ASMIY (ASM International NV) Cyclically Adjusted PB Ratio: (As of Jul. 29, 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.

ASMIY ASM International NV ASMIY
98 GF Score
Price $815.01
GF Value $732.55
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is ASM International NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASM International NV  (OTCPK:ASMIY) 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.


ASM International NV Cyclically Adjusted PB Ratio Related Terms


ASM International NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASM International NV'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.

ASM International NV Cyclically Adjusted PB Ratio Chart

ASM International NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.19 5.64 10.47 11.05 9.31

ASM International NV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 10.22 9.30 9.31 11.09 0.00

ASMIY vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, ASM International NV'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.


ASM International NV Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ASMIY
98GF Score
ASM International NV ASMIY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASM International NV 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.

ASM International NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ASM International NV'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)
=104.194/138.6000*138.6000
=104.194

Current CPI (Jun. 2026) = 138.6000.

ASM International NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 35.694 100.570 49.191
201612 35.237 100.710 48.494
201703 36.375 101.440 49.700
201706 37.634 101.370 51.456
201709 38.616 102.030 52.457
201712 42.403 101.970 57.635
201803 42.089 102.470 56.929
201806 42.159 103.100 56.675
201809 37.486 103.950 49.981
201812 37.866 103.970 50.478
201903 39.286 105.370 51.675
201906 40.546 105.840 53.096
201909 41.919 106.700 54.451
201912 41.352 106.800 53.665
202003 43.132 106.850 55.948
202006 42.616 107.510 54.940
202009 44.380 107.880 57.018
202012 46.317 107.850 59.523
202103 48.857 108.870 62.199
202106 49.231 109.670 62.218
202109 51.273 110.790 64.143
202112 52.154 114.010 63.403
202203 54.676 119.460 63.436
202206 55.071 119.050 64.115
202209 50.205 126.890 54.838
202212 59.044 124.940 65.499
202303 67.021 124.720 74.480
202306 66.961 125.830 73.757
202309 69.015 127.160 75.224
202312 71.519 126.450 78.391
202403 75.587 128.580 81.477
202406 74.582 129.910 79.571
202409 77.537 131.610 81.655
202412 79.917 131.630 84.149
202503 80.584 133.330 83.769
202506 83.826 133.960 86.729
202509 92.158 135.920 93.975
202512 95.958 135.270 98.320
202603 101.418 136.910 102.670
202606 104.194 138.600 104.194

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.

Is ASM International NV (ASMIY) Overvalued in 2026?

Based on GuruFocus' analysis, ASM International NV stock appears to be overvalued. The current stock price of $815.01 is trading 11.3% above its estimated GF Value™ of $732.55. GuruFocus considers ASM International NV to be Modestly Overvalued.

Key valuation signals for ASMIY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $732.55 vs. price of $815.01 (11.3% above fair value)
  • GF Score™: 98/100 with 1 warning sign

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


ASM International NV Business Description

Address Versterkerstraat 8, Almere, FL, NLD, 1322 AP
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM's main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer's innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
98GF Score

Get the complete analysis for ASMIY

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

$815.01
Price
$732.55
GF Value