Advanced Micro Devices (XSWX:AMD) Cyclically Adjusted PB Ratio: 30.30 (As of Jun. 29, 2026) — 70% Above Median


XSWX:AMD Advanced Micro Devices Inc XSWX:AMD
80 GF Score
Price CHF419.32
GF Value CHF190.40
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Advanced Micro Devices Cyclically Adjusted PB Ratio?

Advanced Micro Devices XSWX:AMD 80 Cyclically Adjusted PB Ratio is 30.30 as of Jun. 29, 2026, which is 70% above its 10-year median of 17.78. GuruFocus rates XSWX:AMD with a GF Score™ of 80/100 and a GF Value™ of CHF190.40 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 737 Semiconductors companies, Advanced Micro Devices ranks worse than 94.57% on this metric.

As of today (2026-06-29), Advanced Micro Devices's current share price is CHF419.32. Advanced Micro Devices's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CHF13.84. Advanced Micro Devices's Cyclically Adjusted PB Ratio for today is 30.30.

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

XSWX:AMD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.2   Med: 17.78   Max: 105.01
Current: 29.66

During the past years, Advanced Micro Devices's highest Cyclically Adjusted PB Ratio was 105.01. The lowest was 2.20. And the median was 17.78.

XSWX:AMD's Cyclically Adjusted PB Ratio is ranked worse than
94.57% of 737 companies
in the Semiconductors industry
Industry Median: 3.56 vs XSWX:AMD: 29.66

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.

Advanced Micro Devices's adjusted book value per share data for the three months ended in Mar. 2026 was CHF31.128. 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 CHF13.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Micro Devices  (XSWX:AMD) 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.


Advanced Micro Devices Cyclically Adjusted PB Ratio Related Terms


Advanced Micro Devices Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Advanced Micro Devices'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.

Advanced Micro Devices Cyclically Adjusted PB Ratio Chart

Advanced Micro Devices 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 90.35 13.06 17.38 9.92 13.17

Advanced Micro Devices 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 7.77 9.94 10.56 13.17 11.57

XSWX:AMD vs INTC, MU, TXN: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Advanced Micro Devices'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.


Advanced Micro Devices Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


XSWX:AMD
80GF Score
Advanced Micro Devices Inc XSWX:AMD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Advanced Micro Devices 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.

Advanced Micro Devices's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=419.32/13.84
=30.30

* 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.

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

For example, Advanced Micro Devices'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)
=31.128/330.2130*330.2130
=31.128

Current CPI (Mar. 2026) = 330.2130.

Advanced Micro Devices Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.504 241.018 -0.691
201609 0.405 241.428 0.554
201612 0.454 241.432 0.621
201703 0.435 243.801 0.589
201706 0.426 244.955 0.574
201709 0.519 246.819 0.694
201712 0.608 246.524 0.814
201803 0.700 249.554 0.926
201806 0.893 251.989 1.170
201809 1.090 252.439 1.426
201812 1.249 251.233 1.642
201903 1.653 254.202 2.147
201906 1.729 256.143 2.229
201909 1.935 256.759 2.489
201912 2.374 256.974 3.051
202003 2.488 258.115 3.183
202006 2.678 257.797 3.430
202009 2.943 260.280 3.734
202012 4.282 260.474 5.428
202103 4.957 264.877 6.180
202106 5.287 271.696 6.426
202109 5.433 274.310 6.540
202112 5.721 278.802 6.776
202203 31.745 287.504 36.461
202206 33.204 296.311 37.003
202209 32.932 296.808 36.638
202212 31.641 296.797 35.203
202303 31.460 301.836 34.418
202306 30.759 305.109 33.290
202309 30.620 307.789 32.851
202312 29.911 306.746 32.199
202403 30.864 312.332 32.631
202406 31.232 314.175 32.826
202409 29.746 315.301 31.153
202412 31.645 315.605 33.110
202503 31.642 319.799 32.672
202506 29.913 322.561 30.623
202509 29.727 324.800 30.222
202512 30.800 324.054 31.385
202603 31.128 330.213 31.128

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 30.30 mean?
Advanced Micro Devices (XSWX:AMD) has a Cyclically Adjusted PB Ratio of 30.30 as of Jun. 29, 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 Advanced Micro Devices and its competitors. This is 70% above median its historical median of 17.78. Over the past decade, Advanced Micro Devices' Cyclically Adjusted PB Ratio has ranged from 2.20 to 105.01. According to the industry distribution chart, Advanced Micro Devices ranks #697 out of 737 companies in the Semiconductors industry, placing it in the top 94.6%.
Is Advanced Micro Devices' Cyclically Adjusted PB Ratio too high?
Advanced Micro Devices' current Cyclically Adjusted PB Ratio of 30.30 is 70% above median its 10-year median of 17.78. Over the past 10 years, this metric has ranged from a low of 2.20 to a high of 105.01. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.56. Advanced Micro Devices' value of 30.30 is 751.1% above this industry median. Based on the distribution chart, Advanced Micro Devices ranks #697 out of 737 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Advanced Micro Devices has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Micro Devices' Cyclically Adjusted PB Ratio compare to INTC and MU?
According to the Semiconductors industry distribution chart, Advanced Micro Devices ranks #697 out of 737 companies for Cyclically Adjusted PB Ratio. This places Advanced Micro Devices in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.56. Advanced Micro Devices' value of 30.30 is 751.1% above this benchmark. Historically, Advanced Micro Devices' own Cyclically Adjusted PB Ratio has ranged from 2.20 to 105.01 over the past decade. While the company's 10-year median is 17.78 vs. the industry median of 3.56, Advanced Micro Devices 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 a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.56, based on 737 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. Advanced Micro Devices's current Cyclically Adjusted PB Ratio of 30.30 is 751.1% 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 Advanced Micro Devices and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Micro Devices's current Cyclically Adjusted PB Ratio is 30.30, which is 70% above median its own 10-year median of 17.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Micro Devices stock overvalued right now?
Based on GuruFocus' analysis, Advanced Micro Devices (XSWX:AMD) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF190.40, compared to a current price of CHF419.32 — trading 120.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 30.30, which is 70% above median its 10-year median of 17.78 and 751.1% above the Semiconductors industry median of 3.56. Advanced Micro Devices' overall GF Score™ is 80/100 with 9 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 Advanced Micro Devices (XSWX:AMD), the current Cyclically Adjusted PB Ratio is 30.30 as of Jun. 29, 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 Advanced Micro Devices (XSWX:AMD) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Micro Devices stock appears to be overvalued. The current stock price of CHF419.32 is trading 120.2% above its estimated GF Value™ of CHF190.40. GuruFocus considers Advanced Micro Devices to be Significantly Overvalued.

Key valuation signals for XSWX:AMD:

  • Cyclically Adjusted PB Ratio: 30.30 (70% above median its 10-year median of 17.78)
  • GF Value™: CHF190.40 vs. price of CHF419.32 (120.2% above fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 751.1% above the Semiconductors median (#697 of 737)

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


Advanced Micro Devices Business Description

Address 2485 Augustine Drive, Santa Clara, CA, USA, 95054
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
80GF Score

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

CHF419.32
Price
CHF190.40
GF Value