Ascent Solar Technologies (FRA:A8M) Cyclically Adjusted PB Ratio: (As of Aug. 09, 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.
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.

FRA:A8M Ascent Solar Technologies Inc FRA:A8M
16 GF Score
Price €2.60
GF Value €0.51
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ascent Solar Technologies Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ascent Solar Technologies  (FRA:A8M) 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.


Ascent Solar Technologies Cyclically Adjusted PB Ratio Related Terms


Ascent Solar Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ascent Solar Technologies'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.

Ascent Solar Technologies Cyclically Adjusted PB Ratio Chart

Ascent Solar Technologies 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 0.00 0.00 0.00 0.00 0.00

Ascent Solar Technologies 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 0.00 0.00 0.00 0.00 0.00

FRA:A8M vs BEEM, SMXT, ZEO: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, Ascent Solar Technologies'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.


Ascent Solar Technologies Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


FRA:A8M
16GF Score
Ascent Solar Technologies Inc FRA:A8M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ascent Solar Technologies 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.

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

For example, Ascent Solar Technologies'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)
=1.531/330.2130*330.2130
=1.531

Current CPI (Mar. 2026) = 330.2130.

Ascent Solar Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.000 254.202 0.000
201906 0.000 256.143 0.000
201909 0.000 256.759 0.000
201912 0.000 256.974 0.000
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 0.000 260.474 0.000
202103 -2,251.000 264.877 -2,806.244
202106 -2,927.000 271.696 -3,557.408
202109 -1,962.500 274.310 -2,362.448
202112 -1,254.000 278.802 -1,485.237
202203 936.000 287.504 1,075.044
202206 -121.500 296.311 -135.401
202209 861.500 296.808 958.460
202212 2,164.500 296.797 2,408.198
202303 -1,018.000 301.836 -1,113.707
202306 -859.333 305.109 -930.038
202309 -544.800 307.789 -584.491
202312 -38.889 306.746 -41.864
202403 -35.015 312.332 -37.020
202406 3.905 314.175 4.104
202409 2.351 315.301 2.462
202412 2.219 315.605 2.322
202503 1.397 319.799 1.442
202506 1.109 322.561 1.135
202509 0.649 324.800 0.660
202512 0.612 324.054 0.624
202603 1.531 330.213 1.531

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 Ascent Solar Technologies (FRA:A8M) Overvalued in 2026?

Based on GuruFocus' analysis, Ascent Solar Technologies stock appears to be overvalued. The current stock price of €2.60 is trading 409.8% above its estimated GF Value™ of €0.51. GuruFocus considers Ascent Solar Technologies to be Significantly Overvalued.

Key valuation signals for FRA:A8M:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.51 vs. price of €2.60 (409.8% above fair value)
  • GF Score™: 16/100 with 6 warning signs

No single metric tells the full story. See the FRA:A8M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ascent Solar Technologies Business Description

Other Exchanges ASTI:USA
Address 12300 Grant Street, Thornton, CO, USA, 80241
Ascent Solar Technologies Inc is a solar technology company that manufactures and sells photovoltaic (PV) solar modules that are flexible, durable, and possess attractive power to weight and power to area performance. Its technology provides renewable power solutions to high-value production and specialty solar markets where traditional rigid solar panels are not suitable, including space power beaming, aerospace, satellites, near earth orbiting vehicles, fixed wing unmanned aerial vehicles (UAV), aquatic, terrestrial, and other weight-sensitive markets with transformational high quality, value added product applications. It operates in single PV segment that sells PV products and engineering services and currently, is selling it in North America.
16GF Score

Get the complete analysis for FRA:A8M

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

€2.60
Price
€0.51
GF Value