Zedge (ZDGE) Cyclically Adjusted PB Ratio: 1.51 (As of Jul. 28, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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.

ZDGE Zedge Inc ZDGE
76 GF Score
Price $2.94
GF Value $3.06
Valuation Fairly Valued
View Full Analysis

What is Zedge Cyclically Adjusted PB Ratio?

Zedge ZDGE -0.68% 76 Cyclically Adjusted PB Ratio is 1.51 as of Jul. 28, 2026, which is 7% below its 10-year median of 1.62. GuruFocus rates ZDGE with a GF Score™ of 76/100 and a GF Value™ of $3.06 (Fairly Valued). Among 348 Interactive Media companies, Zedge ranks worse than 52.59% on this metric.

As of today (2026-07-28), Zedge's current share price is $2.94. Zedge's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $1.95. Zedge's Cyclically Adjusted PB Ratio for today is 1.51.

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

ZDGE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.62   Max: 2.44
Current: 1.52

During the past years, Zedge's highest Cyclically Adjusted PB Ratio was 2.44. The lowest was 1.07. And the median was 1.62.

ZDGE's Cyclically Adjusted PB Ratio is ranked worse than
52.59% of 348 companies
in the Interactive Media industry
Industry Median: 1.44 vs ZDGE: 1.52

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.

Zedge's adjusted book value per share data for the three months ended in Apr. 2026 was $1.882. 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 $1.95 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zedge  (AMEX:ZDGE) 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.


Zedge Cyclically Adjusted PB Ratio Related Terms


Zedge Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zedge'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.

Zedge Cyclically Adjusted PB Ratio Chart

Zedge Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.05 2.17

Zedge Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.33 2.17 1.34 1.64 1.71

ZDGE vs AREN, MNY, SJ: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Zedge'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.


Zedge Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


ZDGE
76GF Score
Zedge Inc ZDGE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zedge 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.94/1.95
=1.51

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=1.882/333.0200*333.0200
=1.882

Current CPI (Apr. 2026) = 333.0200.

Zedge Quarterly Data

Book Value per Share CPI Adj_Book
201607 1.134 240.628 1.569
201610 1.164 241.729 1.604
201701 1.115 242.839 1.529
201704 1.085 244.524 1.478
201707 1.101 244.786 1.498
201710 1.001 246.663 1.351
201801 1.028 247.867 1.381
201804 0.990 250.546 1.316
201807 0.971 252.006 1.283
201810 0.898 252.885 1.183
201901 0.892 251.712 1.180
201904 0.780 255.548 1.016
201907 0.671 256.571 0.871
201910 0.588 257.346 0.761
202001 0.636 257.971 0.821
202004 0.650 256.389 0.844
202007 0.724 259.101 0.931
202010 0.812 260.388 1.038
202101 1.342 261.582 1.708
202104 1.953 267.054 2.435
202107 2.304 273.003 2.811
202110 2.463 276.589 2.966
202201 2.642 281.148 3.129
202204 2.604 289.109 3.000
202207 3.068 296.276 3.448
202210 3.079 298.012 3.441
202301 3.128 299.170 3.482
202304 2.640 303.363 2.898
202307 2.713 305.691 2.956
202310 2.715 307.671 2.939
202401 2.124 308.417 2.293
202404 2.132 313.548 2.264
202407 2.155 314.540 2.282
202410 2.128 315.664 2.245
202501 2.019 317.671 2.117
202504 2.082 320.795 2.161
202507 1.960 323.048 2.021
202510 1.991 0.000
202601 1.825 325.252 1.869
202604 1.882 333.020 1.882

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 1.51 mean?
Zedge (ZDGE) has a Cyclically Adjusted PB Ratio of 1.51 as of Jul. 28, 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 Zedge and its competitors. This is near median its historical median of 1.62. Over the past decade, Zedge's Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.44. According to the industry distribution chart, Zedge ranks #183 out of 348 companies in the Interactive Media industry, placing it in the top 52.6%.
Is Zedge's Cyclically Adjusted PB Ratio too high?
Zedge's current Cyclically Adjusted PB Ratio of 1.51 is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.44. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. Zedge's value of 1.51 is 4.9% above this industry median. Based on the distribution chart, Zedge ranks #183 out of 348 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Zedge has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zedge's Cyclically Adjusted PB Ratio compare to AREN and MNY?
According to the Interactive Media industry distribution chart, Zedge ranks #183 out of 348 companies for Cyclically Adjusted PB Ratio. This places Zedge in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Zedge's value of 1.51 is 4.9% above this benchmark. Historically, Zedge's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.44 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.44, Zedge 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 1.44, based on 348 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. Zedge's current Cyclically Adjusted PB Ratio of 1.51 is 4.9% 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 Zedge and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zedge's current Cyclically Adjusted PB Ratio is 1.51, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zedge stock overvalued right now?
Based on GuruFocus' analysis, Zedge (ZDGE) is currently considered Fairly Valued. The stock's GF Value™ is $3.06, compared to a current price of $2.94 — trading 3.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.51, which is near median its 10-year median of 1.62 and 4.9% above the Interactive Media industry median of 1.44. Zedge's overall GF Score™ is 76/100. 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 Zedge (ZDGE), the current Cyclically Adjusted PB Ratio is 1.51 as of Jul. 28, 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 Zedge (ZDGE) Overvalued in 2026?

Based on GuruFocus' analysis, Zedge stock appears to be undervalued. The current stock price of $2.94 is trading 3.9% below its estimated GF Value™ of $3.06. GuruFocus considers Zedge to be Fairly Valued.

Key valuation signals for ZDGE:

  • Cyclically Adjusted PB Ratio: 1.51 (near median its 10-year median of 1.62)
  • GF Value™: $3.06 vs. price of $2.94 (3.9% below fair value)
  • GF Score™: 76/100
  • Industry Position: 4.9% above the Interactive Media median (#183 of 348)

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


Zedge Business Description

Other Exchanges 34Z:Germany
Address 1178 Broadway, 3rd Floor, Suite 1450, New York, NY, USA, 10001
Zedge Inc builds digital marketplaces and competitive games centered on content that people use for self-expression. Its products include the Zedge App, a freemium digital content marketplace offering mobile wallpapers, video wallpapers, ringtones, and notification sounds, along with pAInt, a generative AI wallpaper and ringtone maker, GuruShots, a skill-based photo challenge game, and Emojipedia, a trusted source for emoji information. The Zedge App is available on Google Play and the App Store. The company operates two segments: Zedge Marketplace and GuruShots, with the majority of revenue generated from the Zedge Marketplace.
76GF Score

Get the complete analysis for ZDGE

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

$2.94
Price
$3.06
GF Value