GREE Holdings (TSE:3632) Cyclically Adjusted PB Ratio: 0.72 (As of Aug. 09, 2026) — 43% Below Median

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TSE:3632 GREE Holdings Inc TSE:3632
81 GF Score
Price 円402.00
GF Value 円405.90
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is GREE Holdings Cyclically Adjusted PB Ratio?

GREE Holdings TSE:3632 +1.52% 81 Cyclically Adjusted PB Ratio is 0.72 as of Aug. 09, 2026, which is 43% below its 10-year median of 1.27. GuruFocus rates TSE:3632 with a GF Score™ of 81/100 and a GF Value™ of 円405.90 (Fairly Valued). The stock has 4 warning signs investors should review. Among 346 Interactive Media companies, GREE Holdings ranks better than 71.39% on this metric.

As of today (2026-08-09), GREE Holdings's current share price is 円402.00. GREE Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円558.80. GREE Holdings's Cyclically Adjusted PB Ratio for today is 0.72.

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

TSE:3632' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.27   Max: 2.62
Current: 0.72

During the past years, GREE Holdings's highest Cyclically Adjusted PB Ratio was 2.62. The lowest was 0.64. And the median was 1.27.

TSE:3632's Cyclically Adjusted PB Ratio is ranked better than
71.39% of 346 companies
in the Interactive Media industry
Industry Median: 1.44 vs TSE:3632: 0.72

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.

GREE Holdings's adjusted book value per share data for the three months ended in Dec. 2025 was 円538.099. 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558.80 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


GREE Holdings  (TSE:3632) 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.


GREE Holdings Cyclically Adjusted PB Ratio Related Terms


GREE Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GREE Holdings'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.

GREE Holdings Cyclically Adjusted PB Ratio Chart

GREE Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 1.69 1.25 1.01 0.95

GREE Holdings 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 1.08 0.95 0.79 0.72 0.00

TSE:3632 vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, GREE Holdings'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.


GREE Holdings Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


TSE:3632
81GF Score
GREE Holdings Inc TSE:3632
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GREE Holdings 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.

GREE Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=402.00/558.80
=0.72

* 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.

GREE Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, GREE Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=538.099/113.0000*113.0000
=538.099

Current CPI (Dec. 2025) = 113.0000.

GREE Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201603 427.087 97.900 492.960
201606 437.623 98.100 504.092
201609 466.047 98.000 537.381
201612 473.369 98.400 543.605
201703 477.504 98.100 550.030
201706 467.354 98.500 536.152
201709 463.982 98.800 530.668
201712 473.732 99.400 538.548
201803 483.324 99.200 550.561
201806 479.586 99.200 546.303
201809 475.216 99.900 537.532
201812 476.192 99.700 539.716
201903 481.070 99.700 545.245
201906 480.473 99.800 544.023
201909 485.225 100.100 547.756
201912 497.490 100.500 559.367
202003 505.160 100.300 569.123
202006 498.345 99.900 563.694
202009 497.447 99.900 562.678
202012 516.394 99.300 587.639
202103 549.427 99.900 621.474
202106 569.758 99.500 647.062
202109 573.617 100.100 647.540
202112 503.258 100.100 568.113
202203 513.591 101.100 574.043
202206 524.594 101.800 582.310
202209 516.817 103.100 566.443
202212 493.173 104.100 535.337
202303 502.483 104.400 543.875
202306 542.012 105.200 582.199
202309 541.226 106.200 575.881
202312 537.125 106.800 568.306
202403 549.570 107.200 579.304
202406 557.968 108.200 582.721
202409 529.703 108.900 549.646
202412 546.794 110.700 558.155
202503 542.279 111.100 551.553
202506 545.833 111.700 552.186
202509 535.768 112.000 540.552
202512 538.099 113.000 538.099

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 0.72 mean?
GREE Holdings (TSE:3632) has a Cyclically Adjusted PB Ratio of 0.72 as of Aug. 09, 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 GREE Holdings and its competitors. This is 43% below median its historical median of 1.27. Over the past decade, GREE Holdings' Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.62. According to the industry distribution chart, GREE Holdings ranks #99 out of 346 companies in the Interactive Media industry, placing it in the top 28.6%.
Is GREE Holdings' Cyclically Adjusted PB Ratio too high?
GREE Holdings' current Cyclically Adjusted PB Ratio of 0.72 is 43% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.62. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. GREE Holdings' value of 0.72 is 50% below this industry median. Based on the distribution chart, GREE Holdings ranks #99 out of 346 companies in the Interactive Media industry, which is above the industry midpoint. Overall, GREE Holdings has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GREE Holdings' Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, GREE Holdings ranks #99 out of 346 companies for Cyclically Adjusted PB Ratio. This puts GREE Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. GREE Holdings' value of 0.72 is 50% below this benchmark. Historically, GREE Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.62 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.44, GREE Holdings has consistently been below 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 1.44, based on 346 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. GREE Holdings's current Cyclically Adjusted PB Ratio of 0.72 is 50% below 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 GREE Holdings and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GREE Holdings's current Cyclically Adjusted PB Ratio is 0.72, which is 43% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GREE Holdings stock overvalued right now?
Based on GuruFocus' analysis, GREE Holdings (TSE:3632) is currently considered Fairly Valued. The stock's GF Value™ is 円405.90, compared to a current price of 円402.00 — trading 1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.72, which is 43% below median its 10-year median of 1.27 and 50% below the Interactive Media industry median of 1.44. GREE Holdings' overall GF Score™ is 81/100 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 GREE Holdings (TSE:3632), the current Cyclically Adjusted PB Ratio is 0.72 as of Aug. 09, 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 GREE Holdings (TSE:3632) Overvalued in 2026?

Based on GuruFocus' analysis, GREE Holdings stock appears to be undervalued. The current stock price of 円402.00 is trading 1% below its estimated GF Value™ of 円405.90. GuruFocus considers GREE Holdings to be Fairly Valued.

Key valuation signals for TSE:3632:

  • Cyclically Adjusted PB Ratio: 0.72 (43% below median its 10-year median of 1.27)
  • GF Value™: 円405.90 vs. price of 円402.00 (1% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 50% below the Interactive Media median (#99 of 346)

No single metric tells the full story. See the TSE:3632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GREE Holdings Business Description

Other Exchanges V3U:Germany
Address 6-11-1 Roppongi, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN
GREE Holdings Inc is a Japanese internet media company headquartered in Tokyo. It is engaged in developing the Game and Anime, Metaverse, DX, Manga, and Investment Business.
81GF Score

Get the complete analysis for TSE:3632

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

円402.00
Price
円405.90
GF Value