Silicom (FRA:S1L) Cyclically Adjusted PB Ratio: 1.47 (As of Aug. 22, 2026) — 32% Below Median

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:S1L Silicom Ltd FRA:S1L
59 GF Score
Price €35.00
GF Value €16.12
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Silicom Cyclically Adjusted PB Ratio?

Silicom FRA:S1L -3.85% 59 Cyclically Adjusted PB Ratio is 1.47 as of Aug. 22, 2026, which is 32% below its 10-year median of 2.16. GuruFocus rates FRA:S1L with a GF Score™ of 59/100 and a GF Value™ of €16.12 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,951 Hardware companies, Silicom ranks better than 57.36% on this metric.

As of today (2026-08-22), Silicom's current share price is €35.00. Silicom's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €23.80. Silicom's Cyclically Adjusted PB Ratio for today is 1.47.

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

FRA:S1L' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 2.16   Max: 6.47
Current: 1.68

During the past years, Silicom's highest Cyclically Adjusted PB Ratio was 6.47. The lowest was 0.49. And the median was 2.16.

FRA:S1L's Cyclically Adjusted PB Ratio is ranked better than
57.36% of 1951 companies
in the Hardware industry
Industry Median: 2.07 vs FRA:S1L: 1.68

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.

Silicom's adjusted book value per share data for the three months ended in Jun. 2026 was €17.342. 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 €23.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Silicom  (FRA:S1L) 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.


Silicom Cyclically Adjusted PB Ratio Related Terms


Silicom Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Silicom'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.

Silicom Cyclically Adjusted PB Ratio Chart

Silicom 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 2.71 1.96 0.77 0.66 0.58

Silicom 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 0.61 0.70 0.58 0.82 1.84

FRA:S1L vs LTRX, AVNW, CRNT: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Silicom'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.


Silicom Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


FRA:S1L
59GF Score
Silicom Ltd FRA:S1L
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Silicom 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.00/23.80
=1.47

* 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.

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

For example, Silicom'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)
=17.342/333.9520*333.9520
=17.342

Current CPI (Jun. 2026) = 333.9520.

Silicom Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.060 241.428 19.448
201612 15.589 241.432 21.563
201703 15.801 243.801 21.644
201706 14.643 244.955 19.963
201709 14.387 246.819 19.466
201712 15.758 246.524 21.346
201803 15.021 249.554 20.101
201806 16.202 251.989 21.472
201809 16.711 252.439 22.107
201812 18.390 251.233 24.445
201903 18.923 254.202 24.860
201906 19.221 256.143 25.060
201909 20.173 256.759 26.238
201912 19.947 256.974 25.922
202003 20.056 258.115 25.949
202006 19.545 257.797 25.319
202009 19.352 260.280 24.830
202012 18.446 260.474 23.649
202103 19.154 264.877 24.149
202106 18.903 271.696 23.234
202109 19.902 274.310 24.229
202112 20.900 278.802 25.034
202203 21.738 287.504 25.250
202206 23.449 296.311 26.428
202209 25.804 296.808 29.033
202212 25.116 296.797 28.260
202303 25.456 301.836 28.165
202306 25.754 305.109 28.189
202309 27.319 307.789 29.641
202312 21.223 306.746 23.105
202403 21.117 312.332 22.579
202406 21.043 314.175 22.368
202409 20.994 315.301 22.236
202412 21.173 315.605 22.404
202503 20.243 319.799 21.139
202506 18.600 322.561 19.257
202509 17.854 324.800 18.357
202512 17.584 324.054 18.121
202603 17.589 330.213 17.788
202606 17.342 333.952 17.342

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 1.47 mean?
Silicom (FRA:S1L) has a Cyclically Adjusted PB Ratio of 1.47 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 Silicom and its competitors. This is 32% below median its historical median of 2.16. Over the past decade, Silicom's Cyclically Adjusted PB Ratio has ranged from 0.49 to 6.47. According to the industry distribution chart, Silicom ranks #832 out of 1951 companies in the Hardware industry, placing it in the top 42.6%.
Is Silicom's Cyclically Adjusted PB Ratio too high?
Silicom's current Cyclically Adjusted PB Ratio of 1.47 is 32% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 6.47. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. Silicom's value of 1.47 is 29% below this industry median. Based on the distribution chart, Silicom ranks #832 out of 1951 companies in the Hardware industry, which is above the industry midpoint. Overall, Silicom has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Silicom's Cyclically Adjusted PB Ratio compare to LTRX and AVNW?
According to the Hardware industry distribution chart, Silicom ranks #832 out of 1951 companies for Cyclically Adjusted PB Ratio. This puts Silicom in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Silicom's value of 1.47 is 29% below this benchmark. Historically, Silicom's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 6.47 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 2.07, Silicom 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 2.07, based on 1,951 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. Silicom's current Cyclically Adjusted PB Ratio of 1.47 is 29% 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 Silicom and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silicom's current Cyclically Adjusted PB Ratio is 1.47, which is 32% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silicom stock overvalued right now?
Based on GuruFocus' analysis, Silicom (FRA:S1L) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.12, compared to a current price of €35.00 — trading 117.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.47, which is 32% below median its 10-year median of 2.16 and 29% below the Hardware industry median of 2.07. Silicom's overall GF Score™ is 59/100 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 Silicom (FRA:S1L), the current Cyclically Adjusted PB Ratio is 1.47 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 Silicom (FRA:S1L) Overvalued in 2026?

Based on GuruFocus' analysis, Silicom stock appears to be overvalued. The current stock price of €35.00 is trading 117.1% above its estimated GF Value™ of €16.12. GuruFocus considers Silicom to be Significantly Overvalued.

Key valuation signals for FRA:S1L:

  • Cyclically Adjusted PB Ratio: 1.47 (32% below median its 10-year median of 2.16)
  • GF Value™: €16.12 vs. price of €35.00 (117.1% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 29% below the Hardware median (#832 of 1951)

No single metric tells the full story. See the FRA:S1L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Silicom Business Description

Other Exchanges SILC:USA
Address 14 Atir Yeda Street, Kfar Sava, ISR, 4464323
Silicom Ltd is engaged in designing, manufacturing, marketing, and supporting high-performance networking and data infrastructure solutions for a broad range of servers, server-based systems, and communications devices. Its product categories consist of Server Adapters, Edge Networking Solutions, Switches, Edge AI Solutions, Edge Networking Accessories, 4G 5G Products, FPGA-Based Cards, and Others. Its geographic areas are the USA, North America - other, Israel, Europe, and Asia-Pacific. It derives a majority of its revenue from the USA.
59GF Score

Get the complete analysis for FRA:S1L

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

€35.00
Price
€16.12
GF Value