NEXOF (NEXON Co) Cyclically Adjusted PB Ratio: 2.32 (As of Jul. 04, 2026) — 42% Below Median


NEXOF NEXON Co Ltd NEXOF
82 GF Score
Price $14.13
GF Value $22.28
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is NEXON Co Cyclically Adjusted PB Ratio?

NEXON Co NEXOF -11.39% 82 Cyclically Adjusted PB Ratio is 2.32 as of Jul. 04, 2026, which is 42% below its 10-year median of 4.01. GuruFocus rates NEXOF with a GF Score™ of 82/100 and a GF Value™ of $22.28 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 348 Interactive Media companies, NEXON Co ranks worse than 65.23% on this metric.

As of today (2026-07-04), NEXON Co's current share price is $14.134. NEXON Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.09. NEXON Co's Cyclically Adjusted PB Ratio for today is 2.32.

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

NEXOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.28   Med: 4.01   Max: 5.94
Current: 2.28

During the past years, NEXON Co's highest Cyclically Adjusted PB Ratio was 5.94. The lowest was 2.28. And the median was 4.01.

NEXOF's Cyclically Adjusted PB Ratio is ranked worse than
65.23% of 348 companies
in the Interactive Media industry
Industry Median: 1.445 vs NEXOF: 2.28

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.

NEXON Co's adjusted book value per share data for the three months ended in Mar. 2026 was $8.451. 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 $6.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NEXON Co  (OTCPK:NEXOF) 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.


NEXON Co Cyclically Adjusted PB Ratio Related Terms


NEXON Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NEXON 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.

NEXON Co Cyclically Adjusted PB Ratio Chart

NEXON Co 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 4.24 4.76 3.60 2.90 4.16

NEXON 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 2.42 3.36 3.65 4.16 3.12

NEXOF vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON 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.


NEXON Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


NEXOF
82GF Score
NEXON Co Ltd NEXOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEXON 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.134/6.09
=2.32

* 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.

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

For example, NEXON 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)
=8.451/112.7000*112.7000
=8.451

Current CPI (Mar. 2026) = 112.7000.

NEXON Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.679 98.100 4.227
201609 3.928 98.000 4.517
201612 3.696 98.400 4.233
201703 4.127 98.100 4.741
201706 4.322 98.500 4.945
201709 4.583 98.800 5.228
201712 4.679 99.400 5.305
201803 5.230 99.200 5.942
201806 5.317 99.200 6.041
201809 5.619 99.900 6.339
201812 5.534 99.700 6.256
201903 6.035 99.700 6.822
201906 6.143 99.800 6.937
201909 6.364 100.100 7.165
201912 6.440 100.500 7.222
202003 6.654 100.300 7.477
202006 6.976 99.900 7.870
202009 7.467 99.900 8.424
202012 7.711 99.300 8.752
202103 8.001 99.900 9.026
202106 8.019 99.500 9.083
202109 8.173 100.100 9.202
202112 8.251 100.100 9.290
202203 8.374 101.100 9.335
202206 7.491 101.800 8.293
202209 7.119 103.100 7.782
202212 7.389 104.100 7.999
202303 7.595 104.400 8.199
202306 7.957 105.200 8.524
202309 7.841 106.200 8.321
202312 7.396 106.800 7.805
202403 7.590 107.200 7.979
202406 7.746 108.200 8.068
202409 8.381 108.900 8.673
202412 8.050 110.700 8.195
202503 8.201 111.100 8.319
202506 9.031 111.700 9.112
202509 8.939 112.000 8.995
202512 8.571 113.000 8.548
202603 8.451 112.700 8.451

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 2.32 mean?
NEXON Co (NEXOF) has a Cyclically Adjusted PB Ratio of 2.32 as of Jul. 04, 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 NEXON Co and its competitors. This is 42% below median its historical median of 4.01. Over the past decade, NEXON Co's Cyclically Adjusted PB Ratio has ranged from 2.28 to 5.94. According to the industry distribution chart, NEXON Co ranks #227 out of 348 companies in the Interactive Media industry, placing it in the top 65.2%.
Is NEXON Co's Cyclically Adjusted PB Ratio too high?
NEXON Co's current Cyclically Adjusted PB Ratio of 2.32 is 42% below median its 10-year median of 4.01. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 5.94. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.45. NEXON Co's value of 2.32 is 60.6% above this industry median. Based on the distribution chart, NEXON Co ranks #227 out of 348 companies in the Interactive Media industry, which is below the industry midpoint. Overall, NEXON Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, NEXON Co ranks #227 out of 348 companies for Cyclically Adjusted PB Ratio. This places NEXON Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. NEXON Co's value of 2.32 is 60.6% above this benchmark. Historically, NEXON Co's own Cyclically Adjusted PB Ratio has ranged from 2.28 to 5.94 over the past decade. While the company's 10-year median is 4.01 vs. the industry median of 1.45, NEXON 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 1.45, 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. NEXON Co's current Cyclically Adjusted PB Ratio of 2.32 is 60.6% 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 NEXON Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXON Co's current Cyclically Adjusted PB Ratio is 2.32, which is 42% below median its own 10-year median of 4.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $22.28, compared to a current price of $14.13 — trading 36.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 42% below median its 10-year median of 4.01 and 60.6% above the Interactive Media industry median of 1.45. NEXON Co's overall GF Score™ is 82/100 with 2 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 NEXON Co (NEXOF), the current Cyclically Adjusted PB Ratio is 2.32 as of Jul. 04, 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 NEXON Co (NEXOF) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of $14.13 is trading 36.6% below its estimated GF Value™ of $22.28. GuruFocus considers NEXON Co to be Significantly Undervalued.

Key valuation signals for NEXOF:

  • Cyclically Adjusted PB Ratio: 2.32 (42% below median its 10-year median of 4.01)
  • GF Value™: $22.28 vs. price of $14.13 (36.6% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 60.6% above the Interactive Media median (#227 of 348)

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


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
82GF Score

Get the complete analysis for NEXOF

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

$14.13
Price
$22.28
GF Value