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Netflix (NEOE:NFLX) Cyclically Adjusted PB Ratio : 42.05 (As of Jun. 03, 2025)


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What is Netflix Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Netflix's current share price is C$47.10. Netflix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$1.12. Netflix's Cyclically Adjusted PB Ratio for today is 42.05.

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

NEOE:NFLX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.53   Med: 56.31   Max: 120.2
Current: 41.89

During the past years, Netflix's highest Cyclically Adjusted PB Ratio was 120.20. The lowest was 12.53. And the median was 56.31.

NEOE:NFLX's Cyclically Adjusted PB Ratio is ranked worse than
99.12% of 679 companies
in the Media - Diversified industry
Industry Median: 1.1 vs NEOE:NFLX: 41.89

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.

Netflix's adjusted book value per share data for the three months ended in Mar. 2025 was C$2.321. 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 C$1.12 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Netflix'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.

* Premium members only.

Netflix Cyclically Adjusted PB Ratio Chart

Netflix Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.49 51.69 17.78 22.36 32.77

Netflix Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 26.07 27.44 27.41 32.77 32.36

Competitive Comparison of Netflix's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Netflix'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.


Netflix's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

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

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


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Netflix 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.10/1.12
=42.05

* 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.

Netflix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Netflix's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.321/134.9266*134.9266
=2.321

Current CPI (Mar. 2025) = 134.9266.

Netflix Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.169 100.684 0.226
201509 0.193 100.392 0.259
201512 0.204 99.792 0.276
201603 0.205 100.470 0.275
201606 0.208 101.688 0.276
201609 0.221 101.861 0.293
201612 0.238 101.863 0.315
201703 0.265 102.862 0.348
201706 0.275 103.349 0.359
201709 0.270 104.136 0.350
201712 0.302 104.011 0.392
201803 0.343 105.290 0.440
201806 0.388 106.317 0.492
201809 0.429 106.507 0.543
201812 0.462 105.998 0.588
201903 0.500 107.251 0.629
201906 0.531 108.070 0.663
201909 0.594 108.329 0.740
201912 0.652 108.420 0.811
202003 0.765 108.902 0.948
202006 0.822 108.767 1.020
202009 0.886 109.815 1.089
202012 0.917 109.897 1.126
202103 1.046 111.754 1.263
202106 1.097 114.631 1.291
202109 1.255 115.734 1.463
202112 1.309 117.630 1.501
202203 1.432 121.301 1.593
202206 1.573 125.017 1.698
202209 1.763 125.227 1.900
202212 1.816 125.222 1.957
202303 1.925 127.348 2.040
202306 1.961 128.729 2.055
202309 1.958 129.860 2.034
202312 1.828 129.419 1.906
202403 1.922 131.776 1.968
202406 2.023 132.554 2.059
202409 2.063 133.029 2.092
202412 2.361 133.157 2.392
202503 2.321 134.927 2.321

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.


Netflix  (NEOE:NFLX) 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.


Netflix Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Netflix's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Netflix Business Description

Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.