Dnow (LTS:0K9J) Cyclically Adjusted PB Ratio: 1.38 (As of Aug. 27, 2026) — 27% Above Median

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LTS:0K9J Dnow Inc LTS:0K9J
79 GF Score
Price $15.88
GF Value $15.98
Valuation Fairly Valued
! 6 Warning Signs
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What is Dnow Cyclically Adjusted PB Ratio?

Dnow LTS:0K9J +1.44% 79 Cyclically Adjusted PB Ratio is 1.38 as of Aug. 27, 2026, which is 27% above its 10-year median of 1.09. GuruFocus rates LTS:0K9J with a GF Score™ of 79/100 and a GF Value™ of $15.98 (Fairly Valued). The stock has 6 warning signs investors should review. Among 124 Industrial Distribution companies, Dnow ranks worse than 52.42% on this metric.

As of today (2026-08-27), Dnow's current share price is $15.88. Dnow's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $11.47. Dnow's Cyclically Adjusted PB Ratio for today is 1.38.

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

LTS:0K9J' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.09   Max: 1.47
Current: 1.39

During the past years, Dnow's highest Cyclically Adjusted PB Ratio was 1.47. The lowest was 0.69. And the median was 1.09.

LTS:0K9J's Cyclically Adjusted PB Ratio is ranked worse than
52.42% of 124 companies
in the Industrial Distribution industry
Industry Median: 1.15 vs LTS:0K9J: 1.39

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.

Dnow's adjusted book value per share data for the three months ended in Jun. 2026 was $11.569. 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 $11.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dnow  (LTS:0K9J) 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.


Dnow Cyclically Adjusted PB Ratio Related Terms


Dnow Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dnow'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.

Dnow Cyclically Adjusted PB Ratio Chart

Dnow 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 0.00 0.95 0.86 1.07 1.16

Dnow 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 1.26 1.32 1.16 1.04 1.13

LTS:0K9J vs DXPE, DSGR, GIC: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Dnow'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.


Dnow Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

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

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


LTS:0K9J
79GF Score
Dnow Inc LTS:0K9J
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dnow 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.

Dnow's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.88/11.47
=1.38

* 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.

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

For example, Dnow'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)
=11.569/333.9520*333.9520
=11.569

Current CPI (Jun. 2026) = 333.9520.

Dnow Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.798 241.428 16.319
201612 11.007 241.432 15.225
201703 10.913 243.801 14.948
201706 10.917 244.955 14.883
201709 11.011 246.819 14.898
201712 10.969 246.524 14.859
201803 10.857 249.554 14.529
201806 10.970 251.989 14.538
201809 11.225 252.439 14.850
201812 11.196 251.233 14.882
201903 11.453 254.202 15.046
201906 11.618 256.143 15.147
201909 11.645 256.759 15.146
201912 10.475 256.974 13.613
202003 7.026 258.115 9.090
202006 6.829 257.797 8.846
202009 6.683 260.280 8.575
202012 6.357 260.474 8.150
202103 6.276 264.877 7.913
202106 6.295 271.696 7.737
202109 6.322 274.310 7.697
202112 6.431 278.802 7.703
202203 6.741 287.504 7.830
202206 7.009 296.311 7.899
202209 7.267 296.808 8.176
202212 7.629 296.797 8.584
202303 7.849 301.836 8.684
202306 8.190 305.109 8.964
202309 8.502 307.789 9.225
202312 9.976 306.746 10.861
202403 10.076 312.332 10.773
202406 10.277 314.175 10.924
202409 10.507 315.301 11.129
202412 10.639 315.605 11.257
202503 10.748 319.799 11.224
202506 11.008 322.561 11.397
202509 11.256 324.800 11.573
202512 11.997 324.054 12.363
202603 11.704 330.213 11.837
202606 11.569 333.952 11.569

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 1.38 mean?
Dnow (LTS:0K9J) has a Cyclically Adjusted PB Ratio of 1.38 as of Aug. 27, 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 Dnow and its competitors. This is 27% above median its historical median of 1.09. Over the past decade, Dnow's Cyclically Adjusted PB Ratio has ranged from 0.69 to 1.47. According to the industry distribution chart, Dnow ranks #65 out of 124 companies in the Industrial Distribution industry, placing it in the top 52.4%.
Is Dnow's Cyclically Adjusted PB Ratio too high?
Dnow's current Cyclically Adjusted PB Ratio of 1.38 is 27% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.47. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.15. Dnow's value of 1.38 is 20% above this industry median. Based on the distribution chart, Dnow ranks #65 out of 124 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Dnow has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dnow's Cyclically Adjusted PB Ratio compare to DXPE and DSGR?
According to the Industrial Distribution industry distribution chart, Dnow ranks #65 out of 124 companies for Cyclically Adjusted PB Ratio. This places Dnow in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Dnow's value of 1.38 is 20% above this benchmark. Historically, Dnow's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 1.47 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.15, Dnow 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 an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.15, based on 124 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. Dnow's current Cyclically Adjusted PB Ratio of 1.38 is 20% 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 Dnow and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dnow's current Cyclically Adjusted PB Ratio is 1.38, which is 27% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dnow stock overvalued right now?
Based on GuruFocus' analysis, Dnow (LTS:0K9J) is currently considered Fairly Valued. The stock's GF Value™ is $15.98, compared to a current price of $15.88 — trading 0.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.38, which is 27% above median its 10-year median of 1.09 and 20% above the Industrial Distribution industry median of 1.15. Dnow's overall GF Score™ is 79/100 with 6 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 Dnow (LTS:0K9J), the current Cyclically Adjusted PB Ratio is 1.38 as of Aug. 27, 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 Dnow (LTS:0K9J) Overvalued in 2026?

Based on GuruFocus' analysis, Dnow stock appears to be undervalued. The current stock price of $15.88 is trading 0.6% below its estimated GF Value™ of $15.98. GuruFocus considers Dnow to be Fairly Valued.

Key valuation signals for LTS:0K9J:

  • Cyclically Adjusted PB Ratio: 1.38 (27% above median its 10-year median of 1.09)
  • GF Value™: $15.98 vs. price of $15.88 (0.6% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 20% above the Industrial Distribution median (#65 of 124)

No single metric tells the full story. See the LTS:0K9J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dnow Business Description

Address 7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a provider of energy and industrial solutions and a distributor of pipe, valves, and fittings (PVF) and pumps, as well as fabrication, assembly, and testing of process and production equipment. It provides a broad mix of products required to build and maintain essential infrastructure and operating equipment across upstream, midstream, gas utilities, downstream, energy transition, and industrial markets, along with value-added supply chain solutions and technical product expertise supported by digital offerings through its DigitalNOW and MRCGO e-commerce platforms. The company operates mainly under the DNOW and MRC brands and has three reportable segments: the United States, which generates the majority of revenue, Canada, and International.
79GF Score

Get the complete analysis for LTS:0K9J

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

$15.88
Price
$15.98
GF Value