JOYY (MEX:JOYYN) Cyclically Adjusted PB Ratio: 0.75 (As of Jul. 15, 2026) — Near Median

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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.
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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.

MEX:JOYYN JOYY Inc MEX:JOYYN
81 GF Score
Price MXN1,009.00
GF Value MXN749.15
! 7 Warning Signs
View Full Analysis

What is JOYY Cyclically Adjusted PB Ratio?

JOYY MEX:JOYYN 81 Cyclically Adjusted PB Ratio is 0.75 as of Jul. 15, 2026, which is 5% below its 10-year median of 0.79. GuruFocus rates MEX:JOYYN with a GF Score™ of 81/100 and a GF Value™ of MXN749.15. The stock has 7 warning signs investors should review. Among 347 Interactive Media companies, JOYY ranks better than 61.96% on this metric.

As of today (2026-07-15), JOYY's current share price is MXN1009.00. JOYY's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN1,337.20. JOYY's Cyclically Adjusted PB Ratio for today is 0.75.

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

MEX:JOYYN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.79   Max: 3.9
Current: 0.9

During the past years, JOYY's highest Cyclically Adjusted PB Ratio was 3.90. The lowest was 0.53. And the median was 0.79.

MEX:JOYYN's Cyclically Adjusted PB Ratio is ranked better than
61.96% of 347 companies
in the Interactive Media industry
Industry Median: 1.5 vs MEX:JOYYN: 0.90

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.

JOYY's adjusted book value per share data for the three months ended in Mar. 2026 was MXN2,336.249. 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 MXN1,337.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JOYY  (MEX:JOYYN) 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.


JOYY Cyclically Adjusted PB Ratio Related Terms


JOYY Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JOYY'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.

JOYY Cyclically Adjusted PB Ratio Chart

JOYY 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 1.40 0.77 0.79 0.70 0.89

JOYY 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 0.66 0.76 0.83 0.89 0.75

MEX:JOYYN vs PPLI, ATHM, STUB: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, JOYY'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.


JOYY Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


MEX:JOYYN
81GF Score
JOYY Inc MEX:JOYYN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JOYY 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.

JOYY's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1009.00/1337.20
=0.75

* 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.

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

For example, JOYY'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)
=2336.249/330.2130*330.2130
=2,336.249

Current CPI (Mar. 2026) = 330.2130.

JOYY Quarterly Data

Book Value per Share CPI Adj_Book
201606 205.429 241.018 281.453
201609 235.867 241.428 322.607
201612 270.054 241.432 369.360
201703 277.670 243.801 376.086
201706 295.065 244.955 397.764
201709 421.239 246.819 563.565
201712 505.380 246.524 676.944
201803 522.386 249.554 691.228
201806 777.729 251.989 1,019.156
201809 758.012 252.439 991.548
201812 832.544 251.233 1,094.270
201903 1,053.234 254.202 1,368.170
201906 1,116.977 256.143 1,439.978
201909 1,132.350 256.759 1,456.294
201912 1,100.584 256.974 1,414.256
202003 1,386.326 258.115 1,773.562
202006 1,641.523 257.797 2,102.632
202009 1,692.329 260.280 2,147.030
202012 1,551.540 260.474 1,966.947
202103 1,509.600 264.877 1,881.966
202106 1,449.050 271.696 1,761.142
202109 1,477.153 274.310 1,778.189
202112 1,539.992 278.802 1,823.966
202203 1,512.889 287.504 1,737.630
202206 1,473.853 296.311 1,642.482
202209 1,576.532 296.808 1,753.967
202212 1,449.788 296.797 1,613.018
202303 1,350.178 301.836 1,477.114
202306 1,374.910 305.109 1,488.036
202309 1,449.434 307.789 1,555.033
202312 1,438.044 306.746 1,548.059
202403 1,453.500 312.332 1,536.713
202406 1,659.169 314.175 1,743.866
202409 1,886.477 315.301 1,975.697
202412 1,887.701 315.605 1,975.075
202503 2,605.036 319.799 2,689.867
202506 2,412.644 322.561 2,469.878
202509 2,370.226 324.800 2,409.727
202512 2,356.518 324.054 2,401.306
202603 2,336.249 330.213 2,336.249

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 0.75 mean?
JOYY (MEX:JOYYN) has a Cyclically Adjusted PB Ratio of 0.75 as of Jul. 15, 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 JOYY and its competitors. This is near median its historical median of 0.79. Over the past decade, JOYY's Cyclically Adjusted PB Ratio has ranged from 0.53 to 3.90. According to the industry distribution chart, JOYY ranks #132 out of 347 companies in the Interactive Media industry, placing it in the top 38%.
Is JOYY's Cyclically Adjusted PB Ratio too high?
JOYY's current Cyclically Adjusted PB Ratio of 0.75 is near median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 3.90. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.50. JOYY's value of 0.75 is 50% below this industry median. Based on the distribution chart, JOYY ranks #132 out of 347 companies in the Interactive Media industry, which is above the industry midpoint. Overall, JOYY has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does JOYY's Cyclically Adjusted PB Ratio compare to PPLI and ATHM?
According to the Interactive Media industry distribution chart, JOYY ranks #132 out of 347 companies for Cyclically Adjusted PB Ratio. This puts JOYY in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.50. JOYY's value of 0.75 is 50% below this benchmark. Historically, JOYY's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 3.90 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.50, JOYY has consistently been below 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 1.50, based on 347 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. JOYY's current Cyclically Adjusted PB Ratio of 0.75 is 50% below 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 JOYY and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JOYY's current Cyclically Adjusted PB Ratio is 0.75, which is near median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JOYY stock overvalued right now?
JOYY (MEX:JOYYN) has a current Cyclically Adjusted PB Ratio of 0.75. The stock's GF Value™ is MXN749.15, compared to a current price of MXN1,009.00 — trading 34.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.75, which is near median its 10-year median of 0.79 and 50% below the Interactive Media industry median of 1.50. JOYY's overall GF Score™ is 81/100 with 7 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 JOYY (MEX:JOYYN), the current Cyclically Adjusted PB Ratio is 0.75 as of Jul. 15, 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 JOYY (MEX:JOYYN) Overvalued in 2026?

Based on GuruFocus' analysis, JOYY stock appears to be overvalued. The current stock price of MXN1,009.00 is trading 34.7% above its estimated GF Value™ of MXN749.15.

Key valuation signals for MEX:JOYYN:

  • Cyclically Adjusted PB Ratio: 0.75 (near median its 10-year median of 0.79)
  • GF Value™: MXN749.15 vs. price of MXN1,009.00 (34.7% above fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 50% below the Interactive Media median (#132 of 347)

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


JOYY Business Description

Address 30 Pasir Panjang Road, No. 15-31A, Mapletree Business City, Singapore, SGP, 117440
JOYY Inc is a technology company. The Company operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and others. The Company operates through two segments: BIGO and All other. The BIGO segment consists of several social entertainment platforms, including Bigo Live, Likee, imo, and others. The All other segment consist of Hago, Shopline, and certain audio live streaming platforms.
81GF Score

Get the complete analysis for MEX:JOYYN

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

MXN1,009.00
Price
MXN749.15
GF Value