APNHF (Aspen Pharmacare Holdings) Cyclically Adjusted PB Ratio: 0.83 (As of Aug. 02, 2026) — 43% Below Median

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APNHF Aspen Pharmacare Holdings Ltd APNHF
62 GF Score
Price $8.70
GF Value $9.49
Valuation Fairly Valued
! 10 Warning Signs
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What is Aspen Pharmacare Holdings Cyclically Adjusted PB Ratio?

Aspen Pharmacare Holdings APNHF -1.18% 62 Cyclically Adjusted PB Ratio is 0.83 as of Aug. 02, 2026, which is 43% below its 10-year median of 1.45. GuruFocus rates APNHF with a GF Score™ of 62/100 and a GF Value™ of $9.49 (Fairly Valued). The stock has 10 warning signs investors should review. Among 746 Drug Manufacturers companies, Aspen Pharmacare Holdings ranks better than 76.14% on this metric.

As of today (2026-08-02), Aspen Pharmacare Holdings's current share price is $8.6964. Aspen Pharmacare Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was $10.51. Aspen Pharmacare Holdings's Cyclically Adjusted PB Ratio for today is 0.83.

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

APNHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.45   Max: 8.14
Current: 0.84

During the past 13 years, Aspen Pharmacare Holdings's highest Cyclically Adjusted PB Ratio was 8.14. The lowest was 0.53. And the median was 1.45.

APNHF's Cyclically Adjusted PB Ratio is ranked better than
76.14% of 746 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs APNHF: 0.84

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.

Aspen Pharmacare Holdings's adjusted book value per share data of for the fiscal year that ended in Jun25 was $10.729. 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 $10.51 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aspen Pharmacare Holdings  (OTCPK:APNHF) 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.


Aspen Pharmacare Holdings Cyclically Adjusted PB Ratio Related Terms


Aspen Pharmacare Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aspen Pharmacare Holdings'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.

Aspen Pharmacare Holdings Cyclically Adjusted PB Ratio Chart

Aspen Pharmacare Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 1.09 1.26 1.45 0.69

Aspen Pharmacare Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 1.45 0.00 0.69 0.00

APNHF vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Aspen Pharmacare Holdings'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.


Aspen Pharmacare Holdings Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Aspen Pharmacare Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


APNHF
62GF Score
Aspen Pharmacare Holdings Ltd APNHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aspen Pharmacare Holdings 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.

Aspen Pharmacare Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.6964/10.51
=0.83

* 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.

Aspen Pharmacare Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Aspen Pharmacare Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=10.729/160.9852*160.9852
=10.729

Current CPI (Jun25) = 160.9852.

Aspen Pharmacare Holdings Annual Data

Book Value per Share CPI Adj_Book
201606 6.195 106.713 9.346
201706 7.206 112.054 10.353
201806 8.129 116.959 11.189
201906 8.155 122.191 10.744
202006 8.868 124.807 11.439
202106 10.363 131.113 12.724
202206 10.082 140.835 11.525
202306 10.356 148.802 11.204
202406 10.366 156.269 10.679
202506 10.729 160.985 10.729

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 0.83 mean?
Aspen Pharmacare Holdings (APNHF) has a Cyclically Adjusted PB Ratio of 0.83 as of Aug. 02, 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 Aspen Pharmacare Holdings and its competitors. This is 43% below median its historical median of 1.45. Over the past decade, Aspen Pharmacare Holdings' Cyclically Adjusted PB Ratio has ranged from 0.53 to 8.14. According to the industry distribution chart, Aspen Pharmacare Holdings ranks #178 out of 746 companies in the Drug Manufacturers industry, placing it in the top 23.9%.
Is Aspen Pharmacare Holdings' Cyclically Adjusted PB Ratio too high?
Aspen Pharmacare Holdings' current Cyclically Adjusted PB Ratio of 0.83 is 43% below median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 8.14. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Aspen Pharmacare Holdings' value of 0.83 is 53.6% below this industry median. Based on the distribution chart, Aspen Pharmacare Holdings ranks #178 out of 746 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Aspen Pharmacare Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aspen Pharmacare Holdings' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Aspen Pharmacare Holdings ranks #178 out of 746 companies for Cyclically Adjusted PB Ratio. This places Aspen Pharmacare Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.79. Aspen Pharmacare Holdings' value of 0.83 is 53.6% below this benchmark. Historically, Aspen Pharmacare Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.53 to 8.14 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.79, Aspen Pharmacare Holdings 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 746 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. Aspen Pharmacare Holdings's current Cyclically Adjusted PB Ratio of 0.83 is 53.6% 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 Aspen Pharmacare Holdings and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Pharmacare Holdings's current Cyclically Adjusted PB Ratio is 0.83, which is 43% below median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Pharmacare Holdings stock overvalued right now?
Based on GuruFocus' analysis, Aspen Pharmacare Holdings (APNHF) is currently considered Fairly Valued. The stock's GF Value™ is $9.49, compared to a current price of $8.70 — trading 8.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.83, which is 43% below median its 10-year median of 1.45 and 53.6% below the Drug Manufacturers industry median of 1.79. Aspen Pharmacare Holdings' overall GF Score™ is 62/100 with 10 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 Aspen Pharmacare Holdings (APNHF), the current Cyclically Adjusted PB Ratio is 0.83 as of Aug. 02, 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 Aspen Pharmacare Holdings (APNHF) Overvalued in 2026?

Based on GuruFocus' analysis, Aspen Pharmacare Holdings stock appears to be undervalued. The current stock price of $8.70 is trading 8.4% below its estimated GF Value™ of $9.49. GuruFocus considers Aspen Pharmacare Holdings to be Fairly Valued.

Key valuation signals for APNHF:

  • Cyclically Adjusted PB Ratio: 0.83 (43% below median its 10-year median of 1.45)
  • GF Value™: $9.49 vs. price of $8.70 (8.4% below fair value)
  • GF Score™: 62/100 with 10 warning signs
  • Industry Position: 53.6% below the Drug Manufacturers median (#178 of 746)

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


Aspen Pharmacare Holdings Business Description

Address Douglas Saunders Drive, Aspen Place, 9 Rydall Vale Park, La Lucia Ridge, Durban, NL, ZAF
Aspen Pharmacare Holdings Ltd is a multinational pharmaceutical company. The group focuses on marketing and manufacturing a broad range of post-patent, branded medicines and domestic brands covering both hospital and consumer markets. The business segments of the group are split between the Commercial Pharmaceuticals and Manufacturing segments. The Commercial Pharmaceuticals business segments are: Injectables, Over-the-counter, and Prescription. The Manufacturing business segments are: Active Pharmaceutical Ingredients, Finished Dose Form, and Heparin. Its geographic regions are Africa Middle East, Europe CIS, Australasia, Asia, and America.
62GF Score

Get the complete analysis for APNHF

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

$8.70
Price
$9.49
GF Value