EVS (CHIX:EVSB) Cyclically Adjusted PB Ratio: 2.78 (As of Jul. 25, 2026) — Near Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:EVSB EVS SA CHIX:EVSB
83 GF Score
Price €36.90
GF Value €52.63
! 2 Warning Signs
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What is EVS Cyclically Adjusted PB Ratio?

EVS CHIX:EVSB 83 Cyclically Adjusted PB Ratio is 2.78 as of Jul. 25, 2026, which is 1% above its 10-year median of 2.76. GuruFocus rates CHIX:EVSB with a GF Score™ of 83/100 and a GF Value™ of €52.63. The stock has 2 warning signs investors should review. Among 1,979 Hardware companies, EVS ranks better than 50.93% on this metric.

As of today (2026-07-25), EVS's current share price is €36.90. EVS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €13.26. EVS's Cyclically Adjusted PB Ratio for today is 2.78.

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

CHIX:EVSb' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.76   Med: 2.76   Max: 7.09
Current: 1.95

During the past 13 years, EVS's highest Cyclically Adjusted PB Ratio was 7.09. The lowest was 1.76. And the median was 2.76.

CHIX:EVSb's Cyclically Adjusted PB Ratio is ranked better than
50.93% of 1979 companies
in the Hardware industry
Industry Median: 2.01 vs CHIX:EVSb: 1.95

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.

EVS's adjusted book value per share data of for the fiscal year that ended in Dec25 was €17.351. 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 €13.26 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


EVS  (CHIX:EVSb) 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.


EVS Cyclically Adjusted PB Ratio Related Terms


EVS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for EVS'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.

EVS Cyclically Adjusted PB Ratio Chart

EVS 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 2.41 2.19 2.61 2.52 2.73

EVS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.61 0.00 2.52 0.00 2.73

CHIX:EVSB vs CSCO, CIEN, MSI: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, EVS'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.


EVS Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


CHIX:EVSB
83GF Score
EVS SA CHIX:EVSB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EVS 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.

EVS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.90/13.26
=2.78

* 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.

EVS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, EVS's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=17.351/135.0700*135.0700
=17.351

Current CPI (Dec25) = 135.0700.

EVS Annual Data

Book Value per Share CPI Adj_Book
201612 7.215 102.614 9.497
201712 7.793 104.804 10.044
201812 9.971 107.252 12.557
201912 10.179 108.065 12.723
202012 10.487 108.511 13.054
202112 12.111 114.705 14.261
202212 13.100 126.578 13.979
202312 14.241 128.292 14.993
202412 16.158 132.346 16.491
202512 17.351 135.070 17.351

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 2.78 mean?
EVS (CHIX:EVSB) has a Cyclically Adjusted PB Ratio of 2.78 as of Jul. 25, 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 EVS and its competitors. This is near median its historical median of 2.76. Over the past decade, EVS's Cyclically Adjusted PB Ratio has ranged from 1.76 to 7.09. According to the industry distribution chart, EVS ranks #971 out of 1979 companies in the Hardware industry, placing it in the top 49.1%.
Is EVS's Cyclically Adjusted PB Ratio too high?
EVS's current Cyclically Adjusted PB Ratio of 2.78 is near median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 7.09. The Hardware industry median Cyclically Adjusted PB Ratio is 2.01. EVS's value of 2.78 is 38.3% above this industry median. Based on the distribution chart, EVS ranks #971 out of 1979 companies in the Hardware industry, which is above the industry midpoint. Overall, EVS has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does EVS's Cyclically Adjusted PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, EVS ranks #971 out of 1979 companies for Cyclically Adjusted PB Ratio. This puts EVS in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.01. EVS's value of 2.78 is 38.3% above this benchmark. Historically, EVS's own Cyclically Adjusted PB Ratio has ranged from 1.76 to 7.09 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 2.01, EVS 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.01, based on 1,979 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. EVS's current Cyclically Adjusted PB Ratio of 2.78 is 38.3% 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 EVS and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EVS's current Cyclically Adjusted PB Ratio is 2.78, which is near median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EVS stock overvalued right now?
EVS (CHIX:EVSB) has a current Cyclically Adjusted PB Ratio of 2.78. The stock's GF Value™ is €52.63, compared to a current price of €36.90 — trading 29.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.78, which is near median its 10-year median of 2.76 and 38.3% above the Hardware industry median of 2.01. EVS's overall GF Score™ is 83/100 with 2 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 EVS (CHIX:EVSB), the current Cyclically Adjusted PB Ratio is 2.78 as of Jul. 25, 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 EVS (CHIX:EVSB) Overvalued in 2026?

Based on GuruFocus' analysis, EVS stock appears to be undervalued. The current stock price of €36.90 is trading 29.9% below its estimated GF Value™ of €52.63.

Key valuation signals for CHIX:EVSB:

  • Cyclically Adjusted PB Ratio: 2.78 (near median its 10-year median of 2.76)
  • GF Value™: €52.63 vs. price of €36.90 (29.9% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 38.3% above the Hardware median (#971 of 1979)

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


EVS Business Description

Address Rue Bois Saint-Jean, 13, Liege Science Park, Seraing, BEL, 4102
EVS SA is a provider of live video technology for broadcast and new media productions. Its solutions support the production process for live sports, entertainment programs, and news content. Geographically, the company has a presence in Europe, the Middle East, Asia, Australia, and the Americas.
83GF Score

Get the complete analysis for CHIX:EVSB

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

€36.90
Price
€52.63
GF Value