MICLF (Mycronic AB) Cyclically Adjusted PB Ratio: (As of Jul. 14, 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.
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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.

MICLF Mycronic AB MICLF
87 GF Score
Price $32.50
GF Value $22.48
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Mycronic AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mycronic AB  (OTCPK:MICLF) 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.


Mycronic AB Cyclically Adjusted PB Ratio Related Terms


Mycronic AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mycronic AB'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.

Mycronic AB Cyclically Adjusted PB Ratio Chart

Mycronic AB 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 9.93 7.29 9.10 10.95 10.58

Mycronic AB 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 10.22 10.53 10.58 9.95 0.00

MICLF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Mycronic AB'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.


Mycronic AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mycronic AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MICLF
87GF Score
Mycronic AB MICLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mycronic AB 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.

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

For example, Mycronic AB'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)
=4.243/132.7900*132.7900
=4.243

Current CPI (Jun. 2026) = 132.7900.

Mycronic AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.665 101.138 0.873
201612 0.783 102.022 1.019
201703 0.874 102.022 1.138
201706 0.906 102.752 1.171
201709 0.985 103.279 1.266
201712 1.083 103.793 1.386
201803 1.210 103.962 1.546
201806 1.102 104.875 1.395
201809 1.273 105.679 1.600
201812 1.344 105.912 1.685
201903 1.507 105.886 1.890
201906 1.459 106.742 1.815
201909 1.516 107.214 1.878
201912 1.609 107.766 1.983
202003 1.598 106.563 1.991
202006 1.773 107.498 2.190
202009 1.890 107.635 2.332
202012 2.054 108.296 2.519
202103 2.241 108.360 2.746
202106 2.192 108.928 2.672
202109 2.196 110.338 2.643
202112 2.222 112.486 2.623
202203 2.241 114.825 2.592
202206 2.129 118.384 2.388
202209 2.061 122.296 2.238
202212 2.299 126.365 2.416
202303 2.388 127.042 2.496
202306 2.199 129.407 2.256
202309 2.208 130.224 2.252
202312 2.621 131.912 2.638
202403 2.853 132.205 2.866
202406 2.739 132.716 2.741
202409 3.023 132.304 3.034
202412 3.047 132.987 3.042
202503 3.549 132.825 3.548
202506 3.614 133.699 3.589
202509 3.770 133.480 3.751
202512 3.917 133.390 3.899
202603 4.325 133.560 4.300
202606 4.243 132.790 4.243

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 Mycronic AB (MICLF) Overvalued in 2026?

Based on GuruFocus' analysis, Mycronic AB stock appears to be overvalued. The current stock price of $32.50 is trading 44.6% above its estimated GF Value™ of $22.48. GuruFocus considers Mycronic AB to be Significantly Overvalued.

Key valuation signals for MICLF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $22.48 vs. price of $32.50 (44.6% above fair value)
  • GF Score™: 87/100 with 4 warning signs

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


Mycronic AB Business Description

Address Nytorpsvagen 9, P.O. Box 3141, Taby, Stockholm, SWE, 183 03
Mycronic AB develops solutions for electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, & markets mask writers & measuring machines for the production of photomasks for displays; The PCB Assembly Solutions division develops, manufactures, and markets flexible PCB assembly solutions, including jet printing, stencil printing, 3D inspection, component placement, and automated storage solutions. The High Volume division develops, manufactures, & markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes production solutions with high levels of differentiation. The majority of its revenue is generated from the PCB Generators segment.
87GF Score

Get the complete analysis for MICLF

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

$32.50
Price
$22.48
GF Value