Prosus NV (JSE:PRX) 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.

JSE:PRX Prosus NV JSE:PRX
70 GF Score
Price R671.87
GF Value R1,563.58
Valuation Possible Value Trap
! 4 Warning Signs
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What is Prosus NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Prosus NV  (JSE:PRX) 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.


Prosus NV Cyclically Adjusted PB Ratio Related Terms


Prosus NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Prosus NV'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.

Prosus NV Cyclically Adjusted PB Ratio Chart

Prosus NV 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 - - - - 3.07

Prosus NV Semi-Annual Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 - - - - 3.07

JSE:PRX vs AMZN, BABA, PDD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, Prosus NV'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.


Prosus NV Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Prosus NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


JSE:PRX
70GF Score
Prosus NV JSE:PRX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Prosus NV 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.

Prosus NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Prosus NV's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=429.519/136.8400*136.8400
=429.519

Current CPI (Mar26) = 136.8400.

Prosus NV Annual Data

Book Value per Share CPI Adj_Book
201703 43.728 101.440 58.988
201803 81.321 102.470 108.597
201903 111.274 105.370 144.507
202003 147.786 106.850 189.266
202103 181.331 108.870 227.917
202203 238.475 119.460 273.170
202303 289.339 124.720 317.456
202403 313.330 128.580 333.458
202503 412.131 133.330 422.981
202603 429.519 136.840 429.519

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 Prosus NV (JSE:PRX) Overvalued in 2026?

Based on GuruFocus' analysis, Prosus NV stock appears to be undervalued. The current stock price of R671.87 is trading 57% below its estimated GF Value™ of R1,563.58. GuruFocus considers Prosus NV to be Possible Value Trap.

Key valuation signals for JSE:PRX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R1,563.58 vs. price of R671.87 (57% below fair value)
  • GF Score™: 70/100 with 4 warning signs

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


Prosus NV Business Description

Address Gustav Mahlerplein 5, Symphony Offices, Amsterdam, NH, NLD, 1082 MS
Prosus is a consumer internet group with listed and unlisted platforms across 100 countries. Around 80% of Prosus' net asset value is derived from its Tencent holdings, the world's largest game publisher and operator of WeChat, China's super app with 1.3 billion users. Prosus has approximately a 23% stake in Tencent. The rest of the group's businesses and investments are organized into classifieds, food delivery, payments and fintech, and edtech. This includes ownership of iFood, Brazil's largest food delivery app, and a 25% stake in Swiggy, the second-largest delivery platform in India.In 2019, Prosus was spun out of South Africa-based parent company Naspers Ltd and listed on the Euronext exchange. Naspers holds approximately 75% of Prosus' shares.
70GF Score

Get the complete analysis for JSE:PRX

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

R671.87
Price
R1,563.58
GF Value