Vicor (HAM:VCV) Cyclically Adjusted PB Ratio: (As of Jul. 26, 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.

HAM:VCV Vicor Corp HAM:VCV
76 GF Score
Price €202.20
GF Value €61.80
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Vicor 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


Vicor  (HAM:VCV) 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.


Vicor Cyclically Adjusted PB Ratio Related Terms


Vicor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vicor'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.

Vicor Cyclically Adjusted PB Ratio Chart

Vicor 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 24.11 8.85 6.49 6.11 12.11

Vicor 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 5.33 5.65 12.11 16.91 0.00

HAM:VCV vs SANM, LFUS, FN: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Vicor'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.


Vicor Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


HAM:VCV
76GF Score
Vicor Corp HAM:VCV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vicor 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.

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

For example, Vicor'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)
=14.315/330.2130*330.2130
=14.315

Current CPI (Mar. 2026) = 330.2130.

Vicor Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.987 241.018 4.092
201609 3.038 241.428 4.155
201612 3.179 241.432 4.348
201703 3.132 243.801 4.242
201706 2.989 244.955 4.029
201709 2.843 246.819 3.804
201712 2.918 246.524 3.909
201803 2.996 249.554 3.964
201806 3.400 251.989 4.455
201809 3.745 252.439 4.899
201812 4.017 251.233 5.280
201903 4.182 254.202 5.432
201906 4.260 256.143 5.492
201909 4.546 256.759 5.847
201912 4.565 256.974 5.866
202003 4.600 258.115 5.885
202006 6.732 257.797 8.623
202009 6.617 260.280 8.395
202012 6.656 260.474 8.438
202103 7.145 264.877 8.907
202106 7.478 271.696 9.089
202109 7.990 274.310 9.618
202112 8.537 278.802 10.111
202203 8.920 287.504 10.245
202206 9.569 296.311 10.664
202209 10.379 296.808 11.547
202212 9.938 296.797 11.057
202303 10.149 301.836 11.103
202306 10.445 305.109 11.304
202309 11.142 307.789 11.954
202312 11.155 306.746 12.008
202403 10.984 312.332 11.613
202406 11.084 314.175 11.650
202409 11.072 315.301 11.596
202412 12.052 315.605 12.610
202503 11.860 319.799 12.246
202506 11.757 322.561 12.036
202509 12.018 324.800 12.218
202512 13.427 324.054 13.682
202603 14.315 330.213 14.315

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 Vicor (HAM:VCV) Overvalued in 2026?

Based on GuruFocus' analysis, Vicor stock appears to be overvalued. The current stock price of €202.20 is trading 227.2% above its estimated GF Value™ of €61.80. GuruFocus considers Vicor to be Significantly Overvalued.

Key valuation signals for HAM:VCV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €61.80 vs. price of €202.20 (227.2% above fair value)
  • GF Score™: 76/100 with 3 warning signs

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


Vicor Business Description

Other Exchanges VICR:USAVCV:Germany
Address 25 Frontage Road, Andover, MA, USA, 01810
Vicor Corp manufactures and markets modular power components and complete power systems for converting electrical power. It provides modular power converters and configurable products, power component products and integrated circuits, and related products. Its products include Converters, Power Systems, Filters, Custom Power Systems, Input Modules, and others. The principal markets for the Company's power converters and systems are large original equipment manufacturers (OEMs), original design manufacturers (ODMs) and their contract manufacturers, and smaller, lower volume users, which are broadly distributed across several market areas.
76GF Score

Get the complete analysis for HAM:VCV

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

€202.20
Price
€61.80
GF Value