NVIDIA (STU:NVDG) Cyclically Adjusted PB Ratio: (As of Aug. 27, 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:NVDG NVIDIA Corp STU:NVDG
90 GF Score
Price €28.80
GF Value €53.53
Valuation Possible Value Trap
! 4 Warning Signs
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What is NVIDIA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NVIDIA  (STU:NVDG) 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.


NVIDIA Cyclically Adjusted PB Ratio Related Terms


NVIDIA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NVIDIA'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.

NVIDIA Cyclically Adjusted PB Ratio Chart

NVIDIA Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.71 39.57 100.19 138.76 143.40

NVIDIA Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 168.51 172.11 143.40 127.97 0.00

STU:NVDG vs AVGO, MU, AMD: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, NVIDIA'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.


NVIDIA Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, NVIDIA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:NVDG
90GF Score
NVIDIA Corp STU:NVDG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NVIDIA 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.

NVIDIA's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, NVIDIA's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=1.428/333.9180*333.9180
=1.428

Current CPI (Jul. 2026) = 333.9180.

NVIDIA Quarterly Data

Book Value per Share CPI Adj_Book
201610 0.039 241.729 0.054
201701 0.040 242.839 0.055
201704 0.042 244.524 0.057
201707 0.037 244.786 0.050
201710 0.039 246.663 0.053
201801 0.044 247.867 0.059
201804 0.045 250.546 0.060
201807 0.054 252.006 0.072
201810 0.058 252.885 0.077
201901 0.058 251.712 0.077
201904 0.061 255.548 0.080
201907 0.065 256.571 0.085
201910 0.072 257.346 0.093
202001 0.078 257.971 0.101
202004 0.085 256.389 0.111
202007 0.085 259.101 0.110
202010 0.091 260.388 0.117
202101 0.097 261.582 0.124
202104 0.109 267.054 0.136
202107 0.124 273.003 0.152
202110 0.142 276.589 0.171
202201 0.162 281.148 0.192
202204 0.168 289.109 0.194
202207 0.163 296.276 0.184
202210 0.152 298.012 0.170
202301 0.144 299.170 0.161
202304 0.156 303.363 0.172
202307 0.174 305.691 0.190
202310 0.221 307.671 0.240
202401 0.277 308.417 0.300
202404 0.322 313.548 0.343
202407 0.378 314.540 0.401
202410 0.427 315.664 0.452
202501 0.542 317.671 0.570
202504 0.530 320.795 0.552
202507 0.610 323.048 0.631
202510 0.727 0.000
202601 0.953 325.252 0.978
202604 1.194 333.020 1.197
202607 1.428 333.918 1.428

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 NVIDIA (STU:NVDG) Overvalued in 2026?

Based on GuruFocus' analysis, NVIDIA stock appears to be undervalued. The current stock price of €28.80 is trading 46.2% below its estimated GF Value™ of €53.53. GuruFocus considers NVIDIA to be Possible Value Trap.

Key valuation signals for STU:NVDG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €53.53 vs. price of €28.80 (46.2% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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


NVIDIA Business Description

Address 2788 San Tomas Expressway, Santa Clara, CA, USA, 95051
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
90GF Score

Get the complete analysis for STU:NVDG

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

€28.80
Price
€53.53
GF Value