Paradox Interactive AB (FRA:ETA) Cyclically Adjusted PB Ratio: 7.80 (As of Jul. 15, 2026) — 30% Below Median

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FRA:ETA Paradox Interactive AB FRA:ETA
80 GF Score
Price €11.85
GF Value €15.84
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Paradox Interactive AB Cyclically Adjusted PB Ratio?

Paradox Interactive AB FRA:ETA +0.77% 80 Cyclically Adjusted PB Ratio is 7.80 as of Jul. 15, 2026, which is 30% below its 10-year median of 11.13. GuruFocus rates FRA:ETA with a GF Score™ of 80/100 and a GF Value™ of €15.84 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 347 Interactive Media companies, Paradox Interactive AB ranks worse than 91.64% on this metric.

As of today (2026-07-15), Paradox Interactive AB's current share price is €11.85. Paradox Interactive AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.52. Paradox Interactive AB's Cyclically Adjusted PB Ratio for today is 7.80.

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

FRA:ETA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.16   Med: 11.13   Max: 14.61
Current: 7.84

During the past years, Paradox Interactive AB's highest Cyclically Adjusted PB Ratio was 14.61. The lowest was 7.16. And the median was 11.13.

FRA:ETA's Cyclically Adjusted PB Ratio is ranked worse than
91.64% of 347 companies
in the Interactive Media industry
Industry Median: 1.5 vs FRA:ETA: 7.84

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.

Paradox Interactive AB's adjusted book value per share data for the three months ended in Mar. 2026 was €2.277. 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 €1.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paradox Interactive AB  (FRA:ETA) 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.


Paradox Interactive AB Cyclically Adjusted PB Ratio Related Terms


Paradox Interactive AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Paradox Interactive AB'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.

Paradox Interactive AB Cyclically Adjusted PB Ratio Chart

Paradox Interactive AB 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 0.00 0.00 0.00 13.82 9.99

Paradox Interactive AB 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 11.98 12.22 11.09 9.99 7.35

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

For the Electronic Gaming & Multimedia subindustry, Paradox Interactive AB'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.


Paradox Interactive AB Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

* The bar in red indicates where Paradox Interactive AB's Cyclically Adjusted PB Ratio falls into.


FRA:ETA
80GF Score
Paradox Interactive AB FRA:ETA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Paradox Interactive AB 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.

Paradox Interactive AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.85/1.52
=7.80

* 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.

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

For example, Paradox Interactive AB'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)
=2.277/133.5600*133.5600
=2.277

Current CPI (Mar. 2026) = 133.5600.

Paradox Interactive AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.334 101.019 0.442
201609 0.368 101.138 0.486
201612 0.429 102.022 0.562
201703 0.466 102.022 0.610
201706 0.476 102.752 0.619
201709 0.526 103.279 0.680
201712 0.572 103.793 0.736
201803 0.662 103.962 0.850
201806 0.633 104.875 0.806
201809 0.672 105.679 0.849
201812 0.787 105.912 0.992
201903 0.817 105.886 1.031
201906 0.819 106.742 1.025
201909 0.884 107.214 1.101
201912 1.017 107.766 1.260
202003 1.098 106.563 1.376
202006 1.177 107.498 1.462
202009 1.329 107.635 1.649
202012 1.404 108.296 1.732
202103 1.482 108.360 1.827
202106 1.467 108.928 1.799
202109 1.436 110.338 1.738
202112 1.532 112.486 1.819
202203 1.649 114.825 1.918
202206 1.705 118.384 1.924
202209 1.839 122.296 2.008
202212 1.974 126.365 2.086
202303 2.045 127.042 2.150
202306 1.996 129.407 2.060
202309 2.024 130.224 2.076
202312 2.218 131.912 2.246
202403 2.309 132.205 2.333
202406 2.073 132.716 2.086
202409 2.160 132.304 2.181
202412 2.395 132.987 2.405
202503 2.613 132.825 2.627
202506 2.245 133.699 2.243
202509 2.326 133.480 2.327
202512 2.174 133.390 2.177
202603 2.277 133.560 2.277

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 7.80 mean?
Paradox Interactive AB (FRA:ETA) has a Cyclically Adjusted PB Ratio of 7.80 as of Jul. 15, 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 Paradox Interactive AB and its competitors. This is 30% below median its historical median of 11.13. Over the past decade, Paradox Interactive AB's Cyclically Adjusted PB Ratio has ranged from 7.16 to 14.61. According to the industry distribution chart, Paradox Interactive AB ranks #318 out of 347 companies in the Interactive Media industry, placing it in the top 91.6%.
Is Paradox Interactive AB's Cyclically Adjusted PB Ratio too high?
Paradox Interactive AB's current Cyclically Adjusted PB Ratio of 7.80 is 30% below median its 10-year median of 11.13. Over the past 10 years, this metric has ranged from a low of 7.16 to a high of 14.61. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.50. Paradox Interactive AB's value of 7.80 is 420% above this industry median. Based on the distribution chart, Paradox Interactive AB ranks #318 out of 347 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Paradox Interactive AB has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paradox Interactive AB's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Paradox Interactive AB ranks #318 out of 347 companies for Cyclically Adjusted PB Ratio. This places Paradox Interactive AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.50. Paradox Interactive AB's value of 7.80 is 420% above this benchmark. Historically, Paradox Interactive AB's own Cyclically Adjusted PB Ratio has ranged from 7.16 to 14.61 over the past decade. While the company's 10-year median is 11.13 vs. the industry median of 1.50, Paradox Interactive AB 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 1.50, 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. Paradox Interactive AB's current Cyclically Adjusted PB Ratio of 7.80 is 420% 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 Paradox Interactive AB and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paradox Interactive AB's current Cyclically Adjusted PB Ratio is 7.80, which is 30% below median its own 10-year median of 11.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradox Interactive AB stock overvalued right now?
Based on GuruFocus' analysis, Paradox Interactive AB (FRA:ETA) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.84, compared to a current price of €11.85 — trading 25.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.80, which is 30% below median its 10-year median of 11.13 and 420% above the Interactive Media industry median of 1.50. Paradox Interactive AB's overall GF Score™ is 80/100 with 5 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 Paradox Interactive AB (FRA:ETA), the current Cyclically Adjusted PB Ratio is 7.80 as of Jul. 15, 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 Paradox Interactive AB (FRA:ETA) Overvalued in 2026?

Based on GuruFocus' analysis, Paradox Interactive AB stock appears to be undervalued. The current stock price of €11.85 is trading 25.2% below its estimated GF Value™ of €15.84. GuruFocus considers Paradox Interactive AB to be Modestly Undervalued.

Key valuation signals for FRA:ETA:

  • Cyclically Adjusted PB Ratio: 7.80 (30% below median its 10-year median of 11.13)
  • GF Value™: €15.84 vs. price of €11.85 (25.2% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 420% above the Interactive Media median (#318 of 347)

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


Paradox Interactive AB Business Description

Address Magnus Ladulasgatan 4, Stockholm, SWE, 118 66
Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States, while it also has its presence in Sweden, Rest of Europe and Rest of the World.
80GF Score

Get the complete analysis for FRA:ETA

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

€11.85
Price
€15.84
GF Value