NTDOF (Nintendo Co) Cyclically Adjusted PB Ratio: 3.70 (As of Jul. 22, 2026) — 21% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

NTDOF Nintendo Co Ltd NTDOF
67 GF Score
Price $41.80
GF Value $73.99
Valuation Possible Value Trap
! 3 Warning Signs
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What is Nintendo Co Cyclically Adjusted PB Ratio?

Nintendo Co NTDOF -1.79% 67 Cyclically Adjusted PB Ratio is 3.70 as of Jul. 22, 2026, which is 21% below its 10-year median of 4.70. GuruFocus rates NTDOF with a GF Score™ of 67/100 and a GF Value™ of $73.99 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 347 Interactive Media companies, Nintendo Co ranks worse than 80.69% on this metric.

As of today (2026-07-22), Nintendo Co's current share price is $41.80. Nintendo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.29. Nintendo Co's Cyclically Adjusted PB Ratio for today is 3.70.

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

NTDOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.18   Med: 4.7   Max: 8.8
Current: 3.99

During the past years, Nintendo Co's highest Cyclically Adjusted PB Ratio was 8.80. The lowest was 2.18. And the median was 4.70.

NTDOF's Cyclically Adjusted PB Ratio is ranked worse than
80.69% of 347 companies
in the Interactive Media industry
Industry Median: 1.44 vs NTDOF: 3.99

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 $16.148. 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 $11.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nintendo Co  (OTCPK:NTDOF) 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

NTDOF 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.


NTDOF
67GF Score
Nintendo Co Ltd NTDOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=41.80/11.29
=3.70

* 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)
=16.148/112.7000*112.7000
=16.148

Current CPI (Mar. 2026) = 112.7000.

Nintendo Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.641 98.100 9.927
201609 9.518 98.000 10.946
201612 9.088 98.400 10.409
201703 9.221 98.100 10.593
201706 9.245 98.500 10.578
201709 9.559 98.800 10.904
201712 9.908 99.400 11.234
201803 10.354 99.200 11.763
201806 9.859 99.200 11.201
201809 10.035 99.900 11.321
201812 10.532 99.700 11.905
201903 10.647 99.700 12.035
201906 10.441 99.800 11.791
201909 10.823 100.100 12.185
201912 11.529 100.500 12.929
202003 12.012 100.300 13.497
202006 12.125 99.900 13.679
202009 13.274 99.900 14.975
202012 14.040 99.300 15.935
202103 14.476 99.900 16.331
202106 13.755 99.500 15.580
202109 13.833 100.100 15.574
202112 14.410 100.100 16.224
202203 14.873 101.100 16.579
202206 13.050 101.800 14.447
202209 13.055 103.100 14.271
202212 13.833 104.100 14.976
202303 14.563 104.400 15.721
202306 14.344 105.200 15.367
202309 14.335 106.200 15.212
202312 14.785 106.800 15.602
202403 14.928 107.200 15.694
202406 14.074 108.200 14.659
202409 15.251 108.900 15.783
202412 15.030 110.700 15.302
202503 15.699 111.100 15.925
202506 16.059 111.700 16.203
202509 16.365 112.000 16.467
202512 16.390 113.000 16.346
202603 16.148 112.700 16.148

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 3.70 mean?
Nintendo Co (NTDOF) has a Cyclically Adjusted PB Ratio of 3.70 as of Jul. 22, 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 21% below median its historical median of 4.70. Over the past decade, Nintendo Co's Cyclically Adjusted PB Ratio has ranged from 2.18 to 8.80. According to the industry distribution chart, Nintendo Co ranks #280 out of 347 companies in the Interactive Media industry, placing it in the top 80.7%.
Is Nintendo Co's Cyclically Adjusted PB Ratio too high?
Nintendo Co's current Cyclically Adjusted PB Ratio of 3.70 is 21% below median its 10-year median of 4.70. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 8.80. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. Nintendo Co's value of 3.70 is 156.9% above this industry median. Based on the distribution chart, Nintendo Co ranks #280 out of 347 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Nintendo Co has a GF Score™ of 67/100 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 #280 out of 347 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 1.44. Nintendo Co's value of 3.70 is 156.9% above this benchmark. Historically, Nintendo Co's own Cyclically Adjusted PB Ratio has ranged from 2.18 to 8.80 over the past decade. While the company's 10-year median is 4.70 vs. the industry median of 1.44, 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 1.44, 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. Nintendo Co's current Cyclically Adjusted PB Ratio of 3.70 is 156.9% 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 1.44 — 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 3.70, which is 21% below median its own 10-year median of 4.70. 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 (NTDOF) is currently considered Possible Value Trap. The stock's GF Value™ is $73.99, compared to a current price of $41.80 — trading 43.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.70, which is 21% below median its 10-year median of 4.70 and 156.9% above the Interactive Media industry median of 1.44. Nintendo Co's overall GF Score™ is 67/100 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 (NTDOF), the current Cyclically Adjusted PB Ratio is 3.70 as of Jul. 22, 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 (NTDOF) Overvalued in 2026?

Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued. The current stock price of $41.80 is trading 43.5% below its estimated GF Value™ of $73.99. GuruFocus considers Nintendo Co to be Possible Value Trap.

Key valuation signals for NTDOF:

  • Cyclically Adjusted PB Ratio: 3.70 (21% below median its 10-year median of 4.70)
  • GF Value™: $73.99 vs. price of $41.80 (43.5% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 156.9% above the Interactive Media median (#280 of 347)

No single metric tells the full story. See the NTDOF 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.
67GF Score

Get the complete analysis for NTDOF

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

$41.80
Price
$73.99
GF Value