathay Pacific, China Airlines, Delta Air Lines, Emirates, Etihad Airways, EVA Air, Egypt Air, Iberia, Iberia Express, JetBlue, Korean Air, LOT Polish Airlines, Oman Air, Pegasus Airlines, Qatar Airways, Singapore Airlines, Thai Airways and Turkish Airlines. It has presence in Turkiye, Austria, Great Britain, Germany, USA, Spain, other countries of which majority of revenue is from Turkiye.
76GF Score

Get the complete analysis for IST:DOCO

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

₺10,835.00
Price
₺10,759.58
GF Value