DFDS AS (LTS:0RB3) Cyclically Adjusted PB Ratio: 0.61 (As of Jul. 30, 2026) — 68% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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LTS:0RB3 DFDS AS LTS:0RB3
79 GF Score
Price kr126.25
GF Value kr157.53
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is DFDS AS Cyclically Adjusted PB Ratio?

DFDS AS LTS:0RB3 +2.10% 79 Cyclically Adjusted PB Ratio is 0.61 as of Jul. 30, 2026, which is 68% below its 10-year median of 1.90. GuruFocus rates LTS:0RB3 with a GF Score™ of 79/100 and a GF Value™ of kr157.53 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 738 Transportation companies, DFDS AS ranks better than 80.08% on this metric.

As of today (2026-07-30), DFDS AS's current share price is kr126.25. DFDS AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr207.90. DFDS AS's Cyclically Adjusted PB Ratio for today is 0.61.

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

LTS:0RB3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.9   Max: 4.29
Current: 0.6

During the past years, DFDS AS's highest Cyclically Adjusted PB Ratio was 4.29. The lowest was 0.42. And the median was 1.90.

LTS:0RB3's Cyclically Adjusted PB Ratio is ranked better than
80.08% of 738 companies
in the Transportation industry
Industry Median: 1.265 vs LTS:0RB3: 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.

DFDS AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr243.909. 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 kr207.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DFDS AS  (LTS:0RB3) 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.


DFDS AS Cyclically Adjusted PB Ratio Related Terms


DFDS AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DFDS AS'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.

DFDS AS Cyclically Adjusted PB Ratio Chart

DFDS AS 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 2.58 1.62 1.30 0.71 0.47

DFDS AS 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 0.46 0.57 0.48 0.47 0.50

DFDS AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, DFDS AS'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.


DFDS AS Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


LTS:0RB3
79GF Score
DFDS AS LTS:0RB3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DFDS AS 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.

DFDS AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=126.25/207.90
=0.61

* 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.

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

For example, DFDS AS'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)
=243.909/121.6800*121.6800
=243.909

Current CPI (Mar. 2026) = 121.6800.

DFDS AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 104.777 100.600 126.732
201609 108.188 100.200 131.380
201612 116.318 100.300 141.112
201703 105.467 101.200 126.811
201706 112.875 101.200 135.718
201709 116.780 101.800 139.585
201712 120.119 101.300 144.285
201803 116.205 101.700 139.035
201806 139.799 102.300 166.283
201809 151.309 102.400 179.798
201812 160.492 102.100 191.270
201903 152.860 102.900 180.758
201906 162.676 102.900 192.366
201909 175.987 102.900 208.106
201912 179.619 102.900 212.401
202003 179.800 103.300 211.792
202006 179.948 103.200 212.171
202009 182.378 103.500 214.413
202012 183.195 103.400 215.582
202103 187.796 104.300 219.089
202106 190.463 105.000 220.719
202109 193.618 105.800 222.679
202112 199.550 106.600 227.779
202203 197.870 109.900 219.079
202206 210.199 113.600 225.150
202209 220.345 116.400 230.340
202212 227.459 115.900 238.803
202303 224.212 117.300 232.584
202306 233.664 116.400 244.263
202309 244.433 117.400 253.344
202312 246.193 116.700 256.699
202403 242.978 118.400 249.709
202406 249.683 118.500 256.383
202409 260.009 118.900 266.088
202412 255.834 118.900 261.816
202503 251.426 120.200 254.522
202506 248.426 120.700 250.443
202509 252.148 121.600 252.314
202512 247.538 121.200 248.518
202603 243.909 121.680 243.909

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 0.61 mean?
DFDS AS (LTS:0RB3) has a Cyclically Adjusted PB Ratio of 0.61 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 DFDS AS and its competitors. This is 68% below median its historical median of 1.90. Over the past decade, DFDS AS's Cyclically Adjusted PB Ratio has ranged from 0.42 to 4.29. According to the industry distribution chart, DFDS AS ranks #147 out of 738 companies in the Transportation industry, placing it in the top 19.9%.
Is DFDS AS's Cyclically Adjusted PB Ratio too high?
DFDS AS's current Cyclically Adjusted PB Ratio of 0.61 is 68% below median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 4.29. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. DFDS AS's value of 0.61 is 51.8% below this industry median. Based on the distribution chart, DFDS AS ranks #147 out of 738 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, DFDS AS has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DFDS AS's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, DFDS AS ranks #147 out of 738 companies for Cyclically Adjusted PB Ratio. This places DFDS AS in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. DFDS AS's value of 0.61 is 51.8% below this benchmark. Historically, DFDS AS's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 4.29 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 1.27, DFDS AS 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 738 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. DFDS AS's current Cyclically Adjusted PB Ratio of 0.61 is 51.8% 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 DFDS AS 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. DFDS AS's current Cyclically Adjusted PB Ratio is 0.61, which is 68% below median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DFDS AS stock overvalued right now?
Based on GuruFocus' analysis, DFDS AS (LTS:0RB3) is currently considered Modestly Undervalued. The stock's GF Value™ is kr157.53, compared to a current price of kr126.25 — trading 19.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.61, which is 68% below median its 10-year median of 1.90 and 51.8% below the Transportation industry median of 1.27. DFDS AS's overall GF Score™ is 79/100 with 8 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 DFDS AS (LTS:0RB3), the current Cyclically Adjusted PB Ratio is 0.61 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 DFDS AS (LTS:0RB3) Overvalued in 2026?

Based on GuruFocus' analysis, DFDS AS stock appears to be undervalued. The current stock price of kr126.25 is trading 19.9% below its estimated GF Value™ of kr157.53. GuruFocus considers DFDS AS to be Modestly Undervalued.

Key valuation signals for LTS:0RB3:

  • Cyclically Adjusted PB Ratio: 0.61 (68% below median its 10-year median of 1.90)
  • GF Value™: kr157.53 vs. price of kr126.25 (19.9% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 51.8% below the Transportation median (#147 of 738)

No single metric tells the full story. See the LTS:0RB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DFDS AS Business Description

Address Marmorvej 18, Copenhagen, DNK, DK-2100
DFDS AS is a transportation and logistics company domiciled in Denmark. The two main divisions are the ferry division and the logistics division. The ferry division operates ferry routes around Europe, transporting freight, passengers, and passenger cruise ferries. The logistics division provides transport solutions for full and part loads as well as contract logistics solutions, including warehousing. Its main customers include manufacturers of industrial goods. The company generates the majority of its revenue from the ferry division. It has a presence in geographical markets such as the North Sea, the Mediterranean, the Baltic and Channel, Continental, Nordic, and the UK/Ireland.
79GF Score

Get the complete analysis for LTS:0RB3

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

kr126.25
Price
kr157.53
GF Value