Nation Media Group (DAR:NMG) Cyclically Adjusted PB Ratio: 0.27 (As of Aug. 22, 2026) — 36% Below Median

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.

DAR:NMG Nation Media Group PLC DAR:NMG
100 GF Score
Price TZS255.00
GF Value TZS265.86
! 3 Warning Signs
View Full Analysis

What is Nation Media Group Cyclically Adjusted PB Ratio?

Nation Media Group DAR:NMG 100 Cyclically Adjusted PB Ratio is 0.27 as of Aug. 22, 2026, which is 36% below its 10-year median of 0.42. GuruFocus rates DAR:NMG with a GF Score™ of 100/100 and a GF Value™ of TZS265.86. The stock has 3 warning signs investors should review. Among 679 Media - Diversified companies, Nation Media Group ranks better than 84.39% on this metric.

As of today (2026-08-22), Nation Media Group's current share price is TZS255.00. Nation Media Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was TZS961.77. Nation Media Group's Cyclically Adjusted PB Ratio for today is 0.27.

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

DAR:NMG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.42   Max: 2.86
Current: 0.28

During the past 13 years, Nation Media Group's highest Cyclically Adjusted PB Ratio was 2.86. The lowest was 0.21. And the median was 0.42.

DAR:NMG's Cyclically Adjusted PB Ratio is ranked better than
84.39% of 679 companies
in the Media - Diversified industry
Industry Median: 0.99 vs DAR:NMG: 0.28

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.

Nation Media Group's adjusted book value per share data of for the fiscal year that ended in Dec25 was TZS831.413. 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 TZS961.77 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nation Media Group  (DAR:NMG) 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.


Nation Media Group Cyclically Adjusted PB Ratio Related Terms


Nation Media Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nation Media 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.

Nation Media Group Cyclically Adjusted PB Ratio Chart

Nation Media Group 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 0.42 0.34 0.42 0.30 0.24

Nation Media Group Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.34 0.42 0.30 0.24

DAR:NMG vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Nation Media 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.


Nation Media Group Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nation Media Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DAR:NMG
100GF Score
Nation Media Group PLC DAR:NMG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nation Media 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.

Nation Media Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=255.00/961.77
=0.27

* 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.

Nation Media Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Nation Media Group's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=831.413/324.0540*324.0540
=831.413

Current CPI (Dec25) = 324.0540.

Nation Media Group Annual Data

Book Value per Share CPI Adj_Book
201612 854.301 241.432 1,146.657
201712 800.764 246.524 1,052.598
201812 771.715 251.233 995.400
201912 763.100 256.974 962.298
202012 775.918 260.474 965.315
202112 790.798 278.802 919.151
202212 881.041 296.797 961.953
202312 902.418 306.746 953.337
202412 862.618 315.605 885.711
202512 831.413 324.054 831.413

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 0.27 mean?
Nation Media Group (DAR:NMG) has a Cyclically Adjusted PB Ratio of 0.27 as of Aug. 22, 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 Nation Media Group and its competitors. This is 36% below median its historical median of 0.42. Over the past decade, Nation Media Group's Cyclically Adjusted PB Ratio has ranged from 0.21 to 2.86. According to the industry distribution chart, Nation Media Group ranks #106 out of 679 companies in the Media - Diversified industry, placing it in the top 15.6%.
Is Nation Media Group's Cyclically Adjusted PB Ratio too high?
Nation Media Group's current Cyclically Adjusted PB Ratio of 0.27 is 36% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 2.86. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Nation Media Group's value of 0.27 is 72.7% below this industry median. Based on the distribution chart, Nation Media Group ranks #106 out of 679 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Nation Media Group has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Nation Media Group's Cyclically Adjusted PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Nation Media Group ranks #106 out of 679 companies for Cyclically Adjusted PB Ratio. This places Nation Media Group in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.99. Nation Media Group's value of 0.27 is 72.7% below this benchmark. Historically, Nation Media Group's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 2.86 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.99, Nation Media 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 679 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. Nation Media Group's current Cyclically Adjusted PB Ratio of 0.27 is 72.7% 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 Nation Media Group and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nation Media Group's current Cyclically Adjusted PB Ratio is 0.27, which is 36% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nation Media Group stock overvalued right now?
Nation Media Group (DAR:NMG) has a current Cyclically Adjusted PB Ratio of 0.27. The stock's GF Value™ is TZS265.86, compared to a current price of TZS255.00 — trading 4.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.27, which is 36% below median its 10-year median of 0.42 and 72.7% below the Media - Diversified industry median of 0.99. Nation Media Group's overall GF Score™ is 100/100 with 3 warning signs 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 Nation Media Group (DAR:NMG), the current Cyclically Adjusted PB Ratio is 0.27 as of Aug. 22, 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 Nation Media Group (DAR:NMG) Overvalued in 2026?

Based on GuruFocus' analysis, Nation Media Group stock appears to be undervalued. The current stock price of TZS255.00 is trading 4.1% below its estimated GF Value™ of TZS265.86.

Key valuation signals for DAR:NMG:

  • Cyclically Adjusted PB Ratio: 0.27 (36% below median its 10-year median of 0.42)
  • GF Value™: TZS265.86 vs. price of TZS255.00 (4.1% below fair value)
  • GF Score™: 100/100 with 3 warning signs
  • Industry Position: 72.7% below the Media - Diversified median (#106 of 679)

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


Nation Media Group Business Description

Other Exchanges NMG:Kenya
Address Kimathi Street, P. O Box 49010, Nation Centre, Nairobi, KEN, 00100
Nation Media Group PLC is an independent media house in East and Central Africa with operations in print, broadcast and digital media which attract and serve unparalleled audiences across East Africa. It is engaged in the publication, printing and distribution of newspapers, radio and television broadcasting and digital online products, in the East African countries of Kenya, Uganda, Rwanda and Tanzania. Its segment include Newspapers and Digital incorporating sale of newspapers, advertisements published in the newspapers, advertisements in the digital platforms and subscriptions of e-paper, and Broadcasting incorporating advertisements and other content aired on television and radio. The majority of revenue is derived from Newspapers and Digital segment.
100GF Score

Get the complete analysis for DAR:NMG

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

TZS255.00
Price
TZS265.86
GF Value