Electronic Arts (HAM:ERT) Cyclically Adjusted PB Ratio: 7.67 (As of Jul. 10, 2026) — Near Median


HAM:ERT Electronic Arts Inc HAM:ERT
90 GF Score
Price €179.50
GF Value €139.40
! 5 Warning Signs
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What is Electronic Arts Cyclically Adjusted PB Ratio?

Electronic Arts HAM:ERT -0.28% 90 Cyclically Adjusted PB Ratio is 7.67 as of Jul. 10, 2026, which is 3% below its 10-year median of 7.88. GuruFocus rates HAM:ERT with a GF Score™ of 90/100 and a GF Value™ of €139.40. The stock has 5 warning signs investors should review. Among 348 Interactive Media companies, Electronic Arts ranks worse than 91.38% on this metric.

As of today (2026-07-10), Electronic Arts's current share price is €179.50. Electronic Arts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €23.41. Electronic Arts's Cyclically Adjusted PB Ratio for today is 7.67.

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

HAM:ERT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.74   Med: 7.88   Max: 14.21
Current: 7.61

During the past years, Electronic Arts's highest Cyclically Adjusted PB Ratio was 14.21. The lowest was 4.74. And the median was 7.88.

HAM:ERT's Cyclically Adjusted PB Ratio is ranked worse than
91.38% of 348 companies
in the Interactive Media industry
Industry Median: 1.51 vs HAM:ERT: 7.61

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.

Electronic Arts's adjusted book value per share data for the three months ended in Mar. 2026 was €23.337. 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 €23.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Electronic Arts  (HAM:ERT) 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.


Electronic Arts Cyclically Adjusted PB Ratio Related Terms


Electronic Arts Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Electronic Arts'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.

Electronic Arts Cyclically Adjusted PB Ratio Chart

Electronic Arts 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 7.09 5.86 5.74 5.73 7.51

Electronic Arts 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 5.73 6.21 7.72 7.75 7.51

HAM:ERT vs TTWO, RBLX, NTES: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Electronic Arts'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.


Electronic Arts Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


HAM:ERT
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Electronic Arts Inc HAM:ERT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Electronic Arts 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.

Electronic Arts's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=179.50/23.41
=7.67

* 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.

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

For example, Electronic Arts'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)
=23.337/330.2130*330.2130
=23.337

Current CPI (Mar. 2026) = 330.2130.

Electronic Arts Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.988 241.018 15.054
201609 10.716 241.428 14.657
201612 10.959 241.432 14.989
201703 12.325 243.801 16.693
201706 12.921 244.955 17.418
201709 11.953 246.819 15.992
201712 11.246 246.524 15.064
201803 12.178 249.554 16.114
201806 14.762 251.989 19.345
201809 14.989 252.439 19.607
201812 15.606 251.233 20.512
201903 15.832 254.202 20.566
201906 19.389 256.143 24.996
201909 22.182 256.759 28.528
201912 22.382 256.974 28.761
202003 23.445 258.115 29.994
202006 23.903 257.797 30.617
202009 23.640 260.280 29.992
202012 22.728 260.474 28.813
202103 23.027 264.877 28.707
202106 22.506 271.696 27.353
202109 23.513 274.310 28.305
202112 23.904 278.802 28.312
202203 24.727 287.504 28.400
202206 25.908 296.311 28.872
202209 28.433 296.808 31.633
202212 25.921 296.797 28.839
202303 24.951 301.836 27.297
202306 24.910 305.109 26.960
202309 26.304 307.789 28.220
202312 25.757 306.746 27.727
202403 25.948 312.332 27.434
202406 25.929 314.175 27.253
202409 25.364 315.301 26.564
202412 27.064 315.605 28.317
202503 23.411 319.799 24.173
202506 21.008 322.561 21.506
202509 20.502 324.800 20.844
202512 21.003 324.054 21.402
202603 23.337 330.213 23.337

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 7.67 mean?
Electronic Arts (HAM:ERT) has a Cyclically Adjusted PB Ratio of 7.67 as of Jul. 10, 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 Electronic Arts and its competitors. This is near median its historical median of 7.88. Over the past decade, Electronic Arts' Cyclically Adjusted PB Ratio has ranged from 4.74 to 14.21. According to the industry distribution chart, Electronic Arts ranks #318 out of 348 companies in the Interactive Media industry, placing it in the top 91.4%.
Is Electronic Arts' Cyclically Adjusted PB Ratio too high?
Electronic Arts' current Cyclically Adjusted PB Ratio of 7.67 is near median its 10-year median of 7.88. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 14.21. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. Electronic Arts' value of 7.67 is 407.9% above this industry median. Based on the distribution chart, Electronic Arts ranks #318 out of 348 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Electronic Arts has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Electronic Arts' Cyclically Adjusted PB Ratio compare to TTWO and RBLX?
According to the Interactive Media industry distribution chart, Electronic Arts ranks #318 out of 348 companies for Cyclically Adjusted PB Ratio. This places Electronic Arts in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Electronic Arts' value of 7.67 is 407.9% above this benchmark. Historically, Electronic Arts' own Cyclically Adjusted PB Ratio has ranged from 4.74 to 14.21 over the past decade. While the company's 10-year median is 7.88 vs. the industry median of 1.51, Electronic Arts 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 348 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. Electronic Arts's current Cyclically Adjusted PB Ratio of 7.67 is 407.9% 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 Electronic Arts 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. Electronic Arts's current Cyclically Adjusted PB Ratio is 7.67, which is near median its own 10-year median of 7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electronic Arts stock overvalued right now?
Electronic Arts (HAM:ERT) has a current Cyclically Adjusted PB Ratio of 7.67. The stock's GF Value™ is €139.40, compared to a current price of €179.50 — trading 28.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.67, which is near median its 10-year median of 7.88 and 407.9% above the Interactive Media industry median of 1.51. Electronic Arts' overall GF Score™ is 90/100 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 Electronic Arts (HAM:ERT), the current Cyclically Adjusted PB Ratio is 7.67 as of Jul. 10, 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 Electronic Arts (HAM:ERT) Overvalued in 2026?

Based on GuruFocus' analysis, Electronic Arts stock appears to be overvalued. The current stock price of €179.50 is trading 28.8% above its estimated GF Value™ of €139.40.

Key valuation signals for HAM:ERT:

  • Cyclically Adjusted PB Ratio: 7.67 (near median its 10-year median of 7.88)
  • GF Value™: €139.40 vs. price of €179.50 (28.8% above fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 407.9% above the Interactive Media median (#318 of 348)

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


Electronic Arts Business Description

Address 209 Redwood Shores Parkway, Redwood City, CA, USA, 94065
Electronic Arts is one of the largest global developers and publishers of video games. Its most important franchises are the Madden NFL and FC soccer games, which it releases annually. In 2024, it also relaunched its American college football game. Other major franchises include Apex Legends, Battlefield, and The Sims. Typically, about three-quarters of the firm's sales are from in-game spending, with the remainder coming from initial game sales.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€179.50
Price
€139.40
GF Value