NEXON Co (FRA:7NX) Cyclically Adjusted PB Ratio: 2.51 (As of Aug. 11, 2026) — 36% Below Median

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FRA:7NX NEXON Co Ltd FRA:7NX
87 GF Score
Price €12.98
GF Value €18.39
! 2 Warning Signs
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What is NEXON Co Cyclically Adjusted PB Ratio?

NEXON Co FRA:7NX +1.21% 87 Cyclically Adjusted PB Ratio is 2.51 as of Aug. 11, 2026, which is 36% below its 10-year median of 3.94. GuruFocus rates FRA:7NX with a GF Score™ of 87/100 and a GF Value™ of €18.39. The stock has 2 warning signs investors should review. Among 346 Interactive Media companies, NEXON Co ranks worse than 66.76% on this metric.

As of today (2026-08-11), NEXON Co's current share price is €12.975. NEXON Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.16. NEXON Co's Cyclically Adjusted PB Ratio for today is 2.51.

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

FRA:7NX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.28   Med: 3.94   Max: 5.94
Current: 2.59

During the past years, NEXON Co's highest Cyclically Adjusted PB Ratio was 5.94. The lowest was 2.28. And the median was 3.94.

FRA:7NX's Cyclically Adjusted PB Ratio is ranked worse than
66.76% of 346 companies
in the Interactive Media industry
Industry Median: 1.505 vs FRA:7NX: 2.59

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.

NEXON Co's adjusted book value per share data for the three months ended in Mar. 2026 was €7.310. 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 €5.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NEXON Co  (FRA:7NX) 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.


NEXON Co Cyclically Adjusted PB Ratio Related Terms


NEXON Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NEXON Co'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.

NEXON Co Cyclically Adjusted PB Ratio Chart

NEXON Co 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 4.24 4.76 3.60 2.90 4.16

NEXON Co 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 2.42 3.36 3.65 4.16 3.12

FRA:7NX vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON Co'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.


NEXON Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NEXON Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where NEXON Co's Cyclically Adjusted PB Ratio falls into.


FRA:7NX
87GF Score
NEXON Co Ltd FRA:7NX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NEXON Co 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.

NEXON Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.975/5.16
=2.51

* 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.

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

For example, NEXON Co'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)
=7.31/112.7000*112.7000
=7.310

Current CPI (Mar. 2026) = 112.7000.

NEXON Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.275 98.100 3.762
201609 3.500 98.000 4.025
201612 3.504 98.400 4.013
201703 3.858 98.100 4.432
201706 3.846 98.500 4.400
201709 3.846 98.800 4.387
201712 3.954 99.400 4.483
201803 4.242 99.200 4.819
201806 4.551 99.200 5.170
201809 4.816 99.900 5.433
201812 4.864 99.700 5.498
201903 5.341 99.700 6.037
201906 5.436 99.800 6.139
201909 5.778 100.100 6.505
201912 5.796 100.500 6.500
202003 6.022 100.300 6.766
202006 6.195 99.900 6.989
202009 6.340 99.900 7.152
202012 6.338 99.300 7.193
202103 6.721 99.900 7.582
202106 6.656 99.500 7.539
202109 6.947 100.100 7.821
202112 7.302 100.100 8.221
202203 7.603 101.100 8.475
202206 7.087 101.800 7.846
202209 7.190 103.100 7.859
202212 6.976 104.100 7.552
202303 7.094 104.400 7.658
202306 7.344 105.200 7.868
202309 7.347 106.200 7.797
202312 6.782 106.800 7.157
202403 6.983 107.200 7.341
202406 7.196 108.200 7.495
202409 7.552 108.900 7.816
202412 7.688 110.700 7.827
202503 7.586 111.100 7.695
202506 7.830 111.700 7.900
202509 7.616 112.000 7.664
202512 7.319 113.000 7.300
202603 7.310 112.700 7.310

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 2.51 mean?
NEXON Co (FRA:7NX) has a Cyclically Adjusted PB Ratio of 2.51 as of Aug. 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 NEXON Co and its competitors. This is 36% below median its historical median of 3.94. Over the past decade, NEXON Co's Cyclically Adjusted PB Ratio has ranged from 2.28 to 5.94. According to the industry distribution chart, NEXON Co ranks #231 out of 346 companies in the Interactive Media industry, placing it in the top 66.8%.
Is NEXON Co's Cyclically Adjusted PB Ratio too high?
NEXON Co's current Cyclically Adjusted PB Ratio of 2.51 is 36% below median its 10-year median of 3.94. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 5.94. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. NEXON Co's value of 2.51 is 66.8% above this industry median. Based on the distribution chart, NEXON Co ranks #231 out of 346 companies in the Interactive Media industry, which is below the industry midpoint. Overall, NEXON Co has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, NEXON Co ranks #231 out of 346 companies for Cyclically Adjusted PB Ratio. This places NEXON Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. NEXON Co's value of 2.51 is 66.8% above this benchmark. Historically, NEXON Co's own Cyclically Adjusted PB Ratio has ranged from 2.28 to 5.94 over the past decade. While the company's 10-year median is 3.94 vs. the industry median of 1.51, NEXON Co 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 1.51, based on 346 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. NEXON Co's current Cyclically Adjusted PB Ratio of 2.51 is 66.8% 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 NEXON Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXON Co's current Cyclically Adjusted PB Ratio is 2.51, which is 36% below median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
NEXON Co (FRA:7NX) has a current Cyclically Adjusted PB Ratio of 2.51. The stock's GF Value™ is €18.39, compared to a current price of €12.98 — trading 29.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.51, which is 36% below median its 10-year median of 3.94 and 66.8% above the Interactive Media industry median of 1.51. NEXON Co's overall GF Score™ is 87/100 with 2 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 NEXON Co (FRA:7NX), the current Cyclically Adjusted PB Ratio is 2.51 as of Aug. 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 NEXON Co (FRA:7NX) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of €12.98 is trading 29.4% below its estimated GF Value™ of €18.39.

Key valuation signals for FRA:7NX:

  • Cyclically Adjusted PB Ratio: 2.51 (36% below median its 10-year median of 3.94)
  • GF Value™: €18.39 vs. price of €12.98 (29.4% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 66.8% above the Interactive Media median (#231 of 346)

No single metric tells the full story. See the FRA:7NX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
87GF Score

Get the complete analysis for FRA:7NX

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

€12.98
Price
€18.39
GF Value