ASMPT (ASMVF) Cyclically Adjusted PB Ratio: (As of Aug. 03, 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.

ASMVF ASMPT Ltd ASMVF
67 GF Score
Price $21.00
GF Value $11.32
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ASMPT Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASMPT  (OTCPK:ASMVF) 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.


ASMPT Cyclically Adjusted PB Ratio Related Terms


ASMPT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASMPT'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.

ASMPT Cyclically Adjusted PB Ratio Chart

ASMPT 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 0.00 2.39 2.78 2.47 2.30

ASMPT 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 1.77 0.00 2.30 0.00 0.00

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

For the Semiconductor Equipment & Materials subindustry, ASMPT'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.


ASMPT Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ASMVF
67GF Score
ASMPT Ltd ASMVF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASMPT 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.

ASMPT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ASMPT's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

ASMPT Quarterly Data

Book Value per Share CPI Adj_Book
201206 2.080 229.478 2.993
201212 2.119 229.601 3.048
201306 2.161 233.504 3.056
201312 2.280 233.049 3.231
201406 2.491 238.343 3.451
201412 2.629 234.812 3.697
201506 2.645 238.638 3.660
201512 2.554 236.525 3.566
201606 2.712 241.018 3.716
201612 2.848 241.432 3.895
201706 3.283 244.955 4.426
201712 3.576 246.524 4.790
201806 3.737 251.989 4.897
201812 3.826 251.233 5.029
201906 3.681 256.143 4.745
201912 3.644 256.974 4.683
202006 3.653 257.797 4.679
202009 0.000 260.280 0.000
202012 4.136 260.474 5.243
202103 0.000 264.877 0.000
202106 4.240 271.696 5.153
202109 0.000 274.310 0.000
202112 4.746 278.802 5.621
202203 0.000 287.504 0.000
202206 4.767 296.311 5.312
202209 0.000 296.808 0.000
202212 4.901 296.797 5.453
202303 0.000 301.836 0.000
202306 4.827 305.109 5.224
202309 0.000 307.789 0.000
202312 4.847 306.746 5.218
202403 0.000 312.332 0.000
202406 4.767 314.175 5.010
202409 0.000 315.301 0.000
202412 4.692 315.605 4.909
202503 0.000 319.799 0.000
202506 4.992 322.561 5.110
202509 0.000 324.800 0.000
202512 5.238 324.054 5.338
202603 0.000 330.213 0.000

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 ASMPT (ASMVF) Overvalued in 2026?

Based on GuruFocus' analysis, ASMPT stock appears to be overvalued. The current stock price of $21.00 is trading 85.5% above its estimated GF Value™ of $11.32. GuruFocus considers ASMPT to be Significantly Overvalued.

Key valuation signals for ASMVF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $11.32 vs. price of $21.00 (85.5% above fair value)
  • GF Score™: 67/100 with 5 warning signs

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


ASMPT Business Description

Address 2 Yishun Avenue 7, Singapore, SGP, 768924
ASMPT designs, manufactures, and sells precision equipment used to assemble semiconductors and other electronic equipment. Listed on the Hong Kong Stock Exchange since 1989, ASMPT is headquartered in Hong Kong and has operations in Asia, Europe, and the US. It is the largest supplier globally in both the assembly and packaging equipment market and the surface mounted technology market. Recent growth has been driven by the growing use of advanced packaging in high end memory and logic semiconductors.
67GF Score

Get the complete analysis for ASMVF

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

$21.00
Price
$11.32
GF Value