ULVAC (ULVAF) Cyclically Adjusted PB Ratio: 3.00 (As of Jul. 18, 2026) — 29% Above Median

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ULVAF ULVAC Inc ULVAF
82 GF Score
Price $62.00
GF Value $46.27
Valuation Significantly Overvalued
! 4 Warning Signs
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What is ULVAC Cyclically Adjusted PB Ratio?

ULVAC ULVAF +19.32% 82 Cyclically Adjusted PB Ratio is 3.00 as of Jul. 18, 2026, which is 29% above its 10-year median of 2.32. GuruFocus rates ULVAF with a GF Score™ of 82/100 and a GF Value™ of $46.27 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,290 Industrial Products companies, ULVAC ranks worse than 56.9% on this metric.

As of today (2026-07-18), ULVAC's current share price is $62.00. ULVAC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $20.65. ULVAC's Cyclically Adjusted PB Ratio for today is 3.00.

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

ULVAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.32   Max: 5.15
Current: 2.6

During the past years, ULVAC's highest Cyclically Adjusted PB Ratio was 5.15. The lowest was 1.18. And the median was 2.32.

ULVAF's Cyclically Adjusted PB Ratio is ranked worse than
56.9% of 2290 companies
in the Industrial Products industry
Industry Median: 2.22 vs ULVAF: 2.60

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.

ULVAC's adjusted book value per share data for the three months ended in Mar. 2026 was $29.428. 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 $20.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ULVAC  (OTCPK:ULVAF) 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.


ULVAC Cyclically Adjusted PB Ratio Related Terms


ULVAC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ULVAC'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.

ULVAC Cyclically Adjusted PB Ratio Chart

ULVAC Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 1.98 2.28 3.47 1.56

ULVAC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.53 1.56 1.85 1.97 2.23

ULVAF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, ULVAC'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.


ULVAC Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ULVAC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ULVAF
82GF Score
ULVAC Inc ULVAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ULVAC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.00/20.65
=3.00

* 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.

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

For example, ULVAC's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=29.428/112.7000*112.7000
=29.428

Current CPI (Mar. 2026) = 112.7000.

ULVAC Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.023 98.100 16.110
201609 15.229 98.000 17.513
201612 14.886 98.400 17.049
201703 16.566 98.100 19.031
201706 18.058 98.500 20.661
201709 18.909 98.800 21.569
201712 22.386 99.400 25.381
201803 25.634 99.200 29.122
201806 27.203 99.200 30.905
201809 26.220 99.900 29.580
201812 26.124 99.700 29.530
201903 27.525 99.700 31.114
201906 28.338 99.800 32.001
201909 28.223 100.100 31.776
201912 28.651 100.500 32.129
202003 29.169 100.300 32.775
202006 29.116 99.900 32.847
202009 28.897 99.900 32.600
202012 30.472 99.300 34.584
202103 30.216 99.900 34.088
202106 30.778 99.500 34.861
202109 30.181 100.100 33.980
202112 30.646 100.100 34.504
202203 30.828 101.100 34.365
202206 28.644 101.800 31.711
202209 26.461 103.100 28.925
202212 28.644 104.100 31.010
202303 29.306 104.400 31.636
202306 28.472 105.200 30.502
202309 26.787 106.200 28.427
202312 28.164 106.800 29.720
202403 28.304 107.200 29.756
202406 28.368 108.200 29.548
202409 30.046 108.900 31.094
202412 29.162 110.700 29.689
202503 29.762 111.100 30.191
202506 31.409 111.700 31.690
202509 29.919 112.000 30.106
202512 29.446 113.000 29.368
202603 29.428 112.700 29.428

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 3.00 mean?
ULVAC (ULVAF) has a Cyclically Adjusted PB Ratio of 3.00 as of Jul. 18, 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 ULVAC and its competitors. This is 29% above median its historical median of 2.32. Over the past decade, ULVAC's Cyclically Adjusted PB Ratio has ranged from 1.18 to 5.15. According to the industry distribution chart, ULVAC ranks #1303 out of 2290 companies in the Industrial Products industry, placing it in the top 56.9%.
Is ULVAC's Cyclically Adjusted PB Ratio too high?
ULVAC's current Cyclically Adjusted PB Ratio of 3.00 is 29% above median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 5.15. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.22. ULVAC's value of 3.00 is 35.1% above this industry median. Based on the distribution chart, ULVAC ranks #1303 out of 2290 companies in the Industrial Products industry, which is below the industry midpoint. Overall, ULVAC has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ULVAC's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ULVAC ranks #1303 out of 2290 companies for Cyclically Adjusted PB Ratio. This places ULVAC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.22. ULVAC's value of 3.00 is 35.1% above this benchmark. Historically, ULVAC's own Cyclically Adjusted PB Ratio has ranged from 1.18 to 5.15 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 2.22, ULVAC 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.22, based on 2,290 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. ULVAC's current Cyclically Adjusted PB Ratio of 3.00 is 35.1% 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 ULVAC and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ULVAC's current Cyclically Adjusted PB Ratio is 3.00, which is 29% above median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ULVAC stock overvalued right now?
Based on GuruFocus' analysis, ULVAC (ULVAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $46.27, compared to a current price of $62.00 — trading 34% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.00, which is 29% above median its 10-year median of 2.32 and 35.1% above the Industrial Products industry median of 2.22. ULVAC's overall GF Score™ is 82/100 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 ULVAC (ULVAF), the current Cyclically Adjusted PB Ratio is 3.00 as of Jul. 18, 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 ULVAC (ULVAF) Overvalued in 2026?

Based on GuruFocus' analysis, ULVAC stock appears to be overvalued. The current stock price of $62.00 is trading 34% above its estimated GF Value™ of $46.27. GuruFocus considers ULVAC to be Significantly Overvalued.

Key valuation signals for ULVAF:

  • Cyclically Adjusted PB Ratio: 3.00 (29% above median its 10-year median of 2.32)
  • GF Value™: $46.27 vs. price of $62.00 (34% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 35.1% above the Industrial Products median (#1303 of 2290)

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


ULVAC Business Description

Other Exchanges 6728:Japan
Address 2500 Hagisono, Kanagawa Prefecture, Chigasaki, JPN, 253-8543
ULVAC Inc is engaged in the vacuum equipment and vacuum application businesses. It operates through two reportable segments: the Vacuum Equipment Business and the Vacuum Application Business. The Vacuum Equipment segment develops, manufactures, sells, and services sputtering equipment for LCD and semiconductor manufacturing, organic EL equipment, vacuum deposition systems, and vacuum pumps. The Vacuum Application segment handles products that use vacuum technology, such as sputtering target materials and analytical equipment, and provides related development, manufacturing, and maintenance services. It generates the majority of its revenue from the Vacuum equipment business segment.
82GF Score

Get the complete analysis for ULVAF

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

$62.00
Price
$46.27
GF Value