Alk-Abello AS (CHIX:ALKBC) Cyclically Adjusted PB Ratio: 12.80 (As of Jul. 15, 2026) — 65% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:ALKBC Alk-Abello AS CHIX:ALKBC
92 GF Score
Price kr256.30
GF Value kr208.28
Valuation Modestly Overvalued
View Full Analysis

What is Alk-Abello AS Cyclically Adjusted PB Ratio?

Alk-Abello AS CHIX:ALKBC 92 Cyclically Adjusted PB Ratio is 12.80 as of Jul. 15, 2026, which is 65% above its 10-year median of 7.74. GuruFocus rates CHIX:ALKBC with a GF Score™ of 92/100 and a GF Value™ of kr208.28 (Modestly Overvalued). Among 698 Biotechnology companies, Alk-Abello AS ranks worse than 89.68% on this metric.

As of today (2026-07-15), Alk-Abello AS's current share price is kr256.30. Alk-Abello AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr20.02. Alk-Abello AS's Cyclically Adjusted PB Ratio for today is 12.80.

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

CHIX:ALKBc' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.65   Med: 7.74   Max: 13.68
Current: 12.28

During the past years, Alk-Abello AS's highest Cyclically Adjusted PB Ratio was 13.68. The lowest was 2.65. And the median was 7.74.

CHIX:ALKBc's Cyclically Adjusted PB Ratio is ranked worse than
89.68% of 698 companies
in the Biotechnology industry
Industry Median: 1.62 vs CHIX:ALKBc: 12.28

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.

Alk-Abello AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr29.646. 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 kr20.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alk-Abello AS  (CHIX:ALKBc) 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.


Alk-Abello AS Cyclically Adjusted PB Ratio Related Terms


Alk-Abello AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alk-Abello AS'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.

Alk-Abello AS Cyclically Adjusted PB Ratio Chart

Alk-Abello AS 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 11.99 6.01 6.06 8.90 11.80

Alk-Abello AS 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 7.57 10.00 10.90 11.80 10.23

CHIX:ALKBC vs VRTX, REGN, ALNY: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Alk-Abello AS'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.


Alk-Abello AS Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Alk-Abello AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alk-Abello AS's Cyclically Adjusted PB Ratio falls into.


CHIX:ALKBC
92GF Score
Alk-Abello AS CHIX:ALKBC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alk-Abello AS 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.

Alk-Abello AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=256.30/20.02
=12.80

* 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.

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

For example, Alk-Abello AS'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)
=29.646/121.6800*121.6800
=29.646

Current CPI (Mar. 2026) = 121.6800.

Alk-Abello AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.454 100.600 17.483
201609 14.434 100.200 17.528
201612 14.621 100.300 17.738
201703 14.357 101.200 17.262
201706 14.167 101.200 17.034
201709 14.001 101.800 16.735
201712 15.283 101.300 18.358
201803 15.269 101.700 18.269
201806 15.217 102.300 18.100
201809 15.041 102.400 17.873
201812 14.737 102.100 17.563
201903 15.150 102.900 17.915
201906 14.585 102.900 17.247
201909 14.664 102.900 17.340
201912 14.568 102.900 17.227
202003 15.019 103.300 17.691
202006 14.854 103.200 17.514
202009 14.671 103.500 17.248
202012 14.426 103.400 16.976
202103 15.137 104.300 17.659
202106 14.800 105.000 17.151
202109 15.094 105.800 17.360
202112 15.829 106.600 18.068
202203 16.602 109.900 18.382
202206 17.193 113.600 18.416
202209 17.869 116.400 18.680
202212 18.045 115.900 18.945
202303 18.634 117.300 19.330
202306 18.916 116.400 19.774
202309 19.626 117.400 20.341
202312 20.105 116.700 20.963
202403 21.190 118.400 21.777
202406 22.225 118.500 22.821
202409 22.973 118.900 23.510
202412 24.268 118.900 24.835
202503 25.637 120.200 25.953
202506 26.390 120.700 26.604
202509 27.861 121.600 27.879
202512 29.089 121.200 29.204
202603 29.646 121.680 29.646

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 12.80 mean?
Alk-Abello AS (CHIX:ALKBC) has a Cyclically Adjusted PB Ratio of 12.80 as of Jul. 15, 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 Alk-Abello AS and its competitors. This is 65% above median its historical median of 7.74. Over the past decade, Alk-Abello AS's Cyclically Adjusted PB Ratio has ranged from 2.65 to 13.68. According to the industry distribution chart, Alk-Abello AS ranks #626 out of 698 companies in the Biotechnology industry, placing it in the top 89.7%.
Is Alk-Abello AS's Cyclically Adjusted PB Ratio too high?
Alk-Abello AS's current Cyclically Adjusted PB Ratio of 12.80 is 65% above median its 10-year median of 7.74. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 13.68. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Alk-Abello AS's value of 12.80 is 690.1% above this industry median. Based on the distribution chart, Alk-Abello AS ranks #626 out of 698 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Alk-Abello AS has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alk-Abello AS's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Alk-Abello AS ranks #626 out of 698 companies for Cyclically Adjusted PB Ratio. This places Alk-Abello AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Alk-Abello AS's value of 12.80 is 690.1% above this benchmark. Historically, Alk-Abello AS's own Cyclically Adjusted PB Ratio has ranged from 2.65 to 13.68 over the past decade. While the company's 10-year median is 7.74 vs. the industry median of 1.62, Alk-Abello AS 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 1.62, based on 698 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. Alk-Abello AS's current Cyclically Adjusted PB Ratio of 12.80 is 690.1% 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 Alk-Abello AS and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alk-Abello AS's current Cyclically Adjusted PB Ratio is 12.80, which is 65% above median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alk-Abello AS stock overvalued right now?
Based on GuruFocus' analysis, Alk-Abello AS (CHIX:ALKBC) is currently considered Modestly Overvalued. The stock's GF Value™ is kr208.28, compared to a current price of kr256.30 — trading 23.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.80, which is 65% above median its 10-year median of 7.74 and 690.1% above the Biotechnology industry median of 1.62. Alk-Abello AS's overall GF Score™ is 92/100. 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 Alk-Abello AS (CHIX:ALKBC), the current Cyclically Adjusted PB Ratio is 12.80 as of Jul. 15, 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 Alk-Abello AS (CHIX:ALKBC) Overvalued in 2026?

Based on GuruFocus' analysis, Alk-Abello AS stock appears to be overvalued. The current stock price of kr256.30 is trading 23.1% above its estimated GF Value™ of kr208.28. GuruFocus considers Alk-Abello AS to be Modestly Overvalued.

Key valuation signals for CHIX:ALKBC:

  • Cyclically Adjusted PB Ratio: 12.80 (65% above median its 10-year median of 7.74)
  • GF Value™: kr208.28 vs. price of kr256.30 (23.1% above fair value)
  • GF Score™: 92/100
  • Industry Position: 690.1% above the Biotechnology median (#626 of 698)

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


Alk-Abello AS Business Description

Address Boge Alle 6-8, Horsholm, DNK, DK-2970
Alk-Abello AS is a biotechnology company that focuses on pharmaceutical prevention, diagnosis, and treatment of allergies. The company is focused on respiratory diseases, including allergic rhinitis and allergic asthma. Moreover, the firm specializes in venom immunotherapy for patients suffering from bee and wasp allergies. The company's treatments induce a protective immune response that provides sustained symptom relief. Its primary focus is on allergy patients whose disease is not well controlled, despite the use of symptom-relieving medication. The company operates in Europe, North America and International Markets. It derives maximum revenue from Europe.
92GF Score

Get the complete analysis for CHIX:ALKBC

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

kr256.30
Price
kr208.28
GF Value