CVLLY (CellaVision AB) Cyclically Adjusted PB Ratio: 5.65 (As of Aug. 09, 2026) — 79% Below 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.

CVLLY CellaVision AB CVLLY
99 GF Score
Price $7.06
GF Value $8.88
! 2 Warning Signs
View Full Analysis

What is CellaVision AB Cyclically Adjusted PB Ratio?

CellaVision AB CVLLY +12.06% 99 Cyclically Adjusted PB Ratio is 5.65 as of Aug. 09, 2026, which is 79% below its 10-year median of 26.78. GuruFocus rates CVLLY with a GF Score™ of 99/100 and a GF Value™ of $8.88. The stock has 2 warning signs investors should review. Among 520 Medical Devices & Instruments companies, CellaVision AB ranks worse than 86.15% on this metric.

As of today (2026-08-09), CellaVision AB's current share price is $7.06. CellaVision AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $1.25. CellaVision AB's Cyclically Adjusted PB Ratio for today is 5.65.

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

CVLLY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.09   Med: 26.78   Max: 53.92
Current: 6.31

During the past years, CellaVision AB's highest Cyclically Adjusted PB Ratio was 53.92. The lowest was 5.09. And the median was 26.78.

CVLLY's Cyclically Adjusted PB Ratio is ranked worse than
86.15% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.865 vs CVLLY: 6.31

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.

CellaVision AB's adjusted book value per share data for the three months ended in Jun. 2026 was $1.952. 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 $1.25 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CellaVision AB  (OTCPK:CVLLY) 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.


CellaVision AB Cyclically Adjusted PB Ratio Related Terms


CellaVision AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CellaVision 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.

CellaVision AB Cyclically Adjusted PB Ratio Chart

CellaVision AB 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 29.45 15.91 12.29 10.96 6.97

CellaVision AB 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 8.54 7.88 6.97 6.60 5.64

CVLLY vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, CellaVision 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.


CellaVision AB Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


CVLLY
99GF Score
CellaVision AB CVLLY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CellaVision 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.06/1.25
=5.65

* 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.

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

For example, CellaVision AB'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)
=1.952/134.6100*134.6100
=1.952

Current CPI (Jun. 2026) = 134.6100.

CellaVision AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.458 101.138 0.610
201612 0.469 102.022 0.619
201703 0.548 102.022 0.723
201706 0.529 102.752 0.693
201709 0.593 103.279 0.773
201712 0.602 103.793 0.781
201803 0.646 103.962 0.836
201806 0.567 104.875 0.728
201809 0.607 105.679 0.773
201812 0.674 105.912 0.857
201903 0.712 105.886 0.905
201906 0.691 106.742 0.871
201909 0.706 107.214 0.886
201912 0.774 107.766 0.967
202003 0.815 106.563 1.030
202006 0.898 107.498 1.124
202009 0.979 107.635 1.224
202012 1.077 108.296 1.339
202103 1.137 108.360 1.412
202106 1.178 108.928 1.456
202109 1.214 110.338 1.481
202112 1.253 112.486 1.499
202203 1.282 114.825 1.503
202206 1.225 118.384 1.393
202209 1.164 122.296 1.281
202212 1.296 126.365 1.381
202303 1.329 127.042 1.408
202306 1.284 129.407 1.336
202309 1.282 130.224 1.325
202312 1.464 131.912 1.494
202403 1.528 132.205 1.556
202406 1.478 132.716 1.499
202409 1.574 132.304 1.601
202412 1.557 132.987 1.576
202503 1.735 132.825 1.758
202506 1.807 133.699 1.819
202509 1.904 133.480 1.920
202512 2.002 133.390 2.020
202603 2.057 133.560 2.073
202606 1.952 134.610 1.952

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 5.65 mean?
CellaVision AB (CVLLY) has a Cyclically Adjusted PB Ratio of 5.65 as of Aug. 09, 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 CellaVision AB and its competitors. This is 79% below median its historical median of 26.78. Over the past decade, CellaVision AB's Cyclically Adjusted PB Ratio has ranged from 5.09 to 53.92. According to the industry distribution chart, CellaVision AB ranks #448 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 86.2%.
Is CellaVision AB's Cyclically Adjusted PB Ratio too high?
CellaVision AB's current Cyclically Adjusted PB Ratio of 5.65 is 79% below median its 10-year median of 26.78. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 53.92. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.87. CellaVision AB's value of 5.65 is 202.9% above this industry median. Based on the distribution chart, CellaVision AB ranks #448 out of 520 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, CellaVision AB has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does CellaVision AB's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, CellaVision AB ranks #448 out of 520 companies for Cyclically Adjusted PB Ratio. This places CellaVision AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.87. CellaVision AB's value of 5.65 is 202.9% above this benchmark. Historically, CellaVision AB's own Cyclically Adjusted PB Ratio has ranged from 5.09 to 53.92 over the past decade. While the company's 10-year median is 26.78 vs. the industry median of 1.87, CellaVision AB 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 1.87, based on 520 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. CellaVision AB's current Cyclically Adjusted PB Ratio of 5.65 is 202.9% 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 CellaVision AB and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CellaVision AB's current Cyclically Adjusted PB Ratio is 5.65, which is 79% below median its own 10-year median of 26.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CellaVision AB stock overvalued right now?
CellaVision AB (CVLLY) has a current Cyclically Adjusted PB Ratio of 5.65. The stock's GF Value™ is $8.88, compared to a current price of $7.06 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.65, which is 79% below median its 10-year median of 26.78 and 202.9% above the Medical Devices & Instruments industry median of 1.87. CellaVision AB's overall GF Score™ is 99/100 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 CellaVision AB (CVLLY), the current Cyclically Adjusted PB Ratio is 5.65 as of Aug. 09, 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 CellaVision AB (CVLLY) Overvalued in 2026?

Based on GuruFocus' analysis, CellaVision AB stock appears to be undervalued. The current stock price of $7.06 is trading 20.5% below its estimated GF Value™ of $8.88.

Key valuation signals for CVLLY:

  • Cyclically Adjusted PB Ratio: 5.65 (79% below median its 10-year median of 26.78)
  • GF Value™: $8.88 vs. price of $7.06 (20.5% below fair value)
  • GF Score™: 99/100 with 2 warning signs
  • Industry Position: 202.9% above the Medical Devices & Instruments median (#448 of 520)

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


CellaVision AB Business Description

Address Mobilvagen 12, Lund, SWE, 22362
CellaVision AB is engaged in developing and selling instruments, software, and reagents for blood and body fluid analysis. The company automates parts of the sample preparation process and replaces manual microscopes with instruments based on digital image analysis technology and artificial intelligence. The solutions contribute to more effective workflows and higher quality in laboratory medicine. The product offer consists of products and solutions for standardized laboratory diagnostics and improved performance for cellular image processing and systems for digital microscopy in hematology, consisting of reagents, instruments, and supplementary software and peripheral equipment.
99GF Score

Get the complete analysis for CVLLY

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

$7.06
Price
$8.88
GF Value