BANDAI NAMCO Holdings (FRA:N9B) Cyclically Adjusted PB Ratio: 5.00 (As of Aug. 01, 2026) — Near Median

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:N9B BANDAI NAMCO Holdings Inc FRA:N9B
95 GF Score
Price €24.69
GF Value €23.32
Valuation Fairly Valued
View Full Analysis

What is BANDAI NAMCO Holdings Cyclically Adjusted PB Ratio?

BANDAI NAMCO Holdings FRA:N9B -5.58% 95 Cyclically Adjusted PB Ratio is 5.00 as of Aug. 01, 2026, which is 9% above its 10-year median of 4.57. GuruFocus rates FRA:N9B with a GF Score™ of 95/100 and a GF Value™ of €23.32 (Fairly Valued). Among 643 Travel & Leisure companies, BANDAI NAMCO Holdings ranks worse than 85.85% on this metric.

As of today (2026-08-01), BANDAI NAMCO Holdings's current share price is €24.69. BANDAI NAMCO Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.94. BANDAI NAMCO Holdings's Cyclically Adjusted PB Ratio for today is 5.00.

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

FRA:N9B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.74   Med: 4.57   Max: 6.59
Current: 5.07

During the past years, BANDAI NAMCO Holdings's highest Cyclically Adjusted PB Ratio was 6.59. The lowest was 2.74. And the median was 4.57.

FRA:N9B's Cyclically Adjusted PB Ratio is ranked worse than
85.85% of 643 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs FRA:N9B: 5.07

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.

BANDAI NAMCO Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €7.316. 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 €4.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BANDAI NAMCO Holdings  (FRA:N9B) 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.


BANDAI NAMCO Holdings Cyclically Adjusted PB Ratio Related Terms


BANDAI NAMCO Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BANDAI NAMCO Holdings'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.

BANDAI NAMCO Holdings Cyclically Adjusted PB Ratio Chart

BANDAI NAMCO Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.41 4.39 3.88 6.09 4.26

BANDAI NAMCO Holdings 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 6.09 6.13 5.69 4.68 4.26

FRA:N9B vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, BANDAI NAMCO Holdings'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.


BANDAI NAMCO Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BANDAI NAMCO Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:N9B
95GF Score
BANDAI NAMCO Holdings Inc FRA:N9B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BANDAI NAMCO Holdings 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.

BANDAI NAMCO Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.69/4.94
=5.00

* 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.

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

For example, BANDAI NAMCO Holdings'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)
=7.316/112.7000*112.7000
=7.316

Current CPI (Mar. 2026) = 112.7000.

BANDAI NAMCO Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.075 98.100 4.681
201609 4.371 98.000 5.027
201612 4.389 98.400 5.027
201703 4.375 98.100 5.026
201706 4.250 98.500 4.863
201709 4.256 98.800 4.855
201712 4.315 99.400 4.892
201803 4.484 99.200 5.094
201806 4.473 99.200 5.082
201809 4.659 99.900 5.256
201812 4.912 99.700 5.552
201903 5.181 99.700 5.857
201906 5.168 99.800 5.836
201909 5.543 100.100 6.241
201912 5.672 100.500 6.361
202003 5.730 100.300 6.438
202006 5.520 99.900 6.227
202009 5.720 99.900 6.453
202012 5.856 99.300 6.646
202103 5.986 99.900 6.753
202106 5.892 99.500 6.674
202109 6.577 100.100 7.405
202112 6.462 100.100 7.275
202203 6.776 101.100 7.553
202206 6.355 101.800 7.035
202209 6.755 103.100 7.384
202212 6.792 104.100 7.353
202303 6.901 104.400 7.450
202306 6.459 105.200 6.919
202309 6.611 106.200 7.016
202312 6.746 106.800 7.119
202403 6.566 107.200 6.903
202406 6.374 108.200 6.639
202409 7.259 108.900 7.512
202412 7.828 110.700 7.969
202503 7.602 111.100 7.711
202506 7.381 111.700 7.447
202509 7.486 112.000 7.533
202512 7.229 113.000 7.210
202603 7.316 112.700 7.316

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 5.00 mean?
BANDAI NAMCO Holdings (FRA:N9B) has a Cyclically Adjusted PB Ratio of 5.00 as of Aug. 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 BANDAI NAMCO Holdings and its competitors. This is near median its historical median of 4.57. Over the past decade, BANDAI NAMCO Holdings' Cyclically Adjusted PB Ratio has ranged from 2.74 to 6.59. According to the industry distribution chart, BANDAI NAMCO Holdings ranks #552 out of 643 companies in the Travel & Leisure industry, placing it in the top 85.8%.
Is BANDAI NAMCO Holdings' Cyclically Adjusted PB Ratio too high?
BANDAI NAMCO Holdings' current Cyclically Adjusted PB Ratio of 5.00 is near median its 10-year median of 4.57. Over the past 10 years, this metric has ranged from a low of 2.74 to a high of 6.59. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. BANDAI NAMCO Holdings' value of 5.00 is 313.2% above this industry median. Based on the distribution chart, BANDAI NAMCO Holdings ranks #552 out of 643 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, BANDAI NAMCO Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BANDAI NAMCO Holdings' Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, BANDAI NAMCO Holdings ranks #552 out of 643 companies for Cyclically Adjusted PB Ratio. This places BANDAI NAMCO Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. BANDAI NAMCO Holdings' value of 5.00 is 313.2% above this benchmark. Historically, BANDAI NAMCO Holdings' own Cyclically Adjusted PB Ratio has ranged from 2.74 to 6.59 over the past decade. While the company's 10-year median is 4.57 vs. the industry median of 1.21, BANDAI NAMCO Holdings 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 a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.21, based on 643 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. BANDAI NAMCO Holdings's current Cyclically Adjusted PB Ratio of 5.00 is 313.2% 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 BANDAI NAMCO Holdings and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BANDAI NAMCO Holdings's current Cyclically Adjusted PB Ratio is 5.00, which is near median its own 10-year median of 4.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BANDAI NAMCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings (FRA:N9B) is currently considered Fairly Valued. The stock's GF Value™ is €23.32, compared to a current price of €24.69 — trading 5.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.00, which is near median its 10-year median of 4.57 and 313.2% above the Travel & Leisure industry median of 1.21. BANDAI NAMCO Holdings' overall GF Score™ is 95/100. 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 BANDAI NAMCO Holdings (FRA:N9B), the current Cyclically Adjusted PB Ratio is 5.00 as of Aug. 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 BANDAI NAMCO Holdings (FRA:N9B) Overvalued in 2026?

Based on GuruFocus' analysis, BANDAI NAMCO Holdings stock appears to be overvalued. The current stock price of €24.69 is trading 5.9% above its estimated GF Value™ of €23.32. GuruFocus considers BANDAI NAMCO Holdings to be Fairly Valued.

Key valuation signals for FRA:N9B:

  • Cyclically Adjusted PB Ratio: 5.00 (near median its 10-year median of 4.57)
  • GF Value™: €23.32 vs. price of €24.69 (5.9% above fair value)
  • GF Score™: 95/100
  • Industry Position: 313.2% above the Travel & Leisure median (#552 of 643)

No single metric tells the full story. See the FRA:N9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BANDAI NAMCO Holdings Business Description

Address 5-37-8 Shiba, Bandai Namco Future Research Institute, Minato-ku, Tokyo, JPN, 108-0014
Bandai Namco was established in 2005 through the merger of Bandai (established 1950), a toy manufacturer, and Namco (established 1955), a video game developer and arcade operator. Since then, Bandai Namco has emerged as one of the top entertainment companies in Japan, producing and selling games, toys, animation, and music content for a portfolio of over 400 internationally popular intellectual properties. The company's most notable franchises—Gundam, Dragon Ball, and One Piece are among the highest-grossing franchises in the world.
95GF Score

Get the complete analysis for FRA:N9B

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

€24.69
Price
€23.32
GF Value