Roku (WBO:ROKU) Cyclically Adjusted PB Ratio: 11.73 (As of Aug. 18, 2026) — 12% Above Median

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WBO:ROKU Roku Inc WBO:ROKU
55 GF Score
Price €137.82
GF Value €90.89
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Roku Cyclically Adjusted PB Ratio?

Roku WBO:ROKU +1.09% 55 Cyclically Adjusted PB Ratio is 11.73 as of Aug. 18, 2026, which is 12% above its 10-year median of 10.45. GuruFocus rates WBO:ROKU with a GF Score™ of 55/100 and a GF Value™ of €90.89 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 688 Media - Diversified companies, Roku ranks worse than 97.38% on this metric.

As of today (2026-08-18), Roku's current share price is €137.82. Roku's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.75. Roku's Cyclically Adjusted PB Ratio for today is 11.73.

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

WBO:ROKU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.66   Med: 10.45   Max: 11.76
Current: 11.76

During the past years, Roku's highest Cyclically Adjusted PB Ratio was 11.76. The lowest was 7.66. And the median was 10.45.

WBO:ROKU's Cyclically Adjusted PB Ratio is ranked worse than
97.38% of 688 companies
in the Media - Diversified industry
Industry Median: 1 vs WBO:ROKU: 11.76

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.

Roku's adjusted book value per share data for the three months ended in Jun. 2026 was €16.521. 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 €11.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Roku  (WBO:ROKU) 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.


Roku Cyclically Adjusted PB Ratio Related Terms


Roku Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Roku'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.

Roku Cyclically Adjusted PB Ratio Chart

Roku 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 0.00 0.00

Roku Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 7.42 10.26

WBO:ROKU vs FOXA, FWONA, NWSA: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Roku'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.


Roku Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


WBO:ROKU
55GF Score
Roku Inc WBO:ROKU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Roku 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=137.82/11.75
=11.73

* 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.

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

For example, Roku's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.521/333.9520*333.9520
=16.521

Current CPI (Jun. 2026) = 333.9520.

Roku Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 -1.939 241.432 -2.682
201703 0.000 243.801 0.000
201706 -2.004 244.955 -2.732
201709 -2.267 246.819 -3.067
201712 1.298 246.524 1.758
201803 1.554 249.554 2.080
201806 1.725 251.989 2.286
201809 1.748 252.439 2.312
201812 1.959 251.233 2.604
201903 2.820 254.202 3.705
201906 3.510 256.143 4.576
201909 3.586 256.759 4.664
201912 5.243 256.974 6.814
202003 5.070 258.115 6.560
202006 7.239 257.797 9.377
202009 8.139 260.280 10.443
202012 8.528 260.474 10.934
202103 15.500 264.877 19.542
202106 15.947 271.696 19.601
202109 17.003 274.310 20.700
202112 18.118 278.802 21.702
202203 18.786 287.504 21.821
202206 19.176 296.311 21.612
202209 20.146 296.808 22.667
202212 17.842 296.797 20.076
202303 16.922 301.836 18.723
202306 16.524 305.109 18.086
202309 15.173 307.789 16.463
202312 14.866 306.746 16.184
202403 15.034 312.332 16.075
202406 15.350 314.175 16.316
202409 15.268 315.301 16.171
202412 16.315 315.605 17.263
202503 15.930 319.799 16.635
202506 15.245 322.561 15.783
202509 15.137 324.800 15.564
202512 15.353 324.054 15.822
202603 15.655 330.213 15.832
202606 16.521 333.952 16.521

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 11.73 mean?
Roku (WBO:ROKU) has a Cyclically Adjusted PB Ratio of 11.73 as of Aug. 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 Roku and its competitors. This is 12% above median its historical median of 10.45. Over the past decade, Roku's Cyclically Adjusted PB Ratio has ranged from 7.66 to 11.76. According to the industry distribution chart, Roku ranks #670 out of 688 companies in the Media - Diversified industry, placing it in the top 97.4%.
Is Roku's Cyclically Adjusted PB Ratio too high?
Roku's current Cyclically Adjusted PB Ratio of 11.73 is 12% above median its 10-year median of 10.45. Over the past 10 years, this metric has ranged from a low of 7.66 to a high of 11.76. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.00. Roku's value of 11.73 is 1073% above this industry median. Based on the distribution chart, Roku ranks #670 out of 688 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Roku has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roku's Cyclically Adjusted PB Ratio compare to FOXA and FWONA?
According to the Media - Diversified industry distribution chart, Roku ranks #670 out of 688 companies for Cyclically Adjusted PB Ratio. This places Roku in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Roku's value of 11.73 is 1073% above this benchmark. Historically, Roku's own Cyclically Adjusted PB Ratio has ranged from 7.66 to 11.76 over the past decade. While the company's 10-year median is 10.45 vs. the industry median of 1.00, Roku 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 a Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 688 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. Roku's current Cyclically Adjusted PB Ratio of 11.73 is 1073% 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 Roku and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Roku's current Cyclically Adjusted PB Ratio is 11.73, which is 12% above median its own 10-year median of 10.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roku stock overvalued right now?
Based on GuruFocus' analysis, Roku (WBO:ROKU) is currently considered Significantly Overvalued. The stock's GF Value™ is €90.89, compared to a current price of €137.82 — trading 51.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.73, which is 12% above median its 10-year median of 10.45 and 1073% above the Media - Diversified industry median of 1.00. Roku's overall GF Score™ is 55/100 with 5 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 Roku (WBO:ROKU), the current Cyclically Adjusted PB Ratio is 11.73 as of Aug. 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 Roku (WBO:ROKU) Overvalued in 2026?

Based on GuruFocus' analysis, Roku stock appears to be overvalued. The current stock price of €137.82 is trading 51.6% above its estimated GF Value™ of €90.89. GuruFocus considers Roku to be Significantly Overvalued.

Key valuation signals for WBO:ROKU:

  • Cyclically Adjusted PB Ratio: 11.73 (12% above median its 10-year median of 10.45)
  • GF Value™: €90.89 vs. price of €137.82 (51.6% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 1073% above the Media - Diversified median (#670 of 688)

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


Roku Business Description

Address 1173 Coleman Avenue, San Jose, CA, USA, 95110
Roku enables consumers to stream television programming. Roku facilitated 145 billion streaming hours in 2025 and reached more than half of US broadband households. It is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells, as well as on connected televisions from other manufacturers that license Roku's name and software. Roku also operates The Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from device sales, licensing, and advertising, and it also receives fees from subscription streaming platforms that sell subscriptions through Roku.
55GF Score

Get the complete analysis for WBO:ROKU

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

€137.82
Price
€90.89
GF Value