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Texas InstrumentsFRA:TII -3.17%84 Cyclically Adjusted PB Ratio is 19.10 as of Jul. 17, 2026, which is 55% above its 10-year median of 12.35. GuruFocus rates FRA:TII with a GF Score™ of 84/100 and a GF Value™ of €187.21 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 736 Semiconductors companies, Texas Instruments ranks worse than 90.08% on this metric.
The historical rank and industry rank for Texas Instruments's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:TII'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.84 Med: 12.35 Max: 20.53
Current: 18.52
During the past years, Texas Instruments's highest Cyclically Adjusted PB Ratio was 20.53. The lowest was 6.84. And the median was 12.35.
FRA:TII's Cyclically Adjusted PB Ratio is ranked worse than 90.08% of 736
companies
in the Semiconductors industry
Industry Median: 3.47
vs FRA:TII: 18.52
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.
Texas Instruments's adjusted book value per share data for the three months ended in Mar. 2026 was €15.948. 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 €13.29 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Texas Instruments (FRA:TII) 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.
Texas Instruments Cyclically Adjusted PB Ratio Related Terms
Texas Instruments Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Texas Instruments'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.
Texas Instruments Cyclically Adjusted PB Ratio Chart
FRA:TII vs MRVL, QCOM, ADI: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, Texas Instruments'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.
Texas Instruments Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Texas Instruments's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Texas Instruments's Cyclically Adjusted PB Ratio falls into.
Texas Instruments 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.
Texas Instruments's Cyclically Adjusted PB Ratio for today is calculated as
* 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 19.10 mean?
Texas Instruments (FRA:TII) has a Cyclically Adjusted PB Ratio of 19.10 as of Jul. 17, 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 Texas Instruments and its competitors. This is 55% above median its historical median of 12.35. Over the past decade, Texas Instruments' Cyclically Adjusted PB Ratio has ranged from 6.84 to 20.53. According to the industry distribution chart, Texas Instruments ranks #663 out of 736 companies in the Semiconductors industry, placing it in the top 90.1%.
Is Texas Instruments' Cyclically Adjusted PB Ratio too high?
Texas Instruments' current Cyclically Adjusted PB Ratio of 19.10 is 55% above median its 10-year median of 12.35. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 20.53. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.47. Texas Instruments' value of 19.10 is 450.4% above this industry median. Based on the distribution chart, Texas Instruments ranks #663 out of 736 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Texas Instruments has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texas Instruments' Cyclically Adjusted PB Ratio compare to MRVL and QCOM?
According to the Semiconductors industry distribution chart, Texas Instruments ranks #663 out of 736 companies for Cyclically Adjusted PB Ratio. This places Texas Instruments in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.47. Texas Instruments' value of 19.10 is 450.4% above this benchmark. Historically, Texas Instruments' own Cyclically Adjusted PB Ratio has ranged from 6.84 to 20.53 over the past decade. While the company's 10-year median is 12.35 vs. the industry median of 3.47, Texas Instruments has consistently been above 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 3.47, based on 736 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. Texas Instruments's current Cyclically Adjusted PB Ratio of 19.10 is 450.4% above 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 Texas Instruments and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Instruments's current Cyclically Adjusted PB Ratio is 19.10, which is 55% above median its own 10-year median of 12.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Instruments stock overvalued right now?
Based on GuruFocus' analysis, Texas Instruments (FRA:TII) is currently considered Significantly Overvalued. The stock's GF Value™ is €187.21, compared to a current price of €253.80 — trading 35.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 19.10, which is 55% above median its 10-year median of 12.35 and 450.4% above the Semiconductors industry median of 3.47. Texas Instruments' overall GF Score™ is 84/100 with 10 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 Texas Instruments (FRA:TII), the current Cyclically Adjusted PB Ratio is 19.10 as of Jul. 17, 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 Texas Instruments (FRA:TII) Overvalued in 2026?
Based on GuruFocus' analysis, Texas Instruments stock appears to be overvalued.
The current stock price of €253.80 is trading 35.6% above its estimated GF Value™ of €187.21.
GuruFocus considers Texas Instruments to be Significantly Overvalued.
Key valuation signals for FRA:TII:
Cyclically Adjusted PB Ratio: 19.10 (55% above median its 10-year median of 12.35)
GF Value™: €187.21 vs. price of €253.80 (35.6% above fair value)
Industry Position: 450.4% above the Semiconductors median (#663 of 736)
No single metric tells the full story. See the FRA:TII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
84GF Score
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