ATGN (AltiGen Communications) Cyclically Adjusted PB Ratio: 0.90 (As of Sep. 06, 2026) — 42% Below Median

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ATGN AltiGen Communications Inc ATGN
48 GF Score
Price $0.49
GF Value $0.56
Valuation Modestly Undervalued
! 5 Warning Signs
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What is AltiGen Communications Cyclically Adjusted PB Ratio?

AltiGen Communications ATGN -2.02% 48 Cyclically Adjusted PB Ratio is 0.90 as of Sep. 06, 2026, which is 42% below its 10-year median of 1.56. GuruFocus rates ATGN with a GF Scoreâ„¢ of 48/100 and a GF Valueâ„¢ of $0.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 289 Telecommunication Services companies, AltiGen Communications ranks better than 70.93% on this metric.

As of today (2026-09-06), AltiGen Communications's current share price is $0.485. AltiGen Communications's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.54. AltiGen Communications's Cyclically Adjusted PB Ratio for today is 0.90.

The historical rank and industry rank for AltiGen Communications's Cyclically Adjusted PB Ratio or its related term are showing as below:

ATGN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1.56   Max: 7.3
Current: 0.9

During the past years, AltiGen Communications's highest Cyclically Adjusted PB Ratio was 7.30. The lowest was 0.27. And the median was 1.56.

ATGN's Cyclically Adjusted PB Ratio is ranked better than
70.93% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.75 vs ATGN: 0.90

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.

AltiGen Communications's adjusted book value per share data for the three months ended in Jun. 2026 was $0.544. 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 $0.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AltiGen Communications  (OTCPK:ATGN) 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.


AltiGen Communications Cyclically Adjusted PB Ratio Related Terms


AltiGen Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AltiGen Communications'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.

AltiGen Communications Cyclically Adjusted PB Ratio Chart

AltiGen Communications Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.12 2.54 1.59 1.33 1.28

AltiGen Communications 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 1.29 1.28 0.86 0.88 0.93

ATGN vs IOTR, UCL, IQST: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, AltiGen Communications'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.


AltiGen Communications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AltiGen Communications's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ATGN
48GF Score
AltiGen Communications Inc ATGN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AltiGen Communications 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.

AltiGen Communications's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.485/0.54
=0.90

* 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.

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

For example, AltiGen Communications'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)
=0.544/333.9520*333.9520
=0.544

Current CPI (Jun. 2026) = 333.9520.

AltiGen Communications Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.041 241.428 0.057
201612 0.045 241.432 0.062
201703 0.045 243.801 0.062
201706 0.049 244.955 0.067
201709 0.059 246.819 0.080
201712 0.074 246.524 0.100
201803 0.091 249.554 0.122
201806 0.095 251.989 0.126
201809 0.491 252.439 0.650
201812 0.518 251.233 0.689
201903 0.535 254.202 0.703
201906 0.562 256.143 0.733
201909 0.574 256.759 0.747
201912 0.596 256.974 0.775
202003 0.618 258.115 0.800
202006 0.636 257.797 0.824
202009 0.637 260.280 0.817
202012 0.639 260.474 0.819
202103 0.621 264.877 0.783
202106 0.664 271.696 0.816
202109 0.609 274.310 0.741
202112 0.610 278.802 0.731
202203 0.611 287.504 0.710
202206 0.617 296.311 0.695
202209 0.586 296.808 0.659
202212 0.580 296.797 0.653
202303 0.573 301.836 0.634
202306 0.000 305.109 0.000
202309 0.455 307.789 0.494
202312 0.442 306.746 0.481
202403 0.433 312.332 0.463
202406 0.436 314.175 0.463
202409 0.520 315.301 0.551
202412 0.510 315.605 0.540
202503 0.516 319.799 0.539
202506 0.521 322.561 0.539
202509 0.531 324.800 0.546
202512 0.535 324.054 0.551
202603 0.543 330.213 0.549
202606 0.544 333.952 0.544

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.

What does a Cyclically Adjusted PB Ratio of 0.90 mean?
AltiGen Communications (ATGN) has a Cyclically Adjusted PB Ratio of 0.90 as of Sep. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AltiGen Communications and its competitors. This is 42% below median its historical median of 1.56. Over the past decade, AltiGen Communications' Cyclically Adjusted PB Ratio has ranged from 0.27 to 7.30. According to the industry distribution chart, AltiGen Communications ranks #84 out of 289 companies in the Telecommunication Services industry, placing it in the top 29.1%.
Is AltiGen Communications' Cyclically Adjusted PB Ratio too high?
AltiGen Communications' current Cyclically Adjusted PB Ratio of 0.90 is 42% below median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 7.30. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.75. AltiGen Communications' value of 0.90 is 48.6% below this industry median. Based on the distribution chart, AltiGen Communications ranks #84 out of 289 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, AltiGen Communications has a GF Scoreâ„¢ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AltiGen Communications' Cyclically Adjusted PB Ratio compare to IOTR and UCL?
According to the Telecommunication Services industry distribution chart, AltiGen Communications ranks #84 out of 289 companies for Cyclically Adjusted PB Ratio. This puts AltiGen Communications in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.75. AltiGen Communications' value of 0.90 is 48.6% below this benchmark. Historically, AltiGen Communications' own Cyclically Adjusted PB Ratio has ranged from 0.27 to 7.30 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.75, AltiGen Communications has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.75, based on 289 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AltiGen Communications's current Cyclically Adjusted PB Ratio of 0.90 is 48.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AltiGen Communications and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AltiGen Communications's current Cyclically Adjusted PB Ratio is 0.90, which is 42% below median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AltiGen Communications stock overvalued right now?
Based on GuruFocus' analysis, AltiGen Communications (ATGN) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.56, compared to a current price of $0.49 — trading 13.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 42% below median its 10-year median of 1.56 and 48.6% below the Telecommunication Services industry median of 1.75. AltiGen Communications' overall GF Score™ is 48/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For AltiGen Communications (ATGN), the current Cyclically Adjusted PB Ratio is 0.90 as of Sep. 06, 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 AltiGen Communications (ATGN) Overvalued in 2026?

Based on GuruFocus' analysis, AltiGen Communications stock appears to be undervalued. The current stock price of $0.49 is trading 13.4% below its estimated GF Value™ of $0.56. GuruFocus considers AltiGen Communications to be Modestly Undervalued.

Key valuation signals for ATGN:

  • Cyclically Adjusted PB Ratio: 0.90 (42% below median its 10-year median of 1.56)
  • GF Value™: $0.56 vs. price of $0.49 (13.4% below fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 48.6% below the Telecommunication Services median (#84 of 289)

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


AltiGen Communications Business Description

Address 39899 Balentine Drive, Suite 112, Newark, CA, USA, 94560
AltiGen Communications Inc is a provider of cloud-based Internet Protocol-private branch exchange (IP-PBX) and Contact Center solutions. The company designs, delivers, and supports Voice over Internet Protocol (VoIP) phone systems and call center solutions. Its Unified Communications solutions are designed with an open architecture, and its integrated Internet protocol (IP) applications suite provides customers with a business communications solution. It derives a majority of its revenue from the Hosted services.
48GF Score

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

$0.49
Price
$0.56
GF Value