Axcelis Technologies (MEX:ACLS) Cyclically Adjusted PB Ratio: 6.09 (As of Sep. 07, 2026) — 53% Above Median

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MEX:ACLS Axcelis Technologies Inc MEX:ACLS
30 GF Score
Price MXN2,272.00
GF Value MXN1,548.41
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Axcelis Technologies Cyclically Adjusted PB Ratio?

Axcelis Technologies MEX:ACLS 30 Cyclically Adjusted PB Ratio is 6.09 as of Sep. 07, 2026, which is 53% above its 10-year median of 3.98. GuruFocus rates MEX:ACLS with a GF Score™ of 30/100 and a GF Value™ of MXN1,548.41 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 725 Semiconductors companies, Axcelis Technologies ranks worse than 65.52% on this metric.

As of today (2026-09-07), Axcelis Technologies's current share price is MXN2272.00. Axcelis Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN372.94. Axcelis Technologies's Cyclically Adjusted PB Ratio for today is 6.09.

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

MEX:ACLS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 3.98   Max: 14.6
Current: 5.38

During the past years, Axcelis Technologies's highest Cyclically Adjusted PB Ratio was 14.60. The lowest was 1.09. And the median was 3.98.

MEX:ACLS's Cyclically Adjusted PB Ratio is ranked worse than
65.52% of 725 companies
in the Semiconductors industry
Industry Median: 3.15 vs MEX:ACLS: 5.38

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.

Axcelis Technologies's adjusted book value per share data for the three months ended in Jun. 2026 was MXN602.232. 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 MXN372.94 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axcelis Technologies  (MEX:ACLS) 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.


Axcelis Technologies Cyclically Adjusted PB Ratio Related Terms


Axcelis Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Axcelis Technologies'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.

Axcelis Technologies Cyclically Adjusted PB Ratio Chart

Axcelis Technologies 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 7.03 6.51 9.17 4.19 4.11

Axcelis Technologies 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 3.82 5.15 4.11 4.53 8.85

MEX:ACLS vs AXTI, IPGP, UCTT: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Axcelis Technologies'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.


Axcelis Technologies Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


MEX:ACLS
30GF Score
Axcelis Technologies Inc MEX:ACLS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Axcelis Technologies 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.

Axcelis Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2272.00/372.94
=6.09

* 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.

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

For example, Axcelis Technologies'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)
=602.232/333.9520*333.9520
=602.232

Current CPI (Jun. 2026) = 333.9520.

Axcelis Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201609 130.406 241.428 180.382
201612 140.707 241.432 194.628
201703 135.744 243.801 185.938
201706 138.230 244.955 188.452
201709 146.880 246.819 198.732
201712 216.698 246.524 293.548
201803 209.998 249.554 281.018
201806 234.361 251.989 310.590
201809 229.251 252.439 303.277
201812 246.259 251.233 327.340
201903 246.098 254.202 323.306
201906 241.154 256.143 314.410
201909 248.533 256.759 323.253
201912 242.762 256.974 315.483
202003 305.032 258.115 394.654
202006 307.244 257.797 398.006
202009 303.858 260.280 389.865
202012 284.840 260.474 365.191
202103 295.978 264.877 373.164
202106 292.230 271.696 359.191
202109 314.948 274.310 383.426
202112 332.617 278.802 398.412
202203 336.792 287.504 391.203
202206 356.796 296.311 402.121
202209 375.520 296.808 422.514
202212 396.913 296.797 446.601
202303 386.553 301.836 427.683
202306 388.467 305.109 425.190
202309 425.730 307.789 461.918
202312 449.158 306.746 488.995
202403 458.996 312.332 490.768
202406 525.135 314.175 558.192
202409 590.996 315.301 625.955
202412 652.632 315.605 690.571
202503 654.096 319.799 683.044
202506 612.727 322.561 634.365
202509 603.708 324.800 620.719
202512 606.507 324.054 625.032
202603 612.948 330.213 619.888
202606 602.232 333.952 602.232

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 6.09 mean?
Axcelis Technologies (MEX:ACLS) has a Cyclically Adjusted PB Ratio of 6.09 as of Sep. 07, 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 Axcelis Technologies and its competitors. This is 53% above median its historical median of 3.98. Over the past decade, Axcelis Technologies' Cyclically Adjusted PB Ratio has ranged from 1.09 to 14.60. According to the industry distribution chart, Axcelis Technologies ranks #475 out of 725 companies in the Semiconductors industry, placing it in the top 65.5%.
Is Axcelis Technologies' Cyclically Adjusted PB Ratio too high?
Axcelis Technologies' current Cyclically Adjusted PB Ratio of 6.09 is 53% above median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 14.60. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.15. Axcelis Technologies' value of 6.09 is 93.3% above this industry median. Based on the distribution chart, Axcelis Technologies ranks #475 out of 725 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Axcelis Technologies has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Axcelis Technologies' Cyclically Adjusted PB Ratio compare to AXTI and IPGP?
According to the Semiconductors industry distribution chart, Axcelis Technologies ranks #475 out of 725 companies for Cyclically Adjusted PB Ratio. This places Axcelis Technologies in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.15. Axcelis Technologies' value of 6.09 is 93.3% above this benchmark. Historically, Axcelis Technologies' own Cyclically Adjusted PB Ratio has ranged from 1.09 to 14.60 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 3.15, Axcelis Technologies 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 3.15, based on 725 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. Axcelis Technologies's current Cyclically Adjusted PB Ratio of 6.09 is 93.3% 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 Axcelis Technologies and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axcelis Technologies's current Cyclically Adjusted PB Ratio is 6.09, which is 53% above median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axcelis Technologies stock overvalued right now?
Based on GuruFocus' analysis, Axcelis Technologies (MEX:ACLS) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,548.41, compared to a current price of MXN2,272.00 — trading 46.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.09, which is 53% above median its 10-year median of 3.98 and 93.3% above the Semiconductors industry median of 3.15. Axcelis Technologies' overall GF Score™ is 30/100 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 Axcelis Technologies (MEX:ACLS), the current Cyclically Adjusted PB Ratio is 6.09 as of Sep. 07, 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 Axcelis Technologies (MEX:ACLS) Overvalued in 2026?

Based on GuruFocus' analysis, Axcelis Technologies stock appears to be overvalued. The current stock price of MXN2,272.00 is trading 46.7% above its estimated GF Value™ of MXN1,548.41. GuruFocus considers Axcelis Technologies to be Significantly Overvalued.

Key valuation signals for MEX:ACLS:

  • Cyclically Adjusted PB Ratio: 6.09 (53% above median its 10-year median of 3.98)
  • GF Value™: MXN1,548.41 vs. price of MXN2,272.00 (46.7% above fair value)
  • GF Score™: 30/100 with 3 warning signs
  • Industry Position: 93.3% above the Semiconductors median (#475 of 725)

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


Axcelis Technologies Business Description

Address 108 Cherry Hill Drive, Beverly, MA, USA, 01915
Axcelis Technologies Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. Geographically, the group has a business presence in North America, Asia Pacific, and Europe, of which key revenue is derived from the Asia Pacific.
30GF Score

Get the complete analysis for MEX:ACLS

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

MXN2,272.00
Price
MXN1,548.41
GF Value