Mendus AB (CHIX:IMMUS) Cyclically Adjusted PB Ratio: 0.08 (As of Jul. 19, 2026) — 43% Below Median

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CHIX:IMMUS Mendus AB CHIX:IMMUS
31 GF Score
Price kr32.70
! 2 Warning Signs
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What is Mendus AB Cyclically Adjusted PB Ratio?

Mendus AB CHIX:IMMUS 31 Cyclically Adjusted PB Ratio is 0.08 as of Jul. 19, 2026, which is 43% below its 10-year median of 0.14. GuruFocus rates CHIX:IMMUS with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 698 Biotechnology companies, Mendus AB ranks better than 87.97% on this metric.

As of today (2026-07-19), Mendus AB's current share price is kr32.70. Mendus AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr386.79. Mendus AB's Cyclically Adjusted PB Ratio for today is 0.08.

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

CHIX:IMMUs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.14   Max: 0.88
Current: 0.11

During the past years, Mendus AB's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.06. And the median was 0.14.

CHIX:IMMUs's Cyclically Adjusted PB Ratio is ranked better than
87.97% of 698 companies
in the Biotechnology industry
Industry Median: 1.605 vs CHIX:IMMUs: 0.11

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.

Mendus AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr9.222. 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 kr386.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mendus AB  (CHIX:IMMUs) 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.


Mendus AB Cyclically Adjusted PB Ratio Related Terms


Mendus AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mendus AB'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.

Mendus AB Cyclically Adjusted PB Ratio Chart

Mendus AB Annual Data
Trend Jun16 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 1.49 0.69 0.16 0.13 0.10

Mendus AB 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 0.11 0.14 0.12 0.10 0.08

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

For the Biotechnology subindustry, Mendus AB'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.


Mendus AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Mendus AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:IMMUS
31GF Score
Mendus AB CHIX:IMMUS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mendus AB 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.

Mendus AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.70/386.79
=0.08

* 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.

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

For example, Mendus AB'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)
=9.222/133.5600*133.5600
=9.222

Current CPI (Mar. 2026) = 133.5600.

Mendus AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 91.929 101.019 121.541
201609 84.013 101.138 110.946
201612 67.626 102.022 88.532
201703 53.994 102.022 70.685
201706 41.303 102.752 53.687
201709 26.997 103.279 34.912
201712 125.202 103.793 161.109
201803 58.025 103.962 74.545
201806 51.040 104.875 65.001
201809 42.552 105.679 53.778
201812 -6.670 105.912 -8.411
201903 75.260 105.886 94.930
201906 68.777 106.742 86.057
201909 62.858 107.214 78.304
201912 -1.134 107.766 -1.405
202003 48.137 106.563 60.332
202006 42.861 107.498 53.252
202009 38.419 107.635 47.673
202012 73.292 108.296 90.390
202103 68.636 108.360 84.598
202106 66.158 108.928 81.119
202109 63.654 110.338 77.051
202112 60.675 112.486 72.042
202203 58.135 114.825 67.620
202206 55.464 118.384 62.574
202209 51.843 122.296 56.618
202212 47.528 126.365 50.234
202303 44.637 127.042 46.927
202306 44.094 129.407 45.509
202309 17.405 130.224 17.851
202312 16.329 131.912 16.533
202403 15.574 132.205 15.734
202406 13.868 132.716 13.956
202409 13.417 132.304 13.544
202412 12.811 132.987 12.866
202503 12.203 132.825 12.271
202506 11.467 133.699 11.455
202509 11.064 133.480 11.071
202512 9.547 133.390 9.559
202603 9.222 133.560 9.222

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 0.08 mean?
Mendus AB (CHIX:IMMUS) has a Cyclically Adjusted PB Ratio of 0.08 as of Jul. 19, 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 Mendus AB and its competitors. This is 43% below median its historical median of 0.14. Over the past decade, Mendus AB's Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.88. According to the industry distribution chart, Mendus AB ranks #84 out of 698 companies in the Biotechnology industry, placing it in the top 12%.
Is Mendus AB's Cyclically Adjusted PB Ratio too high?
Mendus AB's current Cyclically Adjusted PB Ratio of 0.08 is 43% below median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.88. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.61. Mendus AB's value of 0.08 is 95% below this industry median. Based on the distribution chart, Mendus AB ranks #84 out of 698 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Mendus AB has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Mendus AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Mendus AB ranks #84 out of 698 companies for Cyclically Adjusted PB Ratio. This places Mendus AB in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.61. Mendus AB's value of 0.08 is 95% below this benchmark. Historically, Mendus AB's own Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.88 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 1.61, Mendus AB has consistently been below 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 1.61, 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. Mendus AB's current Cyclically Adjusted PB Ratio of 0.08 is 95% below 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 Mendus AB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mendus AB's current Cyclically Adjusted PB Ratio is 0.08, which is 43% below median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mendus AB stock overvalued right now?
Mendus AB (CHIX:IMMUS) has a current Cyclically Adjusted PB Ratio of 0.08. The current Cyclically Adjusted PB Ratio is 0.08, which is 43% below median its 10-year median of 0.14 and 95% below the Biotechnology industry median of 1.61. Mendus AB's overall GF Score™ is 31/100 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 Mendus AB (CHIX:IMMUS), the current Cyclically Adjusted PB Ratio is 0.08 as of Jul. 19, 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.

Mendus AB Business Description

Other Exchanges IMMU:Sweden1YG0:Germany
Address Vastra Tradgardsgatan 15, Stockholm, SWE, 11153
Mendus AB is a clinical-level biopharmaceutical company based on the company's allogeneic dendritic cell biology focused on the development of immunotherapies that address tumor recurrence and hard-to-treat established tumors. Its operations consist of research and development for pharmaceuticals. The company's Pipeline includes: Vididencel, and Ilixadencel.
31GF Score

Get the complete analysis for CHIX:IMMUS

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

kr32.70
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