Ambu AS (CHIX:AMBUBC) Cyclically Adjusted PB Ratio: 4.53 (As of Jul. 20, 2026) — 78% Below Median

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Director of Data and Quant Analytics at GuruFocus
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CHIX:AMBUBC Ambu AS CHIX:AMBUBC
79 GF Score
Price kr66.90
GF Value kr129.54
Valuation Significantly Undervalued
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What is Ambu AS Cyclically Adjusted PB Ratio?

Ambu AS CHIX:AMBUBC 79 Cyclically Adjusted PB Ratio is 4.53 as of Jul. 20, 2026, which is 78% below its 10-year median of 20.44. GuruFocus rates CHIX:AMBUBC with a GF Score™ of 79/100 and a GF Value™ of kr129.54 (Significantly Undervalued). Among 522 Medical Devices & Instruments companies, Ambu AS ranks worse than 79.69% on this metric.

As of today (2026-07-20), Ambu AS's current share price is kr66.90. Ambu AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr14.76. Ambu AS's Cyclically Adjusted PB Ratio for today is 4.53.

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

CHIX:AMBUBc' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.13   Med: 20.44   Max: 72.64
Current: 4.69

During the past years, Ambu AS's highest Cyclically Adjusted PB Ratio was 72.64. The lowest was 4.13. And the median was 20.44.

CHIX:AMBUBc's Cyclically Adjusted PB Ratio is ranked worse than
79.69% of 522 companies
in the Medical Devices & Instruments industry
Industry Median: 1.775 vs CHIX:AMBUBc: 4.69

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.

Ambu AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr23.014. 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 kr14.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambu AS  (CHIX:AMBUBc) 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.


Ambu AS Cyclically Adjusted PB Ratio Related Terms


Ambu AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ambu 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.

Ambu AS Cyclically Adjusted PB Ratio Chart

Ambu AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.25 8.02 7.45 11.12 6.70

Ambu 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 9.21 7.48 6.70 6.19 4.64

CHIX:AMBUBC vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Ambu 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.


Ambu AS Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ambu AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:AMBUBC
79GF Score
Ambu AS CHIX:AMBUBC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ambu 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.

Ambu AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=66.90/14.76
=4.53

* 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.

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

For example, Ambu 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)
=23.014/121.6800*121.6800
=23.014

Current CPI (Mar. 2026) = 121.6800.

Ambu AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.114 100.600 4.976
201609 4.212 100.200 5.115
201612 4.263 100.300 5.172
201703 4.658 101.200 5.601
201706 4.873 101.200 5.859
201709 5.385 101.800 6.437
201712 7.818 101.300 9.391
201803 7.120 101.700 8.519
201806 7.629 102.300 9.074
201809 7.728 102.400 9.183
201812 6.741 102.100 8.034
201903 8.480 102.900 10.028
201906 9.123 102.900 10.788
201909 8.893 102.900 10.516
201912 8.652 102.900 10.231
202003 9.325 103.300 10.984
202006 9.745 103.200 11.490
202009 9.568 103.500 11.249
202012 9.645 103.400 11.350
202103 15.225 104.300 17.762
202106 15.388 105.000 17.832
202109 15.576 105.800 17.914
202112 15.548 106.600 17.747
202203 16.403 109.900 18.161
202206 16.853 113.600 18.052
202209 16.771 116.400 17.532
202212 16.225 115.900 17.034
202303 19.575 117.300 20.306
202306 19.677 116.400 20.570
202309 20.251 117.400 20.989
202312 20.357 116.700 21.226
202403 21.048 118.400 21.631
202406 21.600 118.500 22.180
202409 20.999 118.900 21.490
202412 21.754 118.900 22.263
202503 22.201 120.200 22.474
202506 22.153 120.700 22.333
202509 22.641 121.600 22.656
202512 22.694 121.200 22.784
202603 23.014 121.680 23.014

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 4.53 mean?
Ambu AS (CHIX:AMBUBC) has a Cyclically Adjusted PB Ratio of 4.53 as of Jul. 20, 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 Ambu AS and its competitors. This is 78% below median its historical median of 20.44. Over the past decade, Ambu AS's Cyclically Adjusted PB Ratio has ranged from 4.13 to 72.64. According to the industry distribution chart, Ambu AS ranks #416 out of 522 companies in the Medical Devices & Instruments industry, placing it in the top 79.7%.
Is Ambu AS's Cyclically Adjusted PB Ratio too high?
Ambu AS's current Cyclically Adjusted PB Ratio of 4.53 is 78% below median its 10-year median of 20.44. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 72.64. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.78. Ambu AS's value of 4.53 is 155.2% above this industry median. Based on the distribution chart, Ambu AS ranks #416 out of 522 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Ambu AS has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ambu AS's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Ambu AS ranks #416 out of 522 companies for Cyclically Adjusted PB Ratio. This places Ambu AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Ambu AS's value of 4.53 is 155.2% above this benchmark. Historically, Ambu AS's own Cyclically Adjusted PB Ratio has ranged from 4.13 to 72.64 over the past decade. While the company's 10-year median is 20.44 vs. the industry median of 1.78, Ambu 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.78, based on 522 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. Ambu AS's current Cyclically Adjusted PB Ratio of 4.53 is 155.2% 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 Ambu AS and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambu AS's current Cyclically Adjusted PB Ratio is 4.53, which is 78% below median its own 10-year median of 20.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambu AS stock overvalued right now?
Based on GuruFocus' analysis, Ambu AS (CHIX:AMBUBC) is currently considered Significantly Undervalued. The stock's GF Value™ is kr129.54, compared to a current price of kr66.90 — trading 48.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.53, which is 78% below median its 10-year median of 20.44 and 155.2% above the Medical Devices & Instruments industry median of 1.78. Ambu AS's overall GF Score™ is 79/100. 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 Ambu AS (CHIX:AMBUBC), the current Cyclically Adjusted PB Ratio is 4.53 as of Jul. 20, 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 Ambu AS (CHIX:AMBUBC) Overvalued in 2026?

Based on GuruFocus' analysis, Ambu AS stock appears to be undervalued. The current stock price of kr66.90 is trading 48.4% below its estimated GF Value™ of kr129.54. GuruFocus considers Ambu AS to be Significantly Undervalued.

Key valuation signals for CHIX:AMBUBC:

  • Cyclically Adjusted PB Ratio: 4.53 (78% below median its 10-year median of 20.44)
  • GF Value™: kr129.54 vs. price of kr66.90 (48.4% below fair value)
  • GF Score™: 79/100
  • Industry Position: 155.2% above the Medical Devices & Instruments median (#416 of 522)

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


Ambu AS Business Description

Address Baltorpbakken 13, Ballerup, DNK, DK-2750
Ambu AS provides medical technology solutions. The company's business consists of research and development of new solutions, which are then manufactured, marketed, and sold. It operates in two verticals: Endoscopy Solutions and Anesthesia & Patient Monitoring, with the majority of revenue being generated from the Endoscopy Solutions business. Geographical segments include North America, Europe, and the Rest of the World.
79GF Score

Get the complete analysis for CHIX:AMBUBC

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

kr66.90
Price
kr129.54
GF Value