Deutsche Boerse AG (MIL:1DB1) Cyclically Adjusted PS Ratio: (As of Jul. 23, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

MIL:1DB1 Deutsche Boerse AG MIL:1DB1
94 GF Score
Price €254.80
GF Value €218.76
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Deutsche Boerse AG Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Boerse AG  (MIL:1DB1) 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.


Deutsche Boerse AG Cyclically Adjusted PS Ratio Related Terms


Deutsche Boerse AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Deutsche Boerse AG'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.

Deutsche Boerse AG Cyclically Adjusted PS Ratio Chart

Deutsche Boerse AG 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 8.70 8.18 8.37 8.87 8.03

Deutsche Boerse AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 10.45 8.38 8.03 8.69 0.00

MIL:1DB1 vs SPGI, CME, MCO: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Deutsche Boerse AG'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.


Deutsche Boerse AG Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Deutsche Boerse AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Deutsche Boerse AG's Cyclically Adjusted PS Ratio falls into.


MIL:1DB1
94GF Score
Deutsche Boerse AG MIL:1DB1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Boerse AG 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.

Deutsche Boerse AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Deutsche Boerse AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11.139/131.3638*131.3638
=11.139

Current CPI (Jun. 2026) = 131.3638.

Deutsche Boerse AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.305 101.017 4.298
201612 3.614 101.217 4.690
201703 3.728 101.417 4.829
201706 3.743 102.117 4.815
201709 3.539 102.717 4.526
201712 3.868 102.617 4.952
201803 4.157 102.917 5.306
201806 4.185 104.017 5.285
201809 3.953 104.718 4.959
201812 4.452 104.217 5.612
201903 4.418 104.217 5.569
201906 4.441 105.718 5.518
201909 4.492 106.018 5.566
201912 4.639 105.818 5.759
202003 5.594 105.718 6.951
202006 4.859 106.618 5.987
202009 4.429 105.818 5.498
202012 5.373 105.518 6.689
202103 5.771 107.518 7.051
202106 5.790 108.486 7.011
202109 5.852 109.435 7.025
202112 6.369 110.384 7.580
202203 6.791 113.968 7.828
202206 6.698 115.760 7.601
202209 7.214 118.818 7.976
202212 7.733 119.345 8.512
202303 8.051 122.402 8.640
202306 7.884 123.140 8.410
202309 7.807 124.195 8.258
202312 9.300 123.773 9.870
202403 9.313 125.038 9.784
202406 9.509 125.882 9.923
202409 9.267 126.198 9.646
202412 10.099 127.041 10.443
202503 10.165 127.779 10.450
202506 9.808 128.412 10.033
202509 9.710 129.255 9.868
202512 10.609 129.361 10.773
202603 11.112 131.258 11.121
202606 11.139 131.364 11.139

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.

Is Deutsche Boerse AG (MIL:1DB1) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Boerse AG stock appears to be overvalued. The current stock price of €254.80 is trading 16.5% above its estimated GF Value™ of €218.76. GuruFocus considers Deutsche Boerse AG to be Modestly Overvalued.

Key valuation signals for MIL:1DB1:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €218.76 vs. price of €254.80 (16.5% above fair value)
  • GF Score™: 94/100 with 4 warning signs

No single metric tells the full story. See the MIL:1DB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deutsche Boerse AG Business Description

Address Mergenthalerallee 61, The Cube, Eschborn, Frankfurt, HE, DEU, 65760
Deutsche Börse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments are Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.
94GF Score

Get the complete analysis for MIL:1DB1

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

€254.80
Price
€218.76
GF Value