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Photon Energy NVXPRA:PEN 48 Cyclically Adjusted PB Ratio is 0.31 as of Jul. 30, 2026, which is 86% below its 10-year median of 2.24. GuruFocus rates XPRA:PEN with a GF Score™ of 48/100 and a GF Value™ of Kč35.21 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 733 Semiconductors companies, Photon Energy NV ranks better than 94.82% on this metric.
The historical rank and industry rank for Photon Energy NV's Cyclically Adjusted PB Ratio or its related term are showing as below:
XPRA:PEN'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 2.24 Max: 5.57
Current: 0.29
During the past years, Photon Energy NV's highest Cyclically Adjusted PB Ratio was 5.57. The lowest was 0.27. And the median was 2.24.
XPRA:PEN's Cyclically Adjusted PB Ratio is ranked better than 94.82% of 733
companies
in the Semiconductors industry
Industry Median: 3.11
vs XPRA:PEN: 0.29
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.
Photon Energy NV's adjusted book value per share data for the three months ended in Mar. 2026 was Kč20.826. 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 Kč20.92 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Photon Energy NV (XPRA:PEN) 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.
Photon Energy NV Cyclically Adjusted PB Ratio Related Terms
Photon Energy NV Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Photon Energy NV'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.
Photon Energy NV Cyclically Adjusted PB Ratio Chart
XPRA:PEN vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison
For the Solar subindustry, Photon Energy NV'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.
Photon Energy NV Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Photon Energy NV's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Photon Energy NV's Cyclically Adjusted PB Ratio falls into.
Photon Energy NV 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.
Photon Energy NV's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.31 mean?
Photon Energy NV (XPRA:PEN) has a Cyclically Adjusted PB Ratio of 0.31 as of Jul. 30, 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 Photon Energy NV and its competitors. This is 86% below median its historical median of 2.24. Over the past decade, Photon Energy NV's Cyclically Adjusted PB Ratio has ranged from 0.27 to 5.57. According to the industry distribution chart, Photon Energy NV ranks #38 out of 733 companies in the Semiconductors industry, placing it in the top 5.2%.
Is Photon Energy NV's Cyclically Adjusted PB Ratio too high?
Photon Energy NV's current Cyclically Adjusted PB Ratio of 0.31 is 86% below median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 5.57. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.11. Photon Energy NV's value of 0.31 is 90% below this industry median. Based on the distribution chart, Photon Energy NV ranks #38 out of 733 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photon Energy NV has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Photon Energy NV's Cyclically Adjusted PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Photon Energy NV ranks #38 out of 733 companies for Cyclically Adjusted PB Ratio. This places Photon Energy NV in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.11. Photon Energy NV's value of 0.31 is 90% below this benchmark. Historically, Photon Energy NV's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 5.57 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 3.11, Photon Energy NV 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 3.11, based on 733 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. Photon Energy NV's current Cyclically Adjusted PB Ratio of 0.31 is 90% 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 Photon Energy NV and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photon Energy NV's current Cyclically Adjusted PB Ratio is 0.31, which is 86% below median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photon Energy NV stock overvalued right now?
Based on GuruFocus' analysis, Photon Energy NV (XPRA:PEN) is currently considered Possible Value Trap. The stock's GF Value™ is Kč35.21, compared to a current price of Kč6.50 — trading 81.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is 86% below median its 10-year median of 2.24 and 90% below the Semiconductors industry median of 3.11. Photon Energy NV's overall GF Score™ is 48/100 with 6 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 Photon Energy NV (XPRA:PEN), the current Cyclically Adjusted PB Ratio is 0.31 as of Jul. 30, 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 Photon Energy NV (XPRA:PEN) Overvalued in 2026?
Based on GuruFocus' analysis, Photon Energy NV stock appears to be undervalued.
The current stock price of Kč6.50 is trading 81.5% below its estimated GF Value™ of Kč35.21.
GuruFocus considers Photon Energy NV to be Possible Value Trap.
Key valuation signals for XPRA:PEN:
Cyclically Adjusted PB Ratio: 0.31 (86% below median its 10-year median of 2.24)
GF Value™: Kč35.21 vs. price of Kč6.50 (81.5% below fair value)
Industry Position: 90% below the Semiconductors median (#38 of 733)
No single metric tells the full story. See the XPRA:PEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Photon Energy NV is an investment holding company. It engages in the provision of solar power solutions and services. The company covers the entire life cycle of solar power systems. It operates through the following business segments: Engineering, Technology, Investment, Operations and Maintenance, New Energy, and Others. It generates the majority of its revenue from the New Energy segment. It has operations in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, and Germany. The firm generates the majority of revenue from the Czech Republic.
48GF Score
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