SQNS (Sequans Communications) Cyclically Adjusted PB Ratio: (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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SQNS Sequans Communications SA SQNS
47 GF Score
Price $2.91
GF Value $4.80
Valuation Possible Value Trap
! 8 Warning Signs
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What is Sequans Communications Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sequans Communications  (NYSE:SQNS) 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.


Sequans Communications Cyclically Adjusted PB Ratio Related Terms


Sequans Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sequans Communications'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.

Sequans Communications Cyclically Adjusted PB Ratio Chart

Sequans Communications 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 3.25 4.99 16.89 0.00 0.00

Sequans Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.00 0.00 0.00 0.00 0.00

SQNS vs PXLW, NA, GUER: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Sequans Communications'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.


Sequans Communications Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


SQNS
47GF Score
Sequans Communications SA SQNS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sequans Communications 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.

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

For example, Sequans Communications'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)
=2.781/123.5100*123.5100
=2.781

Current CPI (Jun. 2026) = 123.5100.

Sequans Communications Quarterly Data

Book Value per Share CPI Adj_Book
201606 -7.707 100.630 -9.459
201609 17.854 100.340 21.977
201612 11.813 100.650 14.496
201703 5.322 101.170 6.497
201706 17.563 101.320 21.409
201709 9.373 101.330 11.425
201712 5.185 101.850 6.288
201803 17.661 102.750 21.229
201806 9.621 103.370 11.495
201809 4.058 103.560 4.840
201812 -5.300 103.470 -6.327
201903 -5.528 103.890 -6.572
201906 -13.728 104.580 -16.213
201909 -21.111 104.500 -24.951
201912 -30.572 104.980 -35.968
202003 -41.479 104.590 -48.982
202006 -31.068 104.790 -36.618
202009 -38.022 104.550 -44.917
202012 -27.488 104.960 -32.346
202103 -20.944 105.750 -24.461
202106 -13.357 106.340 -15.514
202109 -12.578 106.810 -14.545
202112 -16.054 107.850 -18.385
202203 4.830 110.490 5.399
202206 3.544 112.550 3.889
202209 2.529 112.740 2.771
202212 1.088 114.160 1.177
202303 -0.650 116.790 -0.687
202306 4.637 117.650 4.868
202309 3.634 118.260 3.795
202312 -2.418 118.390 -2.523
202403 -6.787 119.470 -7.017
202406 -6.402 120.200 -6.578
202409 22.987 119.560 23.746
202412 21.949 119.950 22.600
202503 19.411 120.380 19.916
202506 16.249 121.360 16.537
202512 8.816 120.900 9.006
202603 4.779 122.420 4.822
202606 2.781 123.510 2.781

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 Sequans Communications (SQNS) Overvalued in 2026?

Based on GuruFocus' analysis, Sequans Communications stock appears to be undervalued. The current stock price of $2.91 is trading 39.4% below its estimated GF Value™ of $4.80. GuruFocus considers Sequans Communications to be Possible Value Trap.

Key valuation signals for SQNS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $4.80 vs. price of $2.91 (39.4% below fair value)
  • GF Score™: 47/100 with 8 warning signs

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


Sequans Communications Business Description

Other Exchanges 6SQ0:Germany
Address 15-55 Boulevard Charles de Gaulle, Colombes, FRA, 92700
Sequans Communications SA is a fabless semiconductor company specializing in wireless 4G and 5G cellular technologies for the Internet of Things (IoT). Sequans' engineers design and develop, secure, and energy-efficient semiconductor solutions that enable the next generation of AI-connected applications, including smart energy metering, industrial automation, smart mobility and logistics, secure payments, e-health, and smart home solutions. The Company offers a comprehensive portfolio of wireless connectivity solutions, including radio frequency (RF) transceivers, integrated circuits (ICs) for baseband processing, as well as modules, software, & protocol stacks. The Company has one operating segment, which is the design & marketing of semiconductor components for cellular wireless systems.
47GF Score

Get the complete analysis for SQNS

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

$2.91
Price
$4.80
GF Value