Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Axcelis TechnologiesACLS -1.73%95 Price-to-Tangible-Book is 3.56 as of Aug. 21, 2026, which is 33% above its 10-year median of 2.68. GuruFocus rates ACLS with a GF Score™ of 95/100 and a GF Value™ of $90.39 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 977 Semiconductors companies, Axcelis Technologies ranks worse than 52.51% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Axcelis Technologies Price-to-Tangible-Book Related Terms
Axcelis Technologies Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Axcelis Technologies's Price-to-Tangible-Book 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.
ACLS vs UCTT, IPGP, VECO: Price-to-Tangible-Book Comparison
For the Semiconductor Equipment & Materials subindustry, Axcelis Technologies's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Axcelis Technologies Price-to-Tangible-Book vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Axcelis Technologies's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Axcelis Technologies's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Axcelis Technologies (ACLS) has a Price-to-Tangible-Book of 3.56 as of Aug. 21, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Axcelis Technologies and its competitors. This is 33% above median its historical median of 2.68. Over the past decade, Axcelis Technologies' Price-to-Tangible-Book has ranged from 1.20 to 8.09. According to the industry distribution chart, Axcelis Technologies ranks #513 out of 977 companies in the Semiconductors industry, placing it in the top 52.5%.
Is Axcelis Technologies' Price-to-Tangible-Book too high?
Axcelis Technologies' current Price-to-Tangible-Book of 3.56 is 33% above median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 8.09. The Semiconductors industry median Price-to-Tangible-Book is 3.41. Axcelis Technologies' value of 3.56 is 4.4% above this industry median. Based on the distribution chart, Axcelis Technologies ranks #513 out of 977 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Axcelis Technologies has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Axcelis Technologies' Price-to-Tangible-Book compare to UCTT and IPGP?
According to the Semiconductors industry distribution chart, Axcelis Technologies ranks #513 out of 977 companies for Price-to-Tangible-Book. This places Axcelis Technologies in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.41. Axcelis Technologies' value of 3.56 is 4.4% above this benchmark. Historically, Axcelis Technologies' own Price-to-Tangible-Book has ranged from 1.20 to 8.09 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 3.41, Axcelis Technologies 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 Price-to-Tangible-Book for a Semiconductors company?
The median Price-to-Tangible-Book among Semiconductors companies is 3.41, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axcelis Technologies's current Price-to-Tangible-Book of 3.56 is 4.4% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Axcelis Technologies and its competitors. For the Semiconductors industry, the median Price-to-Tangible-Book is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axcelis Technologies's current Price-to-Tangible-Book is 3.56, which is 33% above median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axcelis Technologies stock overvalued right now?
Based on GuruFocus' analysis, Axcelis Technologies (ACLS) is currently considered Significantly Overvalued. The stock's GF Value™ is $90.39, compared to a current price of $122.81 — trading 35.9% above its estimated fair value. The current Price-to-Tangible-Book is 3.56, which is 33% above median its 10-year median of 2.68 and 4.4% above the Semiconductors industry median of 3.41. Axcelis Technologies' overall GF Score™ is 95/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Axcelis Technologies (ACLS), the current Price-to-Tangible-Book is 3.56 as of Aug. 21, 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 Axcelis Technologies (ACLS) Overvalued in 2026?
Based on GuruFocus' analysis, Axcelis Technologies stock appears to be overvalued.
The current stock price of $122.81 is trading 35.9% above its estimated GF Value™ of $90.39.
GuruFocus considers Axcelis Technologies to be Significantly Overvalued.
Key valuation signals for ACLS:
Price-to-Tangible-Book: 3.56 (33% above median its 10-year median of 2.68)
GF Value™: $90.39 vs. price of $122.81 (35.9% above fair value)
Industry Position: 4.4% above the Semiconductors median (#513 of 977)
No single metric tells the full story. See the ACLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axcelis Technologies Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. Geographically, the group has a business presence in North America, Asia Pacific, and Europe, of which key revenue is derived from the Asia Pacific.
95GF Score
Get the complete analysis for ACLS
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ACLS has been successfully added to your 
