Digital Realty Trust (LTS:0I9F) Cyclically Adjusted PB Ratio: 3.07 (As of Aug. 11, 2026) — 28% Below Median

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LTS:0I9F Digital Realty Trust Inc LTS:0I9F
78 GF Score
Price $191.21
GF Value $121.28
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Digital Realty Trust Cyclically Adjusted PB Ratio?

Digital Realty Trust LTS:0I9F -1.29% 78 Cyclically Adjusted PB Ratio is 3.07 as of Aug. 11, 2026, which is 28% below its 10-year median of 4.26. GuruFocus rates LTS:0I9F with a GF Score™ of 78/100 and a GF Value™ of $121.28 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 554 REITs companies, Digital Realty Trust ranks worse than 93.86% on this metric.

As of today (2026-08-11), Digital Realty Trust's current share price is $191.21. Digital Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $62.27. Digital Realty Trust's Cyclically Adjusted PB Ratio for today is 3.07.

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

LTS:0I9F' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 4.26   Max: 6.31
Current: 3.1

During the past years, Digital Realty Trust's highest Cyclically Adjusted PB Ratio was 6.31. The lowest was 1.97. And the median was 4.26.

LTS:0I9F's Cyclically Adjusted PB Ratio is ranked worse than
93.86% of 554 companies
in the REITs industry
Industry Median: 0.815 vs LTS:0I9F: 3.10

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.

Digital Realty Trust's adjusted book value per share data for the three months ended in Jun. 2026 was $72.168. 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 $62.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Realty Trust  (LTS:0I9F) 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.


Digital Realty Trust Cyclically Adjusted PB Ratio Related Terms


Digital Realty Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Digital Realty Trust'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.

Digital Realty Trust Cyclically Adjusted PB Ratio Chart

Digital Realty Trust 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 4.60 2.27 2.78 3.35 2.67

Digital Realty Trust 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 3.12 3.02 2.67 3.01 2.91

LTS:0I9F vs AMT, EQIX, IRM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Digital Realty Trust'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.


Digital Realty Trust Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Digital Realty Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0I9F
78GF Score
Digital Realty Trust Inc LTS:0I9F
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital Realty Trust 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.

Digital Realty Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=191.21/62.27
=3.07

* 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.

Digital Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Digital Realty Trust'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)
=72.168/333.9520*333.9520
=72.168

Current CPI (Jun. 2026) = 333.9520.

Digital Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.086 241.428 36.083
201612 25.677 241.432 35.517
201703 25.188 243.801 34.502
201706 25.650 244.955 34.969
201709 44.879 246.819 60.722
201712 44.286 246.524 59.992
201803 43.737 249.554 58.529
201806 43.148 251.989 57.182
201809 42.550 252.439 56.289
201812 41.705 251.233 55.436
201903 41.474 254.202 54.486
201906 40.623 256.143 52.963
201909 39.973 256.759 51.991
201912 40.425 256.974 52.535
202003 57.003 258.115 73.751
202006 57.937 257.797 75.052
202009 59.727 260.280 76.633
202012 59.819 260.474 76.694
202103 59.255 264.877 74.708
202106 59.185 271.696 72.747
202109 58.279 274.310 70.950
202112 60.731 278.802 72.744
202203 59.601 287.504 69.230
202206 57.622 296.311 64.942
202209 56.806 296.808 63.915
202212 57.880 296.797 65.126
202303 56.577 301.836 62.597
202306 56.442 305.109 61.778
202309 57.648 307.789 62.548
202312 59.003 306.746 64.236
202403 58.537 312.332 62.589
202406 60.775 314.175 64.601
202409 61.912 315.301 65.574
202412 61.219 315.605 64.778
202503 61.067 319.799 63.770
202506 65.172 322.561 67.474
202509 64.987 324.800 66.818
202512 64.601 324.054 66.574
202603 64.877 330.213 65.612
202606 72.168 333.952 72.168

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 3.07 mean?
Digital Realty Trust (LTS:0I9F) has a Cyclically Adjusted PB Ratio of 3.07 as of Aug. 11, 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 Digital Realty Trust and its competitors. This is 28% below median its historical median of 4.26. Over the past decade, Digital Realty Trust's Cyclically Adjusted PB Ratio has ranged from 1.97 to 6.31. According to the industry distribution chart, Digital Realty Trust ranks #520 out of 554 companies in the REITs industry, placing it in the top 93.9%.
Is Digital Realty Trust's Cyclically Adjusted PB Ratio too high?
Digital Realty Trust's current Cyclically Adjusted PB Ratio of 3.07 is 28% below median its 10-year median of 4.26. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 6.31. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Digital Realty Trust's value of 3.07 is 276.7% above this industry median. Based on the distribution chart, Digital Realty Trust ranks #520 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Digital Realty Trust has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Realty Trust's Cyclically Adjusted PB Ratio compare to AMT and EQIX?
According to the REITs industry distribution chart, Digital Realty Trust ranks #520 out of 554 companies for Cyclically Adjusted PB Ratio. This places Digital Realty Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. Digital Realty Trust's value of 3.07 is 276.7% above this benchmark. Historically, Digital Realty Trust's own Cyclically Adjusted PB Ratio has ranged from 1.97 to 6.31 over the past decade. While the company's 10-year median is 4.26 vs. the industry median of 0.82, Digital Realty Trust 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.82, based on 554 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. Digital Realty Trust's current Cyclically Adjusted PB Ratio of 3.07 is 276.7% 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 Digital Realty Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Realty Trust's current Cyclically Adjusted PB Ratio is 3.07, which is 28% below median its own 10-year median of 4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Digital Realty Trust (LTS:0I9F) is currently considered Significantly Overvalued. The stock's GF Value™ is $121.28, compared to a current price of $191.21 — trading 57.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.07, which is 28% below median its 10-year median of 4.26 and 276.7% above the REITs industry median of 0.82. Digital Realty Trust's overall GF Score™ is 78/100 with 11 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 Digital Realty Trust (LTS:0I9F), the current Cyclically Adjusted PB Ratio is 3.07 as of Aug. 11, 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 Digital Realty Trust (LTS:0I9F) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Realty Trust stock appears to be overvalued. The current stock price of $191.21 is trading 57.7% above its estimated GF Value™ of $121.28. GuruFocus considers Digital Realty Trust to be Significantly Overvalued.

Key valuation signals for LTS:0I9F:

  • Cyclically Adjusted PB Ratio: 3.07 (28% below median its 10-year median of 4.26)
  • GF Value™: $121.28 vs. price of $191.21 (57.7% above fair value)
  • GF Score™: 78/100 with 11 warning signs
  • Industry Position: 276.7% above the REITs median (#520 of 554)

No single metric tells the full story. See the LTS:0I9F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Digital Realty Trust Business Description

Industry Real EstateREITs
Address 2323 Bryan Street, Suite 1800, Dallas, TX, USA, 75201
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
78GF Score

Get the complete analysis for LTS:0I9F

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

$191.21
Price
$121.28
GF Value