GungHo Online Entertainment (TSE:3765) Cyclically Adjusted Book per Share: 円1,625.24 (As of Dec. 2025)

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TSE:3765 GungHo Online Entertainment Inc TSE:3765
73 GF Score
Price 円2,351.00
GF Value 円2,684.57
Valuation Modestly Undervalued
! 5 Warning Signs
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What is GungHo Online Entertainment Cyclically Adjusted Book per Share?

GungHo Online Entertainment TSE:3765 +0.17% 73 Cyclically Adjusted Book per Share is 円1,625.24 as of Dec. 2025. GuruFocus rates TSE:3765 with a GF Score™ of 73/100 and a GF Value™ of 円2,684.57 (Modestly Undervalued). The stock has 5 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.

GungHo Online Entertainment's adjusted book value per share for the three months ended in Dec. 2025 was 円2,263.677. 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 円1,625.24 for the trailing ten years ended in Dec. 2025.

During the past 12 months, GungHo Online Entertainment's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.10% 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 GungHo Online Entertainment was 21.70% per year. The lowest was 13.50% per year. And the median was 20.85% per year.

As of today (2026-07-22), GungHo Online Entertainment's current stock price is 円2351.00. GungHo Online Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円1,625.24. GungHo Online Entertainment's Cyclically Adjusted PB Ratio of today is 1.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GungHo Online Entertainment was 9.20. The lowest was 1.34. And the median was 2.49.


GungHo Online Entertainment  (TSE:3765) 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.

GungHo Online Entertainment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2351.00/1625.24
=1.45

* 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 GungHo Online Entertainment was 9.20. The lowest was 1.34. And the median was 2.49.


Be Aware

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


GungHo Online Entertainment Cyclically Adjusted Book per Share Related Terms


GungHo Online Entertainment Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for GungHo Online Entertainment'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.

GungHo Online Entertainment Cyclically Adjusted Book per Share Chart

GungHo Online Entertainment 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 905.82 1,112.52 1,299.24 1,471.42 1,625.24

GungHo Online Entertainment 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 1,497.56 1,542.64 1,581.16 1,625.24 0.00

TSE:3765 vs NTES, EA, TTWO: Cyclically Adjusted Book per Share Comparison

For the Electronic Gaming & Multimedia subindustry, GungHo Online Entertainment'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.


GungHo Online Entertainment Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3765
73GF Score
GungHo Online Entertainment Inc TSE:3765
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GungHo Online Entertainment 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, GungHo Online Entertainment's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2263.677/113.0000*113.0000
=2,263.677

Current CPI (Dec. 2025) = 113.0000.

GungHo Online Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201603 974.851 97.900 1,125.211
201606 1,052.310 98.100 1,212.141
201609 403.062 98.000 464.755
201612 552.442 98.400 634.410
201703 610.487 98.100 703.211
201706 695.235 98.500 797.579
201709 779.364 98.800 891.378
201712 844.504 99.400 960.050
201803 872.204 99.200 993.539
201806 921.106 99.200 1,049.244
201809 964.469 99.900 1,090.941
201812 1,048.307 99.700 1,188.151
201903 1,136.836 99.700 1,288.490
201906 1,161.153 99.800 1,314.732
201909 1,208.416 100.100 1,364.146
201912 1,231.079 100.500 1,384.198
202003 1,234.906 100.300 1,391.270
202006 1,305.021 99.900 1,476.150
202009 1,358.322 99.900 1,536.440
202012 1,436.893 99.300 1,635.135
202103 1,508.149 99.900 1,705.914
202106 1,605.511 99.500 1,823.344
202109 1,659.399 100.100 1,873.248
202112 1,697.964 100.100 1,916.783
202203 1,675.407 101.100 1,872.611
202206 1,744.119 101.800 1,936.006
202209 1,798.743 103.100 1,971.464
202212 1,912.578 104.100 2,076.093
202303 1,945.940 104.400 2,106.238
202306 2,048.133 105.200 2,199.991
202309 2,110.913 106.200 2,246.075
202312 2,149.652 106.800 2,274.445
202403 2,203.144 107.200 2,322.344
202406 2,279.776 108.200 2,380.912
202409 2,274.078 108.900 2,359.695
202412 2,306.951 110.700 2,354.882
202503 2,222.403 111.100 2,260.410
202506 2,253.639 111.700 2,279.868
202509 2,264.313 112.000 2,284.530
202512 2,263.677 113.000 2,263.677

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 円1,625.24 mean?
GungHo Online Entertainment (TSE:3765) has a Cyclically Adjusted Book per Share of 円1,625.24 as of Dec. 2025. 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 GungHo Online Entertainment and its competitors.
Is GungHo Online Entertainment's Cyclically Adjusted Book per Share too high?
GungHo Online Entertainment's current Cyclically Adjusted Book per Share is 円1,625.24. Overall, GungHo Online Entertainment has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GungHo Online Entertainment's Cyclically Adjusted Book per Share compare to NTES and EA?
GungHo Online Entertainment's Cyclically Adjusted Book per Share of 円1,625.24 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 GungHo Online Entertainment and its competitors. GungHo Online Entertainment's current Cyclically Adjusted Book per Share is 円1,625.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GungHo Online Entertainment stock overvalued right now?
Based on GuruFocus' analysis, GungHo Online Entertainment (TSE:3765) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,684.57, compared to a current price of 円2,351.00 — trading 12.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is 円1,625.24. GungHo Online Entertainment's overall GF Score™ is 73/100 with 5 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 GungHo Online Entertainment (TSE:3765), the current Cyclically Adjusted Book per Share is 円1,625.24 as of Dec. 2025. 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 GungHo Online Entertainment (TSE:3765) Overvalued in 2026?

Based on GuruFocus' analysis, GungHo Online Entertainment stock appears to be undervalued. The current stock price of 円2,351.00 is trading 12.4% below its estimated GF Value™ of 円2,684.57. GuruFocus considers GungHo Online Entertainment to be Modestly Undervalued.

Key valuation signals for TSE:3765:

  • Cyclically Adjusted Book per Share: 円1,625.24
  • GF Value™: 円2,684.57 vs. price of 円2,351.00 (12.4% below fair value)
  • GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the TSE:3765 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GungHo Online Entertainment Business Description

Other Exchanges GUNGF:USA
Address 1-11-1, Pacific Century Place Marunouchi, Marunouchi, Chiyodaku, Tokyo, JPN, 100-6221
GungHo Online Entertainment Inc is a Japanese company that plans, develops, publishes, and distributes online video games. Its portfolio includes games for smartphones, PCs, consoles, and handheld gaming devices. The company operates across several business segments, including the operation and distribution of smartphone games; the planning, development, and sale of console games; and the planning, development, licensing, and distribution of PC online games. Additionally, it is involved in the development and delivery of games for smartphones, consoles, and portable gaming platforms.
73GF Score

Get the complete analysis for TSE:3765

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

円2,351.00
Price
円2,684.57
GF Value