Ferrotec (FRA:FER) Cyclically Adjusted PB Ratio: 2.76 (As of Jul. 23, 2026) — 88% Above Median

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FRA:FER Ferrotec Corp FRA:FER
58 GF Score
Price €43.00
GF Value €19.61
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Ferrotec Cyclically Adjusted PB Ratio?

Ferrotec FRA:FER +11.98% 58 Cyclically Adjusted PB Ratio is 2.76 as of Jul. 23, 2026, which is 88% above its 10-year median of 1.47. GuruFocus rates FRA:FER with a GF Score™ of 58/100 and a GF Value™ of €19.61 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 735 Semiconductors companies, Ferrotec ranks better than 57.96% on this metric.

As of today (2026-07-23), Ferrotec's current share price is €43.00. Ferrotec's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €15.56. Ferrotec's Cyclically Adjusted PB Ratio for today is 2.76.

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

FRA:FER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.47   Max: 3.64
Current: 2.44

During the past years, Ferrotec's highest Cyclically Adjusted PB Ratio was 3.64. The lowest was 0.40. And the median was 1.47.

FRA:FER's Cyclically Adjusted PB Ratio is ranked better than
57.96% of 735 companies
in the Semiconductors industry
Industry Median: 3.17 vs FRA:FER: 2.44

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.

Ferrotec's adjusted book value per share data for the three months ended in Mar. 2026 was €30.224. 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 €15.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrotec  (FRA:FER) 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.


Ferrotec Cyclically Adjusted PB Ratio Related Terms


Ferrotec Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ferrotec'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.

Ferrotec Cyclically Adjusted PB Ratio Chart

Ferrotec Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 1.90 1.41 1.08 2.18

Ferrotec 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 1.08 1.18 1.50 1.81 2.18

FRA:FER vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Ferrotec'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.


Ferrotec Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


FRA:FER
58GF Score
Ferrotec Corp FRA:FER
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferrotec 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.00/15.56
=2.76

* 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.

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

For example, Ferrotec'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)
=30.224/112.7000*112.7000
=30.224

Current CPI (Mar. 2026) = 112.7000.

Ferrotec Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.137 98.100 11.646
201609 9.600 98.000 11.040
201612 9.049 98.400 10.364
201703 10.537 98.100 12.105
201706 10.143 98.500 11.605
201709 10.112 98.800 11.535
201712 10.398 99.400 11.789
201803 10.604 99.200 12.047
201806 10.543 99.200 11.978
201809 10.649 99.900 12.013
201812 10.908 99.700 12.330
201903 10.654 99.700 12.043
201906 11.401 99.800 12.875
201909 11.078 100.100 12.472
201912 10.345 100.500 11.601
202003 10.976 100.300 12.333
202006 10.171 99.900 11.474
202009 11.353 99.900 12.808
202012 13.237 99.300 15.023
202103 13.950 99.900 15.737
202106 17.261 99.500 19.551
202109 19.469 100.100 21.920
202112 21.302 100.100 23.983
202203 22.527 101.100 25.112
202206 23.972 101.800 26.539
202209 26.387 103.100 28.844
202212 28.581 104.100 30.942
202303 27.369 104.400 29.545
202306 26.297 105.200 28.172
202309 26.974 106.200 28.625
202312 28.387 106.800 29.955
202403 26.700 107.200 28.070
202406 0.000 108.200 0.000
202409 31.890 108.900 33.003
202412 28.667 110.700 29.185
202503 31.389 111.100 31.841
202506 28.617 111.700 28.873
202509 27.398 112.000 27.569
202512 27.302 113.000 27.230
202603 30.224 112.700 30.224

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 2.76 mean?
Ferrotec (FRA:FER) has a Cyclically Adjusted PB Ratio of 2.76 as of Jul. 23, 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 Ferrotec and its competitors. This is 88% above median its historical median of 1.47. Over the past decade, Ferrotec's Cyclically Adjusted PB Ratio has ranged from 0.40 to 3.64. According to the industry distribution chart, Ferrotec ranks #309 out of 735 companies in the Semiconductors industry, placing it in the top 42%.
Is Ferrotec's Cyclically Adjusted PB Ratio too high?
Ferrotec's current Cyclically Adjusted PB Ratio of 2.76 is 88% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 3.64. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.17. Ferrotec's value of 2.76 is 12.9% below this industry median. Based on the distribution chart, Ferrotec ranks #309 out of 735 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Ferrotec has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrotec's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Ferrotec ranks #309 out of 735 companies for Cyclically Adjusted PB Ratio. This puts Ferrotec in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.17. Ferrotec's value of 2.76 is 12.9% below this benchmark. Historically, Ferrotec's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 3.64 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 3.17, Ferrotec 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.17, based on 735 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. Ferrotec's current Cyclically Adjusted PB Ratio of 2.76 is 12.9% 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 Ferrotec and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrotec's current Cyclically Adjusted PB Ratio is 2.76, which is 88% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrotec stock overvalued right now?
Based on GuruFocus' analysis, Ferrotec (FRA:FER) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.61, compared to a current price of €43.00 — trading 119.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 88% above median its 10-year median of 1.47 and 12.9% below the Semiconductors industry median of 3.17. Ferrotec's overall GF Score™ is 58/100 with 7 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 Ferrotec (FRA:FER), the current Cyclically Adjusted PB Ratio is 2.76 as of Jul. 23, 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 Ferrotec (FRA:FER) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrotec stock appears to be overvalued. The current stock price of €43.00 is trading 119.3% above its estimated GF Value™ of €19.61. GuruFocus considers Ferrotec to be Significantly Overvalued.

Key valuation signals for FRA:FER:

  • Cyclically Adjusted PB Ratio: 2.76 (88% above median its 10-year median of 1.47)
  • GF Value™: €19.61 vs. price of €43.00 (119.3% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 12.9% below the Semiconductors median (#309 of 735)

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


Ferrotec Business Description

Other Exchanges FRRZF:USA6890:Japan
Address 2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027
Ferrotec Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.
58GF Score

Get the complete analysis for FRA:FER

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

€43.00
Price
€19.61
GF Value