AnGes (AMGXF) Cyclically Adjusted PB Ratio: 0.46 (As of Jul. 16, 2026) — 83% Below Median

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AMGXF AnGes Inc AMGXF
55 GF Score
Price $0.36
GF Value $0.68
! 6 Warning Signs
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What is AnGes Cyclically Adjusted PB Ratio?

AnGes AMGXF 55 Cyclically Adjusted PB Ratio is 0.46 as of Jul. 16, 2026, which is 83% below its 10-year median of 2.63. GuruFocus rates AMGXF with a GF Score™ of 55/100 and a GF Value™ of $0.68. The stock has 6 warning signs investors should review. Among 697 Biotechnology companies, AnGes ranks better than 77.76% on this metric.

As of today (2026-07-16), AnGes's current share price is $0.3602. AnGes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $0.78. AnGes's Cyclically Adjusted PB Ratio for today is 0.46.

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

AMGXF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 2.63   Max: 22.73
Current: 0.39

During the past years, AnGes's highest Cyclically Adjusted PB Ratio was 22.73. The lowest was 0.31. And the median was 2.63.

AMGXF's Cyclically Adjusted PB Ratio is ranked better than
77.76% of 697 companies
in the Biotechnology industry
Industry Median: 1.62 vs AMGXF: 0.39

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.

AnGes's adjusted book value per share data for the three months ended in Dec. 2025 was $0.051. 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 $0.78 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


AnGes  (OTCPK:AMGXF) 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.


AnGes Cyclically Adjusted PB Ratio Related Terms


AnGes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AnGes'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.

AnGes Cyclically Adjusted PB Ratio Chart

AnGes 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 3.35 0.92 0.52 0.38 0.46

AnGes 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 0.49 0.47 0.62 0.46 0.00

AMGXF vs VRTX, REGN, ALNY: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, AnGes'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.


AnGes Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, AnGes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AMGXF
55GF Score
AnGes Inc AMGXF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AnGes 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.

AnGes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.3602/0.78
=0.46

* 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.

AnGes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, AnGes's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.051/113.0000*113.0000
=0.051

Current CPI (Dec. 2025) = 113.0000.

AnGes Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.468 97.900 0.540
201606 0.700 98.100 0.806
201609 0.684 98.000 0.789
201612 0.472 98.400 0.542
201703 0.400 98.100 0.461
201706 0.514 98.500 0.590
201709 0.427 98.800 0.488
201712 0.402 99.400 0.457
201803 0.443 99.200 0.505
201806 0.498 99.200 0.567
201809 0.565 99.900 0.639
201812 0.704 99.700 0.798
201903 1.021 99.700 1.157
201906 1.184 99.800 1.341
201909 1.129 100.100 1.274
201912 1.033 100.500 1.161
202003 1.180 100.300 1.329
202006 1.637 99.900 1.852
202009 1.567 99.900 1.772
202012 2.366 99.300 2.692
202103 2.405 99.900 2.720
202106 2.614 99.500 2.969
202109 2.361 100.100 2.665
202112 2.217 100.100 2.503
202203 2.031 101.100 2.270
202206 1.683 101.800 1.868
202209 1.497 103.100 1.641
202212 1.263 104.100 1.371
202303 1.152 104.400 1.247
202306 1.054 105.200 1.132
202309 1.008 106.200 1.073
202312 0.913 106.800 0.966
202403 0.831 107.200 0.876
202406 0.680 108.200 0.710
202409 0.647 108.900 0.671
202412 0.049 110.700 0.050
202503 0.065 111.100 0.066
202506 0.066 111.700 0.067
202509 0.073 112.000 0.074
202512 0.051 113.000 0.051

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 0.46 mean?
AnGes (AMGXF) has a Cyclically Adjusted PB Ratio of 0.46 as of Jul. 16, 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 AnGes and its competitors. This is 83% below median its historical median of 2.63. Over the past decade, AnGes' Cyclically Adjusted PB Ratio has ranged from 0.31 to 22.73. According to the industry distribution chart, AnGes ranks #155 out of 697 companies in the Biotechnology industry, placing it in the top 22.2%.
Is AnGes' Cyclically Adjusted PB Ratio too high?
AnGes' current Cyclically Adjusted PB Ratio of 0.46 is 83% below median its 10-year median of 2.63. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 22.73. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. AnGes' value of 0.46 is 71.6% below this industry median. Based on the distribution chart, AnGes ranks #155 out of 697 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, AnGes has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does AnGes' Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, AnGes ranks #155 out of 697 companies for Cyclically Adjusted PB Ratio. This places AnGes in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.62. AnGes' value of 0.46 is 71.6% below this benchmark. Historically, AnGes' own Cyclically Adjusted PB Ratio has ranged from 0.31 to 22.73 over the past decade. While the company's 10-year median is 2.63 vs. the industry median of 1.62, AnGes 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.62, based on 697 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. AnGes's current Cyclically Adjusted PB Ratio of 0.46 is 71.6% 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 AnGes and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AnGes's current Cyclically Adjusted PB Ratio is 0.46, which is 83% below median its own 10-year median of 2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AnGes stock overvalued right now?
AnGes (AMGXF) has a current Cyclically Adjusted PB Ratio of 0.46. The stock's GF Value™ is $0.68, compared to a current price of $0.36 — trading 47% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 83% below median its 10-year median of 2.63 and 71.6% below the Biotechnology industry median of 1.62. AnGes' overall GF Score™ is 55/100 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 AnGes (AMGXF), the current Cyclically Adjusted PB Ratio is 0.46 as of Jul. 16, 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 AnGes (AMGXF) Overvalued in 2026?

Based on GuruFocus' analysis, AnGes stock appears to be undervalued. The current stock price of $0.36 is trading 47% below its estimated GF Value™ of $0.68.

Key valuation signals for AMGXF:

  • Cyclically Adjusted PB Ratio: 0.46 (83% below median its 10-year median of 2.63)
  • GF Value™: $0.68 vs. price of $0.36 (47% below fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 71.6% below the Biotechnology median (#155 of 697)

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


AnGes Business Description

Other Exchanges 4563:JapanAJW:Germany
Address 7-7-15, Saito-asagi, 4F, Saito Bio-Incubator, Ibaraki, Osaka, JPN, 567-0085
AnGes Inc is a biopharmaceutical company. The company is involved in research and development and sales of pharmaceuticals such as gene-based drugs (gene therapy products, nucleic acid drugs); contract testing for rare genetic diseases, etc.
55GF Score

Get the complete analysis for AMGXF

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

$0.36
Price
$0.68
GF Value