DFDS AS (OCSE:DFDS) Cyclically Adjusted PB Ratio: 0.73 (As of Aug. 23, 2026) — 61% Below Median

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OCSE:DFDS DFDS AS OCSE:DFDS
82 GF Score
Price kr156.90
GF Value kr147.55
Valuation Fairly Valued
! 9 Warning Signs
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What is DFDS AS Cyclically Adjusted PB Ratio?

DFDS AS OCSE:DFDS +6.16% 82 Cyclically Adjusted PB Ratio is 0.73 as of Aug. 23, 2026, which is 61% below its 10-year median of 1.87. GuruFocus rates OCSE:DFDS with a GF Score™ of 82/100 and a GF Value™ of kr147.55 (Fairly Valued). The stock has 9 warning signs investors should review. Among 708 Transportation companies, DFDS AS ranks better than 74.72% on this metric.

As of today (2026-08-23), DFDS AS's current share price is kr156.90. DFDS AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr213.80. DFDS AS's Cyclically Adjusted PB Ratio for today is 0.73.

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

OCSE:DFDS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.87   Max: 4.29
Current: 0.73

During the past years, DFDS AS's highest Cyclically Adjusted PB Ratio was 4.29. The lowest was 0.42. And the median was 1.87.

OCSE:DFDS's Cyclically Adjusted PB Ratio is ranked better than
74.72% of 708 companies
in the Transportation industry
Industry Median: 1.275 vs OCSE:DFDS: 0.73

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 Jun. 2026 was kr247.649. 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 kr213.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DFDS AS  (OCSE:DFDS) 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
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 0.57 0.48 0.47 0.50 0.52

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.


OCSE:DFDS
82GF Score
DFDS AS OCSE:DFDS
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
=156.90/213.80
=0.73

* 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 Jun. 2026 is calculated as:

For example, DFDS AS'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)
=247.649/122.9700*122.9700
=247.649

Current CPI (Jun. 2026) = 122.9700.

DFDS AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 108.188 100.200 132.773
201612 116.318 100.300 142.608
201703 105.467 101.200 128.155
201706 112.875 101.200 137.157
201709 116.780 101.800 141.065
201712 120.119 101.300 145.815
201803 116.205 101.700 140.509
201806 139.799 102.300 168.046
201809 151.309 102.400 181.704
201812 160.492 102.100 193.298
201903 152.860 102.900 182.674
201906 162.676 102.900 194.405
201909 175.987 102.900 210.312
201912 179.619 102.900 214.653
202003 179.800 103.300 214.037
202006 179.948 103.200 214.421
202009 182.378 103.500 216.686
202012 183.195 103.400 217.867
202103 187.796 104.300 221.412
202106 190.463 105.000 223.059
202109 193.618 105.800 225.040
202112 199.550 106.600 230.194
202203 197.870 109.900 221.402
202206 210.199 113.600 227.537
202209 220.345 116.400 232.782
202212 227.459 115.900 241.334
202303 224.212 117.300 235.050
202306 233.664 116.400 246.853
202309 244.433 117.400 256.030
202312 246.193 116.700 259.420
202403 242.978 118.400 252.356
202406 249.683 118.500 259.101
202409 260.009 118.900 268.909
202412 255.834 118.900 264.591
202503 251.426 120.200 257.220
202506 248.426 120.700 253.098
202509 252.148 121.600 254.989
202512 247.538 121.200 251.153
202603 243.909 121.680 246.495
202606 247.649 122.970 247.649

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 0.73 mean?
DFDS AS (OCSE:DFDS) has a Cyclically Adjusted PB Ratio of 0.73 as of Aug. 23, 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 61% below median its historical median of 1.87. 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 #179 out of 708 companies in the Transportation industry, placing it in the top 25.3%.
Is DFDS AS's Cyclically Adjusted PB Ratio too high?
DFDS AS's current Cyclically Adjusted PB Ratio of 0.73 is 61% below median its 10-year median of 1.87. 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 1.28. DFDS AS's value of 0.73 is 42.7% below this industry median. Based on the distribution chart, DFDS AS ranks #179 out of 708 companies in the Transportation industry, which is above the industry midpoint. Overall, DFDS AS has a GF Score™ of 82/100 and is considered Fairly Valued, 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 #179 out of 708 companies for Cyclically Adjusted PB Ratio. This puts DFDS AS in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. DFDS AS's value of 0.73 is 42.7% 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 1.87 vs. the industry median of 1.28, 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 1.28, based on 708 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 0.73 is 42.7% 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 1.28 — 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 0.73, which is 61% below median its own 10-year median of 1.87. 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 (OCSE:DFDS) is currently considered Fairly Valued. The stock's GF Value™ is kr147.55, compared to a current price of kr156.90 — trading 6.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.73, which is 61% below median its 10-year median of 1.87 and 42.7% below the Transportation industry median of 1.28. DFDS AS's overall GF Score™ is 82/100 with 9 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 (OCSE:DFDS), the current Cyclically Adjusted PB Ratio is 0.73 as of Aug. 23, 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 (OCSE:DFDS) Overvalued in 2026?

Based on GuruFocus' analysis, DFDS AS stock appears to be overvalued. The current stock price of kr156.90 is trading 6.3% above its estimated GF Value™ of kr147.55. GuruFocus considers DFDS AS to be Fairly Valued.

Key valuation signals for OCSE:DFDS:

  • Cyclically Adjusted PB Ratio: 0.73 (61% below median its 10-year median of 1.87)
  • GF Value™: kr147.55 vs. price of kr156.90 (6.3% above fair value)
  • GF Score™: 82/100 with 9 warning signs
  • Industry Position: 42.7% below the Transportation median (#179 of 708)

No single metric tells the full story. See the OCSE:DFDS 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.
82GF Score

Get the complete analysis for OCSE:DFDS

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

kr156.90
Price
kr147.55
GF Value