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.
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.
11 bit studiosFRA:11C +0.53%76 Cyclically Adjusted PB Ratio is 1.61 as of Aug. 05, 2026, which is 85% below its 10-year median of 10.44. GuruFocus rates FRA:11C with a GF Score™ of 76/100 and a GF Value™ of €57.39 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 347 Interactive Media companies, 11 bit studios ranks worse than 52.16% on this metric.
The historical rank and industry rank for 11 bit studios's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:11C'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.56 Med: 10.44 Max: 18.53
Current: 1.56
During the past years, 11 bit studios's highest Cyclically Adjusted PB Ratio was 18.53. The lowest was 1.56. And the median was 10.44.
FRA:11C's Cyclically Adjusted PB Ratio is ranked worse than 52.16% of 347
companies
in the Interactive Media industry
Industry Median: 1.45
vs FRA:11C: 1.56
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.
11 bit studios's adjusted book value per share data for the three months ended in Mar. 2026 was €22.500. 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 €18.74 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
11 bit studios (FRA:11C) 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.
11 bit studios Cyclically Adjusted PB Ratio Related Terms
11 bit studios Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for 11 bit studios'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.
FRA:11C vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison
For the Electronic Gaming & Multimedia subindustry, 11 bit studios'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.
11 bit studios Cyclically Adjusted PB Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, 11 bit studios's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where 11 bit studios's Cyclically Adjusted PB Ratio falls into.
11 bit studios 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.
11 bit studios's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.61 mean?
11 bit studios (FRA:11C) has a Cyclically Adjusted PB Ratio of 1.61 as of Aug. 05, 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 11 bit studios and its competitors. This is 85% below median its historical median of 10.44. Over the past decade, 11 bit studios' Cyclically Adjusted PB Ratio has ranged from 1.56 to 18.53. According to the industry distribution chart, 11 bit studios ranks #181 out of 347 companies in the Interactive Media industry, placing it in the top 52.2%.
Is 11 bit studios' Cyclically Adjusted PB Ratio too high?
11 bit studios' current Cyclically Adjusted PB Ratio of 1.61 is 85% below median its 10-year median of 10.44. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 18.53. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.45. 11 bit studios' value of 1.61 is 11% above this industry median. Based on the distribution chart, 11 bit studios ranks #181 out of 347 companies in the Interactive Media industry, which is below the industry midpoint. Overall, 11 bit studios has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 11 bit studios' Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, 11 bit studios ranks #181 out of 347 companies for Cyclically Adjusted PB Ratio. This places 11 bit studios in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. 11 bit studios' value of 1.61 is 11% above this benchmark. Historically, 11 bit studios' own Cyclically Adjusted PB Ratio has ranged from 1.56 to 18.53 over the past decade. While the company's 10-year median is 10.44 vs. the industry median of 1.45, 11 bit studios has consistently been above 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.45, based on 347 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. 11 bit studios's current Cyclically Adjusted PB Ratio of 1.61 is 11% above 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 11 bit studios and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 11 bit studios's current Cyclically Adjusted PB Ratio is 1.61, which is 85% below median its own 10-year median of 10.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 11 bit studios stock overvalued right now?
Based on GuruFocus' analysis, 11 bit studios (FRA:11C) is currently considered Significantly Undervalued. The stock's GF Value™ is €57.39, compared to a current price of €30.16 — trading 47.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is 85% below median its 10-year median of 10.44 and 11% above the Interactive Media industry median of 1.45. 11 bit studios' overall GF Score™ is 76/100 with 4 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 11 bit studios (FRA:11C), the current Cyclically Adjusted PB Ratio is 1.61 as of Aug. 05, 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 11 bit studios (FRA:11C) Overvalued in 2026?
Based on GuruFocus' analysis, 11 bit studios stock appears to be undervalued.
The current stock price of €30.16 is trading 47.4% below its estimated GF Value™ of €57.39.
GuruFocus considers 11 bit studios to be Significantly Undervalued.
Key valuation signals for FRA:11C:
Cyclically Adjusted PB Ratio: 1.61 (85% below median its 10-year median of 10.44)
GF Value™: €57.39 vs. price of €30.16 (47.4% below fair value)
Industry Position: 11% above the Interactive Media median (#181 of 347)
No single metric tells the full story. See the FRA:11C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.
76GF Score
Get the complete analysis for FRA:11C
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:11C has been successfully added to your 
