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Take-Two Interactive Software (NAS:TTWO) Cyclically Adjusted PB Ratio

: 6.23 (As of Today)
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As of today (2023-12-11), Take-Two Interactive Software's current share price is $152.56. Take-Two Interactive Software's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $24.48. Take-Two Interactive Software's Cyclically Adjusted PB Ratio for today is 6.23.

The historical rank and industry rank for Take-Two Interactive Software's Cyclically Adjusted PB Ratio or its related term are showing as below:

TTWO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 7.11   Max: 17.78
Current: 6.34

During the past years, Take-Two Interactive Software's highest Cyclically Adjusted PB Ratio was 17.78. The lowest was 1.30. And the median was 7.11.

TTWO's Cyclically Adjusted PB Ratio is ranked worse than
87.64% of 275 companies
in the Interactive Media industry
Industry Median: 1.90 vs TTWO: 6.34

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.

Take-Two Interactive Software's adjusted book value per share data for the three months ended in Sep. 2023 was $49.589. 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 $24.48 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Take-Two Interactive Software Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Take-Two Interactive Software'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.

* Premium members only.

Take-Two Interactive Software Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.36 11.27 13.99 9.55 5.46

Take-Two Interactive Software Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 5.69 5.11 5.46 6.34 5.73

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.


Take-Two Interactive Software Cyclically Adjusted PB Ratio Distribution

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

* The bar in red indicates where Take-Two Interactive Software's Cyclically Adjusted PB Ratio falls into.



Take-Two Interactive Software 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.

Take-Two Interactive Software's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=152.56/24.48
=6.23

* 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.

Take-Two Interactive Software's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Take-Two Interactive Software's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=49.589/129.8595*129.8595
=49.589

Current CPI (Sep. 2023) = 129.8595.

Take-Two Interactive Software Quarterly Data

Book Value per Share CPI Adj_Book
201312 9.283 98.326 12.260
201403 9.017 99.695 11.745
201406 8.855 100.560 11.435
201409 8.537 100.428 11.039
201412 9.228 99.070 12.096
201503 6.373 99.621 8.307
201506 5.964 100.684 7.692
201509 6.486 100.392 8.390
201512 6.045 99.792 7.866
201603 6.716 100.470 8.681
201606 6.104 101.688 7.795
201609 6.670 101.861 8.503
201612 8.237 101.863 10.501
201703 9.781 102.862 12.348
201706 10.391 103.349 13.056
201709 12.970 104.136 16.174
201712 12.253 104.011 15.298
201803 13.057 105.290 16.104
201806 16.318 106.317 19.931
201809 17.086 106.507 20.832
201812 17.927 105.998 21.963
201903 18.190 107.251 22.025
201906 18.446 108.070 22.165
201909 19.274 108.329 23.105
201912 21.191 108.420 25.381
202003 22.371 108.902 26.676
202006 23.200 108.767 27.699
202009 25.244 109.815 29.852
202012 27.418 109.897 32.398
202103 28.932 111.754 33.619
202106 31.084 114.631 35.213
202109 30.116 115.734 33.792
202112 31.786 117.630 35.091
202203 33.022 121.301 35.352
202206 58.137 125.017 60.389
202209 56.319 125.227 58.403
202212 56.679 125.222 58.778
202303 53.538 127.348 54.594
202306 52.651 128.729 53.114
202309 49.589 129.860 49.589

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.


Take-Two Interactive Software  (NAS:TTWO) 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.


Take-Two Interactive Software Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Take-Two Interactive Software's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Take-Two Interactive Software (NAS:TTWO) Business Description

Address
110 West 44th Street, New York, NY, USA, 10036
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.".
Executives
William B Gordon director
Ellen F Siminoff director 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Roland A Hernandez director 300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Paul E Viera director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 110 WEST 44TH STREET, NEW YORK NY 10036
Laverne Evans Srinivasan director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Daniel P Emerson officer: General Counsel 622 BROADWAY, NEW YORK NY 10012
Susan Tolson director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10019
Benjamim Feder officer: Chief Executive Officer C/O ZELNICKMEDIA CORPORATION, 650 5TH AVENUE, NEW YORK NY 10019
Karl Slatoff officer: Executive Vice President C/O ZELNICKMEDIA CORPORATION, 19 WEST 44TH STREET, 18TH FLOOR, NEW YORK NY 10036
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Sunghwan Cho director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Strauss Zelnick director, officer: Executive Chairman C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Lainie Goldstein officer: Chief Financial Officer C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Seth D Krauss officer: Exec VP and General Counsel C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012