Nanoco Group (LSE:NANO) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

What is Nanoco Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanoco Group  (LSE:NANO) 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.


Nanoco Group Cyclically Adjusted PB Ratio Related Terms


Nanoco Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nanoco Group'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.

Nanoco Group Cyclically Adjusted PB Ratio Chart

Nanoco Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 6.07 3.00 3.46 7.88

Nanoco Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 3.80 3.10 2.85 4.96 4.23

LSE:NANO vs LRCX, AMAT, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Nanoco Group'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.


Nanoco Group Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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



Nanoco Group 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.

Nanoco Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jul25 is calculated as:

For example, Nanoco Group's adjusted Book Value per Share data for the fiscal year that ended in Jul25 was:

Adj_Book=Book Value per Share/CPI of Jul25 (Change)*Current CPI (Jul25)
=-0.107/138.5000*138.5000
=-0.107

Current CPI (Jul25) = 138.5000.

Nanoco Group Annual Data

Book Value per Share CPI Adj_Book
201607 0.079 100.900 0.108
201707 0.044 103.500 0.059
201807 0.044 105.900 0.058
201907 0.030 108.000 0.038
202007 0.023 109.200 0.029
202107 0.010 111.400 0.012
202207 0.014 121.200 0.016
202307 0.051 129.000 0.055
202407 -0.090 132.900 -0.094
202507 -0.107 138.500 -0.107

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.


Nanoco Group Business Description

Address The Heath Business & Technical Park, Heath Road South, Science Centre, Runcorn, GBR, WA7 4QX
Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include CFQD quantum dots, Heatwave quantum dots, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, United States, United Kingdom, Japan and other countries.