Qubicgames (WAR:QUB) Cyclically Adjusted PB Ratio: 0.57 (As of Aug. 05, 2026) — 46% Below Median

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.

WAR:QUB Qubicgames SA WAR:QUB
73 GF Score
Price zł0.58
GF Value zł1.24
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Qubicgames Cyclically Adjusted PB Ratio?

Qubicgames WAR:QUB -6.45% 73 Cyclically Adjusted PB Ratio is 0.57 as of Aug. 05, 2026, which is 46% below its 10-year median of 1.05. GuruFocus rates WAR:QUB with a GF Score™ of 73/100 and a GF Value™ of zł1.24 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 347 Interactive Media companies, Qubicgames ranks better than 73.49% on this metric.

As of today (2026-08-05), Qubicgames's current share price is zł0.58. Qubicgames's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł1.01. Qubicgames's Cyclically Adjusted PB Ratio for today is 0.57.

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

WAR:QUB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.05   Max: 1.55
Current: 0.65

During the past years, Qubicgames's highest Cyclically Adjusted PB Ratio was 1.55. The lowest was 0.61. And the median was 1.05.

WAR:QUB's Cyclically Adjusted PB Ratio is ranked better than
73.49% of 347 companies
in the Interactive Media industry
Industry Median: 1.45 vs WAR:QUB: 0.65

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.

Qubicgames's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.671. 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 zł1.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qubicgames  (WAR:QUB) 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.


Qubicgames Cyclically Adjusted PB Ratio Related Terms


Qubicgames Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Qubicgames'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.

Qubicgames Cyclically Adjusted PB Ratio Chart

Qubicgames Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.47 0.88

Qubicgames 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 1.21 1.04 1.13 0.88 0.84

WAR:QUB vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Qubicgames'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.


Qubicgames Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


WAR:QUB
73GF Score
Qubicgames SA WAR:QUB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qubicgames 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.

Qubicgames's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.58/1.01
=0.57

* 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.

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

For example, Qubicgames'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)
=0.671/163.0700*163.0700
=0.671

Current CPI (Mar. 2026) = 163.0700.

Qubicgames Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.481 99.552 0.788
201609 0.472 99.064 0.777
201612 0.331 100.366 0.538
201703 0.308 101.018 0.497
201706 0.285 101.180 0.459
201709 0.399 101.343 0.642
201712 0.348 102.564 0.553
201803 0.381 102.564 0.606
201806 0.403 103.378 0.636
201809 0.511 103.378 0.806
201812 0.528 103.785 0.830
201903 0.610 104.274 0.954
201906 0.812 105.983 1.249
201909 0.830 105.983 1.277
201912 0.808 107.123 1.230
202003 0.877 109.076 1.311
202006 1.173 109.402 1.748
202009 1.165 109.320 1.738
202012 1.049 109.565 1.561
202103 0.993 112.658 1.437
202106 1.372 113.960 1.963
202109 1.231 115.588 1.737
202112 1.172 119.088 1.605
202203 1.077 125.031 1.405
202206 0.942 131.705 1.166
202209 0.845 135.531 1.017
202212 0.821 139.113 0.962
202303 0.790 145.950 0.883
202306 0.856 147.009 0.950
202309 0.879 146.113 0.981
202312 0.892 147.741 0.985
202403 0.905 149.044 0.990
202406 0.826 150.997 0.892
202409 0.768 153.439 0.816
202412 0.696 154.660 0.734
202503 0.714 157.021 0.742
202506 0.712 157.509 0.737
202509 0.674 158.000 0.696
202512 0.654 158.320 0.674
202603 0.671 163.070 0.671

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 0.57 mean?
Qubicgames (WAR:QUB) has a Cyclically Adjusted PB Ratio of 0.57 as of Aug. 05, 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 Qubicgames and its competitors. This is 46% below median its historical median of 1.05. Over the past decade, Qubicgames' Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.55. According to the industry distribution chart, Qubicgames ranks #92 out of 347 companies in the Interactive Media industry, placing it in the top 26.5%.
Is Qubicgames' Cyclically Adjusted PB Ratio too high?
Qubicgames' current Cyclically Adjusted PB Ratio of 0.57 is 46% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.55. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.45. Qubicgames' value of 0.57 is 60.7% below this industry median. Based on the distribution chart, Qubicgames ranks #92 out of 347 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Qubicgames has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qubicgames' Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Qubicgames ranks #92 out of 347 companies for Cyclically Adjusted PB Ratio. This puts Qubicgames in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. Qubicgames' value of 0.57 is 60.7% below this benchmark. Historically, Qubicgames' own Cyclically Adjusted PB Ratio has ranged from 0.61 to 1.55 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.45, Qubicgames 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 1.45, based on 347 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. Qubicgames's current Cyclically Adjusted PB Ratio of 0.57 is 60.7% 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 Qubicgames and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qubicgames's current Cyclically Adjusted PB Ratio is 0.57, which is 46% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qubicgames stock overvalued right now?
Based on GuruFocus' analysis, Qubicgames (WAR:QUB) is currently considered Significantly Undervalued. The stock's GF Value™ is zł1.24, compared to a current price of zł0.58 — trading 53.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.57, which is 46% below median its 10-year median of 1.05 and 60.7% below the Interactive Media industry median of 1.45. Qubicgames' overall GF Score™ is 73/100 with 2 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 Qubicgames (WAR:QUB), the current Cyclically Adjusted PB Ratio is 0.57 as of Aug. 05, 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 Qubicgames (WAR:QUB) Overvalued in 2026?

Based on GuruFocus' analysis, Qubicgames stock appears to be undervalued. The current stock price of zł0.58 is trading 53.2% below its estimated GF Value™ of zł1.24. GuruFocus considers Qubicgames to be Significantly Undervalued.

Key valuation signals for WAR:QUB:

  • Cyclically Adjusted PB Ratio: 0.57 (46% below median its 10-year median of 1.05)
  • GF Value™: zł1.24 vs. price of zł0.58 (53.2% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 60.7% below the Interactive Media median (#92 of 347)

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


Qubicgames Business Description

Other Exchanges QA7:Germany
Address ul.Katedralna 16, Siedlce, POL, 08-110
Qubicgames SA is engaged in the development and sale of video games for mobile and desktop consoles.
73GF Score

Get the complete analysis for WAR:QUB

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

zł0.58
Price
zł1.24
GF Value