CPHRF (Cipher Pharmaceuticals) Cyclically Adjusted PB Ratio: 4.45 (As of Sep. 16, 2026) — 104% Above Median

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CPHRF Cipher Pharmaceuticals Inc CPHRF
83 GF Score
Price $10.45
GF Value $11.77
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Cipher Pharmaceuticals Cyclically Adjusted PB Ratio?

Cipher Pharmaceuticals CPHRF +1.00% 83 Cyclically Adjusted PB Ratio is 4.45 as of Sep. 16, 2026, which is 104% above its 10-year median of 2.18. GuruFocus rates CPHRF with a GF Scoreâ„¢ of 83/100 and a GF Valueâ„¢ of $11.77 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 636 Drug Manufacturers companies, Cipher Pharmaceuticals ranks worse than 84.28% on this metric.

As of today (2026-09-16), Cipher Pharmaceuticals's current share price is $10.45. Cipher Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $2.35. Cipher Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 4.45.

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

CPHRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 2.18   Max: 7.78
Current: 4.51

During the past years, Cipher Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 7.78. The lowest was 0.32. And the median was 2.18.

CPHRF's Cyclically Adjusted PB Ratio is ranked worse than
84.28% of 636 companies
in the Drug Manufacturers industry
Industry Median: 1.685 vs CPHRF: 4.51

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.

Cipher Pharmaceuticals's adjusted book value per share data for the three months ended in Jun. 2026 was $5.401. 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 $2.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cipher Pharmaceuticals  (OTCPK:CPHRF) 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.


Cipher Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Cipher Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cipher Pharmaceuticals'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.

Cipher Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Cipher Pharmaceuticals 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 1.03 1.69 2.26 4.95 4.80

Cipher Pharmaceuticals 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 4.50 5.30 5.09 5.80 4.94

CPHRF vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cipher Pharmaceuticals'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.


Cipher Pharmaceuticals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


CPHRF
83GF Score
Cipher Pharmaceuticals Inc CPHRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cipher Pharmaceuticals 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.

Cipher Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.45/2.346
=4.45

* 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.

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

For example, Cipher Pharmaceuticals'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)
=5.401/133.5265*133.5265
=5.401

Current CPI (Jun. 2026) = 133.5265.

Cipher Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.118 101.765 1.467
201612 0.685 101.449 0.902
201703 0.574 102.634 0.747
201706 0.604 103.029 0.783
201709 0.713 103.345 0.921
201712 0.872 103.345 1.127
201803 0.833 105.004 1.059
201806 0.922 105.557 1.166
201809 0.956 105.636 1.208
201812 0.923 105.399 1.169
201903 0.953 106.979 1.189
201906 1.006 107.690 1.247
201909 0.921 107.611 1.143
201912 1.038 107.769 1.286
202003 1.136 107.927 1.405
202006 1.153 108.401 1.420
202009 1.214 108.164 1.499
202012 1.210 108.559 1.488
202103 1.263 110.298 1.529
202106 1.357 111.720 1.622
202109 1.397 112.905 1.652
202112 1.500 113.774 1.760
202203 1.578 117.646 1.791
202206 1.663 120.806 1.838
202209 1.771 120.648 1.960
202212 2.557 120.964 2.823
202303 2.650 122.702 2.884
202306 2.777 124.203 2.985
202309 3.064 125.230 3.267
202312 3.357 125.072 3.584
202403 3.551 126.258 3.755
202406 3.682 127.522 3.855
202409 3.863 127.285 4.052
202412 3.998 127.364 4.191
202503 4.107 129.181 4.245
202506 4.310 129.892 4.431
202509 4.491 130.287 4.603
202512 4.994 130.366 5.115
202603 5.228 132.262 5.278
202606 5.401 133.527 5.401

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 4.45 mean?
Cipher Pharmaceuticals (CPHRF) has a Cyclically Adjusted PB Ratio of 4.45 as of Sep. 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 Cipher Pharmaceuticals and its competitors. This is 104% above median its historical median of 2.18. Over the past decade, Cipher Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 0.32 to 7.78. According to the industry distribution chart, Cipher Pharmaceuticals ranks #536 out of 636 companies in the Drug Manufacturers industry, placing it in the top 84.3%.
Is Cipher Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Cipher Pharmaceuticals' current Cyclically Adjusted PB Ratio of 4.45 is 104% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 7.78. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.69. Cipher Pharmaceuticals' value of 4.45 is 164.1% above this industry median. Based on the distribution chart, Cipher Pharmaceuticals ranks #536 out of 636 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Cipher Pharmaceuticals has a GF Scoreâ„¢ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cipher Pharmaceuticals' Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Cipher Pharmaceuticals ranks #536 out of 636 companies for Cyclically Adjusted PB Ratio. This places Cipher Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Cipher Pharmaceuticals' value of 4.45 is 164.1% above this benchmark. Historically, Cipher Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 0.32 to 7.78 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 1.69, Cipher Pharmaceuticals 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 1.69, based on 636 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. Cipher Pharmaceuticals's current Cyclically Adjusted PB Ratio of 4.45 is 164.1% 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 Cipher Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cipher Pharmaceuticals's current Cyclically Adjusted PB Ratio is 4.45, which is 104% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cipher Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Cipher Pharmaceuticals (CPHRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.77, compared to a current price of $10.45 — trading 11.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.45, which is 104% above median its 10-year median of 2.18 and 164.1% above the Drug Manufacturers industry median of 1.69. Cipher Pharmaceuticals' overall GF Score™ is 83/100 with 7 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 Cipher Pharmaceuticals (CPHRF), the current Cyclically Adjusted PB Ratio is 4.45 as of Sep. 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 Cipher Pharmaceuticals (CPHRF) Overvalued in 2026?

Based on GuruFocus' analysis, Cipher Pharmaceuticals stock appears to be undervalued. The current stock price of $10.45 is trading 11.2% below its estimated GF Value™ of $11.77. GuruFocus considers Cipher Pharmaceuticals to be Modestly Undervalued.

Key valuation signals for CPHRF:

  • Cyclically Adjusted PB Ratio: 4.45 (104% above median its 10-year median of 2.18)
  • GF Value™: $11.77 vs. price of $10.45 (11.2% below fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 164.1% above the Drug Manufacturers median (#536 of 636)

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


Cipher Pharmaceuticals Business Description

Other Exchanges PHE:GermanyCPH:Canada
Address 5750 Explorer Drive, Suite 404, Mississauga, ON, CAN, L4W 0A9
Cipher Pharmaceuticals Inc is a specialty pharmaceutical company with a diversified portfolio of commercial and early to late-stage products. The Company is building its business through product acquisitions, out-licensing, and in-licensing arrangements. Its products include Dermatology Products, Hospital Acute Care Products, specialty medicines, and Out-Licensed Products, among others. The company's geographical operational areas include Canada and the United States.
83GF Score

Get the complete analysis for CPHRF

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

$10.45
Price
$11.77
GF Value