Advanced Micro Devices (BSP:A1MD34) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.

BSP:A1MD34 Advanced Micro Devices Inc BSP:A1MD34
66 GF Score
Price R$391.00
GF Value R$181.85
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Advanced Micro Devices Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Micro Devices  (BSP:A1MD34) 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.


Advanced Micro Devices Cyclically Adjusted PB Ratio Related Terms


Advanced Micro Devices Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Advanced Micro Devices'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.

Advanced Micro Devices Cyclically Adjusted PB Ratio Chart

Advanced Micro Devices 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 96.47 12.78 16.29 11.33 13.00

Advanced Micro Devices 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 10.34 10.75 13.76 11.44 30.49

BSP:A1MD34 vs INTC, MU, TXN: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Advanced Micro Devices'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.


Advanced Micro Devices Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


BSP:A1MD34
66GF Score
Advanced Micro Devices Inc BSP:A1MD34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Advanced Micro Devices 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.

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

For example, Advanced Micro Devices'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)
=26.65/333.9520*333.9520
=26.650

Current CPI (Jun. 2026) = 333.9520.

Advanced Micro Devices Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.169 241.428 0.234
201612 0.181 241.432 0.250
201703 0.172 243.801 0.236
201706 0.182 244.955 0.248
201709 0.213 246.819 0.288
201712 0.256 246.524 0.347
201803 0.307 249.554 0.411
201806 0.434 251.989 0.575
201809 0.562 252.439 0.743
201812 0.610 251.233 0.811
201903 0.804 254.202 1.056
201906 0.839 256.143 1.094
201909 1.017 256.759 1.323
201912 1.215 256.974 1.579
202003 1.681 258.115 2.175
202006 1.932 257.797 2.503
202009 2.267 260.280 2.909
202012 3.129 260.474 4.012
202103 3.760 264.877 4.741
202106 3.653 271.696 4.490
202109 4.010 274.310 4.882
202112 4.325 278.802 5.181
202203 20.289 287.504 23.567
202206 22.372 296.311 25.214
202209 22.876 296.808 25.739
202212 22.415 296.797 25.221
202303 21.544 301.836 23.836
202306 20.599 305.109 22.546
202309 21.295 307.789 23.105
202312 21.001 306.746 22.864
202403 21.732 312.332 23.236
202406 24.261 314.175 25.788
202409 23.901 315.301 25.315
202412 27.408 315.605 29.001
202503 25.644 319.799 26.779
202506 25.096 322.561 25.982
202509 24.857 324.800 25.557
202512 26.474 324.054 27.283
202603 25.814 330.213 26.106
202606 26.650 333.952 26.650

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 Advanced Micro Devices (BSP:A1MD34) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Micro Devices stock appears to be overvalued. The current stock price of R$391.00 is trading 115% above its estimated GF Value™ of R$181.85. GuruFocus considers Advanced Micro Devices to be Significantly Overvalued.

Key valuation signals for BSP:A1MD34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$181.85 vs. price of R$391.00 (115% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the BSP:A1MD34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advanced Micro Devices Business Description

Address 2485 Augustine Drive, Santa Clara, CA, USA, 95054
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
66GF Score

Get the complete analysis for BSP:A1MD34

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

R$391.00
Price
R$181.85
GF Value