Digital Turbine (MIL:1APPS) Cyclically Adjusted PB Ratio: 2.38 (As of Jul. 16, 2026) — Near Median

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MIL:1APPS Digital Turbine Inc MIL:1APPS
24 GF Score
Price €7.82
GF Value €3.76
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Digital Turbine Cyclically Adjusted PB Ratio?

Digital Turbine MIL:1APPS -7.13% 24 Cyclically Adjusted PB Ratio is 2.38 as of Jul. 16, 2026, which is 0% above its 10-year median of 2.37. GuruFocus rates MIL:1APPS with a GF Score™ of 24/100 and a GF Value™ of €3.76 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,598 Software companies, Digital Turbine ranks worse than 67.08% on this metric.

As of today (2026-07-16), Digital Turbine's current share price is €7.82. Digital Turbine's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.29. Digital Turbine's Cyclically Adjusted PB Ratio for today is 2.38.

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

MIL:1APPS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 2.37   Max: 127.65
Current: 3.76

During the past years, Digital Turbine's highest Cyclically Adjusted PB Ratio was 127.65. The lowest was 0.25. And the median was 2.37.

MIL:1APPS's Cyclically Adjusted PB Ratio is ranked worse than
67.08% of 1598 companies
in the Software industry
Industry Median: 2.31 vs MIL:1APPS: 3.76

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 Turbine's adjusted book value per share data for the three months ended in Mar. 2026 was €1.381. 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 €3.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Turbine  (MIL:1APPS) 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 Turbine Cyclically Adjusted PB Ratio Related Terms


Digital Turbine Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Digital Turbine'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 Turbine Cyclically Adjusted PB Ratio Chart

Digital Turbine 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 32.20 6.15 1.08 1.07 1.11

Digital Turbine 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 1.07 2.32 2.51 1.97 1.11

MIL:1APPS vs BLKB, WLTH, VIA: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Digital Turbine'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 Turbine Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Digital Turbine's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:1APPS
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Digital Turbine Inc MIL:1APPS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Digital Turbine 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 Turbine's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.82/3.29
=2.38

* 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.

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

For example, Digital Turbine'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)
=1.381/330.2130*330.2130
=1.381

Current CPI (Mar. 2026) = 330.2130.

Digital Turbine Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.022 241.018 1.400
201609 0.934 241.428 1.277
201612 0.973 241.432 1.331
201703 0.870 243.801 1.178
201706 0.783 244.955 1.056
201709 0.704 246.819 0.942
201712 0.686 246.524 0.919
201803 0.294 249.554 0.389
201806 0.321 251.989 0.421
201809 0.355 252.439 0.464
201812 0.358 251.233 0.471
201903 0.393 254.202 0.511
201906 0.398 256.143 0.513
201909 0.516 256.759 0.664
201912 0.596 256.974 0.766
202003 0.802 258.115 1.026
202006 0.905 257.797 1.159
202009 0.911 260.280 1.156
202012 1.030 260.474 1.306
202103 1.354 264.877 1.688
202106 4.391 271.696 5.337
202109 4.276 274.310 5.147
202112 4.424 278.802 5.240
202203 4.808 287.504 5.522
202206 5.518 296.311 6.149
202209 5.956 296.808 6.626
202212 5.766 296.797 6.415
202303 5.682 301.836 6.216
202306 5.510 305.109 5.963
202309 4.150 307.789 4.452
202312 4.018 306.746 4.325
202403 1.926 312.332 2.036
202406 1.775 314.175 1.866
202409 1.586 315.301 1.661
202412 1.489 315.605 1.558
202503 1.343 319.799 1.387
202506 1.223 322.561 1.252
202509 1.129 324.800 1.148
202512 1.389 324.054 1.415
202603 1.381 330.213 1.381

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 2.38 mean?
Digital Turbine (MIL:1APPS) has a Cyclically Adjusted PB Ratio of 2.38 as of Jul. 16, 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 Turbine and its competitors. This is near median its historical median of 2.37. Over the past decade, Digital Turbine's Cyclically Adjusted PB Ratio has ranged from 0.25 to 127.65. According to the industry distribution chart, Digital Turbine ranks #1072 out of 1598 companies in the Software industry, placing it in the top 67.1%.
Is Digital Turbine's Cyclically Adjusted PB Ratio too high?
Digital Turbine's current Cyclically Adjusted PB Ratio of 2.38 is near median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 127.65. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Digital Turbine's value of 2.38 is 3% above this industry median. Based on the distribution chart, Digital Turbine ranks #1072 out of 1598 companies in the Software industry, which is below the industry midpoint. Overall, Digital Turbine has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Turbine's Cyclically Adjusted PB Ratio compare to BLKB and WLTH?
According to the Software industry distribution chart, Digital Turbine ranks #1072 out of 1598 companies for Cyclically Adjusted PB Ratio. This places Digital Turbine in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Digital Turbine's value of 2.38 is 3% above this benchmark. Historically, Digital Turbine's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 127.65 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 2.31, Digital Turbine 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,598 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 Turbine's current Cyclically Adjusted PB Ratio of 2.38 is 3% 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 Turbine and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Turbine's current Cyclically Adjusted PB Ratio is 2.38, which is near median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Turbine stock overvalued right now?
Based on GuruFocus' analysis, Digital Turbine (MIL:1APPS) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.76, compared to a current price of €7.82 — trading 108% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.38, which is near median its 10-year median of 2.37 and 3% above the Software industry median of 2.31. Digital Turbine's overall GF Score™ is 24/100 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 Digital Turbine (MIL:1APPS), the current Cyclically Adjusted PB Ratio is 2.38 as of Jul. 16, 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 Turbine (MIL:1APPS) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Turbine stock appears to be overvalued. The current stock price of €7.82 is trading 108% above its estimated GF Value™ of €3.76. GuruFocus considers Digital Turbine to be Significantly Overvalued.

Key valuation signals for MIL:1APPS:

  • Cyclically Adjusted PB Ratio: 2.38 (near median its 10-year median of 2.37)
  • GF Value™: €3.76 vs. price of €7.82 (108% above fair value)
  • GF Score™: 24/100 with 3 warning signs
  • Industry Position: 3% above the Software median (#1072 of 1598)

No single metric tells the full story. See the MIL:1APPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Digital Turbine Business Description

Address 110 San Antonio Street, Suite 160, Austin, TX, USA, 78701
Digital Turbine Inc is an independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers. The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, its products and solutions provide monetization opportunities for OEMs, carriers, and application (app or apps) publishers and developers.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.82
Price
€3.76
GF Value