Bilibili (FRA:71BB) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

FRA:71BB Bilibili Inc FRA:71BB
64 GF Score
Price €12.12
GF Value €16.33
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Bilibili Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bilibili  (FRA:71BB) 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 - - - 6.07 6.18

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 6.39 8.43 5.11 4.60 3.62

FRA:71BB 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.


FRA:71BB
64GF Score
Bilibili Inc FRA:71BB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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)
=4.902/116.0564*116.0564
=4.902

Current CPI (Jun. 2026) = 116.0564.

Bilibili Quarterly Data

Book Value per Share CPI Adj_Book
201609 102.400 0.000
201612 -0.476 102.600 -0.538
201703 103.200 0.000
201706 103.100 0.000
201709 -0.607 104.100 -0.677
201712 -0.655 104.500 -0.727
201803 -0.702 105.300 -0.774
201806 1.692 104.900 1.872
201809 1.667 106.600 1.815
201812 2.418 106.500 2.635
201903 2.427 107.700 2.615
201906 2.854 107.700 3.075
201909 2.740 109.800 2.896
201912 2.577 111.200 2.690
202003 2.483 112.300 2.566
202006 3.209 110.400 3.373
202009 2.779 111.700 2.887
202012 2.578 111.500 2.683
202103 8.339 112.662 8.590
202106 8.797 111.769 9.134
202109 8.289 112.215 8.573
202112 7.617 113.108 7.816
202203 7.178 114.335 7.286
202206 6.670 114.558 6.757
202209 6.196 115.339 6.235
202212 5.206 115.116 5.249
202303 5.811 115.116 5.858
202306 5.075 114.558 5.141
202309 4.868 115.339 4.898
202312 4.461 114.781 4.511
202403 4.323 115.227 4.354
202406 4.211 114.781 4.258
202409 4.232 115.785 4.242
202412 4.480 114.893 4.525
202503 4.438 115.116 4.474
202506 4.077 114.907 4.118
202509 4.389 115.471 4.411
202512 4.568 115.832 4.577
202603 4.729 116.303 4.719
202606 4.902 116.056 4.902

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 (FRA:71BB) Overvalued in 2026?

Based on GuruFocus' analysis, Bilibili stock appears to be undervalued. The current stock price of €12.12 is trading 25.8% below its estimated GF Value™ of €16.33. GuruFocus considers Bilibili to be Modestly Undervalued.

Key valuation signals for FRA:71BB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €16.33 vs. price of €12.12 (25.8% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the FRA:71BB 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.
64GF Score

Get the complete analysis for FRA:71BB

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

€12.12
Price
€16.33
GF Value