Shinobi III: Return of the Ninja Master

Shinobi III: Return of the Ninja Master

Sega Genesis · 1993

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About this game

This is the sequel to The Revenge of Shinobi and the last installment of the series on the Genesis/Mega Drive.

After defeating the Neo Zeed organization, the ninja Joe Musashi returns to Japan to recover from the battle.

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But while he's training, he senses that the Neo Zeed leaders are secretly rebuilding the organization, so he make his way back to defeat them once again The gameplay is very similar to the previous game, a side scrolling game with platform elements.

Musashi uses kunai (throwing knives) and a sword as weapons and can upgrade their power by picking up power-ups inside crates.

Inside those crates he will also find extra lives, health, kunai (5 or 20), ninjitsu, and time bombs that will explode in 5 seconds or immediately if touched.

As in the previous game, he can jump or double jump, and while double jumping he can throw a burst of kunai in several directions.

However, this game adds new movements to Musashi's repertoire: he can block enemy projectiles after shooting a kunai, he can drop-kick enemies while jumping (after which he will bounce, allowing for connecting more drop kicks), he can dash and slash enemies with his sword, and he can perform wall jumps (or kabekeri).

Besides the physical attacks, four ninjitsu are available: Ikazuchi (temporary invincibility), Kariu (whole screen fire attack), Fushin (higher jumps) and Mijin (self-destruction that costs one life but deals high damage to all enemies on screen).

The game is divided seven rounds, each subdivided in 2 parts with a boss at the end of each part (except for the last round, with only one final boss).

Most levels feature horizontal scrolling from left to right, but some levels will also feature vertical scrolling.

There are three forced scrolling levels: two horizontal (one in which Musashi rides a horse, one where he rides a surfboard) and one vertical (where he must keep climbing falling rocks).

While most levels are straightforward (go from left to right and find the exit), many will

Data by MobyGames.com

About Sega Genesis

Known as the Mega Drive outside North America, the Sega Genesis (1988/1989) was Sega's most successful console and Sonic the Hedgehog's original home, fueling the "console wars" era against Nintendo's SNES. Genesis cartridge collecting is well-established: common sports and platformer titles are affordable, while sports-license and later-era games with smaller print runs can carry a meaningful premium.

Gamevaro tracks Shinobi III: Return of the Ninja Master for Sega Genesis with separate market values for loose, complete-in-box (CIB) and factory-sealed copies, sourced from real eBay sales. Prices also vary by region — PAL, NTSC-U and NTSC-J releases of the same game often sell for different amounts due to print run sizes and regional collector demand.

Adding Shinobi III: Return of the Ninja Master to a Gamevaro collection takes seconds — search by title or scan the box barcode, and the app fills in cover art, release details and current pricing automatically. This GEN release dates back to 1993.

Price history

PAL · Item only
€63.78
+€15.53
▲ 32.2%
€47 €53 €59 €65 05-1706-0807-1007-1207-14

Market values by condition

PAL

Box Only
€24.52
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Manual Only
€43.53
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Item only
€63.78
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Complete in Box
€219.72
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New (sealed)
€549.43
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Graded New
€604.37
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NTSC-U

Box Only
€19.66
+ Add
Manual Only
€27.10
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Item only
€41.99
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Complete in Box
€69.69
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New (sealed)
€349.95
+ Add
Graded New
€710.41
+ Add

Recent sales

DateTypeRegionPriceSource
2026-07-14 Item only NTSC-U €41.99 eBay US
2026-07-14 Item only PAL €63.78 eBay NL
2026-07-12 Box Only NTSC-U €19.66 pricecharting
2026-07-12 Box Only PAL €24.52 pricecharting
2026-07-12 Complete in Box PAL €219.72 pricecharting
2026-07-12 Graded New NTSC-U €710.41 pricecharting
2026-07-12 Manual Only PAL €43.53 pricecharting
2026-07-12 Graded New PAL €604.37 pricecharting
2026-07-12 New (sealed) PAL €549.43 pricecharting
2026-07-12 New (sealed) NTSC-U €349.95 pricecharting
2026-07-12 Item only PAL €49.69 pricecharting
2026-07-12 Manual Only NTSC-U €27.10 pricecharting
2026-07-12 Item only NTSC-U €27.36 pricecharting
2026-07-12 Complete in Box NTSC-U €69.69 pricecharting
2026-07-10 Complete in Box NTSC-U €69.66 pricecharting
2026-07-10 Manual Only PAL €43.51 pricecharting
2026-07-10 New (sealed) PAL €549.19 pricecharting
2026-07-10 Box Only NTSC-U €19.65 pricecharting
2026-07-10 Manual Only NTSC-U €27.09 pricecharting
2026-07-10 Box Only PAL €24.51 pricecharting
2026-07-10 Item only PAL €49.66 pricecharting
2026-07-10 Item only NTSC-U €27.35 pricecharting
2026-07-10 Graded New NTSC-U €710.10 pricecharting
2026-07-10 Complete in Box PAL €219.62 pricecharting
2026-07-10 Graded New PAL €604.11 pricecharting
2026-07-10 New (sealed) NTSC-U €349.79 pricecharting
2026-06-18 New (sealed) PAL €540.80 pricecharting
2026-06-18 Manual Only PAL €11.52 pricecharting
2026-06-18 Item only NTSC-U €25.87 pricecharting
2026-06-18 Box Only PAL €24.18 pricecharting

Market insights

🌍
NTSC-U is 52% cheaper
The NTSC-U version (€41.99) is significantly cheaper than PAL (€63.78) loose. CIB: PAL €219.72, NTSC-U €69.69.
📈
Above average price
Current price €63.78 is above the average of €51.49 over the tracked period (range: €48.25€63.78).
📦
CIB commands 244% premium
A complete PAL copy (€219.72) costs 244% more than a loose copy (€63.78). Sealed goes for €549.43.

Rarity & condition

Shinobi III: Return of the Ninja Master has a steady sales history on the tracked marketplaces, meaning enough copies circulate to establish a reliable market price.

Complete-in-box (CIB) copies typically command a premium over loose cartridges/discs because the original box and manual are more fragile and get discarded or damaged over time — fewer complete sets survive.

Frequently asked questions

How much is Shinobi III: Return of the Ninja Master worth?

Shinobi III: Return of the Ninja Master for Sega Genesis is currently worth €63.78 loose, €219.72 complete in box, and €549.43 factory sealed. Prices are based on real sales and update regularly on Gamevaro.

Is Shinobi III: Return of the Ninja Master rare?

Shinobi III: Return of the Ninja Master has a steady sales history on the tracked marketplaces, meaning it trades hands regularly and isn't considered particularly rare.

What's the difference between loose, CIB and sealed for Shinobi III: Return of the Ninja Master?

Loose means cartridge or disc only, CIB (complete in box) includes the original box and manual, and sealed means factory-sealed and never opened. For Shinobi III: Return of the Ninja Master, loose is €63.78 and CIB is €219.72 — CIB commands a premium because original boxes and manuals are fragile and often don't survive.

Is Shinobi III: Return of the Ninja Master worth more in PAL or NTSC?

The PAL version of Shinobi III: Return of the Ninja Master is currently worth €63.78 loose, versus €41.99 for NTSC-U. Regional price differences usually come down to print run size and regional collector demand.

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Also on other platforms

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Best Time to Buy

🔴Usually expensive now. Cheapest in Jun
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Based on 110 price records over 2 years · avg €195.89

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