GoPro (WBO:GPRO) Cyclically Adjusted PB Ratio: 0.30 (As of Jul. 20, 2026) — 45% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:GPRO GoPro Inc WBO:GPRO
32 GF Score
Price €0.60
GF Value €0.98
Valuation Possible Value Trap
! 6 Warning Signs
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What is GoPro Cyclically Adjusted PB Ratio?

GoPro WBO:GPRO +2.37% 32 Cyclically Adjusted PB Ratio is 0.30 as of Jul. 20, 2026, which is 45% below its 10-year median of 0.55. GuruFocus rates WBO:GPRO with a GF Score™ of 32/100 and a GF Value™ of €0.98 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,980 Hardware companies, GoPro ranks better than 94.49% on this metric.

As of today (2026-07-20), GoPro's current share price is €0.604. GoPro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.03. GoPro's Cyclically Adjusted PB Ratio for today is 0.30.

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

WBO:GPRO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.55   Max: 1.99
Current: 0.26

During the past years, GoPro's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.16. And the median was 0.55.

WBO:GPRO's Cyclically Adjusted PB Ratio is ranked better than
94.49% of 1980 companies
in the Hardware industry
Industry Median: 2.01 vs WBO:GPRO: 0.26

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.

GoPro's adjusted book value per share data for the three months ended in Mar. 2026 was €-0.010. 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 €2.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GoPro  (WBO:GPRO) 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.


GoPro Cyclically Adjusted PB Ratio Related Terms


GoPro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GoPro'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.

GoPro Cyclically Adjusted PB Ratio Chart

GoPro 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 1.61 1.04 0.34 0.54

GoPro 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 0.21 0.25 0.76 0.54 0.31

WBO:GPRO vs TKLS, ZEPP, UEIC: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, GoPro'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.


GoPro Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


WBO:GPRO
32GF Score
GoPro Inc WBO:GPRO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GoPro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.604/2.03
=0.30

* 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.

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

For example, GoPro'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)
=-0.01/330.2130*330.2130
=-0.010

Current CPI (Mar. 2026) = 330.2130.

GoPro Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.813 241.018 5.224
201609 3.218 241.428 4.401
201612 2.997 241.432 4.099
201703 2.376 243.801 3.218
201706 1.924 244.955 2.594
201709 1.956 246.819 2.617
201712 1.727 246.524 2.313
201803 1.185 249.554 1.568
201806 1.081 251.989 1.417
201809 0.985 252.439 1.288
201812 1.241 251.233 1.631
201903 1.145 254.202 1.487
201906 1.130 256.143 1.457
201909 0.768 256.759 0.988
201912 1.347 256.974 1.731
202003 1.083 258.115 1.386
202006 0.789 257.797 1.011
202009 0.809 260.280 1.026
202012 1.175 260.474 1.490
202103 1.158 264.877 1.444
202106 1.283 271.696 1.559
202109 3.025 274.310 3.641
202112 3.484 278.802 4.126
202203 3.423 287.504 3.931
202206 3.596 296.311 4.007
202209 3.937 296.808 4.380
202212 3.727 296.797 4.147
202303 3.504 301.836 3.833
202306 3.405 305.109 3.685
202309 3.446 307.789 3.697
202312 3.400 306.746 3.660
202403 1.359 312.332 1.437
202406 1.123 314.175 1.180
202409 1.071 315.301 1.122
202412 0.932 315.605 0.975
202503 0.646 319.799 0.667
202506 0.537 322.561 0.550
202509 0.429 324.800 0.436
202512 0.403 324.054 0.411
202603 -0.010 330.213 -0.010

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 0.30 mean?
GoPro (WBO:GPRO) has a Cyclically Adjusted PB Ratio of 0.30 as of Jul. 20, 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 GoPro and its competitors. This is 45% below median its historical median of 0.55. Over the past decade, GoPro's Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.99. According to the industry distribution chart, GoPro ranks #109 out of 1980 companies in the Hardware industry, placing it in the top 5.5%.
Is GoPro's Cyclically Adjusted PB Ratio too high?
GoPro's current Cyclically Adjusted PB Ratio of 0.30 is 45% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.99. The Hardware industry median Cyclically Adjusted PB Ratio is 2.01. GoPro's value of 0.30 is 85.1% below this industry median. Based on the distribution chart, GoPro ranks #109 out of 1980 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, GoPro has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GoPro's Cyclically Adjusted PB Ratio compare to TKLS and ZEPP?
According to the Hardware industry distribution chart, GoPro ranks #109 out of 1980 companies for Cyclically Adjusted PB Ratio. This places GoPro in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.01. GoPro's value of 0.30 is 85.1% below this benchmark. Historically, GoPro's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.99 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 2.01, GoPro 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.01, based on 1,980 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. GoPro's current Cyclically Adjusted PB Ratio of 0.30 is 85.1% 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 GoPro and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GoPro's current Cyclically Adjusted PB Ratio is 0.30, which is 45% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GoPro stock overvalued right now?
Based on GuruFocus' analysis, GoPro (WBO:GPRO) is currently considered Possible Value Trap. The stock's GF Value™ is €0.98, compared to a current price of €0.60 — trading 38.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is 45% below median its 10-year median of 0.55 and 85.1% below the Hardware industry median of 2.01. GoPro's overall GF Score™ is 32/100 with 6 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 GoPro (WBO:GPRO), the current Cyclically Adjusted PB Ratio is 0.30 as of Jul. 20, 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 GoPro (WBO:GPRO) Overvalued in 2026?

Based on GuruFocus' analysis, GoPro stock appears to be undervalued. The current stock price of €0.60 is trading 38.4% below its estimated GF Value™ of €0.98. GuruFocus considers GoPro to be Possible Value Trap.

Key valuation signals for WBO:GPRO:

  • Cyclically Adjusted PB Ratio: 0.30 (45% below median its 10-year median of 0.55)
  • GF Value™: €0.98 vs. price of €0.60 (38.4% below fair value)
  • GF Score™: 32/100 with 6 warning signs
  • Industry Position: 85.1% below the Hardware median (#109 of 1980)

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


GoPro Business Description

Address 3025 Clearview Way, San Mateo, CA, USA, 94402
GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts and accessories, lifestyle gear, applications, and subscriptions and services. The company sells products across the world through retailers, distributors, and on GoPro.com. Its hardware products are designed and developed in the United States, France, China, and Romania, and a majority of the manufacturing is outsourced to contract manufacturers located in China, Thailand, and Vietnam. Geographically, the company generates maximum revenue from the Americas, followed by Europe, Middle East and Africa (EMEA), and Asia and Pacific (APAC) region.
32GF 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.

€0.60
Price
€0.98
GF Value