Dentsu Group (FRA:DEN) Cyclically Adjusted PS Ratio: 0.72 (As of Jul. 17, 2026) — 24% Below Median

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FRA:DEN Dentsu Group Inc FRA:DEN
75 GF Score
Price €18.10
GF Value €22.45
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Dentsu Group Cyclically Adjusted PS Ratio?

Dentsu Group FRA:DEN +0.56% 75 Cyclically Adjusted PS Ratio is 0.72 as of Jul. 17, 2026, which is 24% below its 10-year median of 0.95. GuruFocus rates FRA:DEN with a GF Score™ of 75/100 and a GF Value™ of €22.45 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 734 Media - Diversified companies, Dentsu Group ranks better than 51.91% on this metric.

As of today (2026-07-17), Dentsu Group's current share price is €18.10. Dentsu Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €25.01. Dentsu Group's Cyclically Adjusted PS Ratio for today is 0.72.

The historical rank and industry rank for Dentsu Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:DEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.95   Max: 1.36
Current: 0.74

During the past years, Dentsu Group's highest Cyclically Adjusted PS Ratio was 1.36. The lowest was 0.40. And the median was 0.95.

FRA:DEN's Cyclically Adjusted PS Ratio is ranked better than
51.91% of 734 companies
in the Media - Diversified industry
Industry Median: 0.795 vs FRA:DEN: 0.74

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Dentsu Group's adjusted revenue per share data for the three months ended in Mar. 2026 was €7.469. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €25.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsu Group  (FRA:DEN) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Dentsu Group Cyclically Adjusted PS Ratio Related Terms


Dentsu Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dentsu Group's Cyclically Adjusted PS 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.

Dentsu Group Cyclically Adjusted PS Ratio Chart

Dentsu Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.12 1.07 1.01 0.74

Dentsu Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 0.76 0.73 0.73 0.74 0.59

FRA:DEN vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, Dentsu Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Dentsu Group Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dentsu Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dentsu Group's Cyclically Adjusted PS Ratio falls into.


FRA:DEN
75GF Score
Dentsu Group Inc FRA:DEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dentsu Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Dentsu Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.10/25.01
=0.72

* 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.

Dentsu Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Dentsu Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.469/112.7000*112.7000
=7.469

Current CPI (Mar. 2026) = 112.7000.

Dentsu Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.737 98.100 6.591
201609 5.990 98.000 6.889
201612 7.168 98.400 8.210
201703 6.683 98.100 7.678
201706 5.960 98.500 6.819
201709 5.848 98.800 6.671
201712 7.211 99.400 8.176
201803 6.568 99.200 7.462
201806 6.609 99.200 7.508
201809 6.604 99.900 7.450
201812 8.152 99.700 9.215
201903 7.078 99.700 8.001
201906 7.159 99.800 8.084
201909 7.479 100.100 8.420
201912 8.927 100.500 10.011
202003 7.726 100.300 8.681
202006 6.076 99.900 6.855
202009 6.210 99.900 7.006
202012 7.400 99.300 8.399
202103 6.829 99.900 7.704
202106 6.524 99.500 7.389
202109 7.809 100.100 8.792
202112 8.723 100.100 9.821
202203 8.001 101.100 8.919
202206 7.508 101.800 8.312
202209 8.167 103.100 8.927
202212 9.518 104.100 10.304
202303 8.033 104.400 8.672
202306 7.317 105.200 7.839
202309 7.935 106.200 8.421
202312 8.904 106.800 9.396
202403 7.714 107.200 8.110
202406 7.783 108.200 8.107
202409 8.285 108.900 8.574
202412 9.133 110.700 9.298
202503 8.227 111.100 8.345
202506 7.831 111.700 7.901
202509 7.334 112.000 7.380
202512 8.882 113.000 8.858
202603 7.469 112.700 7.469

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.72 mean?
Dentsu Group (FRA:DEN) has a Cyclically Adjusted PS Ratio of 0.72 as of Jul. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dentsu Group and its competitors. This is 24% below median its historical median of 0.95. Over the past decade, Dentsu Group's Cyclically Adjusted PS Ratio has ranged from 0.40 to 1.36. According to the industry distribution chart, Dentsu Group ranks #353 out of 734 companies in the Media - Diversified industry, placing it in the top 48.1%.
Is Dentsu Group's Cyclically Adjusted PS Ratio too high?
Dentsu Group's current Cyclically Adjusted PS Ratio of 0.72 is 24% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.36. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.80. Dentsu Group's value of 0.72 is 9.4% below this industry median. Based on the distribution chart, Dentsu Group ranks #353 out of 734 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Dentsu Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dentsu Group's Cyclically Adjusted PS Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Dentsu Group ranks #353 out of 734 companies for Cyclically Adjusted PS Ratio. This puts Dentsu Group in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.80. Dentsu Group's value of 0.72 is 9.4% below this benchmark. Historically, Dentsu Group's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 1.36 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.80, Dentsu Group 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 PS Ratio for a Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.80, based on 734 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dentsu Group's current Cyclically Adjusted PS Ratio of 0.72 is 9.4% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dentsu Group and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dentsu Group's current Cyclically Adjusted PS Ratio is 0.72, which is 24% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dentsu Group stock overvalued right now?
Based on GuruFocus' analysis, Dentsu Group (FRA:DEN) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.45, compared to a current price of €18.10 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.72, which is 24% below median its 10-year median of 0.95 and 9.4% below the Media - Diversified industry median of 0.80. Dentsu Group's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Dentsu Group (FRA:DEN), the current Cyclically Adjusted PS Ratio is 0.72 as of Jul. 17, 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 Dentsu Group (FRA:DEN) Overvalued in 2026?

Based on GuruFocus' analysis, Dentsu Group stock appears to be undervalued. The current stock price of €18.10 is trading 19.4% below its estimated GF Value™ of €22.45. GuruFocus considers Dentsu Group to be Modestly Undervalued.

Key valuation signals for FRA:DEN:

  • Cyclically Adjusted PS Ratio: 0.72 (24% below median its 10-year median of 0.95)
  • GF Value™: €22.45 vs. price of €18.10 (19.4% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 9.4% below the Media - Diversified median (#353 of 734)

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


Dentsu Group Business Description

Address 1-8-1 Higashi Shinbashi, Minato-ku, Tokyo, JPN, 105-7001
Dentsu Group is the top advertising agency in Japan and the fifth-largest advertising network in the world. It is the oldest advertising agency in Japan, with the original company being established in 1901. Over the years, Dentsu expanded its global footprint through mergers and acquisitions. Currently, international sales account for about 60% of total revenue.
75GF Score

Get the complete analysis for FRA:DEN

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

€18.10
Price
€22.45
GF Value