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TSEM (Tower Semiconductor) Cyclically Adjusted PB Ratio : 3.01 (As of Jun. 27, 2025)


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What is Tower Semiconductor Cyclically Adjusted PB Ratio?

As of today (2025-06-27), Tower Semiconductor's current share price is $43.46. Tower Semiconductor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $14.43. Tower Semiconductor's Cyclically Adjusted PB Ratio for today is 3.01.

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

TSEM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 2.95   Max: 5.54
Current: 2.79

During the past years, Tower Semiconductor's highest Cyclically Adjusted PB Ratio was 5.54. The lowest was 0.46. And the median was 2.95.

TSEM's Cyclically Adjusted PB Ratio is ranked worse than
61.85% of 713 companies
in the Semiconductors industry
Industry Median: 2.01 vs TSEM: 2.79

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.

Tower Semiconductor's adjusted book value per share data for the three months ended in Mar. 2025 was $24.295. 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 $14.43 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tower Semiconductor Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tower 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.

* Premium members only.

Tower Semiconductor Cyclically Adjusted PB Ratio Chart

Tower Semiconductor Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 3.71 4.13 2.58 3.74

Tower Semiconductor Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.72 3.15 3.38 3.74 2.47

Competitive Comparison of Tower Semiconductor's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Tower 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.


Tower Semiconductor's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Tower 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.

Tower Semiconductor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.46/14.43
=3.01

* 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.

Tower Semiconductor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tower Semiconductor's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=24.295/134.9266*134.9266
=24.295

Current CPI (Mar. 2025) = 134.9266.

Tower Semiconductor Quarterly Data

Book Value per Share CPI Adj_Book
201506 4.076 100.684 5.462
201509 3.956 100.392 5.317
201512 4.842 99.792 6.547
201603 5.984 100.470 8.036
201606 6.526 101.688 8.659
201609 6.840 101.861 9.060
201612 7.421 101.863 9.830
201703 7.879 102.862 10.335
201706 8.381 103.349 10.942
201709 8.966 104.136 11.617
201712 10.523 104.011 13.651
201803 10.887 105.290 13.951
201806 11.163 106.317 14.167
201809 11.048 106.507 13.996
201812 11.840 105.998 15.071
201903 11.986 107.251 15.079
201906 12.225 108.070 15.263
201909 12.457 108.329 15.515
201912 12.682 108.420 15.782
202003 12.813 108.902 15.875
202006 13.034 108.767 16.169
202009 13.233 109.815 16.259
202012 13.508 109.897 16.585
202103 13.718 111.754 16.562
202106 14.069 114.631 16.560
202109 14.420 115.734 16.811
202112 15.029 117.630 17.239
202203 15.258 121.301 16.972
202206 15.604 125.017 16.841
202209 16.161 125.227 17.413
202212 17.200 125.222 18.533
202303 17.981 127.348 19.051
202306 18.286 128.729 19.166
202309 21.286 129.860 22.117
202312 21.949 129.419 22.883
202403 22.234 131.776 22.766
202406 22.737 132.554 23.144
202409 23.491 133.029 23.826
202412 23.786 133.157 24.102
202503 24.295 134.927 24.295

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.


Tower Semiconductor  (NAS:TSEM) 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.


Tower Semiconductor Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Tower Semiconductor's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tower Semiconductor Business Description

Traded in Other Exchanges
Address
20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a range of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. It produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. The company has a geographical presence in the USA, Japan, Asia (other than Japan), and Europe.