ICHR (Ichor Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ICHR Ichor Holdings Ltd ICHR
62 GF Score
Price $68.32
GF Value $33.65
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Ichor Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ichor Holdings  (NAS:ICHR) 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.


Ichor Holdings Cyclically Adjusted PB Ratio Related Terms


Ichor Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ichor Holdings'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.

Ichor Holdings Cyclically Adjusted PB Ratio Chart

Ichor Holdings 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 0.00 0.00 0.00 0.00 1.13

Ichor Holdings 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 1.31 1.12 1.13 2.80 6.60

ICHR vs AMBA, AXTI, VECO: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Ichor Holdings'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.


Ichor Holdings Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ICHR
62GF Score
Ichor Holdings Ltd ICHR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichor Holdings 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.

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

For example, Ichor Holdings'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)
=23.842/333.9520*333.9520
=23.842

Current CPI (Jun. 2026) = 333.9520.

Ichor Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.570 241.428 7.705
201612 5.938 241.432 8.214
201703 6.545 243.801 8.965
201706 6.974 244.955 9.508
201709 7.588 246.819 10.267
201712 8.372 246.524 11.341
201803 9.036 249.554 12.092
201806 9.586 251.989 12.704
201809 9.347 252.439 12.365
201812 8.920 251.233 11.857
201903 9.016 254.202 11.845
201906 9.089 256.143 11.850
201909 9.216 256.759 11.987
201912 9.789 256.974 12.721
202003 10.064 258.115 13.021
202006 10.415 257.797 13.492
202009 10.996 260.280 14.108
202012 14.752 260.474 18.913
202103 15.357 264.877 19.362
202106 16.185 271.696 19.894
202109 16.919 274.310 20.598
202112 17.538 278.802 21.007
202203 17.878 287.504 20.766
202206 18.699 296.311 21.074
202209 19.786 296.808 22.262
202212 20.355 296.797 22.903
202303 20.440 301.836 22.615
202306 19.742 305.109 21.608
202309 19.495 307.789 21.152
202312 19.184 306.746 20.885
202403 20.833 312.332 22.275
202406 20.663 314.175 21.964
202409 20.675 315.301 21.898
202412 20.624 315.605 21.823
202503 20.531 319.799 21.440
202506 20.271 322.561 20.987
202509 19.669 324.800 20.223
202512 19.280 324.054 19.869
202603 19.226 330.213 19.444
202606 23.842 333.952 23.842

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 Ichor Holdings (ICHR) Overvalued in 2026?

Based on GuruFocus' analysis, Ichor Holdings stock appears to be overvalued. The current stock price of $68.32 is trading 103% above its estimated GF Value™ of $33.65. GuruFocus considers Ichor Holdings to be Significantly Overvalued.

Key valuation signals for ICHR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $33.65 vs. price of $68.32 (103% above fair value)
  • GF Score™: 62/100 with 3 warning signs

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


Ichor Holdings Business Description

Other Exchanges 0Z0F:UK4IH:Germany
Address 3185 Laurelview Court, Fremont, CA, USA, 94538
Ichor Holdings Ltd designs, engineers, and manufactures critical fluid delivery subsystems and components mainly for semiconductor capital equipment, along with solutions for defense/aerospace and medical industries. Its product portfolio includes gas and chemical delivery subsystems that enable precise delivery, monitoring, and control of specialized gases and reactive liquid chemistries used in semiconductor manufacturing processes such as etch, electroplating, and cleaning. The company also provides precision-machined components, weldments, e-beam and laser-welded components, as well as precision vacuum and hydrogen brazing. Geographically, the company operates across the United States, Singapore, Europe, and other regions, with Singapore contributing the majority of revenue.
62GF Score

Get the complete analysis for ICHR

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

$68.32
Price
$33.65
GF Value