CIGMF (CI Games SE) Cyclically Adjusted Book per Share: $0.22 (As of Mar. 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.

CIGMF CI Games SE CIGMF
56 GF Score
Price $0.74
GF Value $0.50
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is CI Games SE Cyclically Adjusted Book per Share?

CI Games SE CIGMF 56 Cyclically Adjusted Book per Share is $0.22 as of Mar. 2026. GuruFocus rates CIGMF with a GF Score™ of 56/100 and a GF Value™ of $0.50 (Significantly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

CI Games SE's adjusted book value per share for the three months ended in Mar. 2026 was $0.320. 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 $0.22 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CI Games SE's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of CI Games SE was 12.20% per year. The lowest was 4.00% per year. And the median was 10.70% per year.

As of today (2026-09-18), CI Games SE's current stock price is $0.742. CI Games SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.22. CI Games SE's Cyclically Adjusted PB Ratio of today is 3.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CI Games SE was 8.83. The lowest was 0.74. And the median was 2.61.


CI Games SE  (OTCPK:CIGMF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

CI Games SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.742/0.215
=3.45

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CI Games SE was 8.83. The lowest was 0.74. And the median was 2.61.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


CI Games SE Cyclically Adjusted Book per Share Related Terms


CI Games SE Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for CI Games SE's Cyclically Adjusted Book per Share 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.

CI Games SE Cyclically Adjusted Book per Share Chart

CI Games SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.19 0.20 0.20 0.21

CI Games SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 0.21 0.21 0.21 0.21 0.22

CIGMF vs NTES, TTWO, RBLX: Cyclically Adjusted Book per Share Comparison

For the Electronic Gaming & Multimedia subindustry, CI Games SE'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.


CI Games SE Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CI Games SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CI Games SE's Cyclically Adjusted PB Ratio falls into.


CIGMF
56GF Score
CI Games SE CIGMF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CI Games SE Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, CI Games SE's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.32/163.0700*163.0700
=0.320

Current CPI (Mar. 2026) = 163.0700.

CI Games SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.132 99.552 0.216
201609 0.131 99.064 0.216
201612 0.133 100.366 0.216
201703 0.131 101.018 0.211
201706 0.153 101.180 0.247
201709 0.162 101.343 0.261
201712 0.170 102.564 0.270
201803 0.174 102.564 0.277
201806 0.141 103.378 0.222
201809 0.117 103.378 0.185
201812 0.118 103.785 0.185
201903 0.090 104.274 0.141
201906 0.121 105.983 0.186
201909 0.081 105.983 0.125
201912 0.098 107.123 0.149
202003 0.091 109.076 0.136
202006 0.106 109.402 0.158
202009 0.134 109.320 0.200
202012 0.142 109.565 0.211
202103 0.137 112.658 0.198
202106 0.158 113.960 0.226
202109 0.170 115.588 0.240
202112 0.183 119.088 0.251
202203 0.183 125.031 0.239
202206 0.181 131.705 0.224
202209 0.157 135.531 0.189
202212 0.177 139.113 0.207
202303 0.180 145.950 0.201
202306 0.190 147.009 0.211
202309 0.179 146.113 0.200
202312 0.223 147.741 0.246
202403 0.210 149.044 0.230
202406 0.213 150.997 0.230
202409 0.221 153.439 0.235
202412 0.197 154.660 0.208
202503 0.211 157.021 0.219
202506 0.241 157.509 0.250
202509 0.226 158.000 0.233
202512 0.234 158.320 0.241
202603 0.320 163.070 0.320

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $0.22 mean?
CI Games SE (CIGMF) has a Cyclically Adjusted Book per Share of $0.22 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on CI Games SE and its competitors.
Is CI Games SE's Cyclically Adjusted Book per Share too high?
CI Games SE's current Cyclically Adjusted Book per Share is $0.22. Overall, CI Games SE has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CI Games SE's Cyclically Adjusted Book per Share compare to NTES and TTWO?
CI Games SE's Cyclically Adjusted Book per Share of $0.22 can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Interactive Media company?
A good Cyclically Adjusted Book per Share depends on the Interactive Media industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on CI Games SE and its competitors. CI Games SE's current Cyclically Adjusted Book per Share is $0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CI Games SE stock overvalued right now?
Based on GuruFocus' analysis, CI Games SE (CIGMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.50, compared to a current price of $0.74 — trading 48.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is $0.22. CI Games SE's overall GF Score™ is 56/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For CI Games SE (CIGMF), the current Cyclically Adjusted Book per Share is $0.22 as of Mar. 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 CI Games SE (CIGMF) Overvalued in 2026?

Based on GuruFocus' analysis, CI Games SE stock appears to be overvalued. The current stock price of $0.74 is trading 48.4% above its estimated GF Value™ of $0.50. GuruFocus considers CI Games SE to be Significantly Overvalued.

Key valuation signals for CIGMF:

  • Cyclically Adjusted Book per Share: $0.22
  • GF Value™: $0.50 vs. price of $0.74 (48.4% above fair value)
  • GF Score™: 56/100 with 8 warning signs

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


CI Games SE Business Description

Other Exchanges CIG:PolandCI7:Germany
Address Rondo Daszyńskiego 2B, Warszawa, POL, 00-843
CI Games SE is engaged in developing, producing, publishing, and distributing computer games. The company offers various games including Sniper Ghost Warrior, Alien Fear, Dogfight 1942, Farm Frenzy and Enemy Front among others.
56GF Score

Get the complete analysis for CIGMF

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

$0.74
Price
$0.50
GF Value