NVIDIA (UKEX:NVDA) 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.

UKEX:NVDA NVIDIA Corp UKEX:NVDA
90 GF Score
Price ₴3,361.20
GF Value ₴6,247.70
! 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  (UKEX:NVDA) 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

UKEX:NVDA 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.


UKEX:NVDA
90GF Score
NVIDIA Corp UKEX:NVDA
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)
=420.108/333.9180*333.9180
=420.108

Current CPI (Jul. 2026) = 333.9180.

NVIDIA Quarterly Data

Book Value per Share CPI Adj_Book
201610 11.002 241.729 15.198
201701 10.971 242.839 15.086
201704 11.479 244.524 15.676
201707 11.089 244.786 15.127
201710 11.675 246.663 15.805
201801 13.732 247.867 18.499
201804 14.161 250.546 18.873
201807 16.113 252.006 21.350
201810 17.301 252.885 22.845
201901 17.171 251.712 22.779
201904 17.749 255.548 23.192
201907 18.905 256.571 24.604
201910 20.410 257.346 26.483
202001 22.194 257.971 28.728
202004 23.725 256.389 30.899
202007 25.119 259.101 32.372
202010 27.593 260.388 35.385
202101 30.349 261.582 38.741
202104 33.566 267.054 41.970
202107 37.748 273.003 46.171
202110 42.379 276.589 51.163
202201 47.314 281.148 56.195
202204 46.832 289.109 54.090
202207 42.695 296.276 48.119
202210 38.541 298.012 43.185
202301 39.929 299.170 44.567
202304 44.176 303.363 48.625
202307 49.627 305.691 54.209
202310 60.102 307.671 65.229
202401 77.714 308.417 84.140
202404 89.010 313.548 94.793
202407 105.495 314.540 111.994
202410 119.802 315.664 126.730
202501 144.397 317.671 151.782
202504 153.177 320.795 159.443
202507 183.239 323.048 189.405
202510 217.956 0.000
202601 288.354 325.252 296.037
202604 359.576 333.020 360.546
202607 420.108 333.918 420.108

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 (UKEX:NVDA) Overvalued in 2026?

Based on GuruFocus' analysis, NVIDIA stock appears to be undervalued. The current stock price of ₴3,361.20 is trading 46.2% below its estimated GF Value™ of ₴6,247.70.

Key valuation signals for UKEX:NVDA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₴6,247.70 vs. price of ₴3,361.20 (46.2% below fair value)
  • GF Score™: 90/100 with 4 warning signs

No single metric tells the full story. See the UKEX:NVDA 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

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

₴3,361.20
Price
₴6,247.70
GF Value