Penumbra (FRA:0P8) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

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.

FRA:0P8 Penumbra Inc FRA:0P8
88 GF Score
Price €276.80
GF Value €289.57
! 1 Warning Sign
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What is Penumbra Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Penumbra  (FRA:0P8) 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.


Penumbra Cyclically Adjusted PB Ratio Related Terms


Penumbra Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Penumbra'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.

Penumbra Cyclically Adjusted PB Ratio Chart

Penumbra 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 0.00 0.00 0.00 11.97 13.74

Penumbra 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 12.06 11.50 13.74 13.84 0.00

FRA:0P8 vs PODD, GMED, BRKR: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Penumbra'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.


Penumbra Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


FRA:0P8
88GF Score
Penumbra Inc FRA:0P8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Penumbra 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.

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

For example, Penumbra'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)
=33.577/333.9520*333.9520
=33.577

Current CPI (Jun. 2026) = 333.9520.

Penumbra Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.148 241.428 9.887
201612 8.123 241.432 11.236
201703 10.385 243.801 14.225
201706 9.829 244.955 13.400
201709 9.489 246.819 12.839
201712 10.044 246.524 13.606
201803 9.825 249.554 13.148
201806 10.587 251.989 14.031
201809 10.169 252.439 13.453
201812 10.778 251.233 14.327
201903 11.182 254.202 14.690
201906 11.552 256.143 15.061
201909 12.155 256.759 15.809
201912 12.494 256.974 16.237
202003 12.617 258.115 16.324
202006 15.396 257.797 19.944
202009 14.558 260.280 18.679
202012 14.481 260.474 18.566
202103 15.083 264.877 19.016
202106 15.409 271.696 18.940
202109 16.016 274.310 19.498
202112 22.466 278.802 26.910
202203 23.124 287.504 26.860
202206 24.225 296.311 27.302
202209 25.903 296.808 29.145
202212 24.743 296.797 27.840
202303 25.021 301.836 27.683
202306 25.632 305.109 28.055
202309 26.822 307.789 29.102
202312 27.948 306.746 30.427
202403 28.570 312.332 30.548
202406 27.778 314.175 29.527
202409 25.935 315.301 27.469
202412 28.556 315.605 30.216
202503 29.002 319.799 30.286
202506 28.787 322.561 29.804
202509 29.569 324.800 30.402
202512 31.078 324.054 32.027
202603 32.418 330.213 32.785
202606 33.577 333.952 33.577

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.

Is Penumbra (FRA:0P8) Overvalued in 2026?

Based on GuruFocus' analysis, Penumbra stock appears to be undervalued. The current stock price of €276.80 is trading 4.4% below its estimated GF Value™ of €289.57.

Key valuation signals for FRA:0P8:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €289.57 vs. price of €276.80 (4.4% below fair value)
  • GF Score™: 88/100 with 1 warning sign

No single metric tells the full story. See the FRA:0P8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Penumbra Business Description

Other Exchanges PEN:USA
Address 1310 Harbor Bay Parkway, One Penumbra Place, Alameda, CA, USA, 94502
Penumbra Inc is a thrombectomy company focused on developing technologies for challenging medical conditions such as ischemic stroke, venous thromboembolism (including pulmonary embolism), and acute limb ischemia. Its portfolio includes Computer-Assisted Vacuum Thrombectomy (CAVT), which is designed to remove blood clots throughout the body. The company offers products such as the Artemis Neuro Evacuation Device (used for surgical removal of fluid and tissue from the ventricles and cerebrum), Indigo System, Penumbra System Reperfusion Catheter, LANTERN Delivery Microcatheter, Penumbra Smart Coil, and ACE Reperfusion Catheters, among others. The company generates maximum revenue from the sale of its products in the United States, followed by international markets.
88GF Score

Get the complete analysis for FRA:0P8

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

€276.80
Price
€289.57
GF Value