SUMCO (STU:S3X) Cyclically Adjusted PB Ratio: 2.81 (As of Aug. 15, 2026) — 38% Above 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.

STU:S3X SUMCO Corp STU:S3X
64 GF Score
Price €20.94
GF Value €7.53
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is SUMCO Cyclically Adjusted PB Ratio?

SUMCO STU:S3X -1.81% 64 Cyclically Adjusted PB Ratio is 2.81 as of Aug. 15, 2026, which is 38% above its 10-year median of 2.03. GuruFocus rates STU:S3X with a GF Score™ of 64/100 and a GF Value™ of €7.53 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 727 Semiconductors companies, SUMCO ranks better than 56.53% on this metric.

As of today (2026-08-15), SUMCO's current share price is €20.94. SUMCO's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €7.44. SUMCO's Cyclically Adjusted PB Ratio for today is 2.81.

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

STU:S3X' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 2.03   Max: 3.86
Current: 2.87

During the past years, SUMCO's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 0.70. And the median was 2.03.

STU:S3X's Cyclically Adjusted PB Ratio is ranked better than
56.53% of 727 companies
in the Semiconductors industry
Industry Median: 3.23 vs STU:S3X: 2.87

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.

SUMCO's adjusted book value per share data for the three months ended in Jun. 2026 was €8.771. 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 €7.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SUMCO  (STU:S3X) 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.


SUMCO Cyclically Adjusted PB Ratio Related Terms


SUMCO Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SUMCO'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.

SUMCO Cyclically Adjusted PB Ratio Chart

SUMCO 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 2.80 1.82 1.96 0.98 1.09

SUMCO Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.90 1.22 1.09 1.24 2.95

STU:S3X vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, SUMCO'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.


SUMCO Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


STU:S3X
64GF Score
SUMCO Corp STU:S3X
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SUMCO 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.

SUMCO's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.94/7.44
=2.81

* 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.

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

For example, SUMCO'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)
=8.771/113.6000*113.6000
=8.771

Current CPI (Jun. 2026) = 113.6000.

SUMCO Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.047 98.000 7.010
201612 5.847 98.400 6.750
201703 6.037 98.100 6.991
201706 6.044 98.500 6.971
201709 5.901 98.800 6.785
201712 6.154 99.400 7.033
201803 6.338 99.200 7.258
201806 6.957 99.200 7.967
201809 7.068 99.900 8.037
201812 7.613 99.700 8.674
201903 7.865 99.700 8.962
201906 8.289 99.800 9.435
201909 8.483 100.100 9.627
201912 8.500 100.500 9.608
202003 8.775 100.300 9.939
202006 8.927 99.900 10.151
202009 8.627 99.900 9.810
202012 8.571 99.300 9.805
202103 8.562 99.900 9.736
202106 8.637 99.500 9.861
202109 9.021 100.100 10.238
202112 10.572 100.100 11.998
202203 10.640 101.100 11.956
202206 10.293 101.800 11.486
202209 10.479 103.100 11.546
202212 10.661 104.100 11.634
202303 11.087 104.400 12.064
202306 10.703 105.200 11.558
202309 10.319 106.200 11.038
202312 10.421 106.800 11.085
202403 10.168 107.200 10.775
202406 9.992 108.200 10.491
202409 10.427 108.900 10.877
202412 10.512 110.700 10.787
202503 10.413 111.100 10.647
202506 10.116 111.700 10.288
202509 9.606 112.000 9.743
202512 9.059 113.000 9.107
202603 8.875 112.700 8.946
202606 8.771 113.600 8.771

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 2.81 mean?
SUMCO (STU:S3X) has a Cyclically Adjusted PB Ratio of 2.81 as of Aug. 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 SUMCO and its competitors. This is 38% above median its historical median of 2.03. Over the past decade, SUMCO's Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.86. According to the industry distribution chart, SUMCO ranks #316 out of 727 companies in the Semiconductors industry, placing it in the top 43.5%.
Is SUMCO's Cyclically Adjusted PB Ratio too high?
SUMCO's current Cyclically Adjusted PB Ratio of 2.81 is 38% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.86. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.23. SUMCO's value of 2.81 is 13% below this industry median. Based on the distribution chart, SUMCO ranks #316 out of 727 companies in the Semiconductors industry, which is above the industry midpoint. Overall, SUMCO has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SUMCO's Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, SUMCO ranks #316 out of 727 companies for Cyclically Adjusted PB Ratio. This puts SUMCO in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.23. SUMCO's value of 2.81 is 13% below this benchmark. Historically, SUMCO's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 3.86 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 3.23, SUMCO 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 727 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. SUMCO's current Cyclically Adjusted PB Ratio of 2.81 is 13% 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 SUMCO 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. SUMCO's current Cyclically Adjusted PB Ratio is 2.81, which is 38% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SUMCO stock overvalued right now?
Based on GuruFocus' analysis, SUMCO (STU:S3X) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.53, compared to a current price of €20.94 — trading 178.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.81, which is 38% above median its 10-year median of 2.03 and 13% below the Semiconductors industry median of 3.23. SUMCO's overall GF Score™ is 64/100 with 5 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 SUMCO (STU:S3X), the current Cyclically Adjusted PB Ratio is 2.81 as of Aug. 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 SUMCO (STU:S3X) Overvalued in 2026?

Based on GuruFocus' analysis, SUMCO stock appears to be overvalued. The current stock price of €20.94 is trading 178.1% above its estimated GF Value™ of €7.53. GuruFocus considers SUMCO to be Significantly Overvalued.

Key valuation signals for STU:S3X:

  • Cyclically Adjusted PB Ratio: 2.81 (38% above median its 10-year median of 2.03)
  • GF Value™: €7.53 vs. price of €20.94 (178.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 13% below the Semiconductors median (#316 of 727)

No single metric tells the full story. See the STU:S3X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SUMCO Business Description

Address 1-2-1 Shibaura, Minato-ku, Tokyo, JPN, 105-8634
Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world's second-largest semiconductor-grade silicon wafer manufacturer, with an estimated 21% market share in 2025. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the US, the UK, Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung, and Micron. The firm employs over 9,700 people.
64GF Score

Get the complete analysis for STU:S3X

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

€20.94
Price
€7.53
GF Value