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CD Projekt RedFRA:7CD +0.22%86 Cyclically Adjusted PB Ratio is 10.81 as of Sep. 01, 2026, which is 16% below its 10-year median of 12.88. GuruFocus rates FRA:7CD with a GF Score™ of 86/100 and a GF Value™ of €32.89 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 339 Interactive Media companies, CD Projekt Red ranks worse than 94.69% on this metric.
The historical rank and industry rank for CD Projekt Red's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:7CD'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.66 Med: 12.88 Max: 77.03
Current: 10.74
During the past years, CD Projekt Red's highest Cyclically Adjusted PB Ratio was 77.03. The lowest was 6.66. And the median was 12.88.
FRA:7CD's Cyclically Adjusted PB Ratio is ranked worse than 94.69% of 339
companies
in the Interactive Media industry
Industry Median: 1.47
vs FRA:7CD: 10.74
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.
CD Projekt Red's adjusted book value per share data for the three months ended in Mar. 2026 was €7.998. 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 €5.09 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
CD Projekt Red (FRA:7CD) 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.
CD Projekt Red Cyclically Adjusted PB Ratio Related Terms
CD Projekt Red Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for CD Projekt Red'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:7CD vs NTES, TTWO, RBLX: Cyclically Adjusted PB Ratio Comparison
For the Electronic Gaming & Multimedia subindustry, CD Projekt Red'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.
CD Projekt Red Cyclically Adjusted PB Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CD Projekt Red's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where CD Projekt Red's Cyclically Adjusted PB Ratio falls into.
CD Projekt Red 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.
CD Projekt Red'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 10.81 mean?
CD Projekt Red (FRA:7CD) has a Cyclically Adjusted PB Ratio of 10.81 as of Sep. 01, 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 CD Projekt Red and its competitors. This is 16% below median its historical median of 12.88. Over the past decade, CD Projekt Red's Cyclically Adjusted PB Ratio has ranged from 6.66 to 77.03. According to the industry distribution chart, CD Projekt Red ranks #321 out of 339 companies in the Interactive Media industry, placing it in the top 94.7%.
Is CD Projekt Red's Cyclically Adjusted PB Ratio too high?
CD Projekt Red's current Cyclically Adjusted PB Ratio of 10.81 is 16% below median its 10-year median of 12.88. Over the past 10 years, this metric has ranged from a low of 6.66 to a high of 77.03. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.47. CD Projekt Red's value of 10.81 is 635.4% above this industry median. Based on the distribution chart, CD Projekt Red ranks #321 out of 339 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CD Projekt Red has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's Cyclically Adjusted PB Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, CD Projekt Red ranks #321 out of 339 companies for Cyclically Adjusted PB Ratio. This places CD Projekt Red in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.47. CD Projekt Red's value of 10.81 is 635.4% above this benchmark. Historically, CD Projekt Red's own Cyclically Adjusted PB Ratio has ranged from 6.66 to 77.03 over the past decade. While the company's 10-year median is 12.88 vs. the industry median of 1.47, CD Projekt Red 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 1.47, based on 339 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. CD Projekt Red's current Cyclically Adjusted PB Ratio of 10.81 is 635.4% 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 CD Projekt Red and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt Red's current Cyclically Adjusted PB Ratio is 10.81, which is 16% below median its own 10-year median of 12.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt Red stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt Red (FRA:7CD) is currently considered Significantly Overvalued. The stock's GF Value™ is €32.89, compared to a current price of €55.02 — trading 67.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.81, which is 16% below median its 10-year median of 12.88 and 635.4% above the Interactive Media industry median of 1.47. CD Projekt Red's overall GF Score™ is 86/100 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 CD Projekt Red (FRA:7CD), the current Cyclically Adjusted PB Ratio is 10.81 as of Sep. 01, 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 CD Projekt Red (FRA:7CD) Overvalued in 2026?
Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued.
The current stock price of €55.02 is trading 67.3% above its estimated GF Value™ of €32.89.
GuruFocus considers CD Projekt Red to be Significantly Overvalued.
Key valuation signals for FRA:7CD:
Cyclically Adjusted PB Ratio: 10.81 (16% below median its 10-year median of 12.88)
GF Value™: €32.89 vs. price of €55.02 (67.3% above fair value)
Industry Position: 635.4% above the Interactive Media median (#321 of 339)
No single metric tells the full story. See the FRA:7CD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
86GF Score
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