WKEY (WISeKey International Holding) Cyclically Adjusted PB Ratio: 1.90 (As of Jul. 08, 2026) — Near Median


WKEY WISeKey International Holding Ltd WKEY
48 GF Score
Price $6.67
GF Value $2.35
Valuation Significantly Overvalued
! 7 Warning Signs
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What is WISeKey International Holding Cyclically Adjusted PB Ratio?

WISeKey International Holding WKEY -1.91% 48 Cyclically Adjusted PB Ratio is 1.90 as of Jul. 08, 2026, which is 8% below its 10-year median of 2.07. GuruFocus rates WKEY with a GF Score™ of 48/100 and a GF Value™ of $2.35 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 736 Semiconductors companies, WISeKey International Holding ranks better than 66.44% on this metric.

As of today (2026-07-08), WISeKey International Holding's current share price is $6.665. WISeKey International Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $3.51. WISeKey International Holding's Cyclically Adjusted PB Ratio for today is 1.90.

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

WKEY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.07   Max: 5.58
Current: 1.88

During the past 11 years, WISeKey International Holding's highest Cyclically Adjusted PB Ratio was 5.58. The lowest was 1.12. And the median was 2.07.

WKEY's Cyclically Adjusted PB Ratio is ranked better than
66.44% of 736 companies
in the Semiconductors industry
Industry Median: 3.675 vs WKEY: 1.88

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.

WISeKey International Holding's adjusted book value per share data of for the fiscal year that ended in Dec25 was $4.081. 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 $3.51 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


WISeKey International Holding  (NAS:WKEY) 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.


WISeKey International Holding Cyclically Adjusted PB Ratio Related Terms


WISeKey International Holding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WISeKey International Holding'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.

WISeKey International Holding Cyclically Adjusted PB Ratio Chart

WISeKey International Holding 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 0.00 0.00 0.00 4.04 2.24

WISeKey International Holding Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.04 0.00 2.24

WKEY vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, WISeKey International Holding'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.


WISeKey International Holding Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


WKEY
48GF Score
WISeKey International Holding Ltd WKEY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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WISeKey International Holding 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.

WISeKey International Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.665/3.51
=1.90

* 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.

WISeKey International Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, WISeKey International Holding's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=4.081/107.2000*107.2000
=4.081

Current CPI (Dec25) = 107.2000.

WISeKey International Holding Annual Data

Book Value per Share CPI Adj_Book
201612 0.791 99.380 0.853
201712 2.296 100.213 2.456
201812 1.138 100.906 1.209
201912 5.111 101.063 5.421
202012 3.310 100.241 3.540
202112 5.575 101.776 5.872
202212 3.650 104.666 3.738
202312 2.240 106.461 2.256
202412 2.551 107.128 2.553
202512 4.081 107.200 4.081

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 1.90 mean?
WISeKey International Holding (WKEY) has a Cyclically Adjusted PB Ratio of 1.90 as of Jul. 08, 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 WISeKey International Holding and its competitors. This is near median its historical median of 2.07. Over the past decade, WISeKey International Holding's Cyclically Adjusted PB Ratio has ranged from 1.12 to 5.58. According to the industry distribution chart, WISeKey International Holding ranks #247 out of 736 companies in the Semiconductors industry, placing it in the top 33.6%.
Is WISeKey International Holding's Cyclically Adjusted PB Ratio too high?
WISeKey International Holding's current Cyclically Adjusted PB Ratio of 1.90 is near median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 5.58. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.68. WISeKey International Holding's value of 1.90 is 48.3% below this industry median. Based on the distribution chart, WISeKey International Holding ranks #247 out of 736 companies in the Semiconductors industry, which is above the industry midpoint. Overall, WISeKey International Holding has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WISeKey International Holding's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, WISeKey International Holding ranks #247 out of 736 companies for Cyclically Adjusted PB Ratio. This puts WISeKey International Holding in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.68. WISeKey International Holding's value of 1.90 is 48.3% below this benchmark. Historically, WISeKey International Holding's own Cyclically Adjusted PB Ratio has ranged from 1.12 to 5.58 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 3.68, WISeKey International Holding 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 3.68, based on 736 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. WISeKey International Holding's current Cyclically Adjusted PB Ratio of 1.90 is 48.3% 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 WISeKey International Holding and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WISeKey International Holding's current Cyclically Adjusted PB Ratio is 1.90, which is near median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WISeKey International Holding stock overvalued right now?
Based on GuruFocus' analysis, WISeKey International Holding (WKEY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.35, compared to a current price of $6.67 — trading 183.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.90, which is near median its 10-year median of 2.07 and 48.3% below the Semiconductors industry median of 3.68. WISeKey International Holding's overall GF Score™ is 48/100 with 7 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 WISeKey International Holding (WKEY), the current Cyclically Adjusted PB Ratio is 1.90 as of Jul. 08, 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 WISeKey International Holding (WKEY) Overvalued in 2026?

Based on GuruFocus' analysis, WISeKey International Holding stock appears to be overvalued. The current stock price of $6.67 is trading 183.6% above its estimated GF Value™ of $2.35. GuruFocus considers WISeKey International Holding to be Significantly Overvalued.

Key valuation signals for WKEY:

  • Cyclically Adjusted PB Ratio: 1.90 (near median its 10-year median of 2.07)
  • GF Value™: $2.35 vs. price of $6.67 (183.6% above fair value)
  • GF Score™: 48/100 with 7 warning signs
  • Industry Position: 48.3% below the Semiconductors median (#247 of 736)

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


WISeKey International Holding Business Description

Address General-Guisan-Strasse 6, Zug, CHE, CH-6300
WISeKey International Holding Ltd at the forefront of authentication and cybersecurity technology. It develops, markets, hosts, and supports a range of solutions that enable the secure digital identification and communication of people, content, and objects, by generating digital identities that enable its clients to monetize their existing user bases and, at the same time, expand their own eco-system securely by ensuring only authenticated objects and people can connect. The WISeKey Group operates through five core verticals: SEALSQ, WISeSat, SEALCOIN, WISeID, & WISe.ART. It has two business segments. Semiconductors & ASICs. The majority of its revenue is generated from the Semiconductors segment.
48GF Score

Get the complete analysis for WKEY

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

$6.67
Price
$2.35
GF Value