Sea (MEX:SEN) Cyclically Adjusted Book per Share: MXN149.64 (As of Mar. 2026)


MEX:SEN Sea Ltd MEX:SEN
84 GF Score
Price MXN1,584.00
GF Value MXN2,370.57
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Sea Cyclically Adjusted Book per Share?

Sea MEX:SEN -3.33% 84 Cyclically Adjusted Book per Share is MXN149.64 as of Mar. 2026. GuruFocus rates MEX:SEN with a GF Score™ of 84/100 and a GF Value™ of MXN2,370.57 (Significantly Undervalued). The stock has 2 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.

Sea's adjusted book value per share for the three months ended in Mar. 2026 was MXN378.421. 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 MXN149.64 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-26), Sea's current stock price is MXN1584.00. Sea's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN149.64. Sea's Cyclically Adjusted PB Ratio of today is 10.59.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Sea was 17.48. The lowest was 9.85. And the median was 10.89.


Sea  (MEX:SEN) 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.

Sea's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1584.00/149.64
=10.59

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Sea was 17.48. The lowest was 9.85. And the median was 10.89.


Be Aware

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


Sea Cyclically Adjusted Book per Share Related Terms


Sea Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Sea'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.

Sea Cyclically Adjusted Book per Share Chart

Sea 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 0.00 0.00 0.00 139.30

Sea 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 0.00 0.00 0.00 139.30 149.64

MEX:SEN vs EBAY, DASH, JD: Cyclically Adjusted Book per Share Comparison

For the Internet Retail subindustry, Sea'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.


Sea Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sea's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:SEN
84GF Score
Sea Ltd MEX:SEN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sea 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, Sea'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)
=378.421/330.2130*330.2130
=378.421

Current CPI (Mar. 2026) = 330.2130.

Sea Quarterly Data

Book Value per Share CPI Adj_Book
201512 3.877 236.525 5.413
201609 0.000 241.428 0.000
201612 -8.154 241.432 -11.152
201703 0.000 243.801 0.000
201706 -15.871 244.955 -21.395
201709 -24.247 246.819 -32.439
201712 27.500 246.524 36.836
201803 15.674 249.554 20.740
201806 13.407 251.989 17.569
201809 1.371 252.439 1.793
201812 -13.935 251.233 -18.316
201903 66.677 254.202 86.615
201906 59.438 256.143 76.626
201909 53.376 256.759 68.646
201912 47.326 256.974 60.814
202003 46.315 258.115 59.252
202006 40.406 257.797 51.756
202009 33.445 260.280 42.431
202012 131.449 260.474 166.643
202103 133.904 264.877 166.933
202106 132.548 271.696 161.096
202109 289.994 274.310 349.093
202112 272.129 278.802 322.310
202203 222.724 287.504 255.810
202206 192.436 296.311 214.453
202209 174.424 296.808 194.055
202212 197.311 296.797 219.526
202303 193.789 301.836 212.008
202306 196.275 305.109 212.424
202309 196.830 307.789 211.170
202312 195.557 306.746 210.518
202403 192.653 312.332 203.682
202406 219.050 314.175 230.232
202409 264.596 315.301 277.110
202412 296.397 315.605 310.116
202503 309.745 319.799 319.832
202506 307.772 322.561 315.073
202509 306.091 324.800 311.192
202512 369.126 324.054 376.142
202603 378.421 330.213 378.421

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 MXN149.64 mean?
Sea (MEX:SEN) has a Cyclically Adjusted Book per Share of MXN149.64 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 Sea and its competitors.
Is Sea's Cyclically Adjusted Book per Share too high?
Sea's current Cyclically Adjusted Book per Share is MXN149.64. Overall, Sea has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sea's Cyclically Adjusted Book per Share compare to EBAY and DASH?
Sea's Cyclically Adjusted Book per Share of MXN149.64 can be compared against companies in the Retail - Cyclical 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 a Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Sea and its competitors. Sea's current Cyclically Adjusted Book per Share is MXN149.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sea stock overvalued right now?
Based on GuruFocus' analysis, Sea (MEX:SEN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN2,370.57, compared to a current price of MXN1,584.00 — trading 33.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN149.64. Sea's overall GF Score™ is 84/100 with 2 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 Sea (MEX:SEN), the current Cyclically Adjusted Book per Share is MXN149.64 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 Sea (MEX:SEN) Overvalued in 2026?

Based on GuruFocus' analysis, Sea stock appears to be undervalued. The current stock price of MXN1,584.00 is trading 33.2% below its estimated GF Value™ of MXN2,370.57. GuruFocus considers Sea to be Significantly Undervalued.

Key valuation signals for MEX:SEN:

  • Cyclically Adjusted Book per Share: MXN149.64
  • GF Value™: MXN2,370.57 vs. price of MXN1,584.00 (33.2% below fair value)
  • GF Score™: 84/100 with 2 warning signs

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


Sea Business Description

Address 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.
84GF Score

Get the complete analysis for MEX:SEN

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

MXN1,584.00
Price
MXN2,370.57
GF Value