GSK (BUE:GSK) Cyclically Adjusted PB Ratio: 6.55 (As of Aug. 07, 2026) — 19% Below Median

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BUE:GSK GSK PLC BUE:GSK
65 GF Score
Price ARS20,510.00
GF Value ARS18,100.49
Valuation Modestly Overvalued
! 2 Warning Signs
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What is GSK Cyclically Adjusted PB Ratio?

GSK BUE:GSK +1.33% 65 Cyclically Adjusted PB Ratio is 6.55 as of Aug. 07, 2026, which is 19% below its 10-year median of 8.13. GuruFocus rates BUE:GSK with a GF Score™ of 65/100 and a GF Value™ of ARS18,100.49 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 736 Drug Manufacturers companies, GSK ranks worse than 86.82% on this metric.

As of today (2026-08-07), GSK's current share price is ARS20510.00. GSK's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS3,130.95. GSK's Cyclically Adjusted PB Ratio for today is 6.55.

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

BUE:GSK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.02   Med: 8.13   Max: 12
Current: 6.38

During the past years, GSK's highest Cyclically Adjusted PB Ratio was 12.00. The lowest was 5.02. And the median was 8.13.

BUE:GSK's Cyclically Adjusted PB Ratio is ranked worse than
86.82% of 736 companies
in the Drug Manufacturers industry
Industry Median: 1.75 vs BUE:GSK: 6.38

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.

GSK's adjusted book value per share data for the three months ended in Jun. 2026 was ARS4,348.362. 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 ARS3,130.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GSK  (BUE:GSK) 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.


GSK Cyclically Adjusted PB Ratio Related Terms


GSK Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GSK'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.

GSK Cyclically Adjusted PB Ratio Chart

GSK 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 8.76 6.76 6.28 5.29 6.53

GSK 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 5.23 5.79 6.53 7.12 6.53

BUE:GSK vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, GSK'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.


GSK Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


BUE:GSK
65GF Score
GSK PLC BUE:GSK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GSK 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20510.00/3130.95
=6.55

* 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.

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

For example, GSK'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)
=4348.362/142.3000*142.3000
=4,348.362

Current CPI (Jun. 2026) = 142.3000.

GSK Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.347 101.500 0.486
201612 2.832 102.200 3.943
201703 4.173 102.700 5.782
201706 2.176 103.500 2.992
201709 3.864 104.300 5.272
201712 -0.219 105.000 -0.297
201803 -0.247 105.100 -0.334
201806 15.375 105.900 20.660
201809 27.357 106.600 36.519
201812 22.719 107.100 30.186
201903 26.123 107.000 34.741
201906 25.642 107.900 33.817
201909 102.081 108.400 134.005
201912 111.917 108.500 146.781
202003 126.339 108.600 165.544
202006 145.083 108.800 189.755
202009 171.133 109.200 223.006
202012 198.255 109.400 257.876
202103 230.738 109.700 299.307
202106 253.768 111.400 324.158
202109 257.356 112.400 325.816
202112 251.129 114.700 311.558
202203 284.424 116.500 347.412
202206 298.287 120.500 352.251
202209 177.039 122.300 205.991
202212 264.292 125.300 300.150
202303 349.678 126.800 392.423
202306 469.567 129.400 516.379
202309 701.182 130.100 766.935
202312 751.810 130.500 819.790
202403 1,816.587 131.600 1,964.288
202406 2,007.162 133.000 2,147.512
202409 2,158.064 133.500 2,300.318
202412 2,138.789 135.100 2,252.773
202503 2,387.005 136.100 2,495.744
202506 2,944.201 138.400 3,027.166
202509 3,680.024 138.900 3,770.104
202512 3,965.308 139.900 4,033.333
202603 4,139.273 140.800 4,183.370
202606 4,348.362 142.300 4,348.362

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 6.55 mean?
GSK (BUE:GSK) has a Cyclically Adjusted PB Ratio of 6.55 as of Aug. 07, 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 GSK and its competitors. This is 19% below median its historical median of 8.13. Over the past decade, GSK's Cyclically Adjusted PB Ratio has ranged from 5.02 to 12.00. According to the industry distribution chart, GSK ranks #639 out of 736 companies in the Drug Manufacturers industry, placing it in the top 86.8%.
Is GSK's Cyclically Adjusted PB Ratio too high?
GSK's current Cyclically Adjusted PB Ratio of 6.55 is 19% below median its 10-year median of 8.13. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 12.00. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.75. GSK's value of 6.55 is 274.3% above this industry median. Based on the distribution chart, GSK ranks #639 out of 736 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, GSK has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GSK's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, GSK ranks #639 out of 736 companies for Cyclically Adjusted PB Ratio. This places GSK in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.75. GSK's value of 6.55 is 274.3% above this benchmark. Historically, GSK's own Cyclically Adjusted PB Ratio has ranged from 5.02 to 12.00 over the past decade. While the company's 10-year median is 8.13 vs. the industry median of 1.75, GSK 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 1.75, based on 736 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. GSK's current Cyclically Adjusted PB Ratio of 6.55 is 274.3% 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 GSK and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GSK's current Cyclically Adjusted PB Ratio is 6.55, which is 19% below median its own 10-year median of 8.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GSK stock overvalued right now?
Based on GuruFocus' analysis, GSK (BUE:GSK) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS18,100.49, compared to a current price of ARS20,510.00 — trading 13.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.55, which is 19% below median its 10-year median of 8.13 and 274.3% above the Drug Manufacturers industry median of 1.75. GSK's overall GF Score™ is 65/100 with 2 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 GSK (BUE:GSK), the current Cyclically Adjusted PB Ratio is 6.55 as of Aug. 07, 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 GSK (BUE:GSK) Overvalued in 2026?

Based on GuruFocus' analysis, GSK stock appears to be overvalued. The current stock price of ARS20,510.00 is trading 13.3% above its estimated GF Value™ of ARS18,100.49. GuruFocus considers GSK to be Modestly Overvalued.

Key valuation signals for BUE:GSK:

  • Cyclically Adjusted PB Ratio: 6.55 (19% below median its 10-year median of 8.13)
  • GF Value™: ARS18,100.49 vs. price of ARS20,510.00 (13.3% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 274.3% above the Drug Manufacturers median (#639 of 736)

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


GSK Business Description

Address 79 New Oxford Street, London, GBR, WC1A 1DG
In the pharmaceutical industry, GSK ranks as one of the largest firms by total sales. The company wields its might across several therapeutic classes, including respiratory, antiviral, and vaccines, and has been growing its presence in oncology and immunology, as well. GSK uses joint ventures to gain additional scale in certain markets like HIV.
65GF Score

Get the complete analysis for BUE:GSK

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

ARS20,510.00
Price
ARS18,100.49
GF Value