AORT (Artivion) Cyclically Adjusted PB Ratio: 2.84 (As of Jul. 20, 2026) — 22% Below Median

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AORT Artivion Inc AORT
81 GF Score
Price $25.06
GF Value $28.45
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Artivion Cyclically Adjusted PB Ratio?

Artivion AORT -2.60% 81 Cyclically Adjusted PB Ratio is 2.84 as of Jul. 20, 2026, which is 22% below its 10-year median of 3.62. GuruFocus rates AORT with a GF Score™ of 81/100 and a GF Value™ of $28.45 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 522 Medical Devices & Instruments companies, Artivion ranks worse than 65.13% on this metric.

As of today (2026-07-20), Artivion's current share price is $25.06. Artivion's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $8.82. Artivion's Cyclically Adjusted PB Ratio for today is 2.84.

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

AORT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 3.62   Max: 6.48
Current: 2.84

During the past years, Artivion's highest Cyclically Adjusted PB Ratio was 6.48. The lowest was 1.30. And the median was 3.62.

AORT's Cyclically Adjusted PB Ratio is ranked worse than
65.13% of 522 companies
in the Medical Devices & Instruments industry
Industry Median: 1.775 vs AORT: 2.84

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.

Artivion's adjusted book value per share data for the three months ended in Mar. 2026 was $9.289. 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 $8.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artivion  (NYSE:AORT) 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.


Artivion Cyclically Adjusted PB Ratio Related Terms


Artivion Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Artivion'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.

Artivion Cyclically Adjusted PB Ratio Chart

Artivion 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 2.84 1.57 2.23 3.46 5.29

Artivion 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 2.94 3.66 4.92 5.29 4.15

AORT vs LMRI, AVNS, TNDM: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Artivion'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.


Artivion Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Artivion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AORT
81GF Score
Artivion Inc AORT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Artivion 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.06/8.82
=2.84

* 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.

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

For example, Artivion'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)
=9.289/330.2130*330.2130
=9.289

Current CPI (Mar. 2026) = 330.2130.

Artivion Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.058 241.018 8.300
201609 6.215 241.428 8.501
201612 6.357 241.432 8.695
201703 6.417 243.801 8.691
201706 6.559 244.955 8.842
201709 6.676 246.819 8.932
201712 7.647 246.524 10.243
201803 7.671 249.554 10.150
201806 7.393 251.989 9.688
201809 7.489 252.439 9.796
201812 7.438 251.233 9.776
201903 7.314 254.202 9.501
201906 7.532 256.143 9.710
201909 7.399 256.759 9.516
201912 7.612 256.974 9.781
202003 7.330 258.115 9.377
202006 7.845 257.797 10.049
202009 8.384 260.280 10.637
202012 8.449 260.474 10.711
202103 7.605 264.877 9.481
202106 7.689 271.696 9.345
202109 7.921 274.310 9.535
202112 7.535 278.802 8.924
202203 7.400 287.504 8.499
202206 6.993 296.311 7.793
202209 6.326 296.808 7.038
202212 7.048 296.797 7.842
202303 6.847 301.836 7.491
202306 6.898 305.109 7.466
202309 6.625 307.789 7.108
202312 6.859 306.746 7.384
202403 7.068 312.332 7.473
202406 7.060 314.175 7.420
202409 7.272 315.301 7.616
202412 6.585 315.605 6.890
202503 6.891 319.799 7.115
202506 8.914 322.561 9.125
202509 9.260 324.800 9.414
202512 9.369 324.054 9.547
202603 9.289 330.213 9.289

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 2.84 mean?
Artivion (AORT) has a Cyclically Adjusted PB Ratio of 2.84 as of Jul. 20, 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 Artivion and its competitors. This is 22% below median its historical median of 3.62. Over the past decade, Artivion's Cyclically Adjusted PB Ratio has ranged from 1.30 to 6.48. According to the industry distribution chart, Artivion ranks #340 out of 522 companies in the Medical Devices & Instruments industry, placing it in the top 65.1%.
Is Artivion's Cyclically Adjusted PB Ratio too high?
Artivion's current Cyclically Adjusted PB Ratio of 2.84 is 22% below median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 6.48. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.78. Artivion's value of 2.84 is 60% above this industry median. Based on the distribution chart, Artivion ranks #340 out of 522 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Artivion has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artivion's Cyclically Adjusted PB Ratio compare to LMRI and AVNS?
According to the Medical Devices & Instruments industry distribution chart, Artivion ranks #340 out of 522 companies for Cyclically Adjusted PB Ratio. This places Artivion in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Artivion's value of 2.84 is 60% above this benchmark. Historically, Artivion's own Cyclically Adjusted PB Ratio has ranged from 1.30 to 6.48 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 1.78, Artivion 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.78, based on 522 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. Artivion's current Cyclically Adjusted PB Ratio of 2.84 is 60% 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 Artivion and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artivion's current Cyclically Adjusted PB Ratio is 2.84, which is 22% below median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artivion stock overvalued right now?
Based on GuruFocus' analysis, Artivion (AORT) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.45, compared to a current price of $25.06 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.84, which is 22% below median its 10-year median of 3.62 and 60% above the Medical Devices & Instruments industry median of 1.78. Artivion's overall GF Score™ is 81/100 with 5 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 Artivion (AORT), the current Cyclically Adjusted PB Ratio is 2.84 as of Jul. 20, 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 Artivion (AORT) Overvalued in 2026?

Based on GuruFocus' analysis, Artivion stock appears to be undervalued. The current stock price of $25.06 is trading 11.9% below its estimated GF Value™ of $28.45. GuruFocus considers Artivion to be Modestly Undervalued.

Key valuation signals for AORT:

  • Cyclically Adjusted PB Ratio: 2.84 (22% below median its 10-year median of 3.62)
  • GF Value™: $28.45 vs. price of $25.06 (11.9% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 60% above the Medical Devices & Instruments median (#340 of 522)

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


Artivion Business Description

Other Exchanges CYL:Germany
Address 1655 Roberts Boulevard North West, Kennesaw, GA, USA, 30144
Artivion Inc offers cardiac and vascular surgeons a suite of aortic-centric solutions. The company's products include Aortic Heart Valve, Mitral Heart Valve, Aortic Allograft, Pulmonary Human Heart Valve, Pulmonary Patch, and Surgical Adhesive among others. The company's has two reportable segments: Medical Devices and Preservation Services. The Medical Devices segment includes revenues from sales of aortic stent grafts, surgical sealants, On-X products, and other product revenues. The Preservation Services segment includes services revenues from the preservation of cardiac and vascular implantable human tissues. Company operates in North America, EMEA. LATAM, APAC. Maximum revenue is from North America.
81GF 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.

$25.06
Price
$28.45
GF Value