Flerie AB (FRA:1NP1) Cyclically Adjusted PB Ratio: 0.34 (As of Aug. 12, 2026) — 32% 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.

FRA:1NP1 Flerie AB FRA:1NP1
38 GF Score
Price €1.93
! 2 Warning Signs
View Full Analysis

What is Flerie AB Cyclically Adjusted PB Ratio?

Flerie AB FRA:1NP1 +12.54% 38 Cyclically Adjusted PB Ratio is 0.34 as of Aug. 12, 2026, which is 32% below its 10-year median of 0.50. GuruFocus rates FRA:1NP1 with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 693 Biotechnology companies, Flerie AB ranks better than 80.66% on this metric.

As of today (2026-08-12), Flerie AB's current share price is €1.93. Flerie AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €5.76. Flerie AB's Cyclically Adjusted PB Ratio for today is 0.34.

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

FRA:1NP1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.5   Max: 0.62
Current: 0.29

During the past years, Flerie AB's highest Cyclically Adjusted PB Ratio was 0.62. The lowest was 0.29. And the median was 0.50.

FRA:1NP1's Cyclically Adjusted PB Ratio is ranked better than
80.66% of 693 companies
in the Biotechnology industry
Industry Median: 1.62 vs FRA:1NP1: 0.29

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.

Flerie AB's adjusted book value per share data for the three months ended in Jun. 2026 was €3.571. 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 €5.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flerie AB  (FRA:1NP1) 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.


Flerie AB Cyclically Adjusted PB Ratio Related Terms


Flerie AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Flerie 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.

Flerie AB Cyclically Adjusted PB Ratio Chart

Flerie 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 0.00 0.00 0.00 0.00 0.49

Flerie 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 0.59 0.56 0.49 0.48 0.29

FRA:1NP1 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Flerie 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.


Flerie AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


FRA:1NP1
38GF Score
Flerie AB FRA:1NP1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flerie 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.93/5.76
=0.34

* 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.

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

For example, Flerie 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)
=3.571/134.6100*134.6100
=3.571

Current CPI (Jun. 2026) = 134.6100.

Flerie AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 -2.782 101.138 -3.703
201612 9.826 102.022 12.965
201703 8.553 102.022 11.285
201706 7.546 102.752 9.886
201709 6.987 103.279 9.107
201712 5.767 103.793 7.479
201803 4.440 103.962 5.749
201806 3.062 104.875 3.930
201809 2.257 105.679 2.875
201812 2.995 105.912 3.807
201903 1.939 105.886 2.465
201906 1.122 106.742 1.415
201909 3.120 107.214 3.917
201912 3.755 107.766 4.690
202003 2.802 106.563 3.539
202006 2.358 107.498 2.953
202009 2.105 107.635 2.633
202012 1.792 108.296 2.227
202103 8.519 108.360 10.583
202106 7.872 108.928 9.728
202109 7.377 110.338 9.000
202112 6.942 112.486 8.307
202203 6.474 114.825 7.589
202206 6.093 118.384 6.928
202209 5.933 122.296 6.530
202212 4.990 126.365 5.316
202303 4.280 127.042 4.535
202306 5.382 129.407 5.598
202309 4.782 130.224 4.943
202312 52.361 131.912 53.432
202403 3.425 132.205 3.487
202406 4.348 132.716 4.410
202409 4.207 132.304 4.280
202412 4.091 132.987 4.141
202503 4.039 132.825 4.093
202506 4.402 133.699 4.432
202509 4.023 133.480 4.057
202512 3.506 133.390 3.538
202603 3.583 133.560 3.611
202606 3.571 134.610 3.571

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 0.34 mean?
Flerie AB (FRA:1NP1) has a Cyclically Adjusted PB Ratio of 0.34 as of Aug. 12, 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 Flerie AB and its competitors. This is 32% below median its historical median of 0.50. Over the past decade, Flerie AB's Cyclically Adjusted PB Ratio has ranged from 0.29 to 0.62. According to the industry distribution chart, Flerie AB ranks #134 out of 693 companies in the Biotechnology industry, placing it in the top 19.3%.
Is Flerie AB's Cyclically Adjusted PB Ratio too high?
Flerie AB's current Cyclically Adjusted PB Ratio of 0.34 is 32% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.62. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Flerie AB's value of 0.34 is 79% below this industry median. Based on the distribution chart, Flerie AB ranks #134 out of 693 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Flerie AB has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Flerie AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Flerie AB ranks #134 out of 693 companies for Cyclically Adjusted PB Ratio. This places Flerie AB in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.62. Flerie AB's value of 0.34 is 79% below this benchmark. Historically, Flerie AB's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 0.62 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.62, Flerie 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 1.62, based on 693 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. Flerie AB's current Cyclically Adjusted PB Ratio of 0.34 is 79% 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 Flerie AB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flerie AB's current Cyclically Adjusted PB Ratio is 0.34, which is 32% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flerie AB stock overvalued right now?
Flerie AB (FRA:1NP1) has a current Cyclically Adjusted PB Ratio of 0.34. The current Cyclically Adjusted PB Ratio is 0.34, which is 32% below median its 10-year median of 0.50 and 79% below the Biotechnology industry median of 1.62. Flerie AB's overall GF Score™ is 38/100 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 Flerie AB (FRA:1NP1), the current Cyclically Adjusted PB Ratio is 0.34 as of Aug. 12, 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.

Flerie AB Business Description

Other Exchanges FLERIE:Sweden1NP1:Germany
Address Skeppsbron 16, Stockholm, SWE, 111 30
Flerie AB is a pharmaceutical company focusing on immunological diseases with great medical needs for new treatment options. The portfolio of the company includes Immuno-Oncology, metabolic diseases, and biologics development and manufacturing organizations. It operates in two segments The Product Development segment, and The Commercial Growth segment. The Product Development segment consists of early and mid-stage biotech and pharma companies advancing their products and technologies toward clinical proofof-concept and marketing approvals. The Commercial Growth segment consists of companies already selling products or services, showcasing their ability to generate increasing revenues ahead of reaching sustainable profitability.
38GF Score

Get the complete analysis for FRA:1NP1

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

€1.93
Price