MLXSF (Melexis NV) Cyclically Adjusted PB Ratio: 6.58 (As of Jul. 30, 2026) — 38% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

MLXSF Melexis NV MLXSF
90 GF Score
Price $76.00
GF Value $76.07
! 5 Warning Signs
View Full Analysis

What is Melexis NV Cyclically Adjusted PB Ratio?

Melexis NV MLXSF 90 Cyclically Adjusted PB Ratio is 6.58 as of Jul. 30, 2026, which is 38% below its 10-year median of 10.69. GuruFocus rates MLXSF with a GF Score™ of 90/100 and a GF Value™ of $76.07. The stock has 5 warning signs investors should review. Among 733 Semiconductors companies, Melexis NV ranks worse than 71.08% on this metric.

As of today (2026-07-30), Melexis NV's current share price is $76.00. Melexis NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $11.55. Melexis NV's Cyclically Adjusted PB Ratio for today is 6.58.

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

MLXSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.08   Med: 10.69   Max: 20.74
Current: 5.64

During the past years, Melexis NV's highest Cyclically Adjusted PB Ratio was 20.74. The lowest was 4.08. And the median was 10.69.

MLXSF's Cyclically Adjusted PB Ratio is ranked worse than
71.08% of 733 companies
in the Semiconductors industry
Industry Median: 3.11 vs MLXSF: 5.64

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.

Melexis NV's adjusted book value per share data for the three months ended in Jun. 2026 was $12.747. 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 $11.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melexis NV  (OTCPK:MLXSF) 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.


Melexis NV Cyclically Adjusted PB Ratio Related Terms


Melexis NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Melexis NV'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.

Melexis NV Cyclically Adjusted PB Ratio Chart

Melexis NV 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 14.45 9.23 9.38 5.22 5.03

Melexis NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 4.64 6.44 5.03 4.51 6.58

MLXSF vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Melexis NV'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.


Melexis NV Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


MLXSF
90GF Score
Melexis NV MLXSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melexis NV 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.

Melexis NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=76.00/11.55
=6.58

* 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.

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

For example, Melexis NV'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)
=12.747/138.4600*138.4600
=12.747

Current CPI (Jun. 2026) = 138.4600.

Melexis NV Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.424 102.267 10.051
201609 8.122 102.118 11.012
201612 6.912 102.614 9.327
201703 7.679 103.972 10.226
201706 8.171 103.902 10.889
201709 9.551 104.170 12.695
201712 8.695 104.804 11.487
201803 9.947 105.419 13.065
201806 9.319 106.063 12.166
201809 10.179 106.618 13.219
201812 9.259 107.252 11.953
201903 9.601 107.876 12.323
201906 9.021 107.896 11.576
201909 9.241 107.470 11.906
201912 8.296 108.065 10.629
202003 8.816 108.550 11.245
202006 9.250 108.540 11.800
202009 10.098 108.441 12.893
202012 9.561 108.511 12.200
202103 11.019 109.522 13.931
202106 11.061 110.305 13.884
202109 11.876 111.543 14.742
202112 10.881 114.705 13.134
202203 11.937 118.620 13.934
202206 11.367 120.948 13.013
202209 11.882 124.120 13.255
202212 12.641 126.578 13.828
202303 14.099 126.528 15.429
202306 13.295 125.973 14.613
202309 14.611 127.083 15.919
202312 14.875 128.292 16.054
202403 16.197 130.552 17.178
202406 14.750 130.691 15.627
202409 16.651 130.968 17.604
202412 14.737 132.346 15.418
202503 15.449 134.348 15.922
202506 14.687 133.495 15.233
202512 14.356 135.070 14.716
202603 14.654 136.560 14.858
202606 12.747 138.460 12.747

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 6.58 mean?
Melexis NV (MLXSF) has a Cyclically Adjusted PB Ratio of 6.58 as of Jul. 30, 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 Melexis NV and its competitors. This is 38% below median its historical median of 10.69. Over the past decade, Melexis NV's Cyclically Adjusted PB Ratio has ranged from 4.08 to 20.74. According to the industry distribution chart, Melexis NV ranks #521 out of 733 companies in the Semiconductors industry, placing it in the top 71.1%.
Is Melexis NV's Cyclically Adjusted PB Ratio too high?
Melexis NV's current Cyclically Adjusted PB Ratio of 6.58 is 38% below median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 20.74. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.11. Melexis NV's value of 6.58 is 111.6% above this industry median. Based on the distribution chart, Melexis NV ranks #521 out of 733 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Melexis NV has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Melexis NV's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Melexis NV ranks #521 out of 733 companies for Cyclically Adjusted PB Ratio. This places Melexis NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.11. Melexis NV's value of 6.58 is 111.6% above this benchmark. Historically, Melexis NV's own Cyclically Adjusted PB Ratio has ranged from 4.08 to 20.74 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 3.11, Melexis NV 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 3.11, based on 733 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. Melexis NV's current Cyclically Adjusted PB Ratio of 6.58 is 111.6% 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 Melexis NV and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melexis NV's current Cyclically Adjusted PB Ratio is 6.58, which is 38% below median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melexis NV stock overvalued right now?
Melexis NV (MLXSF) has a current Cyclically Adjusted PB Ratio of 6.58. The stock's GF Value™ is $76.07, compared to a current price of $76.00 — trading 0.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.58, which is 38% below median its 10-year median of 10.69 and 111.6% above the Semiconductors industry median of 3.11. Melexis NV's overall GF Score™ is 90/100 with 5 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 Melexis NV (MLXSF), the current Cyclically Adjusted PB Ratio is 6.58 as of Jul. 30, 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 Melexis NV (MLXSF) Overvalued in 2026?

Based on GuruFocus' analysis, Melexis NV stock appears to be undervalued. The current stock price of $76.00 is trading 0.1% below its estimated GF Value™ of $76.07.

Key valuation signals for MLXSF:

  • Cyclically Adjusted PB Ratio: 6.58 (38% below median its 10-year median of 10.69)
  • GF Value™: $76.07 vs. price of $76.00 (0.1% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 111.6% above the Semiconductors median (#521 of 733)

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


Melexis NV Business Description

Address Rozendaalstraat 12, Ieper, BEL, B-8900
Melexis designs analog/mixed-signal automotive semiconductors for the automobile industry. Its chips measure position, temperature, electrical current, and pressure and convert real-world signals into digital signals to control car functionalities like the powertrain, rotation, safety systems, and pumps and fans, among others.
90GF Score

Get the complete analysis for MLXSF

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

$76.00
Price
$76.07
GF Value