GRAVITY Co (STU:GD8A) Cyclically Adjusted PB Ratio: 2.09 (As of Sep. 20, 2026) — 43% Below Median

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STU:GD8A GRAVITY Co Ltd STU:GD8A
78 GF Score
Price €60.00
GF Value €52.35
Valuation Modestly Overvalued
! 6 Warning Signs
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What is GRAVITY Co Cyclically Adjusted PB Ratio?

GRAVITY Co STU:GD8A -1.64% 78 Cyclically Adjusted PB Ratio is 2.09 as of Sep. 20, 2026, which is 43% below its 10-year median of 3.67. GuruFocus rates STU:GD8A with a GF Score™ of 78/100 and a GF Value™ of €52.35 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 343 Interactive Media companies, GRAVITY Co ranks worse than 63.27% on this metric.

As of today (2026-09-20), GRAVITY Co's current share price is €60.00. GRAVITY Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €28.73. GRAVITY Co's Cyclically Adjusted PB Ratio for today is 2.09.

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

STU:GD8A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 3.67   Max: 21.04
Current: 2.16

During the past years, GRAVITY Co's highest Cyclically Adjusted PB Ratio was 21.04. The lowest was 0.24. And the median was 3.67.

STU:GD8A's Cyclically Adjusted PB Ratio is ranked worse than
63.27% of 343 companies
in the Interactive Media industry
Industry Median: 1.51 vs STU:GD8A: 2.16

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.

GRAVITY Co's adjusted book value per share data for the three months ended in Jun. 2026 was €57.150. 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 €28.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GRAVITY Co  (STU:GD8A) 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.


GRAVITY Co Cyclically Adjusted PB Ratio Related Terms


GRAVITY Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GRAVITY 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.

GRAVITY Co Cyclically Adjusted PB Ratio Chart

GRAVITY 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 5.67 2.80 3.81 2.72 1.97

GRAVITY Co 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 2.44 2.31 1.97 1.99 2.04

STU:GD8A vs DDI, SOHU, GDEV: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, GRAVITY 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.


GRAVITY Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


STU:GD8A
78GF Score
GRAVITY Co Ltd STU:GD8A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GRAVITY 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.00/28.73
=2.09

* 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.

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

For example, GRAVITY Co'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)
=57.15/126.4904*126.4904
=57.150

Current CPI (Jun. 2026) = 126.4904.

GRAVITY Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.540 101.461 4.413
201612 3.598 101.561 4.481
201703 3.925 102.851 4.827
201706 4.154 102.611 5.121
201709 4.205 103.491 5.140
201712 5.004 102.991 6.146
201803 5.276 104.101 6.411
201806 6.155 104.130 7.477
201809 6.711 105.651 8.035
201812 8.583 104.351 10.404
201903 10.807 104.491 13.082
201906 11.601 104.881 13.991
201909 12.737 105.200 15.315
201912 12.739 105.121 15.329
202003 13.482 105.354 16.187
202006 14.768 105.112 17.772
202009 17.004 106.198 20.253
202012 19.132 105.765 22.881
202103 21.565 107.357 25.408
202106 23.013 107.579 27.059
202109 25.517 108.759 29.677
202112 26.471 109.676 30.529
202203 28.136 111.848 31.819
202206 30.052 114.072 33.324
202209 31.466 114.715 34.696
202212 34.606 115.179 38.004
202303 38.041 116.507 41.301
202306 42.267 117.182 45.624
202309 44.756 118.964 47.588
202312 46.849 118.837 49.866
202403 48.932 120.123 51.526
202406 49.313 120.007 51.977
202409 51.873 120.861 54.289
202412 54.177 121.135 56.572
202503 53.891 122.590 55.606
202506 54.467 122.611 56.190
202509 54.660 123.402 56.028
202512 53.412 123.939 54.511
202603 56.161 125.236 56.724
202606 57.150 126.490 57.150

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 2.09 mean?
GRAVITY Co (STU:GD8A) has a Cyclically Adjusted PB Ratio of 2.09 as of Sep. 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 GRAVITY Co and its competitors. This is 43% below median its historical median of 3.67. Over the past decade, GRAVITY Co's Cyclically Adjusted PB Ratio has ranged from 0.24 to 21.04. According to the industry distribution chart, GRAVITY Co ranks #217 out of 343 companies in the Interactive Media industry, placing it in the top 63.3%.
Is GRAVITY Co's Cyclically Adjusted PB Ratio too high?
GRAVITY Co's current Cyclically Adjusted PB Ratio of 2.09 is 43% below median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 21.04. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. GRAVITY Co's value of 2.09 is 38.4% above this industry median. Based on the distribution chart, GRAVITY Co ranks #217 out of 343 companies in the Interactive Media industry, which is below the industry midpoint. Overall, GRAVITY Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GRAVITY Co's Cyclically Adjusted PB Ratio compare to DDI and SOHU?
According to the Interactive Media industry distribution chart, GRAVITY Co ranks #217 out of 343 companies for Cyclically Adjusted PB Ratio. This places GRAVITY Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. GRAVITY Co's value of 2.09 is 38.4% above this benchmark. Historically, GRAVITY Co's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 21.04 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 1.51, GRAVITY 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 1.51, based on 343 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. GRAVITY Co's current Cyclically Adjusted PB Ratio of 2.09 is 38.4% 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 GRAVITY Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GRAVITY Co's current Cyclically Adjusted PB Ratio is 2.09, which is 43% below median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GRAVITY Co stock overvalued right now?
Based on GuruFocus' analysis, GRAVITY Co (STU:GD8A) is currently considered Modestly Overvalued. The stock's GF Value™ is €52.35, compared to a current price of €60.00 — trading 14.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.09, which is 43% below median its 10-year median of 3.67 and 38.4% above the Interactive Media industry median of 1.51. GRAVITY Co's overall GF Score™ is 78/100 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 GRAVITY Co (STU:GD8A), the current Cyclically Adjusted PB Ratio is 2.09 as of Sep. 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 GRAVITY Co (STU:GD8A) Overvalued in 2026?

Based on GuruFocus' analysis, GRAVITY Co stock appears to be overvalued. The current stock price of €60.00 is trading 14.6% above its estimated GF Value™ of €52.35. GuruFocus considers GRAVITY Co to be Modestly Overvalued.

Key valuation signals for STU:GD8A:

  • Cyclically Adjusted PB Ratio: 2.09 (43% below median its 10-year median of 3.67)
  • GF Value™: €52.35 vs. price of €60.00 (14.6% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 38.4% above the Interactive Media median (#217 of 343)

No single metric tells the full story. See the STU:GD8A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GRAVITY Co Business Description

Other Exchanges GRVY:USA
Address 15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925
GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. The gaming products of the company include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation. Geographically, it derives maximum revenue from Taiwan.
78GF Score

Get the complete analysis for STU:GD8A

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

€60.00
Price
€52.35
GF Value