BLBLF (Bilibili) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BLBLF Bilibili Inc BLBLF
66 GF Score
Price $15.13
GF Value $31.03
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Bilibili Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bilibili  (OTCPK:BLBLF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Bilibili Cyclically Adjusted PB Ratio Related Terms


Bilibili Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bilibili's Cyclically Adjusted PB Ratio 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.

Bilibili Cyclically Adjusted PB Ratio Chart

Bilibili Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 6.31 6.00

Bilibili Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 6.04 7.08 4.98 5.63 5.61

BLBLF vs BZ, ZG, SNAP: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Bilibili'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.


Bilibili Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


BLBLF
66GF Score
Bilibili Inc BLBLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bilibili Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Bilibili's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bilibili's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.604/116.0564*116.0564
=5.604

Current CPI (Jun. 2026) = 116.0564.

Bilibili Quarterly Data

Book Value per Share CPI Adj_Book
201609 102.400 0.000
201612 -0.502 102.600 -0.568
201703 103.200 0.000
201706 103.100 0.000
201709 -0.717 104.100 -0.799
201712 -0.786 104.500 -0.873
201803 -0.863 105.300 -0.951
201806 1.976 104.900 2.186
201809 1.936 106.600 2.108
201812 2.764 106.500 3.012
201903 2.725 107.700 2.936
201906 3.250 107.700 3.502
201909 2.987 109.800 3.157
201912 2.893 111.200 3.019
202003 2.725 112.300 2.816
202006 3.604 110.400 3.789
202009 3.259 111.700 3.386
202012 3.154 111.500 3.283
202103 9.800 112.662 10.095
202106 10.433 111.769 10.833
202109 9.607 112.215 9.936
202112 8.662 113.108 8.888
202203 7.987 114.335 8.107
202206 6.973 114.558 7.064
202209 6.070 115.339 6.108
202212 5.556 115.116 5.601
202303 6.314 115.116 6.366
202306 5.536 114.558 5.608
202309 5.154 115.339 5.186
202312 4.928 114.781 4.983
202403 4.668 115.227 4.702
202406 4.514 114.781 4.564
202409 4.723 115.785 4.734
202412 4.639 114.893 4.686
202503 4.794 115.116 4.833
202506 4.786 114.907 4.834
202509 5.157 115.471 5.183
202512 5.365 115.832 5.375
202603 5.448 116.303 5.436
202606 5.604 116.056 5.604

Add all the adjusted book value per share together and divide the count will get our 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.

Is Bilibili (BLBLF) Overvalued in 2026?

Based on GuruFocus' analysis, Bilibili stock appears to be undervalued. The current stock price of $15.13 is trading 51.2% below its estimated GF Value™ of $31.03. GuruFocus considers Bilibili to be Significantly Undervalued.

Key valuation signals for BLBLF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $31.03 vs. price of $15.13 (51.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Bilibili Business Description

Address No. 485 Zhengli Road, Building 3, Guozheng Center, Yangpu District, Shanghai, CHN
Bilibili is a Chinese online entertainment platform best known for its YouTube-like video-sharing service. Founded in 2009, it initially focused on long-form content centered around anime, comics, and gaming, or ACG, catering primarily to Generation Z users. Over time, the platform has expanded its content ecosystem to cover a broader range of interests, successfully attracting a more diverse audience beyond its original Gen Z base.
66GF Score

Get the complete analysis for BLBLF

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

$15.13
Price
$31.03
GF Value