Axsome TherapeuticsAXSM -1.64%52 Cyclically Adjusted PB Ratio is 107.28 as of Jul. 06, 2026, which is 120% above its 10-year median of 48.79. GuruFocus rates AXSM with a GF Score™ of 52/100 and a GF Value™ of $222.97 (Fairly Valued). The stock has 4 warning signs investors should review. Among 699 Biotechnology companies, Axsome Therapeutics ranks worse than 99.14% on this metric.
The historical rank and industry rank for Axsome Therapeutics's Cyclically Adjusted PB Ratio or its related term are showing as below:
AXSM'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 32.96 Med: 48.79 Max: 113.92
Current: 109.09
During the past years, Axsome Therapeutics's highest Cyclically Adjusted PB Ratio was 113.92. The lowest was 32.96. And the median was 48.79.
AXSM's Cyclically Adjusted PB Ratio is ranked worse than 99.14% of 699
companies
in the Biotechnology industry
Industry Median: 1.65
vs AXSM: 109.09
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.
Axsome Therapeutics's adjusted book value per share data for the three months ended in Mar. 2026 was $1.062. 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 $2.24 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Axsome Therapeutics (NAS:AXSM) 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.
Axsome Therapeutics Cyclically Adjusted PB Ratio Related Terms
Axsome Therapeutics Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Axsome Therapeutics'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.
Axsome Therapeutics Cyclically Adjusted PB Ratio Chart
AXSM vs MDGL, IONS, BMRN: Cyclically Adjusted PB Ratio Comparison
For the Biotechnology subindustry, Axsome Therapeutics'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.
Axsome Therapeutics Cyclically Adjusted PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Axsome Therapeutics's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Axsome Therapeutics's Cyclically Adjusted PB Ratio falls into.
Axsome Therapeutics 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.
Axsome Therapeutics's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 107.28 mean?
Axsome Therapeutics (AXSM) has a Cyclically Adjusted PB Ratio of 107.28 as of Jul. 06, 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 Axsome Therapeutics and its competitors. This is 120% above median its historical median of 48.79. Over the past decade, Axsome Therapeutics' Cyclically Adjusted PB Ratio has ranged from 32.96 to 113.92. According to the industry distribution chart, Axsome Therapeutics ranks #693 out of 699 companies in the Biotechnology industry, placing it in the top 99.1%.
Is Axsome Therapeutics' Cyclically Adjusted PB Ratio too high?
Axsome Therapeutics' current Cyclically Adjusted PB Ratio of 107.28 is 120% above median its 10-year median of 48.79. Over the past 10 years, this metric has ranged from a low of 32.96 to a high of 113.92. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.65. Axsome Therapeutics' value of 107.28 is 6401.8% above this industry median. Based on the distribution chart, Axsome Therapeutics ranks #693 out of 699 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Axsome Therapeutics has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axsome Therapeutics' Cyclically Adjusted PB Ratio compare to MDGL and IONS?
According to the Biotechnology industry distribution chart, Axsome Therapeutics ranks #693 out of 699 companies for Cyclically Adjusted PB Ratio. This places Axsome Therapeutics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. Axsome Therapeutics' value of 107.28 is 6401.8% above this benchmark. Historically, Axsome Therapeutics' own Cyclically Adjusted PB Ratio has ranged from 32.96 to 113.92 over the past decade. While the company's 10-year median is 48.79 vs. the industry median of 1.65, Axsome Therapeutics 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.65, based on 699 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. Axsome Therapeutics's current Cyclically Adjusted PB Ratio of 107.28 is 6401.8% 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 Axsome Therapeutics and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axsome Therapeutics's current Cyclically Adjusted PB Ratio is 107.28, which is 120% above median its own 10-year median of 48.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axsome Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Axsome Therapeutics (AXSM) is currently considered Fairly Valued. The stock's GF Value™ is $222.97, compared to a current price of $240.30 — trading 7.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 107.28, which is 120% above median its 10-year median of 48.79 and 6401.8% above the Biotechnology industry median of 1.65. Axsome Therapeutics' overall GF Score™ is 52/100 with 4 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 Axsome Therapeutics (AXSM), the current Cyclically Adjusted PB Ratio is 107.28 as of Jul. 06, 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 Axsome Therapeutics (AXSM) Overvalued in 2026?
Based on GuruFocus' analysis, Axsome Therapeutics stock appears to be overvalued.
The current stock price of $240.30 is trading 7.8% above its estimated GF Value™ of $222.97.
GuruFocus considers Axsome Therapeutics to be Fairly Valued.
Key valuation signals for AXSM:
Cyclically Adjusted PB Ratio: 107.28 (120% above median its 10-year median of 48.79)
GF Value™: $222.97 vs. price of $240.30 (7.8% above fair value)
Industry Position: 6401.8% above the Biotechnology median (#693 of 699)
No single metric tells the full story. See the AXSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axsome Therapeutics Inc is a clinical-stage biopharmaceutical company. It is engaged in developing novel therapies for the management of the central nervous system, or CNS, disorders for which there are limited treatment options. Its pipeline products include AXS-05, AXS-07, AXS-12, and AXS-14. It manages its business as one operating segment and reporting unit, which is the business of developing and delivering novel therapies for the management of CNS disorders.
52GF Score
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