Analog Devices (MEX:ADI) Cyclically Adjusted Book per Share: MXN978.50 (As of Apr. 2026)

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.

MEX:ADI Analog Devices Inc MEX:ADI
79 GF Score
Price MXN6,371.59
GF Value MXN5,340.02
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Analog Devices Cyclically Adjusted Book per Share?

Analog Devices MEX:ADI -1.41% 79 Cyclically Adjusted Book per Share is MXN978.50 as of Apr. 2026. GuruFocus rates MEX:ADI with a GF Score™ of 79/100 and a GF Value™ of MXN5,340.02 (Modestly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Analog Devices's adjusted book value per share for the three months ended in Apr. 2026 was MXN1,213.395. 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 MXN978.50 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Analog Devices's average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 16.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Analog Devices was 22.40% per year. The lowest was 4.20% per year. And the median was 13.80% per year.

As of today (2026-08-01), Analog Devices's current stock price is MXN6371.59. Analog Devices's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was MXN978.50. Analog Devices's Cyclically Adjusted PB Ratio of today is 6.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Analog Devices was 7.73. The lowest was 3.44. And the median was 5.52.


Analog Devices  (MEX:ADI) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Analog Devices's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6371.59/978.50
=6.51

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Analog Devices was 7.73. The lowest was 3.44. And the median was 5.52.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Analog Devices Cyclically Adjusted Book per Share Related Terms


Analog Devices Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Analog Devices's Cyclically Adjusted Book per Share 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.

Analog Devices Cyclically Adjusted Book per Share Chart

Analog Devices Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 527.65 664.34 740.22 971.29 994.25

Analog Devices Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted Book per Share 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 967.32 968.90 994.25 940.39 978.50

MEX:ADI vs QCOM, MRVL, TXN: Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Analog Devices'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.


Analog Devices Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Analog Devices's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:ADI
79GF Score
Analog Devices Inc MEX:ADI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Analog Devices Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Analog Devices'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)
=1213.395/333.0200*333.0200
=1,213.395

Current CPI (Apr. 2026) = 333.0200.

Analog Devices Quarterly Data

Book Value per Share CPI Adj_Book
201607 304.066 240.628 420.816
201610 314.961 241.729 433.909
201701 357.567 242.839 490.354
201704 514.174 244.524 700.259
201707 481.992 244.786 655.728
201710 527.295 246.663 711.902
201801 521.063 247.867 700.071
201804 535.736 250.546 712.088
201807 543.234 252.006 717.871
201810 616.590 252.885 811.977
201901 599.303 251.712 792.890
201904 603.196 255.548 786.061
201907 606.195 256.571 786.819
201910 609.587 257.346 788.839
202001 599.682 257.971 774.142
202004 754.393 256.389 979.870
202007 709.080 259.101 911.374
202010 690.876 260.388 883.587
202101 663.706 261.582 844.964
202104 665.348 267.054 829.698
202107 661.003 273.003 806.318
202110 1,486.272 276.589 1,789.508
202201 1,475.951 281.148 1,748.265
202204 1,453.070 289.109 1,673.768
202207 1,450.536 296.276 1,630.431
202210 1,421.106 298.012 1,588.046
202301 1,357.549 299.170 1,511.151
202304 1,291.912 303.363 1,418.210
202307 1,204.561 305.691 1,312.250
202310 1,293.787 307.671 1,400.382
202401 1,231.238 308.417 1,329.456
202404 1,212.156 313.548 1,287.433
202407 1,318.142 314.540 1,395.586
202410 1,419.777 315.664 1,497.840
202501 1,458.680 317.671 1,529.159
202504 1,382.186 320.795 1,434.859
202507 1,302.378 323.048 1,342.580
202510 1,280.831 0.000
202601 1,200.697 325.252 1,229.373
202604 1,213.395 333.020 1,213.395

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN978.50 mean?
Analog Devices (MEX:ADI) has a Cyclically Adjusted Book per Share of MXN978.50 as of Apr. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Analog Devices and its competitors.
Is Analog Devices' Cyclically Adjusted Book per Share too high?
Analog Devices' current Cyclically Adjusted Book per Share is MXN978.50. Overall, Analog Devices has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Analog Devices' Cyclically Adjusted Book per Share compare to QCOM and MRVL?
Analog Devices' Cyclically Adjusted Book per Share of MXN978.50 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Semiconductors company?
A good Cyclically Adjusted Book per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Analog Devices and its competitors. Analog Devices's current Cyclically Adjusted Book per Share is MXN978.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analog Devices stock overvalued right now?
Based on GuruFocus' analysis, Analog Devices (MEX:ADI) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN5,340.02, compared to a current price of MXN6,371.59 — trading 19.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN978.50. Analog Devices' overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Analog Devices (MEX:ADI), the current Cyclically Adjusted Book per Share is MXN978.50 as of Apr. 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 Analog Devices (MEX:ADI) Overvalued in 2026?

Based on GuruFocus' analysis, Analog Devices stock appears to be overvalued. The current stock price of MXN6,371.59 is trading 19.3% above its estimated GF Value™ of MXN5,340.02. GuruFocus considers Analog Devices to be Modestly Overvalued.

Key valuation signals for MEX:ADI:

  • Cyclically Adjusted Book per Share: MXN978.50
  • GF Value™: MXN5,340.02 vs. price of MXN6,371.59 (19.3% above fair value)
  • GF Score™: 79/100 with 6 warning signs

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


Analog Devices Business Description

Address One Analog Way, Wilmington, MA, USA, 01887
Analog Devices is a leading analog, mixed-signal, and digital-signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment.
79GF Score

Get the complete analysis for MEX:ADI

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

MXN6,371.59
Price
MXN5,340.02
GF Value