NPTSF (Napatech AS) Cyclically Adjusted PB Ratio: (As of Aug. 25, 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.

NPTSF Napatech AS NPTSF
54 GF Score
Price $2.22
GF Value $1.29
! 1 Warning Sign
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What is Napatech AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Napatech AS  (OTCPK:NPTSF) 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.


Napatech AS Cyclically Adjusted PB Ratio Related Terms


Napatech AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Napatech AS'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.

Napatech AS Cyclically Adjusted PB Ratio Chart

Napatech AS 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 0.00 2.50 2.58 5.63 7.87

Napatech AS 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 5.84 6.56 7.87 7.80 0.00

NPTSF vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Napatech AS'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.


Napatech AS Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


NPTSF
54GF Score
Napatech AS NPTSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Napatech AS 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.

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

For example, Napatech AS'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)
=0.25/122.9700*122.9700
=0.250

Current CPI (Jun. 2026) = 122.9700.

Napatech AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.984 100.200 1.208
201612 0.987 100.300 1.210
201703 0.994 101.200 1.208
201706 1.054 101.200 1.281
201709 1.060 101.800 1.280
201712 0.983 101.300 1.193
201803 0.902 101.700 1.091
201806 0.724 102.300 0.870
201809 0.320 102.400 0.384
201812 0.134 102.100 0.161
201903 0.119 102.900 0.142
201906 0.137 102.900 0.164
201909 0.135 102.900 0.161
201912 0.140 102.900 0.167
202003 0.137 103.300 0.163
202006 0.149 103.200 0.178
202009 0.159 103.500 0.189
202012 0.177 103.400 0.210
202103 0.185 104.300 0.218
202106 0.199 105.000 0.233
202109 0.211 105.800 0.245
202112 0.244 106.600 0.281
202203 0.228 109.900 0.255
202206 0.201 113.600 0.218
202209 0.170 116.400 0.180
202212 0.152 115.900 0.161
202303 0.109 117.300 0.114
202306 0.175 116.400 0.185
202309 0.172 117.400 0.180
202312 0.182 116.700 0.192
202403 0.135 118.400 0.140
202406 0.276 118.500 0.286
202409 0.251 118.900 0.260
202412 0.216 118.900 0.223
202503 0.173 120.200 0.177
202506 0.305 120.700 0.311
202509 0.296 121.600 0.299
202512 0.292 121.200 0.296
202603 0.262 121.680 0.265
202606 0.250 122.970 0.250

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 Napatech AS (NPTSF) Overvalued in 2026?

Based on GuruFocus' analysis, Napatech AS stock appears to be overvalued. The current stock price of $2.22 is trading 72.1% above its estimated GF Value™ of $1.29.

Key valuation signals for NPTSF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $1.29 vs. price of $2.22 (72.1% above fair value)
  • GF Score™: 54/100 with 1 warning sign

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


Napatech AS Business Description

Address Tobaksvejen 23A, Soeborg, Copenhagen, DNK, DK-2860
Napatech AS is a tech company. It enhances open and standard virtualized servers to boost innovation and release valuable computing resources that improve services and increase revenue. The Group manufactures and sells network adapters to end-users and through third-party channel partners. It derives the maximum of its revenue from the Americas.
54GF Score

Get the complete analysis for NPTSF

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

$2.22
Price
$1.29
GF Value