F5 (MIL:1FFIV) Cyclically Adjusted Book per Share: €39.57 (As of Jun. 2026)

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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.
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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.

MIL:1FFIV F5 Inc MIL:1FFIV
64 GF Score
Price €350.80
GF Value €259.79
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is F5 Cyclically Adjusted Book per Share?

F5 MIL:1FFIV 64 Cyclically Adjusted Book per Share is €39.57 as of Jun. 2026. GuruFocus rates MIL:1FFIV with a GF Score™ of 64/100 and a GF Value™ of €259.79 (Significantly Overvalued). The stock has 5 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.

F5's adjusted book value per share for the three months ended in Jun. 2026 was €58.895. 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 €39.57 for the trailing ten years ended in Jun. 2026.

During the past 12 months, F5's average Cyclically Adjusted Book Growth Rate was 13.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 F5 was 19.80% per year. The lowest was 8.30% per year. And the median was 12.60% per year.

As of today (2026-08-01), F5's current stock price is €350.80. F5's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €39.57. F5's Cyclically Adjusted PB Ratio of today is 8.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of F5 was 11.43. The lowest was 4.34. And the median was 7.43.


F5  (MIL:1FFIV) 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.

F5's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=350.80/39.57
=8.87

* 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 F5 was 11.43. The lowest was 4.34. And the median was 7.43.


Be Aware

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


F5 Cyclically Adjusted Book per Share Related Terms


F5 Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for F5'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.

F5 Cyclically Adjusted Book per Share Chart

F5 Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

F5 Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 36.25 37.18 39.57

MIL:1FFIV vs ZS, MDB, OKTA: Cyclically Adjusted Book per Share Comparison

For the Software - Infrastructure subindustry, F5'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.


F5 Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted PB Ratio falls into.


MIL:1FFIV
64GF Score
F5 Inc MIL:1FFIV
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

F5 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, F5'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)
=58.895/333.9520*333.9520
=58.895

Current CPI (Jun. 2026) = 333.9520.

F5 Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.169 241.428 22.366
201612 17.486 241.432 24.187
201703 17.276 243.801 23.664
201706 16.872 244.955 23.002
201709 16.479 246.819 22.296
201712 16.767 246.524 22.713
201803 16.277 249.554 21.782
201806 17.818 251.989 23.614
201809 18.296 252.439 24.204
201812 20.625 251.233 27.416
201903 21.755 254.202 28.580
201906 23.899 256.143 31.159
201909 26.495 256.759 34.461
201912 28.560 256.974 37.115
202003 29.827 258.115 38.590
202006 31.271 257.797 40.509
202009 31.018 260.280 39.798
202012 32.031 260.474 41.067
202103 28.085 264.877 35.409
202106 30.175 271.696 37.089
202109 33.077 274.310 40.269
202112 35.064 278.802 42.000
202203 35.998 287.504 41.814
202206 36.899 296.311 41.586
202209 41.658 296.808 46.871
202212 40.550 296.797 45.626
202303 42.102 301.836 46.582
202306 41.367 305.109 45.278
202309 44.316 307.789 48.083
202312 44.620 306.746 48.577
202403 46.044 312.332 49.231
202406 47.989 314.175 51.010
202409 48.535 315.301 51.406
202412 53.157 315.605 56.247
202503 52.927 319.799 55.269
202506 52.015 322.561 53.852
202509 53.054 324.800 54.549
202512 53.117 324.054 54.739
202603 55.625 330.213 56.255
202606 58.895 333.952 58.895

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 €39.57 mean?
F5 (MIL:1FFIV) has a Cyclically Adjusted Book per Share of €39.57 as of Jun. 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 F5 and its competitors.
Is F5's Cyclically Adjusted Book per Share too high?
F5's current Cyclically Adjusted Book per Share is €39.57. Overall, F5 has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does F5's Cyclically Adjusted Book per Share compare to ZS and MDB?
F5's Cyclically Adjusted Book per Share of €39.57 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Book per Share depends on the Software 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 F5 and its competitors. F5's current Cyclically Adjusted Book per Share is €39.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is F5 stock overvalued right now?
Based on GuruFocus' analysis, F5 (MIL:1FFIV) is currently considered Significantly Overvalued. The stock's GF Value™ is €259.79, compared to a current price of €350.80 — trading 35% above its estimated fair value. The current Cyclically Adjusted Book per Share is €39.57. F5's overall GF Score™ is 64/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For F5 (MIL:1FFIV), the current Cyclically Adjusted Book per Share is €39.57 as of Jun. 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 F5 (MIL:1FFIV) Overvalued in 2026?

Based on GuruFocus' analysis, F5 stock appears to be overvalued. The current stock price of €350.80 is trading 35% above its estimated GF Value™ of €259.79. GuruFocus considers F5 to be Significantly Overvalued.

Key valuation signals for MIL:1FFIV:

  • Cyclically Adjusted Book per Share: €39.57
  • GF Value™: €259.79 vs. price of €350.80 (35% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the MIL:1FFIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


F5 Business Description

Other Exchanges FFIV:USA0IL6:UKFFV:Germany
Address 801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.
64GF Score

Get the complete analysis for MIL:1FFIV

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

€350.80
Price
€259.79
GF Value