TELWY (Tokyo Electron) Cyclically Adjusted Book per Share: $ (As of Jun. 2026)

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TELWY Tokyo Electron Ltd TELWY
94 GF Score
Price $169.07
GF Value $117.20
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Tokyo Electron Cyclically Adjusted Book per Share?

Tokyo Electron TELWY 94 Cyclically Adjusted Book per Share is $ as of Jun. 2026. GuruFocus rates TELWY with a GF Score™ of 94/100 and a GF Value™ of $117.20 (Significantly Overvalued). The stock has 2 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.

Tokyo Electron's adjusted book value per share for the three months ended in Jun. 2026 was $14.500. 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 $ for the trailing ten years ended in Jun. 2026.

During the past 12 months, Tokyo Electron's average Cyclically Adjusted Book Growth Rate was 14.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 Tokyo Electron was 16.00% per year. The lowest was 6.20% per year. And the median was 9.70% per year.

As of today (2026-09-20), Tokyo Electron's current stock price is $169.07. Tokyo Electron's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $. Tokyo Electron's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tokyo Electron was 27.45. The lowest was 2.86. And the median was 9.10.


Tokyo Electron  (OTCPK:TELWY) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tokyo Electron was 27.45. The lowest was 2.86. And the median was 9.10.


Be Aware

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


Tokyo Electron Cyclically Adjusted Book per Share Related Terms


Tokyo Electron Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Tokyo Electron'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.

Tokyo Electron Cyclically Adjusted Book per Share Chart

Tokyo Electron Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
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Tokyo Electron Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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TELWY vs LRCX, AMAT, KLAC: Cyclically Adjusted Book per Share Comparison

For the Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.


Tokyo Electron Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TELWY
94GF Score
Tokyo Electron Ltd TELWY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Electron 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, Tokyo Electron'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)
=14.5/113.6000*113.6000
=14.500

Current CPI (Jun. 2026) = 113.6000.

Tokyo Electron Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.816 98.000 6.742
201612 5.179 98.400 5.979
201703 5.889 98.100 6.819
201706 5.923 98.500 6.831
201709 6.388 98.800 7.345
201712 6.397 99.400 7.311
201803 7.367 99.200 8.436
201806 7.081 99.200 8.109
201809 7.605 99.900 8.648
201812 7.616 99.700 8.678
201903 8.156 99.700 9.293
201906 7.870 99.800 8.958
201909 7.864 100.100 8.925
201912 7.695 100.500 8.698
202003 8.236 100.300 9.328
202006 8.427 99.900 9.583
202009 9.129 99.900 10.381
202012 9.413 99.300 10.769
202103 9.935 99.900 11.297
202106 10.348 99.500 11.814
202109 11.377 100.100 12.911
202112 11.313 100.100 12.839
202203 11.876 101.100 13.344
202206 10.356 101.800 11.556
202209 11.011 103.100 12.132
202212 11.608 104.100 12.667
202303 12.830 104.400 13.961
202306 11.404 105.200 12.315
202309 11.079 106.200 11.851
202312 12.087 106.800 12.857
202403 12.560 107.200 13.310
202406 11.963 108.200 12.560
202409 13.639 108.900 14.228
202412 12.465 110.700 12.792
202503 13.541 111.100 13.846
202506 14.149 111.700 14.390
202509 14.805 112.000 15.017
202512 13.954 113.000 14.028
202603 14.303 112.700 14.417
202606 14.500 113.600 14.500

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 $ mean?
Tokyo Electron (TELWY) has a Cyclically Adjusted Book per Share of $ 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 Tokyo Electron and its competitors.
Is Tokyo Electron's Cyclically Adjusted Book per Share too high?
Tokyo Electron's current Cyclically Adjusted Book per Share is $. Overall, Tokyo Electron has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's Cyclically Adjusted Book per Share compare to LRCX and AMAT?
Tokyo Electron's Cyclically Adjusted Book per Share of $ 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 Tokyo Electron and its competitors. Tokyo Electron's current Cyclically Adjusted Book per Share is $. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TELWY) is currently considered Significantly Overvalued. The stock's GF Value™ is $117.20, compared to a current price of $169.07 — trading 44.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is $. Tokyo Electron's overall GF Score™ is 94/100 with 2 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 Tokyo Electron (TELWY), the current Cyclically Adjusted Book per Share is $ 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 Tokyo Electron (TELWY) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued. The current stock price of $169.07 is trading 44.3% above its estimated GF Value™ of $117.20. GuruFocus considers Tokyo Electron to be Significantly Overvalued.

Key valuation signals for TELWY:

  • Cyclically Adjusted Book per Share: $
  • GF Value™: $117.20 vs. price of $169.07 (44.3% above fair value)
  • GF Score™: 94/100 with 2 warning signs

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


Tokyo Electron Business Description

Address 5-3-1 Akasaka, 38th Floor, Akasaka Biz Tower, Minato-ku, Tokyo, JPN, 107-6325
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
94GF Score

Get the complete analysis for TELWY

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

$169.07
Price
$117.20
GF Value