DeNA Co (TSE:2432) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 13, 2026) — Near Median

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TSE:2432 DeNA Co Ltd TSE:2432
67 GF Score
Price 円2,512.00
GF Value 円2,000.53
Valuation Modestly Overvalued
! 1 Warning Sign
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What is DeNA Co Cyclically Adjusted PB Ratio?

DeNA Co TSE:2432 +2.26% 67 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 13, 2026, which is 6% below its 10-year median of 1.32. GuruFocus rates TSE:2432 with a GF Score™ of 67/100 and a GF Value™ of 円2,000.53 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 458 Conglomerates companies, DeNA Co ranks worse than 55.46% on this metric.

As of today (2026-08-13), DeNA Co's current share price is 円2512.00. DeNA Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,031.03. DeNA Co's Cyclically Adjusted PB Ratio for today is 1.24.

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

TSE:2432' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.32   Max: 3.27
Current: 1.21

During the past years, DeNA Co's highest Cyclically Adjusted PB Ratio was 3.27. The lowest was 0.70. And the median was 1.32.

TSE:2432's Cyclically Adjusted PB Ratio is ranked worse than
55.46% of 458 companies
in the Conglomerates industry
Industry Median: 1.01 vs TSE:2432: 1.21

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.

DeNA Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円2,166.203. 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 円2,031.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DeNA Co  (TSE:2432) 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.


DeNA Co Cyclically Adjusted PB Ratio Related Terms


DeNA Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DeNA 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.

DeNA Co Cyclically Adjusted PB Ratio Chart

DeNA 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 1.23 1.09 0.84 1.81 1.20

DeNA Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.81 1.36 1.17 1.26 1.20

TSE:2432 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, DeNA 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.


DeNA Co Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, DeNA Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2432
67GF Score
DeNA Co Ltd TSE:2432
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DeNA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2512.00/2031.03
=1.24

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2166.203/112.7000*112.7000
=2,166.203

Current CPI (Mar. 2026) = 112.7000.

DeNA Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,286.314 98.100 1,477.753
201609 1,425.068 98.000 1,638.828
201612 1,566.112 98.400 1,793.708
201703 1,582.932 98.100 1,818.516
201706 1,687.192 98.500 1,930.422
201709 1,757.632 98.800 2,004.910
201712 1,764.972 99.400 2,001.130
201803 1,813.845 99.200 2,060.689
201806 1,732.014 99.200 1,967.722
201809 1,804.124 99.900 2,035.283
201812 1,688.425 99.700 1,908.581
201903 1,731.937 99.700 1,957.766
201906 1,790.662 99.800 2,022.120
201909 1,810.490 100.100 2,038.384
201912 1,449.101 100.500 1,625.012
202003 1,438.135 100.300 1,615.930
202006 1,571.164 99.900 1,772.474
202009 1,759.022 99.900 1,984.402
202012 1,842.167 99.300 2,090.758
202103 1,832.825 99.900 2,067.661
202106 1,940.756 99.500 2,198.223
202109 1,902.311 100.100 2,141.763
202112 1,926.811 100.100 2,169.347
202203 2,029.982 101.100 2,262.898
202206 2,013.093 101.800 2,228.640
202209 2,046.721 103.100 2,237.298
202212 1,992.506 104.100 2,157.113
202303 1,990.534 104.400 2,148.785
202306 2,092.366 105.200 2,241.537
202309 2,102.026 106.200 2,230.681
202312 1,811.183 106.800 1,911.239
202403 1,878.780 107.200 1,975.173
202406 1,905.033 108.200 1,984.263
202409 1,858.290 108.900 1,923.134
202412 2,059.227 110.700 2,096.431
202503 2,169.984 111.100 2,201.235
202506 2,411.330 111.700 2,432.918
202509 2,457.859 112.000 2,473.221
202512 2,255.087 113.000 2,249.100
202603 2,166.203 112.700 2,166.203

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 1.24 mean?
DeNA Co (TSE:2432) has a Cyclically Adjusted PB Ratio of 1.24 as of Aug. 13, 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 DeNA Co and its competitors. This is near median its historical median of 1.32. Over the past decade, DeNA Co's Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.27. According to the industry distribution chart, DeNA Co ranks #254 out of 458 companies in the Conglomerates industry, placing it in the top 55.5%.
Is DeNA Co's Cyclically Adjusted PB Ratio too high?
DeNA Co's current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.27. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. DeNA Co's value of 1.24 is 22.8% above this industry median. Based on the distribution chart, DeNA Co ranks #254 out of 458 companies in the Conglomerates industry, which is below the industry midpoint. Overall, DeNA Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DeNA Co's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, DeNA Co ranks #254 out of 458 companies for Cyclically Adjusted PB Ratio. This places DeNA Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. DeNA Co's value of 1.24 is 22.8% above this benchmark. Historically, DeNA Co's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.27 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.01, DeNA 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 a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 458 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. DeNA Co's current Cyclically Adjusted PB Ratio of 1.24 is 22.8% 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 DeNA Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeNA Co's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeNA Co stock overvalued right now?
Based on GuruFocus' analysis, DeNA Co (TSE:2432) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,000.53, compared to a current price of 円2,512.00 — trading 25.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.32 and 22.8% above the Conglomerates industry median of 1.01. DeNA Co's overall GF Score™ is 67/100 with 1 warning sign 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 DeNA Co (TSE:2432), the current Cyclically Adjusted PB Ratio is 1.24 as of Aug. 13, 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 DeNA Co (TSE:2432) Overvalued in 2026?

Based on GuruFocus' analysis, DeNA Co stock appears to be overvalued. The current stock price of 円2,512.00 is trading 25.6% above its estimated GF Value™ of 円2,000.53. GuruFocus considers DeNA Co to be Modestly Overvalued.

Key valuation signals for TSE:2432:

  • Cyclically Adjusted PB Ratio: 1.24 (near median its 10-year median of 1.32)
  • GF Value™: 円2,000.53 vs. price of 円2,512.00 (25.6% above fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 22.8% above the Conglomerates median (#254 of 458)

No single metric tells the full story. See the TSE:2432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DeNA Co Business Description

Other Exchanges DNACF:USAD2N:Germany
Address 2-24-12 Shibuya, Shibuya Scramble Square, Shibuya-ku, Tokyo, JPN, 150-6140
DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.
67GF Score

Get the complete analysis for TSE:2432

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

円2,512.00
Price
円2,000.53
GF Value