Teva Pharmaceutical Industries (BSP:T1EV34) Cyclically Adjusted PB Ratio: 2.43 (As of Aug. 16, 2026) — 242% Above Median

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BSP:T1EV34 Teva Pharmaceutical Industries Ltd BSP:T1EV34
39 GF Score
Price R$90.90
GF Value R$54.83
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Teva Pharmaceutical Industries Cyclically Adjusted PB Ratio?

Teva Pharmaceutical Industries BSP:T1EV34 39 Cyclically Adjusted PB Ratio is 2.43 as of Aug. 16, 2026, which is 242% above its 10-year median of 0.71. GuruFocus rates BSP:T1EV34 with a GF Score™ of 39/100 and a GF Value™ of R$54.83 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 708 Drug Manufacturers companies, Teva Pharmaceutical Industries ranks worse than 63.14% on this metric.

As of today (2026-08-16), Teva Pharmaceutical Industries's current share price is R$90.90. Teva Pharmaceutical Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$37.37. Teva Pharmaceutical Industries's Cyclically Adjusted PB Ratio for today is 2.43.

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

BSP:T1EV34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.71   Max: 2.76
Current: 2.5

During the past years, Teva Pharmaceutical Industries's highest Cyclically Adjusted PB Ratio was 2.76. The lowest was 0.28. And the median was 0.71.

BSP:T1EV34's Cyclically Adjusted PB Ratio is ranked worse than
63.14% of 708 companies
in the Drug Manufacturers industry
Industry Median: 1.765 vs BSP:T1EV34: 2.50

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.

Teva Pharmaceutical Industries's adjusted book value per share data for the three months ended in Jun. 2026 was R$17.059. 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 R$37.37 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teva Pharmaceutical Industries  (BSP:T1EV34) 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.


Teva Pharmaceutical Industries Cyclically Adjusted PB Ratio Related Terms


Teva Pharmaceutical Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Teva Pharmaceutical Industries'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.

Teva Pharmaceutical Industries Cyclically Adjusted PB Ratio Chart

Teva Pharmaceutical Industries 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 0.38 0.49 0.62 1.50 2.18

Teva Pharmaceutical Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.12 1.32 2.18 2.07 2.30

BSP:T1EV34 vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Teva Pharmaceutical Industries'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.


Teva Pharmaceutical Industries Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Teva Pharmaceutical Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:T1EV34
39GF Score
Teva Pharmaceutical Industries Ltd BSP:T1EV34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teva Pharmaceutical Industries 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.

Teva Pharmaceutical Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=90.90/37.37
=2.43

* 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.

Teva Pharmaceutical Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Teva Pharmaceutical Industries's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.059/333.9520*333.9520
=17.059

Current CPI (Jun. 2026) = 333.9520.

Teva Pharmaceutical Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 50.495 241.428 69.847
201612 49.099 241.432 67.914
201703 46.794 243.801 64.097
201706 39.529 244.955 53.891
201709 38.618 246.819 52.251
201712 22.242 246.524 30.130
201803 24.037 249.554 32.166
201806 26.260 251.989 34.801
201809 28.033 252.439 37.085
201812 26.213 251.233 34.844
201903 25.917 254.202 34.048
201906 24.934 256.143 32.508
201909 26.009 256.759 33.828
201912 26.254 256.974 34.119
202003 30.175 258.115 39.041
202006 32.794 257.797 42.482
202009 23.633 260.280 30.322
202012 23.520 260.474 30.155
202103 25.560 264.877 32.226
202106 23.536 271.696 28.929
202109 25.048 274.310 30.494
202112 26.339 278.802 31.549
202203 20.939 287.504 24.322
202206 20.537 296.311 23.146
202209 20.695 296.808 23.285
202212 18.424 296.797 20.730
202303 18.270 301.836 20.214
202306 15.272 305.109 16.716
202309 15.264 307.789 16.561
202312 16.403 306.746 17.858
202403 15.999 312.332 17.106
202406 15.116 314.175 16.068
202409 14.821 315.301 15.698
202412 14.456 315.605 15.296
202503 15.719 319.799 16.415
202506 16.502 322.561 17.085
202509 16.945 324.800 17.422
202512 18.766 324.054 19.339
202603 18.477 330.213 18.686
202606 17.059 333.952 17.059

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 2.43 mean?
Teva Pharmaceutical Industries (BSP:T1EV34) has a Cyclically Adjusted PB Ratio of 2.43 as of Aug. 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 Teva Pharmaceutical Industries and its competitors. This is 242% above median its historical median of 0.71. Over the past decade, Teva Pharmaceutical Industries' Cyclically Adjusted PB Ratio has ranged from 0.28 to 2.76. According to the industry distribution chart, Teva Pharmaceutical Industries ranks #447 out of 708 companies in the Drug Manufacturers industry, placing it in the top 63.1%.
Is Teva Pharmaceutical Industries' Cyclically Adjusted PB Ratio too high?
Teva Pharmaceutical Industries' current Cyclically Adjusted PB Ratio of 2.43 is 242% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 2.76. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.77. Teva Pharmaceutical Industries' value of 2.43 is 37.7% above this industry median. Based on the distribution chart, Teva Pharmaceutical Industries ranks #447 out of 708 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Teva Pharmaceutical Industries has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teva Pharmaceutical Industries' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Teva Pharmaceutical Industries ranks #447 out of 708 companies for Cyclically Adjusted PB Ratio. This places Teva Pharmaceutical Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. Teva Pharmaceutical Industries' value of 2.43 is 37.7% above this benchmark. Historically, Teva Pharmaceutical Industries' own Cyclically Adjusted PB Ratio has ranged from 0.28 to 2.76 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.77, Teva Pharmaceutical Industries 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.77, based on 708 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. Teva Pharmaceutical Industries's current Cyclically Adjusted PB Ratio of 2.43 is 37.7% 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 Teva Pharmaceutical Industries and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teva Pharmaceutical Industries's current Cyclically Adjusted PB Ratio is 2.43, which is 242% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teva Pharmaceutical Industries stock overvalued right now?
Based on GuruFocus' analysis, Teva Pharmaceutical Industries (BSP:T1EV34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$54.83, compared to a current price of R$90.90 — trading 65.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.43, which is 242% above median its 10-year median of 0.71 and 37.7% above the Drug Manufacturers industry median of 1.77. Teva Pharmaceutical Industries' overall GF Score™ is 39/100 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 Teva Pharmaceutical Industries (BSP:T1EV34), the current Cyclically Adjusted PB Ratio is 2.43 as of Aug. 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 Teva Pharmaceutical Industries (BSP:T1EV34) Overvalued in 2026?

Based on GuruFocus' analysis, Teva Pharmaceutical Industries stock appears to be overvalued. The current stock price of R$90.90 is trading 65.8% above its estimated GF Value™ of R$54.83. GuruFocus considers Teva Pharmaceutical Industries to be Significantly Overvalued.

Key valuation signals for BSP:T1EV34:

  • Cyclically Adjusted PB Ratio: 2.43 (242% above median its 10-year median of 0.71)
  • GF Value™: R$54.83 vs. price of R$90.90 (65.8% above fair value)
  • GF Score™: 39/100 with 6 warning signs
  • Industry Position: 37.7% above the Drug Manufacturers median (#447 of 708)

No single metric tells the full story. See the BSP:T1EV34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teva Pharmaceutical Industries Business Description

Address 124 Dvora HaNevi’a Street, Tel Aviv, ISR, 6944020
Teva Pharmaceutical, based in Israel, is the world's leading generic drug manufacturer. Teva derives half of its sales from North America and makes up a high-single-digit percentage of the total number of generic prescriptions in the US. It also has a significant presence in Europe, Japan, Russia, and Israel. Besides generics, Teva has a portfolio of innovative medicines and biosimilars in two main therapeutic areas: neurology and immunology. Teva also sells active pharmaceutical ingredients, offers contract manufacturing services, and owns Anda, a US-based generic and specialty drug distributor.
39GF Score

Get the complete analysis for BSP:T1EV34

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

R$90.90
Price
R$54.83
GF Value