11 bit studios (STU:11C) Cyclically Adjusted PB Ratio: 1.54 (As of Sep. 03, 2026) — 85% Below Median

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STU:11C 11 bit studios SA STU:11C
77 GF Score
Price €30.00
GF Value €40.59
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is 11 bit studios Cyclically Adjusted PB Ratio?

11 bit studios STU:11C 77 Cyclically Adjusted PB Ratio is 1.54 as of Sep. 03, 2026, which is 85% below its 10-year median of 10.41. GuruFocus rates STU:11C with a GF Score™ of 77/100 and a GF Value™ of €40.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 340 Interactive Media companies, 11 bit studios ranks worse than 50.29% on this metric.

As of today (2026-09-03), 11 bit studios's current share price is €30.00. 11 bit studios's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €19.47. 11 bit studios's Cyclically Adjusted PB Ratio for today is 1.54.

The historical rank and industry rank for 11 bit studios's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:11C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.52   Med: 10.41   Max: 18.53
Current: 1.52

During the past years, 11 bit studios's highest Cyclically Adjusted PB Ratio was 18.53. The lowest was 1.52. And the median was 10.41.

STU:11C's Cyclically Adjusted PB Ratio is ranked worse than
50.29% of 340 companies
in the Interactive Media industry
Industry Median: 1.48 vs STU:11C: 1.52

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.

11 bit studios's adjusted book value per share data for the three months ended in Jun. 2026 was €22.544. 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 €19.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


11 bit studios  (STU:11C) 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.


11 bit studios Cyclically Adjusted PB Ratio Related Terms


11 bit studios Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for 11 bit studios'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.

11 bit studios Cyclically Adjusted PB Ratio Chart

11 bit studios 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 16.68 12.98 9.39 2.43 1.80

11 bit studios Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.80 2.44 1.80 1.56 1.55

STU:11C vs NTES, TTWO, RBLX: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, 11 bit studios'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.


11 bit studios Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 11 bit studios's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where 11 bit studios's Cyclically Adjusted PB Ratio falls into.


STU:11C
77GF Score
11 bit studios SA STU:11C
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

11 bit studios 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.

11 bit studios's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.00/19.47
=1.54

* 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.

11 bit studios's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, 11 bit studios's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=22.544/162.2800*162.2800
=22.544

Current CPI (Jun. 2026) = 162.2800.

11 bit studios Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.791 99.064 6.210
201612 4.392 100.366 7.101
201703 4.281 101.018 6.877
201706 4.353 101.180 6.982
201709 4.269 101.343 6.836
201712 4.671 102.564 7.391
201803 0.000 102.564 0.000
201806 7.412 103.378 11.635
201809 7.967 103.378 12.506
201812 9.087 103.785 14.209
201903 9.742 104.274 15.161
201906 10.148 105.983 15.539
201909 10.720 105.983 16.414
201912 12.101 107.123 18.332
202003 13.772 109.076 20.490
202006 14.629 109.402 21.700
202009 15.605 109.320 23.165
202012 16.118 109.565 23.873
202103 16.563 112.658 23.858
202106 17.613 113.960 25.081
202109 18.140 115.588 25.468
202112 19.269 119.088 26.258
202203 19.621 125.031 25.467
202206 20.904 131.705 25.757
202209 21.450 135.531 25.683
202212 21.806 139.113 25.437
202303 22.122 145.950 24.597
202306 22.356 147.009 24.678
202309 22.158 146.113 24.610
202312 21.713 147.741 23.850
202403 21.760 149.044 23.692
202406 22.038 150.997 23.685
202409 26.535 153.439 28.064
202412 21.986 154.660 23.069
202503 21.380 157.021 22.096
202506 22.755 157.509 23.444
202509 24.045 158.000 24.696
202512 22.608 158.320 23.173
202603 22.342 163.070 22.234
202606 22.544 162.280 22.544

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 1.54 mean?
11 bit studios (STU:11C) has a Cyclically Adjusted PB Ratio of 1.54 as of Sep. 03, 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 11 bit studios and its competitors. This is 85% below median its historical median of 10.41. Over the past decade, 11 bit studios' Cyclically Adjusted PB Ratio has ranged from 1.52 to 18.53. According to the industry distribution chart, 11 bit studios ranks #171 out of 340 companies in the Interactive Media industry, placing it in the top 50.3%.
Is 11 bit studios' Cyclically Adjusted PB Ratio too high?
11 bit studios' current Cyclically Adjusted PB Ratio of 1.54 is 85% below median its 10-year median of 10.41. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 18.53. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.48. 11 bit studios' value of 1.54 is 4.1% above this industry median. Based on the distribution chart, 11 bit studios ranks #171 out of 340 companies in the Interactive Media industry, which is below the industry midpoint. Overall, 11 bit studios has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 11 bit studios' Cyclically Adjusted PB Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, 11 bit studios ranks #171 out of 340 companies for Cyclically Adjusted PB Ratio. This places 11 bit studios in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.48. 11 bit studios' value of 1.54 is 4.1% above this benchmark. Historically, 11 bit studios' own Cyclically Adjusted PB Ratio has ranged from 1.52 to 18.53 over the past decade. While the company's 10-year median is 10.41 vs. the industry median of 1.48, 11 bit studios 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 1.48, based on 340 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. 11 bit studios's current Cyclically Adjusted PB Ratio of 1.54 is 4.1% 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 11 bit studios and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 11 bit studios's current Cyclically Adjusted PB Ratio is 1.54, which is 85% below median its own 10-year median of 10.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 11 bit studios stock overvalued right now?
Based on GuruFocus' analysis, 11 bit studios (STU:11C) is currently considered Modestly Undervalued. The stock's GF Value™ is €40.59, compared to a current price of €30.00 — trading 26.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.54, which is 85% below median its 10-year median of 10.41 and 4.1% above the Interactive Media industry median of 1.48. 11 bit studios' overall GF Score™ is 77/100 with 4 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 11 bit studios (STU:11C), the current Cyclically Adjusted PB Ratio is 1.54 as of Sep. 03, 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 11 bit studios (STU:11C) Overvalued in 2026?

Based on GuruFocus' analysis, 11 bit studios stock appears to be undervalued. The current stock price of €30.00 is trading 26.1% below its estimated GF Value™ of €40.59. GuruFocus considers 11 bit studios to be Modestly Undervalued.

Key valuation signals for STU:11C:

  • Cyclically Adjusted PB Ratio: 1.54 (85% below median its 10-year median of 10.41)
  • GF Value™: €40.59 vs. price of €30.00 (26.1% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 4.1% above the Interactive Media median (#171 of 340)

No single metric tells the full story. See the STU:11C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


11 bit studios Business Description

Other Exchanges 11B:Poland11C:Germany
Address Brechta 7, Warszawa, POL, 03-472
11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.
77GF Score

Get the complete analysis for STU:11C

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

€30.00
Price
€40.59
GF Value