Nintendo Co (WBO:NTO) Cyclically Adjusted PB Ratio: 4.01 (As of Jul. 18, 2026) — 15% 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.

WBO:NTO Nintendo Co Ltd WBO:NTO
66 GF Score
Price €39.17
GF Value €65.28
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Nintendo Co Cyclically Adjusted PB Ratio?

Nintendo Co WBO:NTO +2.47% 66 Cyclically Adjusted PB Ratio is 4.01 as of Jul. 18, 2026, which is 15% below its 10-year median of 4.70. GuruFocus rates WBO:NTO with a GF Score™ of 66/100 and a GF Value™ of €65.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 347 Interactive Media companies, Nintendo Co ranks worse than 79.83% on this metric.

As of today (2026-07-18), Nintendo Co's current share price is €39.165. Nintendo Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.77. Nintendo Co's Cyclically Adjusted PB Ratio for today is 4.01.

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

WBO:NTO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.18   Med: 4.7   Max: 8.8
Current: 4.16

During the past years, Nintendo Co's highest Cyclically Adjusted PB Ratio was 8.80. The lowest was 2.18. And the median was 4.70.

WBO:NTO's Cyclically Adjusted PB Ratio is ranked worse than
79.83% of 347 companies
in the Interactive Media industry
Industry Median: 1.5 vs WBO:NTO: 4.16

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.

Nintendo Co's adjusted book value per share data for the three months ended in Mar. 2026 was €13.968. 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 €9.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nintendo Co  (WBO:NTO) 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.


Nintendo Co Cyclically Adjusted PB Ratio Related Terms


Nintendo Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nintendo 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.

Nintendo Co Cyclically Adjusted PB Ratio Chart

Nintendo 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 5.30 3.99 5.75 6.33 5.01

Nintendo 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 6.33 8.49 7.66 6.16 5.01

WBO:NTO vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Nintendo 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.


Nintendo Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


WBO:NTO
66GF Score
Nintendo Co Ltd WBO:NTO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nintendo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.165/9.77
=4.01

* 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.

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

For example, Nintendo 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)
=13.968/112.7000*112.7000
=13.968

Current CPI (Mar. 2026) = 112.7000.

Nintendo Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.691 98.100 8.836
201609 8.481 98.000 9.753
201612 8.615 98.400 9.867
201703 8.622 98.100 9.905
201706 8.228 98.500 9.414
201709 8.020 98.800 9.148
201712 8.373 99.400 9.493
201803 8.397 99.200 9.540
201806 8.440 99.200 9.589
201809 8.600 99.900 9.702
201812 9.257 99.700 10.464
201903 9.423 99.700 10.652
201906 9.241 99.800 10.435
201909 9.827 100.100 11.064
201912 10.376 100.500 11.636
202003 10.871 100.300 12.215
202006 10.767 99.900 12.147
202009 11.270 99.900 12.714
202012 11.541 99.300 13.098
202103 12.159 99.900 13.717
202106 11.417 99.500 12.932
202109 11.758 100.100 13.238
202112 12.753 100.100 14.358
202203 13.504 101.100 15.053
202206 12.346 101.800 13.668
202209 13.185 103.100 14.413
202212 13.059 104.100 14.138
202303 13.602 104.400 14.683
202306 13.239 105.200 14.183
202309 13.432 106.200 14.254
202312 13.558 106.800 14.307
202403 13.734 107.200 14.439
202406 13.075 108.200 13.619
202409 13.741 108.900 14.220
202412 14.354 110.700 14.613
202503 14.521 111.100 14.730
202506 13.923 111.700 14.048
202509 13.943 112.000 14.030
202512 13.997 113.000 13.960
202603 13.968 112.700 13.968

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 4.01 mean?
Nintendo Co (WBO:NTO) has a Cyclically Adjusted PB Ratio of 4.01 as of Jul. 18, 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 Nintendo Co and its competitors. This is 15% below median its historical median of 4.70. Over the past decade, Nintendo Co's Cyclically Adjusted PB Ratio has ranged from 2.18 to 8.80. According to the industry distribution chart, Nintendo Co ranks #277 out of 347 companies in the Interactive Media industry, placing it in the top 79.8%.
Is Nintendo Co's Cyclically Adjusted PB Ratio too high?
Nintendo Co's current Cyclically Adjusted PB Ratio of 4.01 is 15% below median its 10-year median of 4.70. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 8.80. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.50. Nintendo Co's value of 4.01 is 167.3% above this industry median. Based on the distribution chart, Nintendo Co ranks #277 out of 347 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Nintendo Co has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nintendo Co's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Nintendo Co ranks #277 out of 347 companies for Cyclically Adjusted PB Ratio. This places Nintendo Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.50. Nintendo Co's value of 4.01 is 167.3% above this benchmark. Historically, Nintendo Co's own Cyclically Adjusted PB Ratio has ranged from 2.18 to 8.80 over the past decade. While the company's 10-year median is 4.70 vs. the industry median of 1.50, Nintendo 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.50, 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. Nintendo Co's current Cyclically Adjusted PB Ratio of 4.01 is 167.3% 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 Nintendo Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nintendo Co's current Cyclically Adjusted PB Ratio is 4.01, which is 15% below median its own 10-year median of 4.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nintendo Co stock overvalued right now?
Based on GuruFocus' analysis, Nintendo Co (WBO:NTO) is currently considered Possible Value Trap. The stock's GF Value™ is €65.28, compared to a current price of €39.17 — trading 40% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.01, which is 15% below median its 10-year median of 4.70 and 167.3% above the Interactive Media industry median of 1.50. Nintendo Co's overall GF Score™ is 66/100 with 3 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 Nintendo Co (WBO:NTO), the current Cyclically Adjusted PB Ratio is 4.01 as of Jul. 18, 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 Nintendo Co (WBO:NTO) Overvalued in 2026?

Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued. The current stock price of €39.17 is trading 40% below its estimated GF Value™ of €65.28. GuruFocus considers Nintendo Co to be Possible Value Trap.

Key valuation signals for WBO:NTO:

  • Cyclically Adjusted PB Ratio: 4.01 (15% below median its 10-year median of 4.70)
  • GF Value™: €65.28 vs. price of €39.17 (40% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 167.3% above the Interactive Media median (#277 of 347)

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


Nintendo Co Business Description

Address 11-1 Hokotate-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8501
Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years.
66GF Score

Get the complete analysis for WBO:NTO

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

€39.17
Price
€65.28
GF Value