Elmos Semiconductor SE (XTER:ELG) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.

XTER:ELG Elmos Semiconductor SE XTER:ELG
90 GF Score
Price €146.00
GF Value €83.99
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Elmos Semiconductor SE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Elmos Semiconductor SE  (XTER:ELG) 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.


Elmos Semiconductor SE Cyclically Adjusted PB Ratio Related Terms


Elmos Semiconductor SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Elmos Semiconductor SE'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.

Elmos Semiconductor SE Cyclically Adjusted PB Ratio Chart

Elmos Semiconductor SE 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 4.36 3.50 4.33 3.54 4.47

Elmos Semiconductor SE 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 4.39 3.88 4.47 6.35 0.00

XTER:ELG vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Elmos Semiconductor SE'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.


Elmos Semiconductor SE Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Elmos Semiconductor SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTER:ELG
90GF Score
Elmos Semiconductor SE XTER:ELG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Elmos Semiconductor SE 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.

Elmos Semiconductor SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Elmos Semiconductor SE'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)
=31.677/131.3638*131.3638
=31.677

Current CPI (Jun. 2026) = 131.3638.

Elmos Semiconductor SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.149 101.017 14.498
201612 11.592 101.217 15.045
201703 11.551 101.417 14.962
201706 11.160 102.117 14.356
201709 11.635 102.717 14.880
201712 12.166 102.617 15.574
201803 12.373 102.917 15.793
201806 12.419 104.017 15.684
201809 12.890 104.718 16.170
201812 13.474 104.217 16.984
201903 13.792 104.217 17.385
201906 13.694 105.718 17.016
201909 17.165 106.018 21.269
201912 17.269 105.818 21.438
202003 17.446 105.718 21.678
202006 15.773 106.618 19.434
202009 16.774 105.818 20.824
202012 17.088 105.518 21.274
202103 17.547 107.518 21.439
202106 17.505 108.486 21.197
202109 16.112 109.435 19.341
202112 17.502 110.384 20.829
202203 18.264 113.968 21.052
202206 18.522 115.760 21.019
202209 19.665 118.818 21.741
202212 21.017 119.345 23.134
202303 22.235 122.402 23.863
202306 22.841 123.140 24.366
202309 24.494 124.195 25.908
202312 26.134 123.773 27.737
202403 27.586 125.038 28.982
202406 28.175 125.882 29.402
202409 29.637 126.198 30.850
202412 32.827 127.041 33.944
202503 33.925 127.779 34.877
202506 34.526 128.412 35.320
202509 35.748 129.255 36.331
202512 37.242 129.361 37.819
202603 38.206 131.258 38.237
202606 31.677 131.364 31.677

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 Elmos Semiconductor SE (XTER:ELG) Overvalued in 2026?

Based on GuruFocus' analysis, Elmos Semiconductor SE stock appears to be overvalued. The current stock price of €146.00 is trading 73.8% above its estimated GF Value™ of €83.99. GuruFocus considers Elmos Semiconductor SE to be Significantly Overvalued.

Key valuation signals for XTER:ELG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €83.99 vs. price of €146.00 (73.8% above fair value)
  • GF Score™: 90/100 with 2 warning signs

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


Elmos Semiconductor SE Business Description

Other Exchanges ELGd:UK0N9K:UKELMO:Austria
Address Werkstattenstrabe 18, Leverkusen, NW, DEU, 51379
Elmos Semiconductor SE is a company engaged in the technology sector. It caters to the semiconductor industry with the supply of integrated, application-specific microelectronic circuits, optical sensors, and voltage supply components. The semiconductor business is the only business segment of the group. The company's products consist of Engine Control ICs, Sensor ICs, Power management ICs, Interface ICs and Special Projects. Geographically the company generates revenue from Germany, Other EU Countries, America, Asia/Pacific, and Other Countries, where the majority is generated from Asia/Pacific.
90GF Score

Get the complete analysis for XTER:ELG

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

€146.00
Price
€83.99
GF Value