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The historical rank and industry rank for Espressif Systems (Shanghai) Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:688018'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.78 Med: 16.22 Max: 22.94
Current: 15.14
During the past 10 years, Espressif Systems (Shanghai) Co's highest Cyclically Adjusted PB Ratio was 22.94. The lowest was 13.78. And the median was 16.22.
SHSE:688018's Cyclically Adjusted PB Ratio is ranked worse than 89.93% of 725
companies
in the Semiconductors industry
Industry Median: 3.18
vs SHSE:688018: 15.14
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.
Espressif Systems (Shanghai) Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was ¥19.053. 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 ¥7.41 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Espressif Systems (Shanghai) Co (SHSE:688018) 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.
Espressif Systems (Shanghai) Co Cyclically Adjusted PB Ratio Related Terms
Espressif Systems (Shanghai) Co Cyclically Adjusted PB Ratio Historical Data
* 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.
Espressif Systems (Shanghai) Co Cyclically Adjusted PB Ratio Chart
SHSE:688018 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, Espressif Systems (Shanghai) Co'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.
Espressif Systems (Shanghai) Co Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Espressif Systems (Shanghai) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Espressif Systems (Shanghai) Co's Cyclically Adjusted PB Ratio falls into.
Espressif Systems (Shanghai) Co 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 15.14 mean?
Espressif Systems (Shanghai) Co (SHSE:688018) has a Cyclically Adjusted PB Ratio of 15.14 as of Aug. 23, 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 Espressif Systems (Shanghai) Co and its competitors. This is near median its historical median of 16.22. Over the past decade, Espressif Systems (Shanghai) Co's Cyclically Adjusted PB Ratio has ranged from 13.78 to 22.94. According to the industry distribution chart, Espressif Systems (Shanghai) Co ranks #652 out of 725 companies in the Semiconductors industry, placing it in the top 89.9%.
Is Espressif Systems (Shanghai) Co's Cyclically Adjusted PB Ratio too high?
Espressif Systems (Shanghai) Co's current Cyclically Adjusted PB Ratio of 15.14 is near median its 10-year median of 16.22. Over the past 10 years, this metric has ranged from a low of 13.78 to a high of 22.94. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.18. Espressif Systems (Shanghai) Co's value of 15.14 is 376.1% above this industry median. Based on the distribution chart, Espressif Systems (Shanghai) Co ranks #652 out of 725 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Espressif Systems (Shanghai) Co has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Espressif Systems (Shanghai) Co's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Espressif Systems (Shanghai) Co ranks #652 out of 725 companies for Cyclically Adjusted PB Ratio. This places Espressif Systems (Shanghai) Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.18. Espressif Systems (Shanghai) Co's value of 15.14 is 376.1% above this benchmark. Historically, Espressif Systems (Shanghai) Co's own Cyclically Adjusted PB Ratio has ranged from 13.78 to 22.94 over the past decade. While the company's 10-year median is 16.22 vs. the industry median of 3.18, Espressif Systems (Shanghai) Co 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 3.18, 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. Espressif Systems (Shanghai) Co's current Cyclically Adjusted PB Ratio of 15.14 is 376.1% 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 Espressif Systems (Shanghai) Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Espressif Systems (Shanghai) Co's current Cyclically Adjusted PB Ratio is 15.14, which is near median its own 10-year median of 16.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Espressif Systems (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Espressif Systems (Shanghai) Co (SHSE:688018) is currently considered Fairly Valued. The stock's GF Value™ is ¥118.57, compared to a current price of ¥112.21 — trading 5.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 15.14, which is near median its 10-year median of 16.22 and 376.1% above the Semiconductors industry median of 3.18. Espressif Systems (Shanghai) Co's overall GF Score™ is 97/100 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 Espressif Systems (Shanghai) Co (SHSE:688018), the current Cyclically Adjusted PB Ratio is 15.14 as of Aug. 23, 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 Espressif Systems (Shanghai) Co (SHSE:688018) Overvalued in 2026?
Based on GuruFocus' analysis, Espressif Systems (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥112.21 is trading 5.4% below its estimated GF Value™ of ¥118.57.
GuruFocus considers Espressif Systems (Shanghai) Co to be Fairly Valued.
Key valuation signals for SHSE:688018:
Cyclically Adjusted PB Ratio: 15.14 (near median its 10-year median of 16.22)
GF Value™: ¥118.57 vs. price of ¥112.21 (5.4% below fair value)
Industry Position: 376.1% above the Semiconductors median (#652 of 725)
No single metric tells the full story. See the SHSE:688018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Espressif Systems (Shanghai) Co Ltd is primarily engaged in development, design and sales of Wi-Fi MCU communication chips and their modules from the internet of things.
97GF Score
Get the complete analysis for SHSE:688018
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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