EFOI (Energy Focus) Cyclically Adjusted PB Ratio: 0.11 (As of Aug. 22, 2026) — 52% Below Median

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EFOI Energy Focus Inc EFOI
45 GF Score
Price $2.92
GF Value $1.35
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Energy Focus Cyclically Adjusted PB Ratio?

Energy Focus EFOI +6.96% 45 Cyclically Adjusted PB Ratio is 0.11 as of Aug. 22, 2026, which is 52% below its 10-year median of 0.23. GuruFocus rates EFOI with a GF Score™ of 45/100 and a GF Value™ of $1.35 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 316 Furnishings, Fixtures & Appliances companies, Energy Focus ranks better than 96.52% on this metric.

As of today (2026-08-22), Energy Focus's current share price is $2.92. Energy Focus's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $25.87. Energy Focus's Cyclically Adjusted PB Ratio for today is 0.11.

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

EFOI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.23   Max: 1.14
Current: 0.11

During the past years, Energy Focus's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.02. And the median was 0.23.

EFOI's Cyclically Adjusted PB Ratio is ranked better than
96.52% of 316 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.165 vs EFOI: 0.11

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.

Energy Focus's adjusted book value per share data for the three months ended in Jun. 2026 was $0.525. 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 $25.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Energy Focus  (NAS:EFOI) 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.


Energy Focus Cyclically Adjusted PB Ratio Related Terms


Energy Focus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Energy Focus'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.

Energy Focus Cyclically Adjusted PB Ratio Chart

Energy Focus 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 0.64 0.05 0.03 0.03 0.07

Energy Focus 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 0.06 0.07 0.07 0.06 0.13

EFOI vs NTZ, MWYN, SNTW: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Energy Focus'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.


Energy Focus Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Energy Focus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


EFOI
45GF Score
Energy Focus Inc EFOI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energy Focus 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.

Energy Focus's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.92/25.87
=0.11

* 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.

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

For example, Energy Focus'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)
=0.525/333.9520*333.9520
=0.525

Current CPI (Jun. 2026) = 333.9520.

Energy Focus Quarterly Data

Book Value per Share CPI Adj_Book
201609 111.955 241.428 154.860
201612 89.367 241.432 123.614
201703 75.563 243.801 103.504
201706 66.440 244.955 90.579
201709 61.776 246.819 83.584
201712 56.909 246.524 77.091
201803 50.047 249.554 66.973
201806 45.081 251.989 59.744
201809 40.122 252.439 53.077
201812 32.035 251.233 42.583
201903 24.233 254.202 31.836
201906 17.428 256.143 22.722
201909 14.844 256.759 19.307
201912 11.259 256.974 14.632
202003 12.960 258.115 16.768
202006 3.734 257.797 4.837
202009 4.365 260.280 5.601
202012 8.442 260.474 10.823
202103 6.232 264.877 7.857
202106 7.718 271.696 9.486
202109 6.193 274.310 7.540
202112 6.823 278.802 8.173
202203 3.722 287.504 4.323
202206 3.737 296.311 4.212
202209 1.162 296.808 1.307
202212 -0.339 296.797 -0.381
202303 1.075 301.836 1.189
202306 0.886 305.109 0.970
202309 0.895 307.789 0.971
202312 0.702 306.746 0.764
202403 0.682 312.332 0.729
202406 0.669 314.175 0.711
202409 0.610 315.301 0.646
202412 0.554 315.605 0.586
202503 0.530 319.799 0.553
202506 0.514 322.561 0.532
202509 0.547 324.800 0.562
202512 0.652 324.054 0.672
202603 0.630 330.213 0.637
202606 0.525 333.952 0.525

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 0.11 mean?
Energy Focus (EFOI) has a Cyclically Adjusted PB Ratio of 0.11 as of Aug. 22, 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 Energy Focus and its competitors. This is 52% below median its historical median of 0.23. Over the past decade, Energy Focus' Cyclically Adjusted PB Ratio has ranged from 0.02 to 1.14. According to the industry distribution chart, Energy Focus ranks #11 out of 316 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 3.5%.
Is Energy Focus' Cyclically Adjusted PB Ratio too high?
Energy Focus' current Cyclically Adjusted PB Ratio of 0.11 is 52% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.14. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.17. Energy Focus' value of 0.11 is 90.6% below this industry median. Based on the distribution chart, Energy Focus ranks #11 out of 316 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Energy Focus has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energy Focus' Cyclically Adjusted PB Ratio compare to NTZ and MWYN?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Energy Focus ranks #11 out of 316 companies for Cyclically Adjusted PB Ratio. This places Energy Focus in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. Energy Focus' value of 0.11 is 90.6% below this benchmark. Historically, Energy Focus' own Cyclically Adjusted PB Ratio has ranged from 0.02 to 1.14 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.17, Energy Focus 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.17, based on 316 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. Energy Focus's current Cyclically Adjusted PB Ratio of 0.11 is 90.6% 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 Energy Focus and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Focus's current Cyclically Adjusted PB Ratio is 0.11, which is 52% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Focus stock overvalued right now?
Based on GuruFocus' analysis, Energy Focus (EFOI) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.35, compared to a current price of $2.92 — trading 116.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.11, which is 52% below median its 10-year median of 0.23 and 90.6% below the Furnishings, Fixtures & Appliances industry median of 1.17. Energy Focus' overall GF Score™ is 45/100 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 Energy Focus (EFOI), the current Cyclically Adjusted PB Ratio is 0.11 as of Aug. 22, 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 Energy Focus (EFOI) Overvalued in 2026?

Based on GuruFocus' analysis, Energy Focus stock appears to be overvalued. The current stock price of $2.92 is trading 116.3% above its estimated GF Value™ of $1.35. GuruFocus considers Energy Focus to be Significantly Overvalued.

Key valuation signals for EFOI:

  • Cyclically Adjusted PB Ratio: 0.11 (52% below median its 10-year median of 0.23)
  • GF Value™: $1.35 vs. price of $2.92 (116.3% above fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 90.6% below the Furnishings, Fixtures & Appliances median (#11 of 316)

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


Energy Focus Business Description

Address 32000 Aurora Road, Suite B, Solon, OH, USA, 44139
Energy Focus Inc specializes in designing, developing, manufacturing, and selling energy-efficient lighting systems and controls. It provides LED lighting solutions for both commercial and military maritime markets (MMM). Its core products include robust lighting fixtures and lamps for navy and military applications, Energy Storage Systems (ESS), Uninterruptible Power Supply (UPS), and tubular LED (TLED) lighting products, including battery backup units as well as general commercial and maritime lighting fixtures. The company operates in a single business segment that includes the marketing and sale of commercial and MMM lighting products and controls. The company generates a majority of its revenue from the sales of military maritime products in the United States.
45GF Score

Get the complete analysis for EFOI

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

$2.92
Price
$1.35
GF Value