NEXOF (NEXON Co) Cyclically Adjusted Book per Share: $6.09 (As of Mar. 2026)


NEXOF NEXON Co Ltd NEXOF
82 GF Score
Price $14.13
GF Value $22.42
Valuation Significantly Undervalued
! 2 Warning Signs
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What is NEXON Co Cyclically Adjusted Book per Share?

NEXON Co NEXOF -11.39% 82 Cyclically Adjusted Book per Share is $6.09 as of Mar. 2026. GuruFocus rates NEXOF with a GF Score™ of 82/100 and a GF Value™ of $22.42 (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.

NEXON Co's adjusted book value per share for the three months ended in Mar. 2026 was $8.451. 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 $6.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NEXON Co's average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.90% 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 NEXON Co was 16.00% per year. The lowest was 13.90% per year. And the median was 14.95% per year.

As of today (2026-06-26), NEXON Co's current stock price is $14.134. NEXON Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.09. NEXON Co's Cyclically Adjusted PB Ratio of today is 2.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NEXON Co was 5.94. The lowest was 2.25. And the median was 4.01.


NEXON Co  (OTCPK:NEXOF) 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.

NEXON Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.134/6.09
=2.32

* 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 NEXON Co was 5.94. The lowest was 2.25. And the median was 4.01.


Be Aware

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


NEXON Co Cyclically Adjusted Book per Share Related Terms


NEXON Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for NEXON Co'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.

NEXON Co Cyclically Adjusted Book per Share Chart

NEXON Co 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 4.64 4.54 5.83 5.22 5.81

NEXON Co 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 5.00 5.95 5.65 5.81 6.09

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

For the Electronic Gaming & Multimedia subindustry, NEXON Co'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.


NEXON Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


NEXOF
82GF Score
NEXON Co Ltd NEXOF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEXON Co 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, NEXON Co'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)
=8.451/112.7000*112.7000
=8.451

Current CPI (Mar. 2026) = 112.7000.

NEXON Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.679 98.100 4.227
201609 3.928 98.000 4.517
201612 3.696 98.400 4.233
201703 4.127 98.100 4.741
201706 4.322 98.500 4.945
201709 4.583 98.800 5.228
201712 4.679 99.400 5.305
201803 5.230 99.200 5.942
201806 5.317 99.200 6.041
201809 5.619 99.900 6.339
201812 5.534 99.700 6.256
201903 6.035 99.700 6.822
201906 6.143 99.800 6.937
201909 6.364 100.100 7.165
201912 6.440 100.500 7.222
202003 6.654 100.300 7.477
202006 6.976 99.900 7.870
202009 7.467 99.900 8.424
202012 7.711 99.300 8.752
202103 8.001 99.900 9.026
202106 8.019 99.500 9.083
202109 8.173 100.100 9.202
202112 8.251 100.100 9.290
202203 8.374 101.100 9.335
202206 7.491 101.800 8.293
202209 7.119 103.100 7.782
202212 7.389 104.100 7.999
202303 7.595 104.400 8.199
202306 7.957 105.200 8.524
202309 7.841 106.200 8.321
202312 7.396 106.800 7.805
202403 7.590 107.200 7.979
202406 7.746 108.200 8.068
202409 8.381 108.900 8.673
202412 8.050 110.700 8.195
202503 8.201 111.100 8.319
202506 9.031 111.700 9.112
202509 8.939 112.000 8.995
202512 8.571 113.000 8.548
202603 8.451 112.700 8.451

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 $6.09 mean?
NEXON Co (NEXOF) has a Cyclically Adjusted Book per Share of $6.09 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 NEXON Co and its competitors.
Is NEXON Co's Cyclically Adjusted Book per Share too high?
NEXON Co's current Cyclically Adjusted Book per Share is $6.09. Overall, NEXON Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Cyclically Adjusted Book per Share compare to NTES and EA?
NEXON Co's Cyclically Adjusted Book per Share of $6.09 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 NEXON Co and its competitors. NEXON Co's current Cyclically Adjusted Book per Share is $6.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $22.42, compared to a current price of $14.13 — trading 37% below its estimated fair value. The current Cyclically Adjusted Book per Share is $6.09. NEXON Co's overall GF Score™ is 82/100 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 NEXON Co (NEXOF), the current Cyclically Adjusted Book per Share is $6.09 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 NEXON Co (NEXOF) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of $14.13 is trading 37% below its estimated GF Value™ of $22.42. GuruFocus considers NEXON Co to be Significantly Undervalued.

Key valuation signals for NEXOF:

  • Cyclically Adjusted Book per Share: $6.09
  • GF Value™: $22.42 vs. price of $14.13 (37% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
82GF Score

Get the complete analysis for NEXOF

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

$14.13
Price
$22.42
GF Value