ams-OSRAM AG (WBO:AMS2) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:AMS2 ams-OSRAM AG WBO:AMS2
46 GF Score
Price €19.50
GF Value €8.74
Valuation Significantly Overvalued
! 6 Warning Signs
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What is ams-OSRAM AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ams-OSRAM AG  (WBO:AMS2) 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.


ams-OSRAM AG Cyclically Adjusted PB Ratio Related Terms


ams-OSRAM AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ams-OSRAM AG'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.

ams-OSRAM AG Cyclically Adjusted PB Ratio Chart

ams-OSRAM AG 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 1.74 0.60 0.34 0.10 0.13

ams-OSRAM AG 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 0.18 0.19 0.13 0.14 0.00

WBO:AMS2 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, ams-OSRAM AG'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.


ams-OSRAM AG Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

* The bar in red indicates where ams-OSRAM AG's Cyclically Adjusted PB Ratio falls into.


WBO:AMS2
46GF Score
ams-OSRAM AG WBO:AMS2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ams-OSRAM AG 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.

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

For example, ams-OSRAM AG'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)
=7.1/142.1600*142.1600
=7.100

Current CPI (Jun. 2026) = 142.1600.

ams-OSRAM AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 35.511 101.192 49.888
201612 36.701 102.092 51.105
201703 46.982 102.592 65.102
201706 40.302 102.991 55.629
201709 34.341 103.591 47.127
201712 35.722 104.291 48.693
201803 52.270 104.491 71.113
201806 53.686 105.091 72.623
201809 56.619 105.691 76.155
201812 57.208 106.291 76.513
201903 57.518 106.391 76.856
201906 57.629 106.791 76.716
201909 68.555 106.991 91.090
201912 75.720 108.091 99.586
202003 34.633 108.024 45.577
202006 64.089 107.915 84.426
202009 62.840 108.348 82.450
202012 63.644 109.321 82.762
202103 66.591 110.186 85.914
202106 58.306 110.943 74.712
202109 59.403 111.916 75.456
202112 64.628 113.971 80.613
202203 66.602 117.647 80.479
202206 72.917 120.567 85.976
202209 67.730 123.811 77.768
202212 58.107 125.541 65.799
202303 54.229 128.460 60.012
202306 25.716 130.191 28.080
202309 25.934 131.272 28.085
202312 19.230 132.570 20.621
202403 12.366 133.759 13.143
202406 12.305 134.083 13.046
202409 12.527 133.651 13.325
202412 12.424 135.273 13.057
202503 10.937 137.760 11.286
202506 9.983 138.517 10.246
202509 9.661 138.950 9.884
202512 9.530 140.350 9.653
202603 8.328 142.160 8.328
202606 7.100 142.160 7.100

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 ams-OSRAM AG (WBO:AMS2) Overvalued in 2026?

Based on GuruFocus' analysis, ams-OSRAM AG stock appears to be overvalued. The current stock price of €19.50 is trading 123.1% above its estimated GF Value™ of €8.74. GuruFocus considers ams-OSRAM AG to be Significantly Overvalued.

Key valuation signals for WBO:AMS2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.74 vs. price of €19.50 (123.1% above fair value)
  • GF Score™: 46/100 with 6 warning signs

No single metric tells the full story. See the WBO:AMS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ams-OSRAM AG Business Description

Address Tobelbader Strasse 30, Premstaetten, AUT, 8141
ams-OSRAM AG designs, manufactures, and sells sensors, sensor interfaces, and analog integrated circuit solutions. The company is an important supplier to customers in the consumer, communications, medical, automotive, and industrial end markets. The firm operates in three segments: BU Opto Semiconductors, CMOS Sensors & ASICs, and BU Lamps and Systems. The majority of its revenue is generated from the BU Opto Semiconductors segment. The company generates maximum revenue from the Asia Pacific region and the rest from the Americas, and Europe, Middle East, and Africa (EMEA).
46GF Score

Get the complete analysis for WBO:AMS2

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

€19.50
Price
€8.74
GF Value