DSV AS (WBO:DSV) Cyclically Adjusted PS 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.
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.

WBO:DSV DSV AS WBO:DSV
83 GF Score
Price €170.35
GF Value €268.79
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is DSV AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DSV AS  (WBO:DSV) 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.


DSV AS Cyclically Adjusted PS Ratio Related Terms


DSV AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DSV AS'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.

DSV AS Cyclically Adjusted PS Ratio Chart

DSV AS 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 3.68 2.08 2.09 2.45 2.27

DSV 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 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 2.30 1.84 2.27 2.10 2.05

WBO:DSV vs UPS, FDX, EXPD: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:DSV
83GF Score
DSV AS WBO:DSV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DSV AS 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.

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

For example, DSV AS'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)
=42.988/122.9500*122.9500
=42.988

Current CPI (Jun. 2026) = 122.9500.

DSV AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.326 100.200 15.125
201612 12.627 100.300 15.478
201703 13.025 101.200 15.824
201706 13.443 101.200 16.332
201709 13.281 101.800 16.040
201712 13.642 101.300 16.558
201803 13.231 101.700 15.996
201806 14.005 102.300 16.832
201809 14.664 102.400 17.607
201812 15.367 102.100 18.505
201903 14.887 102.900 17.788
201906 14.694 102.900 17.557
201909 15.838 102.900 18.924
201912 10.853 102.900 12.968
202003 16.171 103.300 19.247
202006 16.718 103.200 19.917
202009 16.339 103.500 19.409
202012 18.357 103.400 21.828
202103 19.753 104.300 23.285
202106 22.408 105.000 26.239
202109 28.456 105.800 33.069
202112 34.284 106.600 39.542
202203 34.669 109.900 38.786
202206 36.077 113.600 39.046
202209 35.603 116.400 37.606
202212 31.124 115.900 33.017
202303 25.207 117.300 26.421
202306 23.348 116.400 24.662
202309 22.338 117.400 23.394
202312 23.137 116.700 24.376
202403 24.585 118.400 25.530
202406 26.370 118.500 27.360
202409 28.447 118.900 29.416
202412 24.831 118.900 25.677
202503 23.718 120.200 24.261
202506 35.296 120.700 35.954
202509 40.848 121.600 41.301
202512 40.292 121.180 40.881
202603 39.775 121.670 40.193
202606 42.988 122.950 42.988

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 DSV AS (WBO:DSV) Overvalued in 2026?

Based on GuruFocus' analysis, DSV AS stock appears to be undervalued. The current stock price of €170.35 is trading 36.6% below its estimated GF Value™ of €268.79. GuruFocus considers DSV AS to be Significantly Undervalued.

Key valuation signals for WBO:DSV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €268.79 vs. price of €170.35 (36.6% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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


DSV AS Business Description

Address Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, and sea, with the bulk of its activities coming from airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has experienced rapid growth, primarily through strategic acquisitions. Its most recent acquisition, DB Schenker, occurred in the second quarter of 2025, making DSV the largest sea freight forwarder.
83GF Score

Get the complete analysis for WBO:DSV

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

€170.35
Price
€268.79
GF Value