Aixtron SE (CHIX:AIXAD) Cyclically Adjusted PB Ratio: 7.79 (As of Jul. 18, 2026) — 161% Above Median

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.

CHIX:AIXAD Aixtron SE CHIX:AIXAD
79 GF Score
Price €43.80
GF Value €15.81
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Aixtron SE Cyclically Adjusted PB Ratio?

Aixtron SE CHIX:AIXAD 79 Cyclically Adjusted PB Ratio is 7.79 as of Jul. 18, 2026, which is 161% above its 10-year median of 2.99. GuruFocus rates CHIX:AIXAD with a GF Score™ of 79/100 and a GF Value™ of €15.81 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 736 Semiconductors companies, Aixtron SE ranks worse than 72.01% on this metric.

As of today (2026-07-18), Aixtron SE's current share price is €43.80. Aixtron SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.62. Aixtron SE's Cyclically Adjusted PB Ratio for today is 7.79.

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

CHIX:AIXAd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 2.99   Max: 10.35
Current: 7.55

During the past years, Aixtron SE's highest Cyclically Adjusted PB Ratio was 10.35. The lowest was 0.75. And the median was 2.99.

CHIX:AIXAd's Cyclically Adjusted PB Ratio is ranked worse than
72.01% of 736 companies
in the Semiconductors industry
Industry Median: 3.47 vs CHIX:AIXAd: 7.55

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.

Aixtron SE's adjusted book value per share data for the three months ended in Mar. 2026 was €7.889. 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 €5.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aixtron SE  (CHIX:AIXAd) 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.


Aixtron SE Cyclically Adjusted PB Ratio Related Terms


Aixtron SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aixtron SE'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.

Aixtron SE Cyclically Adjusted PB Ratio Chart

Aixtron SE 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 4.15 5.92 7.95 2.92 3.08

Aixtron SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.91 2.88 2.67 3.08 5.66

CHIX:AIXAD vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Aixtron SE'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.


Aixtron SE Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


CHIX:AIXAD
79GF Score
Aixtron SE CHIX:AIXAD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aixtron SE 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.

Aixtron SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.80/5.62
=7.79

* 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.

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

For example, Aixtron SE'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)
=7.889/131.2583*131.2583
=7.889

Current CPI (Mar. 2026) = 131.2583.

Aixtron SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.272 100.717 4.264
201609 3.223 101.017 4.188
201612 3.311 101.217 4.294
201703 3.197 101.417 4.138
201706 3.043 102.117 3.911
201709 3.065 102.717 3.917
201712 3.300 102.617 4.221
201803 3.405 102.917 4.343
201806 3.470 104.017 4.379
201809 3.572 104.718 4.477
201812 3.832 104.217 4.826
201903 3.936 104.217 4.957
201906 3.983 105.718 4.945
201909 4.025 106.018 4.983
201912 4.137 105.818 5.132
202003 4.088 105.718 5.076
202006 4.148 106.618 5.107
202009 4.206 105.818 5.217
202012 4.429 105.518 5.509
202103 4.505 107.518 5.500
202106 4.487 108.486 5.429
202109 4.789 109.435 5.744
202112 5.276 110.384 6.274
202203 5.413 113.968 6.234
202206 5.287 115.760 5.995
202209 5.475 118.818 6.048
202212 5.900 119.345 6.489
202303 5.939 122.402 6.369
202306 6.000 123.140 6.396
202309 6.372 124.195 6.734
202312 6.908 123.773 7.326
202403 7.021 125.038 7.370
202406 6.734 125.882 7.022
202409 7.014 126.198 7.295
202412 7.525 127.041 7.775
202503 7.549 127.779 7.755
202506 7.527 128.412 7.694
202509 7.641 129.255 7.759
202512 8.070 129.361 8.188
202603 7.889 131.258 7.889

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 7.79 mean?
Aixtron SE (CHIX:AIXAD) has a Cyclically Adjusted PB Ratio of 7.79 as of Jul. 18, 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 Aixtron SE and its competitors. This is 161% above median its historical median of 2.99. Over the past decade, Aixtron SE's Cyclically Adjusted PB Ratio has ranged from 0.75 to 10.35. According to the industry distribution chart, Aixtron SE ranks #530 out of 736 companies in the Semiconductors industry, placing it in the top 72%.
Is Aixtron SE's Cyclically Adjusted PB Ratio too high?
Aixtron SE's current Cyclically Adjusted PB Ratio of 7.79 is 161% above median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 10.35. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.47. Aixtron SE's value of 7.79 is 124.5% above this industry median. Based on the distribution chart, Aixtron SE ranks #530 out of 736 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Aixtron SE has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aixtron SE's Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Aixtron SE ranks #530 out of 736 companies for Cyclically Adjusted PB Ratio. This places Aixtron SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.47. Aixtron SE's value of 7.79 is 124.5% above this benchmark. Historically, Aixtron SE's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 10.35 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 3.47, Aixtron SE has consistently been above 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.47, based on 736 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. Aixtron SE's current Cyclically Adjusted PB Ratio of 7.79 is 124.5% above 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 Aixtron SE and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aixtron SE's current Cyclically Adjusted PB Ratio is 7.79, which is 161% above median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aixtron SE stock overvalued right now?
Based on GuruFocus' analysis, Aixtron SE (CHIX:AIXAD) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.81, compared to a current price of €43.80 — trading 177% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.79, which is 161% above median its 10-year median of 2.99 and 124.5% above the Semiconductors industry median of 3.47. Aixtron SE's overall GF Score™ is 79/100 with 3 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 Aixtron SE (CHIX:AIXAD), the current Cyclically Adjusted PB Ratio is 7.79 as of Jul. 18, 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 Aixtron SE (CHIX:AIXAD) Overvalued in 2026?

Based on GuruFocus' analysis, Aixtron SE stock appears to be overvalued. The current stock price of €43.80 is trading 177% above its estimated GF Value™ of €15.81. GuruFocus considers Aixtron SE to be Significantly Overvalued.

Key valuation signals for CHIX:AIXAD:

  • Cyclically Adjusted PB Ratio: 7.79 (161% above median its 10-year median of 2.99)
  • GF Value™: €15.81 vs. price of €43.80 (177% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 124.5% above the Semiconductors median (#530 of 736)

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


Aixtron SE Business Description

Address Dornkaulstrasse 2, Herzogenrath, NW, DEU, 52134
Aixtron SE is a provider of deposition equipment to the semiconductor industry. The company's technology solutions are used by a diverse range of customers to build components for electronic and optoelectronic applications based on compound, silicon, or organic semiconductor materials. Its components are used in displays, signaling, lighting, fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, as well as in other applications. Business operation of the group can be seen in the market of Germany, the USA, Korea, China, Taiwan, Japan, and Malaysia.
79GF Score

Get the complete analysis for CHIX:AIXAD

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

€43.80
Price
€15.81
GF Value