Nintendo Co (NEOE:NTDO) Cyclically Adjusted PB Ratio: 4.76 (As of Aug. 20, 2026) — Near Median

Author: Vera Yuan Vera Yuan
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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.
Reviewed by: Charlie Tian Charlie Tian
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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.

NEOE:NTDO Nintendo Co Ltd NEOE:NTDO
61 GF Score
Price C$9.05
GF Value C$13.15
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Nintendo Co Cyclically Adjusted PB Ratio?

Nintendo Co NEOE:NTDO -2.45% 61 Cyclically Adjusted PB Ratio is 4.76 as of Aug. 20, 2026, which is 1% above its 10-year median of 4.71. GuruFocus rates NEOE:NTDO with a GF Score™ of 61/100 and a GF Value™ of C$13.15 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 341 Interactive Media companies, Nintendo Co ranks worse than 85.34% on this metric.

As of today (2026-08-20), Nintendo Co's current share price is C$9.05. Nintendo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$1.90. Nintendo Co's Cyclically Adjusted PB Ratio for today is 4.76.

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

NEOE:NTDO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.28   Med: 4.71   Max: 8.8
Current: 5.08

During the past years, Nintendo Co's highest Cyclically Adjusted PB Ratio was 8.80. The lowest was 2.28. And the median was 4.71.

NEOE:NTDO's Cyclically Adjusted PB Ratio is ranked worse than
85.34% of 341 companies
in the Interactive Media industry
Industry Median: 1.43 vs NEOE:NTDO: 5.08

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.

Nintendo Co's adjusted book value per share data for the three months ended in Mar. 2026 was C$22.155. 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$1.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nintendo Co  (NEOE:NTDO) 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.


Nintendo Co Cyclically Adjusted PB Ratio Related Terms


Nintendo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nintendo 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.

Nintendo Co Cyclically Adjusted PB Ratio Chart

Nintendo Co 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 5.30 3.99 5.75 6.33 5.01

Nintendo 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 6.33 8.49 7.66 6.16 5.01

NEOE:NTDO vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Nintendo 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.


Nintendo Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


NEOE:NTDO
61GF Score
Nintendo Co Ltd NEOE:NTDO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nintendo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.05/1.90
=4.76

* 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.

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

For example, Nintendo 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)
=22.155/112.7000*112.7000
=22.155

Current CPI (Mar. 2026) = 112.7000.

Nintendo Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.142 98.100 12.800
201609 12.476 98.000 14.347
201612 12.122 98.400 13.884
201703 12.345 98.100 14.182
201706 12.291 98.500 14.063
201709 11.737 98.800 13.388
201712 12.652 99.400 14.345
201803 13.391 99.200 15.213
201806 12.940 99.200 14.701
201809 13.080 99.900 14.756
201812 14.151 99.700 15.996
201903 14.237 99.700 16.093
201906 13.875 99.800 15.668
201909 14.330 100.100 16.134
201912 15.182 100.500 17.025
202003 16.769 100.300 18.842
202006 16.432 99.900 18.537
202009 17.562 99.900 19.812
202012 17.984 99.300 20.411
202103 18.194 99.900 20.525
202106 16.809 99.500 19.039
202109 17.528 100.100 19.734
202112 18.444 100.100 20.766
202203 18.829 101.100 20.989
202206 16.710 101.800 18.499
202209 17.414 103.100 19.035
202212 18.793 104.100 20.346
202303 19.927 104.400 21.511
202306 19.057 105.200 20.416
202309 19.397 106.200 20.584
202312 19.835 106.800 20.931
202403 20.206 107.200 21.243
202406 19.289 108.200 20.091
202409 20.659 108.900 21.380
202412 21.413 110.700 21.800
202503 22.537 111.100 22.862
202506 21.950 111.700 22.147
202509 22.639 112.000 22.780
202512 22.610 113.000 22.550
202603 22.155 112.700 22.155

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 4.76 mean?
Nintendo Co (NEOE:NTDO) has a Cyclically Adjusted PB Ratio of 4.76 as of Aug. 20, 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 Nintendo Co and its competitors. This is near median its historical median of 4.71. Over the past decade, Nintendo Co's Cyclically Adjusted PB Ratio has ranged from 2.28 to 8.80. According to the industry distribution chart, Nintendo Co ranks #291 out of 341 companies in the Interactive Media industry, placing it in the top 85.3%.
Is Nintendo Co's Cyclically Adjusted PB Ratio too high?
Nintendo Co's current Cyclically Adjusted PB Ratio of 4.76 is near median its 10-year median of 4.71. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 8.80. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.43. Nintendo Co's value of 4.76 is 232.9% above this industry median. Based on the distribution chart, Nintendo Co ranks #291 out of 341 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Nintendo Co has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nintendo Co's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Nintendo Co ranks #291 out of 341 companies for Cyclically Adjusted PB Ratio. This places Nintendo Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Nintendo Co's value of 4.76 is 232.9% above this benchmark. Historically, Nintendo Co's own Cyclically Adjusted PB Ratio has ranged from 2.28 to 8.80 over the past decade. While the company's 10-year median is 4.71 vs. the industry median of 1.43, Nintendo 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 1.43, based on 341 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. Nintendo Co's current Cyclically Adjusted PB Ratio of 4.76 is 232.9% 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 Nintendo Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nintendo Co's current Cyclically Adjusted PB Ratio is 4.76, which is near median its own 10-year median of 4.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nintendo Co stock overvalued right now?
Based on GuruFocus' analysis, Nintendo Co (NEOE:NTDO) is currently considered Possible Value Trap. The stock's GF Value™ is C$13.15, compared to a current price of C$9.05 — trading 31.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.76, which is near median its 10-year median of 4.71 and 232.9% above the Interactive Media industry median of 1.43. Nintendo Co's overall GF Score™ is 61/100 with 3 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 Nintendo Co (NEOE:NTDO), the current Cyclically Adjusted PB Ratio is 4.76 as of Aug. 20, 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 Nintendo Co (NEOE:NTDO) Overvalued in 2026?

Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued. The current stock price of C$9.05 is trading 31.2% below its estimated GF Value™ of C$13.15. GuruFocus considers Nintendo Co to be Possible Value Trap.

Key valuation signals for NEOE:NTDO:

  • Cyclically Adjusted PB Ratio: 4.76 (near median its 10-year median of 4.71)
  • GF Value™: C$13.15 vs. price of C$9.05 (31.2% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 232.9% above the Interactive Media median (#291 of 341)

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


Nintendo Co Business Description

Address 11-1 Hokotate-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8501
Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years.
61GF Score

Get the complete analysis for NEOE:NTDO

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

C$9.05
Price
C$13.15
GF Value