Bragg Gaming Group (STU:SL4) Cyclically Adjusted Book per Share: €3.13 (As of Mar. 2026)


STU:SL4 Bragg Gaming Group Inc STU:SL4
43 GF Score
Price €1.48
GF Value €3.91
Valuation Possible Value Trap
! 1 Warning Sign
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What is Bragg Gaming Group Cyclically Adjusted Book per Share?

Bragg Gaming Group STU:SL4 -0.67% 43 Cyclically Adjusted Book per Share is €3.13 as of Mar. 2026. GuruFocus rates STU:SL4 with a GF Score™ of 43/100 and a GF Value™ of €3.91 (Possible Value Trap). The stock has 1 warning sign 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.

Bragg Gaming Group's adjusted book value per share for the three months ended in Mar. 2026 was €2.424. 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 €3.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bragg Gaming Group's average Cyclically Adjusted Book Growth Rate was -7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -14.30% 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 Bragg Gaming Group was 16.90% per year. The lowest was -53.00% per year. And the median was -1.00% per year.

As of today (2026-07-03), Bragg Gaming Group's current stock price is €1.48. Bragg Gaming Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.13. Bragg Gaming Group's Cyclically Adjusted PB Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bragg Gaming Group was 6.60. The lowest was 0.41. And the median was 1.27.


Bragg Gaming Group  (STU:SL4) 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.

Bragg Gaming Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.48/3.13
=0.47

* 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 Bragg Gaming Group was 6.60. The lowest was 0.41. And the median was 1.27.


Be Aware

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


Bragg Gaming Group Cyclically Adjusted Book per Share Related Terms


Bragg Gaming Group Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bragg Gaming Group'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.

Bragg Gaming Group Cyclically Adjusted Book per Share Chart

Bragg Gaming Group Annual Data
Trend Jan16 Jan17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 3.74 3.89 3.37 2.88

Bragg Gaming Group 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 3.47 3.17 3.19 2.88 3.13

STU:SL4 vs FLUT, DKNG, SGHC: Cyclically Adjusted Book per Share Comparison

For the Gambling subindustry, Bragg Gaming Group'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.


Bragg Gaming Group Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


STU:SL4
43GF Score
Bragg Gaming Group Inc STU:SL4
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bragg Gaming Group 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, Bragg Gaming Group'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)
=2.424/132.2600*132.2600
=2.424

Current CPI (Mar. 2026) = 132.2600.

Bragg Gaming Group Quarterly Data

Book Value per Share CPI Adj_Book
201604 1.454 101.370 1.897
201607 0.392 101.844 0.509
201610 4.328 102.002 5.612
201701 3.006 102.318 3.886
201706 8.663 103.029 11.121
201709 8.083 103.345 10.345
201712 7.623 103.345 9.756
201803 3.166 105.004 3.988
201806 3.162 105.557 3.962
201809 0.736 105.636 0.921
201812 3.253 105.399 4.082
201903 1.869 106.979 2.311
201906 1.453 107.690 1.785
201909 1.482 107.611 1.821
201912 0.828 107.769 1.016
202003 0.124 107.927 0.152
202006 0.072 108.401 0.088
202009 -0.294 108.164 -0.359
202012 3.043 108.559 3.707
202103 2.693 110.298 3.229
202106 3.424 111.720 4.054
202109 3.313 112.905 3.881
202112 3.314 113.774 3.852
202203 3.359 117.646 3.776
202206 3.377 120.806 3.697
202209 3.427 120.648 3.757
202212 3.294 120.964 3.602
202303 3.288 122.702 3.544
202306 3.228 124.203 3.437
202309 3.106 125.230 3.280
202312 3.054 125.072 3.230
202403 2.981 126.258 3.123
202406 2.874 127.522 2.981
202409 2.825 127.285 2.935
202412 2.935 127.364 3.048
202503 2.786 129.181 2.852
202506 2.628 129.892 2.676
202509 2.516 130.290 2.554
202512 2.454 130.370 2.490
202603 2.424 132.260 2.424

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 €3.13 mean?
Bragg Gaming Group (STU:SL4) has a Cyclically Adjusted Book per Share of €3.13 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 Bragg Gaming Group and its competitors.
Is Bragg Gaming Group's Cyclically Adjusted Book per Share too high?
Bragg Gaming Group's current Cyclically Adjusted Book per Share is €3.13. Overall, Bragg Gaming Group has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bragg Gaming Group's Cyclically Adjusted Book per Share compare to FLUT and DKNG?
Bragg Gaming Group's Cyclically Adjusted Book per Share of €3.13 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 Bragg Gaming Group and its competitors. Bragg Gaming Group's current Cyclically Adjusted Book per Share is €3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bragg Gaming Group stock overvalued right now?
Based on GuruFocus' analysis, Bragg Gaming Group (STU:SL4) is currently considered Possible Value Trap. The stock's GF Value™ is €3.91, compared to a current price of €1.48 — trading 62.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is €3.13. Bragg Gaming Group's overall GF Score™ is 43/100 with 1 warning sign 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 Bragg Gaming Group (STU:SL4), the current Cyclically Adjusted Book per Share is €3.13 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 Bragg Gaming Group (STU:SL4) Overvalued in 2026?

Based on GuruFocus' analysis, Bragg Gaming Group stock appears to be undervalued. The current stock price of €1.48 is trading 62.1% below its estimated GF Value™ of €3.91. GuruFocus considers Bragg Gaming Group to be Possible Value Trap.

Key valuation signals for STU:SL4:

  • Cyclically Adjusted Book per Share: €3.13
  • GF Value™: €3.91 vs. price of €1.48 (62.1% below fair value)
  • GF Score™: 43/100 with 1 warning sign

No single metric tells the full story. See the STU:SL4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bragg Gaming Group Business Description

Other Exchanges BRAG:USABRAG:Canada
Address 130 King Street West, Suite 1955, Exchange Tower, Toronto, ON, CAN, M5X 1E3
Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from Malta, and the rest from Netherlands, Curacao, the United States, Croatia, Marshall Islands, Brazil, Isle of Man, Belgium, Czech Republic, and other regions.
43GF Score

Get the complete analysis for STU:SL4

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

€1.48
Price
€3.91
GF Value