Nintendo Co (FRA:NTO) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:NTO Nintendo Co Ltd FRA:NTO
75 GF Score
Price €46.09
GF Value €68.64
Valuation Possible Value Trap
! 3 Warning Signs
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What is Nintendo Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nintendo Co  (FRA:NTO) 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.


Nintendo Co Cyclically Adjusted PB Ratio Related Terms


Nintendo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nintendo 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.

Nintendo Co Cyclically Adjusted PB Ratio Chart

Nintendo Co 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 4.83 3.48 4.48 5.21 3.80

Nintendo Co 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 6.92 6.01 4.68 3.94 2.96

FRA:NTO vs NTES, TTWO, RBLX: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Nintendo 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.


Nintendo Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


FRA:NTO
75GF Score
Nintendo Co Ltd FRA:NTO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nintendo 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.

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

For example, Nintendo Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=13.626/113.6000*113.6000
=13.626

Current CPI (Jun. 2026) = 113.6000.

Nintendo Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.514 98.000 9.869
201612 8.570 98.400 9.894
201703 8.738 98.100 10.119
201706 8.020 98.500 9.249
201709 7.984 98.800 9.180
201712 8.305 99.400 9.491
201803 8.424 99.200 9.647
201806 8.420 99.200 9.642
201809 8.554 99.900 9.727
201812 9.454 99.700 10.772
201903 9.556 99.700 10.888
201906 9.198 99.800 10.470
201909 9.879 100.100 11.211
201912 10.312 100.500 11.656
202003 10.920 100.300 12.368
202006 10.767 99.900 12.244
202009 11.328 99.900 12.881
202012 11.538 99.300 13.200
202103 12.117 99.900 13.779
202106 11.508 99.500 13.139
202109 11.786 100.100 13.376
202112 12.528 100.100 14.218
202203 13.060 101.100 14.675
202206 12.311 101.800 13.738
202209 13.193 103.100 14.537
202212 13.255 104.100 14.465
202303 13.463 104.400 14.649
202306 12.865 105.200 13.892
202309 13.421 106.200 14.356
202312 13.676 106.800 14.547
202403 13.689 107.200 14.506
202406 12.893 108.200 13.536
202409 13.663 108.900 14.253
202412 14.212 110.700 14.584
202503 14.492 111.100 14.818
202506 13.690 111.700 13.923
202509 13.950 112.000 14.149
202512 13.887 113.000 13.961
202603 13.985 112.700 14.097
202606 13.626 113.600 13.626

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 Nintendo Co (FRA:NTO) Overvalued in 2026?

Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued. The current stock price of €46.09 is trading 32.9% below its estimated GF Value™ of €68.64. GuruFocus considers Nintendo Co to be Possible Value Trap.

Key valuation signals for FRA:NTO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €68.64 vs. price of €46.09 (32.9% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Nintendo Co Business Description

Address 11-1 Hokotate-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8501
Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years.
75GF Score

Get the complete analysis for FRA:NTO

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

€46.09
Price
€68.64
GF Value