CD Projekt (MEX:CDRN) Cyclically Adjusted Book per Share: MXN72.40 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

MEX:CDRN CD Projekt SA MEX:CDRN
68 GF Score
Price MXN777.52
GF Value MXN438.10
! 3 Warning Signs
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What is CD Projekt Cyclically Adjusted Book per Share?

CD Projekt MEX:CDRN 68 Cyclically Adjusted Book per Share is MXN72.40 as of Mar. 2026. GuruFocus rates MEX:CDRN with a GF Score™ of 68/100 and a GF Value™ of MXN438.10. The stock has 3 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.

CD Projekt's adjusted book value per share for the three months ended in Mar. 2026 was MXN158.685. 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 MXN72.40 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CD Projekt's average Cyclically Adjusted Book Growth Rate was 16.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 26.30% 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 CD Projekt was 32.20% per year. The lowest was 19.50% per year. And the median was 30.50% per year.

As of today (2026-08-11), CD Projekt's current stock price is MXN777.52. CD Projekt's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN72.40. CD Projekt's Cyclically Adjusted PB Ratio of today is 10.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CD Projekt was 77.03. The lowest was 6.66. And the median was 12.91.


CD Projekt  (MEX:CDRN) 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.

CD Projekt's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=777.52/72.40
=10.74

* 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 CD Projekt was 77.03. The lowest was 6.66. And the median was 12.91.


Be Aware

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


CD Projekt Cyclically Adjusted Book per Share Related Terms


CD Projekt Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt Cyclically Adjusted Book per Share Chart

CD Projekt 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 0.00 50.78 69.97 72.94 67.07

CD Projekt 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 69.35 53.99 57.89 67.07 72.40

MEX:CDRN vs NTES, EA, TTWO: Cyclically Adjusted Book per Share Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


MEX:CDRN
68GF Score
CD Projekt SA MEX:CDRN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt 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, CD Projekt'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)
=158.685/163.0700*163.0700
=158.685

Current CPI (Mar. 2026) = 163.0700.

CD Projekt Quarterly Data

Book Value per Share CPI Adj_Book
201606 31.774 99.552 52.047
201609 33.775 99.064 55.597
201612 37.551 100.366 61.011
201703 39.789 101.018 64.230
201706 38.490 101.180 62.033
201709 40.331 101.343 64.896
201712 42.672 102.564 67.846
201803 43.916 102.564 69.823
201806 45.446 103.378 71.687
201809 46.342 103.378 73.100
201812 48.470 103.785 76.157
201903 49.474 104.274 77.371
201906 47.140 105.983 72.532
201909 48.073 105.983 73.967
201912 53.450 107.123 81.366
202003 58.106 109.076 86.869
202006 60.933 109.402 90.824
202009 52.269 109.320 77.968
202012 100.763 109.565 149.970
202103 102.725 112.658 148.693
202106 83.302 113.960 119.200
202109 84.554 115.588 119.288
202112 87.360 119.088 119.624
202203 90.384 125.031 117.883
202206 87.770 131.705 108.672
202209 92.164 135.531 110.891
202212 94.459 139.113 110.726
202303 97.924 145.950 109.410
202306 94.568 147.009 104.900
202309 102.674 146.113 114.590
202312 111.745 147.741 123.339
202403 116.575 149.044 127.546
202406 115.518 150.997 124.754
202409 119.543 153.439 127.046
202412 128.988 154.660 136.002
202503 134.499 157.021 139.681
202506 133.816 157.509 138.540
202509 142.353 158.000 146.921
202512 152.972 158.320 157.562
202603 158.685 163.070 158.685

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 MXN72.40 mean?
CD Projekt (MEX:CDRN) has a Cyclically Adjusted Book per Share of MXN72.40 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 CD Projekt and its competitors.
Is CD Projekt's Cyclically Adjusted Book per Share too high?
CD Projekt's current Cyclically Adjusted Book per Share is MXN72.40. Overall, CD Projekt has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Cyclically Adjusted Book per Share compare to NTES and EA?
CD Projekt's Cyclically Adjusted Book per Share of MXN72.40 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 CD Projekt and its competitors. CD Projekt's current Cyclically Adjusted Book per Share is MXN72.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
CD Projekt (MEX:CDRN) has a current Cyclically Adjusted Book per Share of MXN72.40. The stock's GF Value™ is MXN438.10, compared to a current price of MXN777.52 — trading 77.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN72.40. CD Projekt's overall GF Score™ is 68/100 with 3 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 CD Projekt (MEX:CDRN), the current Cyclically Adjusted Book per Share is MXN72.40 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 CD Projekt (MEX:CDRN) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of MXN777.52 is trading 77.5% above its estimated GF Value™ of MXN438.10.

Key valuation signals for MEX:CDRN:

  • Cyclically Adjusted Book per Share: MXN72.40
  • GF Value™: MXN438.10 vs. price of MXN777.52 (77.5% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


CD Projekt Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
68GF Score

Get the complete analysis for MEX:CDRN

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

MXN777.52
Price
MXN438.10
GF Value