Nintendo Co (STU:NTOA) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

STU:NTOA Nintendo Co Ltd STU:NTOA
75 GF Score
Price €11.30
GF Value €16.89
Valuation Possible Value Trap
! 3 Warning Signs
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What is Nintendo Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nintendo Co  (STU:NTOA) 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 4.89 3.39 4.44 5.10 3.80

Nintendo 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 6.74 6.15 4.59 3.94 2.86

STU:NTOA vs NTES, TTWO, RBLX: 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.


STU:NTOA
75GF Score
Nintendo Co Ltd STU:NTOA
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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nintendo 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)
=3.407/113.6000*113.6000
=3.407

Current CPI (Jun. 2026) = 113.6000.

Nintendo Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.128 98.000 2.467
201612 2.143 98.400 2.474
201703 2.184 98.100 2.529
201706 2.005 98.500 2.312
201709 1.996 98.800 2.295
201712 2.076 99.400 2.373
201803 2.106 99.200 2.412
201806 2.105 99.200 2.411
201809 2.138 99.900 2.431
201812 2.364 99.700 2.694
201903 2.389 99.700 2.722
201906 2.299 99.800 2.617
201909 2.470 100.100 2.803
201912 2.578 100.500 2.914
202003 2.730 100.300 3.092
202006 2.692 99.900 3.061
202009 2.832 99.900 3.220
202012 2.884 99.300 3.299
202103 3.029 99.900 3.444
202106 2.877 99.500 3.285
202109 2.947 100.100 3.344
202112 3.132 100.100 3.554
202203 3.265 101.100 3.669
202206 3.078 101.800 3.435
202209 3.298 103.100 3.634
202212 3.314 104.100 3.616
202303 3.366 104.400 3.663
202306 3.216 105.200 3.473
202309 3.355 106.200 3.589
202312 3.419 106.800 3.637
202403 3.422 107.200 3.626
202406 3.223 108.200 3.384
202409 3.416 108.900 3.563
202412 3.553 110.700 3.646
202503 3.623 111.100 3.705
202506 3.423 111.700 3.481
202509 3.488 112.000 3.538
202512 3.472 113.000 3.490
202603 3.496 112.700 3.524
202606 3.407 113.600 3.407

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.

Is Nintendo Co (STU:NTOA) Overvalued in 2026?

Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued. The current stock price of €11.30 is trading 33.1% below its estimated GF Value™ of €16.89. GuruFocus considers Nintendo Co to be Possible Value Trap.

Key valuation signals for STU:NTOA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €16.89 vs. price of €11.30 (33.1% below fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the STU:NTOA 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.
75GF Score

Get the complete analysis for STU:NTOA

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

€11.30
Price
€16.89
GF Value