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GigaDevice SemiconductorSHSE:603986 +1.75%86 Cyclically Adjusted PB Ratio is 21.73 as of Sep. 15, 2026, which is 131% above its 10-year median of 9.42. GuruFocus rates SHSE:603986 with a GF Score™ of 86/100 and a GF Value™ of ¥301.54 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 725 Semiconductors companies, GigaDevice Semiconductor ranks worse than 93.79% on this metric.
The historical rank and industry rank for GigaDevice Semiconductor's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:603986'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.69 Med: 9.42 Max: 49.81
Current: 22.23
During the past years, GigaDevice Semiconductor's highest Cyclically Adjusted PB Ratio was 49.81. The lowest was 5.69. And the median was 9.42.
SHSE:603986's Cyclically Adjusted PB Ratio is ranked worse than 93.79% of 725
companies
in the Semiconductors industry
Industry Median: 3.16
vs SHSE:603986: 22.23
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.
GigaDevice Semiconductor's adjusted book value per share data for the three months ended in Jun. 2026 was ¥53.500. 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 ¥16.71 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
GigaDevice Semiconductor (SHSE:603986) 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.
GigaDevice Semiconductor Cyclically Adjusted PB Ratio Related Terms
GigaDevice Semiconductor Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for GigaDevice Semiconductor'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.
GigaDevice Semiconductor Cyclically Adjusted PB Ratio Chart
SHSE:603986 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, GigaDevice Semiconductor'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.
GigaDevice Semiconductor Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GigaDevice Semiconductor's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where GigaDevice Semiconductor's Cyclically Adjusted PB Ratio falls into.
GigaDevice Semiconductor 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.
* 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 21.73 mean?
GigaDevice Semiconductor (SHSE:603986) has a Cyclically Adjusted PB Ratio of 21.73 as of Sep. 15, 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 GigaDevice Semiconductor and its competitors. This is 131% above median its historical median of 9.42. Over the past decade, GigaDevice Semiconductor's Cyclically Adjusted PB Ratio has ranged from 5.69 to 49.81. According to the industry distribution chart, GigaDevice Semiconductor ranks #680 out of 725 companies in the Semiconductors industry, placing it in the top 93.8%.
Is GigaDevice Semiconductor's Cyclically Adjusted PB Ratio too high?
GigaDevice Semiconductor's current Cyclically Adjusted PB Ratio of 21.73 is 131% above median its 10-year median of 9.42. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 49.81. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.16. GigaDevice Semiconductor's value of 21.73 is 587.7% above this industry median. Based on the distribution chart, GigaDevice Semiconductor ranks #680 out of 725 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, GigaDevice Semiconductor has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GigaDevice Semiconductor's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GigaDevice Semiconductor ranks #680 out of 725 companies for Cyclically Adjusted PB Ratio. This places GigaDevice Semiconductor in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.16. GigaDevice Semiconductor's value of 21.73 is 587.7% above this benchmark. Historically, GigaDevice Semiconductor's own Cyclically Adjusted PB Ratio has ranged from 5.69 to 49.81 over the past decade. While the company's 10-year median is 9.42 vs. the industry median of 3.16, GigaDevice Semiconductor 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 3.16, based on 725 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. GigaDevice Semiconductor's current Cyclically Adjusted PB Ratio of 21.73 is 587.7% 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 GigaDevice Semiconductor and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GigaDevice Semiconductor's current Cyclically Adjusted PB Ratio is 21.73, which is 131% above median its own 10-year median of 9.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GigaDevice Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, GigaDevice Semiconductor (SHSE:603986) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥301.54, compared to a current price of ¥363.11 — trading 20.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 21.73, which is 131% above median its 10-year median of 9.42 and 587.7% above the Semiconductors industry median of 3.16. GigaDevice Semiconductor's overall GF Score™ is 86/100 with 4 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 GigaDevice Semiconductor (SHSE:603986), the current Cyclically Adjusted PB Ratio is 21.73 as of Sep. 15, 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 GigaDevice Semiconductor (SHSE:603986) Overvalued in 2026?
Based on GuruFocus' analysis, GigaDevice Semiconductor stock appears to be overvalued.
The current stock price of ¥363.11 is trading 20.4% above its estimated GF Value™ of ¥301.54.
GuruFocus considers GigaDevice Semiconductor to be Modestly Overvalued.
Key valuation signals for SHSE:603986:
Cyclically Adjusted PB Ratio: 21.73 (131% above median its 10-year median of 9.42)
GF Value™: ¥301.54 vs. price of ¥363.11 (20.4% above fair value)
Industry Position: 587.7% above the Semiconductors median (#680 of 725)
No single metric tells the full story. See the SHSE:603986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications.
86GF Score
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