Deutsche Konsum Real Estate AG (JSE:DKR) Cyclically Adjusted PB Ratio: 0.60 (As of Sep. 14, 2026) — Near Median

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JSE:DKR Deutsche Konsum Real Estate AG JSE:DKR
15 GF Score
Price R85.50
GF Value R339.02
! 3 Warning Signs
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What is Deutsche Konsum Real Estate AG Cyclically Adjusted PB Ratio?

Deutsche Konsum Real Estate AG JSE:DKR 15 Cyclically Adjusted PB Ratio is 0.60 as of Sep. 14, 2026, which is at its 10-year median of 0.60. GuruFocus rates JSE:DKR with a GF Score™ of 15/100 and a GF Value™ of R339.02. The stock has 3 warning signs investors should review. Among 550 REITs companies, Deutsche Konsum Real Estate AG ranks better than 63.82% on this metric.

As of today (2026-09-14), Deutsche Konsum Real Estate AG's current share price is R85.49935. Deutsche Konsum Real Estate AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R141.43. Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio for today is 0.60.

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

JSE:DKR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.6   Max: 1.08
Current: 0.6

During the past years, Deutsche Konsum Real Estate AG's highest Cyclically Adjusted PB Ratio was 1.08. The lowest was 0.60. And the median was 0.60.

JSE:DKR's Cyclically Adjusted PB Ratio is ranked better than
63.82% of 550 companies
in the REITs industry
Industry Median: 0.77 vs JSE:DKR: 0.60

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.

Deutsche Konsum Real Estate AG's adjusted book value per share data for the three months ended in Jun. 2026 was R68.197. 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 R141.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Konsum Real Estate AG  (JSE:DKR) 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.


Deutsche Konsum Real Estate AG Cyclically Adjusted PB Ratio Related Terms


Deutsche Konsum Real Estate AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Deutsche Konsum Real Estate 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.

Deutsche Konsum Real Estate AG Cyclically Adjusted PB Ratio Chart

Deutsche Konsum Real Estate AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.08

Deutsche Konsum Real Estate AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 1.08 1.09 0.60 0.60

JSE:DKR vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Deutsche Konsum Real Estate 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.


Deutsche Konsum Real Estate AG Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio falls into.


JSE:DKR
15GF Score
Deutsche Konsum Real Estate AG JSE:DKR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Deutsche Konsum Real Estate 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.

Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=85.49935/141.43
=0.60

* 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.

Deutsche Konsum Real Estate AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Deutsche Konsum Real Estate AG's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=68.197/131.3638*131.3638
=68.197

Current CPI (Jun. 2026) = 131.3638.

Deutsche Konsum Real Estate AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 61.842 101.017 80.420
201612 59.665 101.217 77.436
201703 68.599 101.417 88.855
201706 87.808 102.117 112.957
201709 98.097 102.717 125.455
201712 103.425 102.617 132.398
201803 99.313 102.917 126.763
201806 116.651 104.017 147.319
201809 132.558 104.718 166.289
201812 132.655 104.217 167.209
201903 132.923 104.217 167.547
201906 156.072 105.718 193.934
201909 162.142 106.018 200.906
201912 162.106 105.818 201.241
202003 183.862 105.718 228.465
202006 231.672 106.618 285.443
202009 219.025 105.818 271.901
202012 205.344 105.518 255.642
202103 109.109 107.518 133.308
202106 119.133 108.486 144.256
202109 125.238 109.435 150.334
202112 133.748 110.384 159.169
202203 121.307 113.968 139.823
202206 142.433 115.760 161.632
202209 139.702 118.818 154.453
202212 149.121 119.345 164.139
202303 161.255 122.402 173.061
202306 169.057 123.140 180.347
202309 99.840 124.195 105.603
202312 102.289 123.773 108.562
202403 104.572 125.038 109.862
202406 102.700 125.882 107.173
202409 96.923 126.198 100.891
202412 87.395 127.041 90.369
202503 88.941 127.779 91.436
202506 72.187 128.412 73.846
202509 66.849 129.255 67.940
202512 66.045 129.361 67.068
202603 75.604 131.258 75.665
202606 68.197 131.364 68.197

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 0.60 mean?
Deutsche Konsum Real Estate AG (JSE:DKR) has a Cyclically Adjusted PB Ratio of 0.60 as of Sep. 14, 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 Deutsche Konsum Real Estate AG and its competitors. This is near median its historical median of 0.60. Over the past decade, Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.08. According to the industry distribution chart, Deutsche Konsum Real Estate AG ranks #199 out of 550 companies in the REITs industry, placing it in the top 36.2%.
Is Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio too high?
Deutsche Konsum Real Estate AG's current Cyclically Adjusted PB Ratio of 0.60 is near median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.08. The REITs industry median Cyclically Adjusted PB Ratio is 0.77. Deutsche Konsum Real Estate AG's value of 0.60 is 22.1% below this industry median. Based on the distribution chart, Deutsche Konsum Real Estate AG ranks #199 out of 550 companies in the REITs industry, which is above the industry midpoint. Overall, Deutsche Konsum Real Estate AG has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Deutsche Konsum Real Estate AG's Cyclically Adjusted PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Deutsche Konsum Real Estate AG ranks #199 out of 550 companies for Cyclically Adjusted PB Ratio. This puts Deutsche Konsum Real Estate AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Deutsche Konsum Real Estate AG's value of 0.60 is 22.1% below this benchmark. Historically, Deutsche Konsum Real Estate AG's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.08 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.77, Deutsche Konsum Real Estate AG 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.77, based on 550 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. Deutsche Konsum Real Estate AG's current Cyclically Adjusted PB Ratio of 0.60 is 22.1% 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 Deutsche Konsum Real Estate AG and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Konsum Real Estate AG's current Cyclically Adjusted PB Ratio is 0.60, which is near median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Konsum Real Estate AG stock overvalued right now?
Deutsche Konsum Real Estate AG (JSE:DKR) has a current Cyclically Adjusted PB Ratio of 0.60. The stock's GF Value™ is R339.02, compared to a current price of R85.50 — trading 74.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is near median its 10-year median of 0.60 and 22.1% below the REITs industry median of 0.77. Deutsche Konsum Real Estate AG's overall GF Score™ is 15/100 with 3 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 Deutsche Konsum Real Estate AG (JSE:DKR), the current Cyclically Adjusted PB Ratio is 0.60 as of Sep. 14, 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 Deutsche Konsum Real Estate AG (JSE:DKR) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Konsum Real Estate AG stock appears to be undervalued. The current stock price of R85.50 is trading 74.8% below its estimated GF Value™ of R339.02.

Key valuation signals for JSE:DKR:

  • Cyclically Adjusted PB Ratio: 0.60 (near median its 10-year median of 0.60)
  • GF Value™: R339.02 vs. price of R85.50 (74.8% below fair value)
  • GF Score™: 15/100 with 3 warning signs
  • Industry Position: 22.1% below the REITs median (#199 of 550)

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


Deutsche Konsum Real Estate AG Business Description

Industry Real EstateREITs
Address Marlene-Dietrich-Allee 12b, Potsdam, BB, DEU, 14482
Deutsche Konsum Real Estate AG is a real estate company. The company is engaged in acquiring, leasing, managing, and selling retail properties across Germany. The objective of the company is to acquire and manage an attractive retail portfolio focused on regional areas and medium sized cities across Germany.
15GF Score

Get the complete analysis for JSE:DKR

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

R85.50
Price
R339.02
GF Value