iQIYI (FRA:IQ8) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:IQ8 iQIYI Inc FRA:IQ8
44 GF Score
Price €0.99
GF Value €1.75
Valuation Possible Value Trap
! 2 Warning Signs
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What is iQIYI Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


iQIYI  (FRA:IQ8) 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.


iQIYI Cyclically Adjusted PB Ratio Related Terms


iQIYI Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for iQIYI'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.

iQIYI Cyclically Adjusted PB Ratio Chart

iQIYI 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 - - - 2.42 1.07

iQIYI 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 1.84 2.68 1.07 0.73 0.59

FRA:IQ8 vs MCS, ANGX, RSVR: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, iQIYI'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.


iQIYI Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, iQIYI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:IQ8
44GF Score
iQIYI Inc FRA:IQ8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

iQIYI 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.

iQIYI's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, iQIYI's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=3.057/115.8323*115.8323
=3.057

Current CPI (Dec25) = 115.8323.

iQIYI Annual Data

Book Value per Share CPI Adj_Book
201612 -6.509 102.600 -7.348
201712 -5.708 104.500 -6.327
201812 7.362 106.500 8.007
201912 3.850 111.200 4.010
202012 3.166 111.500 3.289
202112 2.013 113.108 2.061
202212 1.964 115.116 1.976
202312 2.962 114.781 2.989
202412 3.349 114.893 3.376
202512 3.057 115.832 3.057

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 iQIYI (FRA:IQ8) Overvalued in 2026?

Based on GuruFocus' analysis, iQIYI stock appears to be undervalued. The current stock price of €0.99 is trading 43.7% below its estimated GF Value™ of €1.75. GuruFocus considers iQIYI to be Possible Value Trap.

Key valuation signals for FRA:IQ8:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.75 vs. price of €0.99 (43.7% below fair value)
  • GF Score™: 44/100 with 2 warning signs

No single metric tells the full story. See the FRA:IQ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


iQIYI Business Description

Other Exchanges IQ:USA0XWG:UKI1QY34:Brazil
Address No. 21, North Road of Workers\' Stadium, 4th Floor, iQIYI Youth Center, Yoolee Plaza, Chaoyang District, Beijing, CHN, 100027
Iqiyi is a leading streaming video-on-demand company in China that generates revenue mostly through a subscription basis. The platform also provides user-generated content to nonpaying users, monetized through ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes directly with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Bilibili. The company is 45% and 5% owned by Baidu and Xiaomi, respectively.
44GF Score

Get the complete analysis for FRA:IQ8

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

€0.99
Price
€1.75
GF Value