BRAG (Bragg Gaming Group) Cyclically Adjusted PB Ratio: 0.57 (As of Jul. 11, 2026) — 55% Below Median


BRAG Bragg Gaming Group Inc BRAG
44 GF Score
Price $2.01
GF Value $4.51
Valuation Possible Value Trap
! 1 Warning Sign
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What is Bragg Gaming Group Cyclically Adjusted PB Ratio?

Bragg Gaming Group BRAG +8.65% 44 Cyclically Adjusted PB Ratio is 0.57 as of Jul. 11, 2026, which is 55% below its 10-year median of 1.27. GuruFocus rates BRAG with a GF Score™ of 44/100 and a GF Value™ of $4.51 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 649 Travel & Leisure companies, Bragg Gaming Group ranks better than 75.19% on this metric.

As of today (2026-07-11), Bragg Gaming Group's current share price is $2.01. Bragg Gaming Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $3.55. Bragg Gaming Group's Cyclically Adjusted PB Ratio for today is 0.57.

The historical rank and industry rank for Bragg Gaming Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

BRAG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.27   Max: 6.6
Current: 0.53

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

BRAG's Cyclically Adjusted PB Ratio is ranked better than
75.19% of 649 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs BRAG: 0.53

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 adjusted book value per share data for the three months ended in Mar. 2026 was $2.803. 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 $3.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bragg Gaming Group  (NAS:BRAG) 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.


Bragg Gaming Group Cyclically Adjusted PB Ratio Related Terms


Bragg Gaming Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bragg Gaming Group'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.

Bragg Gaming Group Cyclically Adjusted PB Ratio Chart

Bragg Gaming Group Annual Data
Trend Jan16 Jan17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.24 0.98 1.18 0.98 0.58

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 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 1.11 1.13 0.83 0.58 0.49

BRAG vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio 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.


BRAG
44GF Score
Bragg Gaming Group Inc BRAG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bragg Gaming Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.01/3.55
=0.57

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

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)
=2.803/132.2623*132.2623
=2.803

Current CPI (Mar. 2026) = 132.2623.

Bragg Gaming Group Quarterly Data

Book Value per Share CPI Adj_Book
201604 1.651 101.370 2.154
201607 0.432 101.844 0.561
201610 4.765 102.002 6.179
201701 3.198 102.318 4.134
201706 9.734 103.029 12.496
201709 9.634 103.345 12.330
201712 9.022 103.345 11.547
201803 3.904 105.004 4.917
201806 3.694 105.557 4.629
201809 0.859 105.636 1.076
201812 3.701 105.399 4.644
201903 2.112 106.979 2.611
201906 1.642 107.690 2.017
201909 1.632 107.611 2.006
201912 0.920 107.769 1.129
202003 0.137 107.927 0.168
202006 0.081 108.401 0.099
202009 -0.346 108.164 -0.423
202012 3.702 108.559 4.510
202103 3.206 110.298 3.844
202106 4.125 111.720 4.883
202109 3.898 112.905 4.566
202112 3.745 113.774 4.354
202203 3.699 117.646 4.159
202206 3.570 120.806 3.909
202209 3.393 120.648 3.720
202212 3.490 120.964 3.816
202303 3.521 122.702 3.795
202306 3.497 124.203 3.724
202309 3.315 125.230 3.501
202312 3.330 125.072 3.521
202403 3.240 126.258 3.394
202406 3.093 127.522 3.208
202409 3.135 127.285 3.258
202412 3.073 127.364 3.191
202503 3.012 129.181 3.084
202506 3.031 129.892 3.086
202509 2.953 130.287 2.998
202512 2.873 130.366 2.915
202603 2.803 132.262 2.803

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.

What does a Cyclically Adjusted PB Ratio of 0.57 mean?
Bragg Gaming Group (BRAG) has a Cyclically Adjusted PB Ratio of 0.57 as of Jul. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Bragg Gaming Group and its competitors. This is 55% below median its historical median of 1.27. Over the past decade, Bragg Gaming Group's Cyclically Adjusted PB Ratio has ranged from 0.41 to 6.60. According to the industry distribution chart, Bragg Gaming Group ranks #161 out of 649 companies in the Travel & Leisure industry, placing it in the top 24.8%.
Is Bragg Gaming Group's Cyclically Adjusted PB Ratio too high?
Bragg Gaming Group's current Cyclically Adjusted PB Ratio of 0.57 is 55% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 6.60. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Bragg Gaming Group's value of 0.57 is 53.7% below this industry median. Based on the distribution chart, Bragg Gaming Group ranks #161 out of 649 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Bragg Gaming Group has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bragg Gaming Group's Cyclically Adjusted PB Ratio compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Bragg Gaming Group ranks #161 out of 649 companies for Cyclically Adjusted PB Ratio. This places Bragg Gaming Group in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.23. Bragg Gaming Group's value of 0.57 is 53.7% below this benchmark. Historically, Bragg Gaming Group's own Cyclically Adjusted PB Ratio has ranged from 0.41 to 6.60 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.23, Bragg Gaming Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bragg Gaming Group's current Cyclically Adjusted PB Ratio of 0.57 is 53.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Bragg Gaming Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bragg Gaming Group's current Cyclically Adjusted PB Ratio is 0.57, which is 55% below median its own 10-year median of 1.27. 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 (BRAG) is currently considered Possible Value Trap. The stock's GF Value™ is $4.51, compared to a current price of $2.01 — trading 55.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.57, which is 55% below median its 10-year median of 1.27 and 53.7% below the Travel & Leisure industry median of 1.23. Bragg Gaming Group's overall GF Score™ is 44/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Bragg Gaming Group (BRAG), the current Cyclically Adjusted PB Ratio is 0.57 as of Jul. 11, 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 (BRAG) Overvalued in 2026?

Based on GuruFocus' analysis, Bragg Gaming Group stock appears to be undervalued. The current stock price of $2.01 is trading 55.4% below its estimated GF Value™ of $4.51. GuruFocus considers Bragg Gaming Group to be Possible Value Trap.

Key valuation signals for BRAG:

  • Cyclically Adjusted PB Ratio: 0.57 (55% below median its 10-year median of 1.27)
  • GF Value™: $4.51 vs. price of $2.01 (55.4% below fair value)
  • GF Score™: 44/100 with 1 warning sign
  • Industry Position: 53.7% below the Travel & Leisure median (#161 of 649)

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


Bragg Gaming Group Business Description

Other Exchanges SL4:GermanyBRAG: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.
44GF Score

Get the complete analysis for BRAG

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

$2.01
Price
$4.51
GF Value