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Richardson ElectronicsFRA:RE3 -1.06%62 Cyclically Adjusted PB Ratio is 1.63 as of Aug. 19, 2026, which is 112% above its 10-year median of 0.77. GuruFocus rates FRA:RE3 with a GF Score™ of 62/100 and a GF Value™ of €10.49. The stock has 9 warning signs investors should review. Among 1,955 Hardware companies, Richardson Electronics ranks better than 59.03% on this metric.
The historical rank and industry rank for Richardson Electronics's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:RE3'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.77 Max: 2.09
Current: 1.54
During the past years, Richardson Electronics's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 0.30. And the median was 0.77.
FRA:RE3's Cyclically Adjusted PB Ratio is ranked better than 59.03% of 1955
companies
in the Hardware industry
Industry Median: 2.1
vs FRA:RE3: 1.54
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.
Richardson Electronics's adjusted book value per share data for the three months ended in May. 2026 was €9.582. 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 €10.36 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Richardson Electronics (FRA:RE3) 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.
Richardson Electronics Cyclically Adjusted PB Ratio Related Terms
Richardson Electronics Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Richardson Electronics'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.
Richardson Electronics Cyclically Adjusted PB Ratio Chart
FRA:RE3 vs OPTX, MPTI, KULR: Cyclically Adjusted PB Ratio Comparison
For the Electronic Components subindustry, Richardson Electronics'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.
Richardson Electronics Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Richardson Electronics's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Richardson Electronics's Cyclically Adjusted PB Ratio falls into.
Richardson Electronics 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.
* 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.
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 1.63 mean?
Richardson Electronics (FRA:RE3) has a Cyclically Adjusted PB Ratio of 1.63 as of Aug. 19, 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 Richardson Electronics and its competitors. This is 112% above median its historical median of 0.77. Over the past decade, Richardson Electronics' Cyclically Adjusted PB Ratio has ranged from 0.30 to 2.09. According to the industry distribution chart, Richardson Electronics ranks #801 out of 1955 companies in the Hardware industry, placing it in the top 41%.
Is Richardson Electronics' Cyclically Adjusted PB Ratio too high?
Richardson Electronics' current Cyclically Adjusted PB Ratio of 1.63 is 112% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 2.09. The Hardware industry median Cyclically Adjusted PB Ratio is 2.10. Richardson Electronics' value of 1.63 is 22.4% below this industry median. Based on the distribution chart, Richardson Electronics ranks #801 out of 1955 companies in the Hardware industry, which is above the industry midpoint. Overall, Richardson Electronics has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Richardson Electronics' Cyclically Adjusted PB Ratio compare to OPTX and MPTI?
According to the Hardware industry distribution chart, Richardson Electronics ranks #801 out of 1955 companies for Cyclically Adjusted PB Ratio. This puts Richardson Electronics in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Richardson Electronics' value of 1.63 is 22.4% below this benchmark. Historically, Richardson Electronics' own Cyclically Adjusted PB Ratio has ranged from 0.30 to 2.09 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 2.10, Richardson Electronics 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.10, based on 1,955 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. Richardson Electronics's current Cyclically Adjusted PB Ratio of 1.63 is 22.4% 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 Richardson Electronics and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Richardson Electronics's current Cyclically Adjusted PB Ratio is 1.63, which is 112% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Richardson Electronics stock overvalued right now?
Richardson Electronics (FRA:RE3) has a current Cyclically Adjusted PB Ratio of 1.63. The stock's GF Value™ is €10.49, compared to a current price of €16.86 — trading 60.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.63, which is 112% above median its 10-year median of 0.77 and 22.4% below the Hardware industry median of 2.10. Richardson Electronics' overall GF Score™ is 62/100 with 9 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 Richardson Electronics (FRA:RE3), the current Cyclically Adjusted PB Ratio is 1.63 as of Aug. 19, 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 Richardson Electronics (FRA:RE3) Overvalued in 2026?
Based on GuruFocus' analysis, Richardson Electronics stock appears to be overvalued.
The current stock price of €16.86 is trading 60.7% above its estimated GF Value™ of €10.49.
Key valuation signals for FRA:RE3:
Cyclically Adjusted PB Ratio: 1.63 (112% above median its 10-year median of 0.77)
GF Value™: €10.49 vs. price of €16.86 (60.7% above fair value)
Industry Position: 22.4% below the Hardware median (#801 of 1955)
No single metric tells the full story. See the FRA:RE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. The company's segment includes Power and Microwave Technologies, Green Energy Solutions, Canvys, and Healthcare. The company generates the majority of its revenue from the Power and Microwave Technologies segment, which includes the power grid and microwave tube business and RF, Wireless and Power technologies.
62GF Score
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