Cirtek Holdings Philippines (PHS:TECH) Cyclically Adjusted PB Ratio: 0.05 (As of Aug. 12, 2026) — 55% 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.

PHS:TECH Cirtek Holdings Philippines Corp PHS:TECH
59 GF Score
Price ₱1.17
GF Value ₱1.06
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Cirtek Holdings Philippines Cyclically Adjusted PB Ratio?

Cirtek Holdings Philippines PHS:TECH 59 Cyclically Adjusted PB Ratio is 0.05 as of Aug. 12, 2026, which is 55% below its 10-year median of 0.11. GuruFocus rates PHS:TECH with a GF Score™ of 59/100 and a GF Value™ of ₱1.06 (Fairly Valued). The stock has 9 warning signs investors should review. Among 728 Semiconductors companies, Cirtek Holdings Philippines ranks better than 99.73% on this metric.

As of today (2026-08-12), Cirtek Holdings Philippines's current share price is ₱1.17. Cirtek Holdings Philippines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₱21.65. Cirtek Holdings Philippines's Cyclically Adjusted PB Ratio for today is 0.05.

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

PHS:TECH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.11   Max: 0.59
Current: 0.05

During the past years, Cirtek Holdings Philippines's highest Cyclically Adjusted PB Ratio was 0.59. The lowest was 0.02. And the median was 0.11.

PHS:TECH's Cyclically Adjusted PB Ratio is ranked better than
99.73% of 728 companies
in the Semiconductors industry
Industry Median: 3.23 vs PHS:TECH: 0.05

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.

Cirtek Holdings Philippines's adjusted book value per share data for the three months ended in Mar. 2026 was ₱19.104. 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 ₱21.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cirtek Holdings Philippines  (PHS:TECH) 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.


Cirtek Holdings Philippines Cyclically Adjusted PB Ratio Related Terms


Cirtek Holdings Philippines Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cirtek Holdings Philippines'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.

Cirtek Holdings Philippines Cyclically Adjusted PB Ratio Chart

Cirtek Holdings Philippines 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 0.26 0.16 0.09 0.07 0.03

Cirtek Holdings Philippines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.04 0.03 0.03 0.03 0.02

PHS:TECH vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Cirtek Holdings Philippines'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.


Cirtek Holdings Philippines Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

* The bar in red indicates where Cirtek Holdings Philippines's Cyclically Adjusted PB Ratio falls into.


PHS:TECH
59GF Score
Cirtek Holdings Philippines Corp PHS:TECH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cirtek Holdings Philippines 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.

Cirtek Holdings Philippines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.17/21.65
=0.05

* 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.

Cirtek Holdings Philippines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Cirtek Holdings Philippines's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19.104/330.2130*330.2130
=19.104

Current CPI (Mar. 2026) = 330.2130.

Cirtek Holdings Philippines Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.010 241.018 13.714
201609 10.309 241.428 14.100
201612 10.517 241.432 14.384
201703 10.556 243.801 14.297
201706 10.979 244.955 14.800
201709 10.461 246.819 13.996
201712 19.602 246.524 26.256
201803 19.617 249.554 25.957
201806 20.259 251.989 26.548
201809 8.094 252.439 10.588
201812 21.344 251.233 28.054
201903 21.353 254.202 27.738
201906 21.266 256.143 27.416
201909 21.286 256.759 27.376
201912 22.216 256.974 28.548
202003 22.437 258.115 28.704
202006 18.794 257.797 24.073
202009 20.728 260.280 26.297
202012 23.369 260.474 29.626
202103 23.375 264.877 29.141
202106 23.773 271.696 28.893
202109 17.845 274.310 21.482
202112 19.545 278.802 23.149
202203 19.504 287.504 22.401
202206 19.712 296.311 21.967
202209 19.718 296.808 21.937
202212 19.609 296.797 21.817
202303 19.472 301.836 21.303
202306 19.521 305.109 21.127
202309 19.564 307.789 20.989
202312 19.307 306.746 20.784
202403 19.191 312.332 20.290
202406 18.986 314.175 19.955
202409 19.003 315.301 19.902
202412 18.767 315.605 19.636
202503 18.850 319.799 19.464
202506 19.163 322.561 19.618
202509 19.269 324.800 19.590
202512 19.004 324.054 19.365
202603 19.104 330.213 19.104

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 0.05 mean?
Cirtek Holdings Philippines (PHS:TECH) has a Cyclically Adjusted PB Ratio of 0.05 as of Aug. 12, 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 Cirtek Holdings Philippines and its competitors. This is 55% below median its historical median of 0.11. Over the past decade, Cirtek Holdings Philippines' Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.59. According to the industry distribution chart, Cirtek Holdings Philippines ranks #2 out of 728 companies in the Semiconductors industry, placing it in the top 0.3%.
Is Cirtek Holdings Philippines' Cyclically Adjusted PB Ratio too high?
Cirtek Holdings Philippines' current Cyclically Adjusted PB Ratio of 0.05 is 55% below median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.59. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.23. Cirtek Holdings Philippines' value of 0.05 is 98.5% below this industry median. Based on the distribution chart, Cirtek Holdings Philippines ranks #2 out of 728 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Cirtek Holdings Philippines has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cirtek Holdings Philippines' Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Cirtek Holdings Philippines ranks #2 out of 728 companies for Cyclically Adjusted PB Ratio. This places Cirtek Holdings Philippines in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.23. Cirtek Holdings Philippines' value of 0.05 is 98.5% below this benchmark. Historically, Cirtek Holdings Philippines' own Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.59 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 3.23, Cirtek Holdings Philippines has consistently been below 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 3.23, based on 728 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. Cirtek Holdings Philippines's current Cyclically Adjusted PB Ratio of 0.05 is 98.5% below 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 Cirtek Holdings Philippines and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cirtek Holdings Philippines's current Cyclically Adjusted PB Ratio is 0.05, which is 55% below median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirtek Holdings Philippines stock overvalued right now?
Based on GuruFocus' analysis, Cirtek Holdings Philippines (PHS:TECH) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.06, compared to a current price of ₱1.17 — trading 10.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 55% below median its 10-year median of 0.11 and 98.5% below the Semiconductors industry median of 3.23. Cirtek Holdings Philippines' overall GF Score™ is 59/100 with 9 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 Cirtek Holdings Philippines (PHS:TECH), the current Cyclically Adjusted PB Ratio is 0.05 as of Aug. 12, 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 Cirtek Holdings Philippines (PHS:TECH) Overvalued in 2026?

Based on GuruFocus' analysis, Cirtek Holdings Philippines stock appears to be overvalued. The current stock price of ₱1.17 is trading 10.4% above its estimated GF Value™ of ₱1.06. GuruFocus considers Cirtek Holdings Philippines to be Fairly Valued.

Key valuation signals for PHS:TECH:

  • Cyclically Adjusted PB Ratio: 0.05 (55% below median its 10-year median of 0.11)
  • GF Value™: ₱1.06 vs. price of ₱1.17 (10.4% above fair value)
  • GF Score™: 59/100 with 9 warning signs
  • Industry Position: 98.5% below the Semiconductors median (#2 of 728)

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


Cirtek Holdings Philippines Business Description

Address 116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024
Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services. Its segments include: CEC, CATSI - Philippine Branch and Quintel.
59GF Score

Get the complete analysis for PHS:TECH

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

₱1.17
Price
₱1.06
GF Value