ImpinjPI +7.29%75 Cyclically Adjusted PB Ratio is 31.15 as of Jul. 01, 2026, which is 27% below its 10-year median of 42.55. GuruFocus rates PI with a GF Score™ of 75/100 and a GF Value™ of $123.05 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 737 Semiconductors companies, Impinj ranks worse than 94.3% on this metric.
As of today (2026-07-01), Impinj's current share price is $143.29. Impinj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.60. Impinj's Cyclically Adjusted PB Ratio for today is 31.15.
The historical rank and industry rank for Impinj's Cyclically Adjusted PB Ratio or its related term are showing as below:
PI'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 18.29 Med: 42.55 Max: 76.73
Current: 31.16
During the past years, Impinj's highest Cyclically Adjusted PB Ratio was 76.73. The lowest was 18.29. And the median was 42.55.
PI's Cyclically Adjusted PB Ratio is ranked worse than 94.3% of 737
companies
in the Semiconductors industry
Industry Median: 3.56
vs PI: 31.16
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.
Impinj's adjusted book value per share data for the three months ended in Mar. 2026 was $6.694. 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 $4.60 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Impinj (NAS:PI) 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.
Impinj Cyclically Adjusted PB Ratio Related Terms
Impinj Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Impinj'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.
PI vs NVTS, POWI, LASR: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, Impinj'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.
Impinj Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Impinj's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Impinj's Cyclically Adjusted PB Ratio falls into.
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.
Impinj's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 31.15 mean?
Impinj (PI) has a Cyclically Adjusted PB Ratio of 31.15 as of Jul. 01, 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 Impinj and its competitors. This is 27% below median its historical median of 42.55. Over the past decade, Impinj's Cyclically Adjusted PB Ratio has ranged from 18.29 to 76.73. According to the industry distribution chart, Impinj ranks #695 out of 737 companies in the Semiconductors industry, placing it in the top 94.3%.
Is Impinj's Cyclically Adjusted PB Ratio too high?
Impinj's current Cyclically Adjusted PB Ratio of 31.15 is 27% below median its 10-year median of 42.55. Over the past 10 years, this metric has ranged from a low of 18.29 to a high of 76.73. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.56. Impinj's value of 31.15 is 775% above this industry median. Based on the distribution chart, Impinj ranks #695 out of 737 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Impinj has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Impinj's Cyclically Adjusted PB Ratio compare to NVTS and POWI?
According to the Semiconductors industry distribution chart, Impinj ranks #695 out of 737 companies for Cyclically Adjusted PB Ratio. This places Impinj in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.56. Impinj's value of 31.15 is 775% above this benchmark. Historically, Impinj's own Cyclically Adjusted PB Ratio has ranged from 18.29 to 76.73 over the past decade. While the company's 10-year median is 42.55 vs. the industry median of 3.56, Impinj 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 3.56, based on 737 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. Impinj's current Cyclically Adjusted PB Ratio of 31.15 is 775% 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 Impinj and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impinj's current Cyclically Adjusted PB Ratio is 31.15, which is 27% below median its own 10-year median of 42.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impinj stock overvalued right now?
Based on GuruFocus' analysis, Impinj (PI) is currently considered Modestly Overvalued. The stock's GF Value™ is $123.05, compared to a current price of $143.29 — trading 16.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 31.15, which is 27% below median its 10-year median of 42.55 and 775% above the Semiconductors industry median of 3.56. Impinj's overall GF Score™ is 75/100 with 3 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 Impinj (PI), the current Cyclically Adjusted PB Ratio is 31.15 as of Jul. 01, 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 Impinj (PI) Overvalued in 2026?
Based on GuruFocus' analysis, Impinj stock appears to be overvalued.
The current stock price of $143.29 is trading 16.4% above its estimated GF Value™ of $123.05.
GuruFocus considers Impinj to be Modestly Overvalued.
Key valuation signals for PI:
Cyclically Adjusted PB Ratio: 31.15 (27% below median its 10-year median of 42.55)
GF Value™: $123.05 vs. price of $143.29 (16.4% above fair value)
Industry Position: 775% above the Semiconductors median (#695 of 737)
No single metric tells the full story. See the PI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.
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