Douglas Dynamics (STU:5D4) Cyclically Adjusted PB Ratio: 3.16 (As of Aug. 20, 2026) — Near Median

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STU:5D4 Douglas Dynamics Inc STU:5D4
77 GF Score
Price €35.20
GF Value €28.85
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Douglas Dynamics Cyclically Adjusted PB Ratio?

Douglas Dynamics STU:5D4 -0.56% 77 Cyclically Adjusted PB Ratio is 3.16 as of Aug. 20, 2026, which is 8% below its 10-year median of 3.44. GuruFocus rates STU:5D4 with a GF Score™ of 77/100 and a GF Value™ of €28.85 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 963 Vehicles & Parts companies, Douglas Dynamics ranks worse than 79.96% on this metric.

As of today (2026-08-20), Douglas Dynamics's current share price is €35.20. Douglas Dynamics's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.13. Douglas Dynamics's Cyclically Adjusted PB Ratio for today is 3.16.

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

STU:5D4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 3.44   Max: 6.07
Current: 3.25

During the past years, Douglas Dynamics's highest Cyclically Adjusted PB Ratio was 6.07. The lowest was 1.81. And the median was 3.44.

STU:5D4's Cyclically Adjusted PB Ratio is ranked worse than
79.96% of 963 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs STU:5D4: 3.25

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.

Douglas Dynamics's adjusted book value per share data for the three months ended in Jun. 2026 was €11.275. 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 €11.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Douglas Dynamics  (STU:5D4) 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.


Douglas Dynamics Cyclically Adjusted PB Ratio Related Terms


Douglas Dynamics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Douglas Dynamics'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.

Douglas Dynamics Cyclically Adjusted PB Ratio Chart

Douglas Dynamics 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 3.75 3.24 2.55 1.96 2.62

Douglas Dynamics 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 2.38 2.50 2.62 3.32 4.21

STU:5D4 vs XPEL, SMP, DCH: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Douglas Dynamics'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.


Douglas Dynamics Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Douglas Dynamics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:5D4
77GF Score
Douglas Dynamics Inc STU:5D4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Douglas Dynamics 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.

Douglas Dynamics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.20/11.13
=3.16

* 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.

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

For example, Douglas Dynamics'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)
=11.275/333.9520*333.9520
=11.275

Current CPI (Jun. 2026) = 333.9520.

Douglas Dynamics Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.476 241.428 11.724
201612 9.288 241.432 12.847
201703 8.785 243.801 12.033
201706 8.748 244.955 11.926
201709 8.415 246.819 11.386
201712 9.601 246.524 13.006
201803 8.978 249.554 12.014
201806 10.184 251.989 13.496
201809 10.371 252.439 13.720
201812 10.949 251.233 14.554
201903 10.721 254.202 14.084
201906 11.431 256.143 14.903
201909 11.950 256.759 15.543
201912 12.364 256.974 16.068
202003 11.602 258.115 15.011
202006 7.165 257.797 9.282
202009 6.978 260.280 8.953
202012 7.200 260.474 9.231
202103 7.195 264.877 9.071
202106 7.557 271.696 9.289
202109 7.776 274.310 9.467
202112 8.265 278.802 9.900
202203 8.184 287.504 9.506
202206 9.079 296.311 10.232
202209 10.169 296.808 11.442
202212 9.780 296.797 11.004
202303 8.805 301.836 9.742
202306 9.564 305.109 10.468
202309 9.659 307.789 10.480
202312 9.239 306.746 10.058
202403 8.651 312.332 9.250
202406 9.520 314.175 10.119
202409 10.173 315.301 10.775
202412 10.926 315.605 11.561
202503 10.318 319.799 10.775
202506 10.283 322.561 10.646
202509 10.181 324.800 10.468
202512 10.419 324.054 10.737
202603 10.452 330.213 10.570
202606 11.275 333.952 11.275

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 3.16 mean?
Douglas Dynamics (STU:5D4) has a Cyclically Adjusted PB Ratio of 3.16 as of Aug. 20, 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 Douglas Dynamics and its competitors. This is near median its historical median of 3.44. Over the past decade, Douglas Dynamics' Cyclically Adjusted PB Ratio has ranged from 1.81 to 6.07. According to the industry distribution chart, Douglas Dynamics ranks #770 out of 963 companies in the Vehicles & Parts industry, placing it in the top 80%.
Is Douglas Dynamics' Cyclically Adjusted PB Ratio too high?
Douglas Dynamics' current Cyclically Adjusted PB Ratio of 3.16 is near median its 10-year median of 3.44. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 6.07. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Douglas Dynamics' value of 3.16 is 150.8% above this industry median. Based on the distribution chart, Douglas Dynamics ranks #770 out of 963 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Douglas Dynamics has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Douglas Dynamics' Cyclically Adjusted PB Ratio compare to XPEL and SMP?
According to the Vehicles & Parts industry distribution chart, Douglas Dynamics ranks #770 out of 963 companies for Cyclically Adjusted PB Ratio. This places Douglas Dynamics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Douglas Dynamics' value of 3.16 is 150.8% above this benchmark. Historically, Douglas Dynamics' own Cyclically Adjusted PB Ratio has ranged from 1.81 to 6.07 over the past decade. While the company's 10-year median is 3.44 vs. the industry median of 1.26, Douglas Dynamics 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 963 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. Douglas Dynamics's current Cyclically Adjusted PB Ratio of 3.16 is 150.8% 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 Douglas Dynamics and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Douglas Dynamics's current Cyclically Adjusted PB Ratio is 3.16, which is near median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Douglas Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Douglas Dynamics (STU:5D4) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.85, compared to a current price of €35.20 — trading 22% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.16, which is near median its 10-year median of 3.44 and 150.8% above the Vehicles & Parts industry median of 1.26. Douglas Dynamics' overall GF Score™ is 77/100 with 1 warning sign 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 Douglas Dynamics (STU:5D4), the current Cyclically Adjusted PB Ratio is 3.16 as of Aug. 20, 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 Douglas Dynamics (STU:5D4) Overvalued in 2026?

Based on GuruFocus' analysis, Douglas Dynamics stock appears to be overvalued. The current stock price of €35.20 is trading 22% above its estimated GF Value™ of €28.85. GuruFocus considers Douglas Dynamics to be Modestly Overvalued.

Key valuation signals for STU:5D4:

  • Cyclically Adjusted PB Ratio: 3.16 (near median its 10-year median of 3.44)
  • GF Value™: €28.85 vs. price of €35.20 (22% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 150.8% above the Vehicles & Parts median (#770 of 963)

No single metric tells the full story. See the STU:5D4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Douglas Dynamics Business Description

Other Exchanges PLOW:USA
Address 11270 West Park Place, Suite 300, Milwaukee, WI, USA, 53224
Douglas Dynamics Inc is a manufacturer and upfitter of commercial vehicle attachments and equipment. The Company's portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX, and WESTERN brands, turf care equipment under the TURFEX brand, and industrial maintenance equipment under the SWEEPEX brand. The Company's portfolio also includes the upfit of attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The Company also leases fifteen manufacturing upfit and service facilities located in Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. The Company conducts business in two segments: Work Truck Attachments and Work Truck Solutions.
77GF Score

Get the complete analysis for STU:5D4

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

€35.20
Price
€28.85
GF Value