GRVY (GRAVITY Co) Cyclically Adjusted PB Ratio: 2.19 (As of Aug. 09, 2026) — 40% Below Median

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GRVY GRAVITY Co Ltd GRVY
71 GF Score
Price $68.13
GF Value $63.82
Valuation Fairly Valued
! 5 Warning Signs
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What is GRAVITY Co Cyclically Adjusted PB Ratio?

GRAVITY Co GRVY +10.78% 71 Cyclically Adjusted PB Ratio is 2.19 as of Aug. 09, 2026, which is 40% below its 10-year median of 3.67. GuruFocus rates GRVY with a GF Score™ of 71/100 and a GF Value™ of $63.82 (Fairly Valued). The stock has 5 warning signs investors should review. Among 346 Interactive Media companies, GRAVITY Co ranks worse than 63.29% on this metric.

As of today (2026-08-09), GRAVITY Co's current share price is $68.13. GRAVITY Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $31.13. GRAVITY Co's Cyclically Adjusted PB Ratio for today is 2.19.

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

GRVY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 3.67   Max: 21.04
Current: 2.19

During the past years, GRAVITY Co's highest Cyclically Adjusted PB Ratio was 21.04. The lowest was 0.20. And the median was 3.67.

GRVY's Cyclically Adjusted PB Ratio is ranked worse than
63.29% of 346 companies
in the Interactive Media industry
Industry Median: 1.505 vs GRVY: 2.19

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.

GRAVITY Co's adjusted book value per share data for the three months ended in Mar. 2026 was $64.926. 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 $31.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GRAVITY Co  (NAS:GRVY) 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.


GRAVITY Co Cyclically Adjusted PB Ratio Related Terms


GRAVITY Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GRAVITY 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.

GRAVITY Co Cyclically Adjusted PB Ratio Chart

GRAVITY 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 5.67 2.80 3.81 2.72 1.97

GRAVITY 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 2.45 2.44 2.31 1.97 1.99

GRVY vs SOHU, DDI, GDEV: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, GRAVITY 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.


GRAVITY Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


GRVY
71GF Score
GRAVITY Co Ltd GRVY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GRAVITY 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.13/31.13
=2.19

* 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.

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

For example, GRAVITY 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)
=64.926/125.2360*125.2360
=64.926

Current CPI (Mar. 2026) = 125.2360.

GRAVITY Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.367 100.791 4.184
201609 3.973 101.461 4.904
201612 3.796 101.561 4.681
201703 4.198 102.851 5.112
201706 4.667 102.611 5.696
201709 5.012 103.491 6.065
201712 5.922 102.991 7.201
201803 6.506 104.101 7.827
201806 7.190 104.130 8.647
201809 7.830 105.651 9.282
201812 9.764 104.351 11.718
201903 12.211 104.491 14.635
201906 13.108 104.881 15.652
201909 14.027 105.200 16.698
201912 14.155 105.121 16.864
202003 14.897 105.354 17.708
202006 16.631 105.112 19.815
202009 20.028 106.198 23.618
202012 23.275 105.765 27.560
202103 25.672 107.357 29.947
202106 27.727 107.579 32.278
202109 30.020 108.759 34.568
202112 29.911 109.676 34.154
202203 30.987 111.848 34.696
202206 31.768 114.072 34.877
202209 31.154 114.715 34.011
202212 36.659 115.179 39.860
202303 40.729 116.507 43.780
202306 45.792 117.182 48.939
202309 47.765 118.964 50.283
202312 51.090 118.837 53.841
202403 53.187 120.123 55.451
202406 53.081 120.007 55.394
202409 57.573 120.861 59.657
202412 56.730 121.135 58.650
202503 58.261 122.590 59.519
202506 62.823 122.611 64.168
202509 64.155 123.402 65.109
202512 62.543 123.939 63.197
202603 64.926 125.236 64.926

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 2.19 mean?
GRAVITY Co (GRVY) has a Cyclically Adjusted PB Ratio of 2.19 as of Aug. 09, 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 GRAVITY Co and its competitors. This is 40% below median its historical median of 3.67. Over the past decade, GRAVITY Co's Cyclically Adjusted PB Ratio has ranged from 0.20 to 21.04. According to the industry distribution chart, GRAVITY Co ranks #219 out of 346 companies in the Interactive Media industry, placing it in the top 63.3%.
Is GRAVITY Co's Cyclically Adjusted PB Ratio too high?
GRAVITY Co's current Cyclically Adjusted PB Ratio of 2.19 is 40% below median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 21.04. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. GRAVITY Co's value of 2.19 is 45.5% above this industry median. Based on the distribution chart, GRAVITY Co ranks #219 out of 346 companies in the Interactive Media industry, which is below the industry midpoint. Overall, GRAVITY Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GRAVITY Co's Cyclically Adjusted PB Ratio compare to SOHU and DDI?
According to the Interactive Media industry distribution chart, GRAVITY Co ranks #219 out of 346 companies for Cyclically Adjusted PB Ratio. This places GRAVITY Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. GRAVITY Co's value of 2.19 is 45.5% above this benchmark. Historically, GRAVITY Co's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 21.04 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 1.51, GRAVITY 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. GRAVITY Co's current Cyclically Adjusted PB Ratio of 2.19 is 45.5% 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 GRAVITY 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. GRAVITY Co's current Cyclically Adjusted PB Ratio is 2.19, which is 40% below median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GRAVITY Co stock overvalued right now?
Based on GuruFocus' analysis, GRAVITY Co (GRVY) is currently considered Fairly Valued. The stock's GF Value™ is $63.82, compared to a current price of $68.13 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.19, which is 40% below median its 10-year median of 3.67 and 45.5% above the Interactive Media industry median of 1.51. GRAVITY Co's overall GF Score™ is 71/100 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 GRAVITY Co (GRVY), the current Cyclically Adjusted PB Ratio is 2.19 as of Aug. 09, 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 GRAVITY Co (GRVY) Overvalued in 2026?

Based on GuruFocus' analysis, GRAVITY Co stock appears to be overvalued. The current stock price of $68.13 is trading 6.8% above its estimated GF Value™ of $63.82. GuruFocus considers GRAVITY Co to be Fairly Valued.

Key valuation signals for GRVY:

  • Cyclically Adjusted PB Ratio: 2.19 (40% below median its 10-year median of 3.67)
  • GF Value™: $63.82 vs. price of $68.13 (6.8% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 45.5% above the Interactive Media median (#219 of 346)

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


GRAVITY Co Business Description

Other Exchanges GD8A:Germany
Address 15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925
GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. The gaming products of the company include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation. Geographically, it derives maximum revenue from Taiwan.
71GF Score

Get the complete analysis for GRVY

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

$68.13
Price
$63.82
GF Value