Dentsply Sirona (WBO:XRAY) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WBO:XRAY Dentsply Sirona Inc WBO:XRAY
47 GF Score
Price €8.30
GF Value €15.03
Valuation Possible Value Trap
! 5 Warning Signs
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What is Dentsply Sirona Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsply Sirona  (WBO:XRAY) 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.


Dentsply Sirona Cyclically Adjusted PB Ratio Related Terms


Dentsply Sirona Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dentsply Sirona'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.

Dentsply Sirona Cyclically Adjusted PB Ratio Chart

Dentsply Sirona 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 2.30 1.31 1.37 0.77 0.43

Dentsply Sirona 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 0.56 0.44 0.40 0.42 0.41

WBO:XRAY vs ATRC, LMAT, BLFS: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Dentsply Sirona'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.


Dentsply Sirona Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Dentsply Sirona's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WBO:XRAY
47GF Score
Dentsply Sirona Inc WBO:XRAY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dentsply Sirona 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.

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

For example, Dentsply Sirona'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)
=5.932/333.9520*333.9520
=5.932

Current CPI (Jun. 2026) = 333.9520.

Dentsply Sirona Quarterly Data

Book Value per Share CPI Adj_Book
201609 32.109 241.428 44.414
201612 33.482 241.432 46.313
201703 33.200 243.801 45.476
201706 27.814 244.955 37.919
201709 27.594 246.819 37.335
201712 24.337 246.524 32.968
201803 23.976 249.554 32.085
201806 19.813 251.989 26.257
201809 19.944 252.439 26.384
201812 20.136 251.233 26.766
201903 20.333 254.202 26.712
201906 20.309 256.143 26.478
201909 20.875 256.759 27.151
201912 20.510 256.974 26.654
202003 19.509 258.115 25.241
202006 18.938 257.797 24.532
202009 18.586 260.280 23.847
202012 18.573 260.474 23.812
202103 19.224 264.877 24.237
202106 19.593 271.696 24.083
202109 19.984 274.310 24.329
202112 20.212 278.802 24.210
202203 20.286 287.504 23.563
202206 21.544 296.311 24.281
202209 17.166 296.808 19.314
202212 16.590 296.797 18.667
202303 15.758 301.836 17.435
202306 16.028 305.109 17.543
202309 15.033 307.789 16.311
202312 14.392 306.746 15.668
202403 14.531 312.332 15.537
202406 14.111 314.175 14.999
202409 11.223 315.301 11.887
202412 9.439 315.605 9.988
202503 9.337 319.799 9.750
202506 8.382 322.561 8.678
202509 6.305 324.800 6.483
202512 5.716 324.054 5.891
202603 5.715 330.213 5.780
202606 5.932 333.952 5.932

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.

Is Dentsply Sirona (WBO:XRAY) Overvalued in 2026?

Based on GuruFocus' analysis, Dentsply Sirona stock appears to be undervalued. The current stock price of €8.30 is trading 44.8% below its estimated GF Value™ of €15.03. GuruFocus considers Dentsply Sirona to be Possible Value Trap.

Key valuation signals for WBO:XRAY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €15.03 vs. price of €8.30 (44.8% below fair value)
  • GF Score™: 47/100 with 5 warning signs

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


Dentsply Sirona Business Description

Other Exchanges XRAY:USA0I8F:UKDY2:Germany
Address 13320 Ballantyne Corporate Place, Charlotte, NC, USA, 28277-3607
Dentsply Sirona is one of the world's largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (dental consumables and lab products) and Sirona Dental Systems (technologically advanced dental equipment). The firm's wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology, and equipment through third-party distributors. The remaining portfolio is sold to labs and offices through the firm's salesforce or directly to consumers (such as the Byte clear aligner).
47GF Score

Get the complete analysis for WBO:XRAY

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

€8.30
Price
€15.03
GF Value