NZME (NZMEF) Cyclically Adjusted PB Ratio: 1.06 (As of Jul. 18, 2026) — Near Median

Author: Vera Yuan Vera Yuan
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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.

NZMEF NZME Ltd NZMEF
79 GF Score
Price $0.35
GF Value $0.34
! 6 Warning Signs
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What is NZME Cyclically Adjusted PB Ratio?

NZME NZMEF -27.39% 79 Cyclically Adjusted PB Ratio is 1.06 as of Jul. 18, 2026, which is 4% above its 10-year median of 1.02. GuruFocus rates NZMEF with a GF Score™ of 79/100 and a GF Value™ of $0.34. The stock has 6 warning signs investors should review. Among 720 Media - Diversified companies, NZME ranks better than 50.56% on this metric.

As of today (2026-07-18), NZME's current share price is $0.35. NZME's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $0.33. NZME's Cyclically Adjusted PB Ratio for today is 1.06.

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

NZMEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.02   Max: 1.1
Current: 0.98

During the past 10 years, NZME's highest Cyclically Adjusted PB Ratio was 1.10. The lowest was 0.98. And the median was 1.02.

NZMEF's Cyclically Adjusted PB Ratio is ranked better than
50.56% of 720 companies
in the Media - Diversified industry
Industry Median: 0.995 vs NZMEF: 0.98

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.

NZME's adjusted book value per share data of for the fiscal year that ended in Dec25 was $0.301. 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 $0.33 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


NZME  (OTCPK:NZMEF) 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.


NZME Cyclically Adjusted PB Ratio Related Terms


NZME Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NZME'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.

NZME Cyclically Adjusted PB Ratio Chart

NZME 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 0.00 0.00 0.00 0.00 1.05

NZME Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 1.05

NZMEF vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, NZME'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.


NZME Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


NZMEF
79GF Score
NZME Ltd NZMEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NZME 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.35/0.33
=1.06

* 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.

NZME's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, NZME's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.301/135.6600*135.6600
=0.301

Current CPI (Dec25) = 135.6600.

NZME Annual Data

Book Value per Share CPI Adj_Book
201612 1.025 101.230 1.374
201712 1.027 102.844 1.355
201812 0.994 104.786 1.287
201912 0.390 106.729 0.496
202012 0.474 108.262 0.594
202112 0.540 114.703 0.639
202212 0.479 122.983 0.528
202312 0.448 128.708 0.472
202412 0.310 131.571 0.320
202512 0.301 135.660 0.301

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 1.06 mean?
NZME (NZMEF) has a Cyclically Adjusted PB Ratio of 1.06 as of Jul. 18, 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 NZME and its competitors. This is near median its historical median of 1.02. Over the past decade, NZME's Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.10. According to the industry distribution chart, NZME ranks #356 out of 720 companies in the Media - Diversified industry, placing it in the top 49.4%.
Is NZME's Cyclically Adjusted PB Ratio too high?
NZME's current Cyclically Adjusted PB Ratio of 1.06 is near median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.10. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.00. NZME's value of 1.06 is 6.5% above this industry median. Based on the distribution chart, NZME ranks #356 out of 720 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, NZME has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does NZME's Cyclically Adjusted PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, NZME ranks #356 out of 720 companies for Cyclically Adjusted PB Ratio. This puts NZME in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. NZME's value of 1.06 is 6.5% above this benchmark. Historically, NZME's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.10 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.00, NZME 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 a Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 720 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. NZME's current Cyclically Adjusted PB Ratio of 1.06 is 6.5% 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 NZME and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NZME's current Cyclically Adjusted PB Ratio is 1.06, which is near median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZME stock overvalued right now?
NZME (NZMEF) has a current Cyclically Adjusted PB Ratio of 1.06. The stock's GF Value™ is $0.34, compared to a current price of $0.35 — trading 2.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is near median its 10-year median of 1.02 and 6.5% above the Media - Diversified industry median of 1.00. NZME's overall GF Score™ is 79/100 with 6 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 NZME (NZMEF), the current Cyclically Adjusted PB Ratio is 1.06 as of Jul. 18, 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 NZME (NZMEF) Overvalued in 2026?

Based on GuruFocus' analysis, NZME stock appears to be overvalued. The current stock price of $0.35 is trading 2.9% above its estimated GF Value™ of $0.34.

Key valuation signals for NZMEF:

  • Cyclically Adjusted PB Ratio: 1.06 (near median its 10-year median of 1.02)
  • GF Value™: $0.34 vs. price of $0.35 (2.9% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 6.5% above the Media - Diversified median (#356 of 720)

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


NZME Business Description

Address 2 Graham Street, Auckland, NZL, 1010
NZME Ltd is a New Zealand-based company. The company operates in three business segments: the Audio segment, which includes terrestrial radio stations, digital iHeartRadio, podcasts, and radio brand websites; the Publishing segment, which generates the maximum revenue and includes print publications (excluding dedicated real estate publications), digital news websites, and Business Desk; and the OneRoof segment, which comprises the OneRoof website and dedicated real estate print publications.
79GF Score

Get the complete analysis for NZMEF

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

$0.35
Price
$0.34
GF Value