NCBDF (BANDAI NAMCO Holdings) Cyclically Adjusted Book per Share: $6.04 (As of Mar. 2026)


NCBDF BANDAI NAMCO Holdings Inc NCBDF
94 GF Score
Price $22.50
GF Value $26.39
Valuation Modestly Undervalued
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What is BANDAI NAMCO Holdings Cyclically Adjusted Book per Share?

BANDAI NAMCO Holdings NCBDF 94 Cyclically Adjusted Book per Share is $6.04 as of Mar. 2026. GuruFocus rates NCBDF with a GF Score™ of 94/100 and a GF Value™ of $26.39 (Modestly Undervalued).

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.

BANDAI NAMCO Holdings's adjusted book value per share for the three months ended in Mar. 2026 was $8.458. 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 $6.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BANDAI NAMCO Holdings's average Cyclically Adjusted Book Growth Rate was 10.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.30% 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 BANDAI NAMCO Holdings was 12.80% per year. The lowest was 7.00% per year. And the median was 11.40% per year.

As of today (2026-06-29), BANDAI NAMCO Holdings's current stock price is $22.50. BANDAI NAMCO Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.04. BANDAI NAMCO Holdings's Cyclically Adjusted PB Ratio of today is 3.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BANDAI NAMCO Holdings was 6.59. The lowest was 2.74. And the median was 4.57.


BANDAI NAMCO Holdings  (OTCPK:NCBDF) 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.

BANDAI NAMCO Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.50/6.04
=3.73

* 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 BANDAI NAMCO Holdings was 6.59. The lowest was 2.74. And the median was 4.57.


Be Aware

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


BANDAI NAMCO Holdings Cyclically Adjusted Book per Share Related Terms


BANDAI NAMCO Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for BANDAI NAMCO Holdings'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.

BANDAI NAMCO Holdings Cyclically Adjusted Book per Share Chart

BANDAI NAMCO Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.71 4.57 4.94 5.68 6.04

BANDAI NAMCO Holdings 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 5.68 5.25 5.97 5.93 6.04

NCBDF vs AS, HAS, LTH: Cyclically Adjusted Book per Share Comparison

For the Leisure subindustry, BANDAI NAMCO Holdings'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.


BANDAI NAMCO Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BANDAI NAMCO Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NCBDF
94GF Score
BANDAI NAMCO Holdings Inc NCBDF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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BANDAI NAMCO Holdings 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, BANDAI NAMCO Holdings'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)
=8.458/112.7000*112.7000
=8.458

Current CPI (Mar. 2026) = 112.7000.

BANDAI NAMCO Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.579 98.100 5.260
201609 4.905 98.000 5.641
201612 4.630 98.400 5.303
201703 4.679 98.100 5.375
201706 4.776 98.500 5.465
201709 5.073 98.800 5.787
201712 5.106 99.400 5.789
201803 5.529 99.200 6.281
201806 5.226 99.200 5.937
201809 5.437 99.900 6.134
201812 5.588 99.700 6.317
201903 5.854 99.700 6.617
201906 5.840 99.800 6.595
201909 6.105 100.100 6.873
201912 6.302 100.500 7.067
202003 6.332 100.300 7.115
202006 6.216 99.900 7.012
202009 6.738 99.900 7.601
202012 7.123 99.300 8.084
202103 7.127 99.900 8.040
202106 7.099 99.500 8.041
202109 7.737 100.100 8.711
202112 7.301 100.100 8.220
202203 7.463 101.100 8.319
202206 6.718 101.800 7.437
202209 6.688 103.100 7.311
202212 7.195 104.100 7.789
202303 7.388 104.400 7.975
202306 6.997 105.200 7.496
202309 7.056 106.200 7.488
202312 7.356 106.800 7.762
202403 7.137 107.200 7.503
202406 6.861 108.200 7.146
202409 8.057 108.900 8.338
202412 8.197 110.700 8.345
202503 8.218 111.100 8.336
202506 8.513 111.700 8.589
202509 8.787 112.000 8.842
202512 8.465 113.000 8.443
202603 8.458 112.700 8.458

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 $6.04 mean?
BANDAI NAMCO Holdings (NCBDF) has a Cyclically Adjusted Book per Share of $6.04 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 BANDAI NAMCO Holdings and its competitors.
Is BANDAI NAMCO Holdings' Cyclically Adjusted Book per Share too high?
BANDAI NAMCO Holdings' current Cyclically Adjusted Book per Share is $6.04. Overall, BANDAI NAMCO Holdings has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BANDAI NAMCO Holdings' Cyclically Adjusted Book per Share compare to AS and HAS?
BANDAI NAMCO Holdings' Cyclically Adjusted Book per Share of $6.04 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure 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 BANDAI NAMCO Holdings and its competitors. BANDAI NAMCO Holdings's current Cyclically Adjusted Book per Share is $6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BANDAI NAMCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings (NCBDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $26.39, compared to a current price of $22.50 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is $6.04. BANDAI NAMCO Holdings' overall GF Score™ is 94/100. 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 BANDAI NAMCO Holdings (NCBDF), the current Cyclically Adjusted Book per Share is $6.04 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 BANDAI NAMCO Holdings (NCBDF) Overvalued in 2026?

Based on GuruFocus' analysis, BANDAI NAMCO Holdings stock appears to be undervalued. The current stock price of $22.50 is trading 14.7% below its estimated GF Value™ of $26.39. GuruFocus considers BANDAI NAMCO Holdings to be Modestly Undervalued.

Key valuation signals for NCBDF:

  • Cyclically Adjusted Book per Share: $6.04
  • GF Value™: $26.39 vs. price of $22.50 (14.7% below fair value)
  • GF Score™: 94/100

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


BANDAI NAMCO Holdings Business Description

Address 5-37-8 Shiba, Bandai Namco Future Research Institute, Minato-ku, Tokyo, JPN, 108-0014
Bandai Namco was established in 2005 through the merger of Bandai (established 1950), a toy manufacturer, and Namco (established 1955), a video game developer and arcade operator. Since then, Bandai Namco has emerged as one of the top entertainment companies in Japan, producing and selling games, toys, animation, and music content for a portfolio of over 400 internationally popular intellectual properties. The company's most notable franchises—Gundam, Dragon Ball, and One Piece are among the highest-grossing franchises in the world.
94GF Score

Get the complete analysis for NCBDF

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

$22.50
Price
$26.39
GF Value