BESVF (BE Semiconductor Industries NV) Cyclically Adjusted PB Ratio: (As of Jul. 24, 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.
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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.

BESVF BE Semiconductor Industries NV BESVF
81 GF Score
Price $253.00
GF Value $181.54
Valuation Significantly Overvalued
! 5 Warning Signs
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What is BE Semiconductor Industries NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BE Semiconductor Industries NV  (OTCPK:BESVF) 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.


BE Semiconductor Industries NV Cyclically Adjusted PB Ratio Related Terms


BE Semiconductor Industries NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BE Semiconductor Industries 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.

BE Semiconductor Industries NV Cyclically Adjusted PB Ratio Chart

BE Semiconductor Industries 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 14.88 9.57 22.35 20.57 20.47

BE Semiconductor Industries 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 19.50 19.27 20.47 27.09 0.00

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

For the Semiconductor Equipment & Materials subindustry, BE Semiconductor Industries 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.


BE Semiconductor Industries NV Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

* The bar in red indicates where BE Semiconductor Industries NV's Cyclically Adjusted PB Ratio falls into.


BESVF
81GF Score
BE Semiconductor Industries NV BESVF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BE Semiconductor Industries 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.

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

For example, BE Semiconductor Industries 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)
=8.01/138.6000*138.6000
=8.010

Current CPI (Jun. 2026) = 138.6000.

BE Semiconductor Industries NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.819 100.570 6.641
201612 4.852 100.710 6.677
201703 5.221 101.440 7.134
201706 5.133 101.370 7.018
201709 6.108 102.030 8.297
201712 6.891 101.970 9.366
201803 7.812 102.470 10.566
201806 5.351 103.100 7.193
201809 5.696 103.950 7.595
201812 5.755 103.970 7.672
201903 5.806 105.370 7.637
201906 4.044 105.840 5.296
201909 4.120 106.700 5.352
201912 4.593 106.800 5.961
202003 4.852 106.850 6.294
202006 4.453 107.510 5.741
202009 5.327 107.880 6.844
202012 6.198 107.850 7.965
202103 7.020 108.870 8.937
202106 7.255 109.670 9.169
202109 8.290 110.790 10.371
202112 8.975 114.010 10.911
202203 9.839 119.460 11.415
202206 8.312 119.050 9.677
202209 8.179 126.890 8.934
202212 8.483 124.940 9.410
202303 8.245 124.720 9.163
202306 5.289 125.830 5.826
202309 5.192 127.160 5.659
202312 5.967 126.450 6.540
202403 6.789 128.580 7.318
202406 5.864 129.910 6.256
202409 6.498 131.610 6.843
202412 6.618 131.630 6.968
202503 7.014 133.330 7.291
202506 5.200 133.960 5.380
202509 5.370 135.920 5.476
202512 6.150 135.270 6.301
202603 6.666 136.910 6.748
202606 8.010 138.600 8.010

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 BE Semiconductor Industries NV (BESVF) Overvalued in 2026?

Based on GuruFocus' analysis, BE Semiconductor Industries NV stock appears to be overvalued. The current stock price of $253.00 is trading 39.4% above its estimated GF Value™ of $181.54. GuruFocus considers BE Semiconductor Industries NV to be Significantly Overvalued.

Key valuation signals for BESVF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $181.54 vs. price of $253.00 (39.4% above fair value)
  • GF Score™: 81/100 with 5 warning signs

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


BE Semiconductor Industries NV Business Description

Address Ratio 6, Duiven, NLD, 6921 RW
BE Semiconductor Industries supplies advanced packaging equipment for the semiconductor industry. Besi has a highly focused product portfolio coupled with a flexible business model, which allows it to maintain high gross and operating margins. Besi's main clients include the world's largest logic and memory foundries (TSMC, Samsung, Intel, and Micron) as well as integrated device manufacturers and outsourced assembly and test companies.
81GF Score

Get the complete analysis for BESVF

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

$253.00
Price
$181.54
GF Value