Microchip Technology (MIL:1MCHP) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.

MIL:1MCHP Microchip Technology Inc MIL:1MCHP
51 GF Score
Price €73.16
GF Value €55.60
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Microchip Technology Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Microchip Technology  (MIL:1MCHP) 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.


Microchip Technology Cyclically Adjusted PB Ratio Related Terms


Microchip Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Microchip Technology'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.

Microchip Technology Cyclically Adjusted PB Ratio Chart

Microchip Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.51 8.58 8.38 4.23 5.23

Microchip Technology 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 6.02 5.39 5.31 5.23 0.00

MIL:1MCHP vs CBRS, CRDO, ALAB: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Microchip Technology'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.


Microchip Technology Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


MIL:1MCHP
51GF Score
Microchip Technology Inc MIL:1MCHP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Microchip Technology 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.

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

For example, Microchip Technology'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)
=10.172/333.9520*333.9520
=10.172

Current CPI (Jun. 2026) = 333.9520.

Microchip Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.198 241.428 7.190
201612 5.622 241.432 7.776
201703 6.674 243.801 9.142
201706 6.525 244.955 8.896
201709 6.361 246.819 8.607
201712 5.742 246.524 7.778
201803 5.659 249.554 7.573
201806 9.312 251.989 12.341
201809 9.379 252.439 12.407
201812 9.572 251.233 12.724
201903 9.848 254.202 12.938
201906 9.831 256.143 12.817
201909 10.194 256.759 13.259
201912 10.552 256.974 13.713
202003 10.302 258.115 13.329
202006 9.675 257.797 12.533
202009 8.879 260.280 11.392
202012 8.085 260.474 10.366
202103 8.195 264.877 10.332
202106 8.359 271.696 10.274
202109 8.736 274.310 10.635
202112 9.237 278.802 11.064
202203 9.653 287.504 11.213
202206 10.236 296.311 11.536
202209 11.207 296.808 12.609
202212 10.877 296.797 12.239
202303 11.153 301.836 12.340
202306 11.583 305.109 12.678
202309 12.068 307.789 13.094
202312 12.015 306.746 13.081
202403 11.413 312.332 12.203
202406 11.092 314.175 11.790
202409 10.530 315.301 11.153
202412 10.711 315.605 11.334
202503 12.154 319.799 12.692
202506 11.016 322.561 11.405
202509 10.555 324.800 10.852
202512 10.353 324.054 10.669
202603 10.264 330.213 10.380
202606 10.172 333.952 10.172

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 Microchip Technology (MIL:1MCHP) Overvalued in 2026?

Based on GuruFocus' analysis, Microchip Technology stock appears to be overvalued. The current stock price of €73.16 is trading 31.6% above its estimated GF Value™ of €55.60. GuruFocus considers Microchip Technology to be Significantly Overvalued.

Key valuation signals for MIL:1MCHP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €55.60 vs. price of €73.16 (31.6% above fair value)
  • GF Score™: 51/100 with 6 warning signs

No single metric tells the full story. See the MIL:1MCHP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Microchip Technology Business Description

Address 2355 W. Chandler Boulevard, Chandler, AZ, USA, 85224-6199
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
51GF Score

Get the complete analysis for MIL:1MCHP

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

€73.16
Price
€55.60
GF Value