Intervacc AB (FRA:2E9) Cyclically Adjusted PB Ratio: 0.61 (As of Aug. 05, 2026) — 221% Above Median

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FRA:2E9 Intervacc AB FRA:2E9
63 GF Score
Price €0.09
GF Value €0.08
! 5 Warning Signs
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What is Intervacc AB Cyclically Adjusted PB Ratio?

Intervacc AB FRA:2E9 -4.80% 63 Cyclically Adjusted PB Ratio is 0.61 as of Aug. 05, 2026, which is 221% above its 10-year median of 0.19. GuruFocus rates FRA:2E9 with a GF Score™ of 63/100 and a GF Value™ of €0.08. The stock has 5 warning signs investors should review. Among 696 Biotechnology companies, Intervacc AB ranks better than 81.75% on this metric.

As of today (2026-08-05), Intervacc AB's current share price is €0.0912. Intervacc AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.15. Intervacc AB's Cyclically Adjusted PB Ratio for today is 0.61.

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

FRA:2E9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.19   Max: 0.29
Current: 0.27

During the past years, Intervacc AB's highest Cyclically Adjusted PB Ratio was 0.29. The lowest was 0.12. And the median was 0.19.

FRA:2E9's Cyclically Adjusted PB Ratio is ranked better than
81.75% of 696 companies
in the Biotechnology industry
Industry Median: 1.585 vs FRA:2E9: 0.27

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.

Intervacc AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.069. 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 €0.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intervacc AB  (FRA:2E9) 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.


Intervacc AB Cyclically Adjusted PB Ratio Related Terms


Intervacc AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Intervacc 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.

Intervacc AB Cyclically Adjusted PB Ratio Chart

Intervacc 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 0.19

Intervacc 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 0.00 0.00 0.20 0.19 0.18

FRA:2E9 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Intervacc 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.


Intervacc AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


FRA:2E9
63GF Score
Intervacc AB FRA:2E9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Intervacc 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0912/0.15
=0.61

* 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.

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

For example, Intervacc 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)
=0.069/133.5600*133.5600
=0.069

Current CPI (Mar. 2026) = 133.5600.

Intervacc AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 101.019 0.000
201609 0.000 101.138 0.000
201612 0.864 102.022 1.131
201703 0.000 102.022 0.000
201706 0.792 102.752 1.029
201709 0.797 103.279 1.031
201712 0.739 103.793 0.951
201803 0.708 103.962 0.910
201806 0.390 104.875 0.497
201809 0.374 105.679 0.473
201812 0.367 105.912 0.463
201903 0.346 105.886 0.436
201906 0.326 106.742 0.408
201909 0.367 107.214 0.457
201912 0.361 107.766 0.447
202003 0.338 106.563 0.424
202006 0.498 107.498 0.619
202009 0.491 107.635 0.609
202012 0.493 108.296 0.608
202103 0.484 108.360 0.597
202106 0.478 108.928 0.586
202109 0.463 110.338 0.560
202112 0.446 112.486 0.530
202203 0.420 114.825 0.489
202206 0.395 118.384 0.446
202209 0.373 122.296 0.407
202212 0.336 126.365 0.355
202303 0.306 127.042 0.322
202306 0.297 129.407 0.307
202309 0.247 130.224 0.253
202312 0.241 131.912 0.244
202403 0.221 132.205 0.223
202406 0.203 132.716 0.204
202409 0.180 132.304 0.182
202412 0.160 132.987 0.161
202503 0.092 132.825 0.093
202506 0.087 133.699 0.087
202509 0.083 133.480 0.083
202512 0.074 133.390 0.074
202603 0.069 133.560 0.069

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 0.61 mean?
Intervacc AB (FRA:2E9) has a Cyclically Adjusted PB Ratio of 0.61 as of Aug. 05, 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 Intervacc AB and its competitors. This is 221% above median its historical median of 0.19. Over the past decade, Intervacc AB's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.29. According to the industry distribution chart, Intervacc AB ranks #127 out of 696 companies in the Biotechnology industry, placing it in the top 18.2%.
Is Intervacc AB's Cyclically Adjusted PB Ratio too high?
Intervacc AB's current Cyclically Adjusted PB Ratio of 0.61 is 221% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.29. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.59. Intervacc AB's value of 0.61 is 61.5% below this industry median. Based on the distribution chart, Intervacc AB ranks #127 out of 696 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Intervacc AB has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Intervacc AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Intervacc AB ranks #127 out of 696 companies for Cyclically Adjusted PB Ratio. This places Intervacc AB in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.59. Intervacc AB's value of 0.61 is 61.5% below this benchmark. Historically, Intervacc AB's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.29 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 1.59, Intervacc 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 1.59, based on 696 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. Intervacc AB's current Cyclically Adjusted PB Ratio of 0.61 is 61.5% 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 Intervacc AB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intervacc AB's current Cyclically Adjusted PB Ratio is 0.61, which is 221% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intervacc AB stock overvalued right now?
Intervacc AB (FRA:2E9) has a current Cyclically Adjusted PB Ratio of 0.61. The stock's GF Value™ is €0.08, compared to a current price of €0.09 — trading 14% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.61, which is 221% above median its 10-year median of 0.19 and 61.5% below the Biotechnology industry median of 1.59. Intervacc AB's overall GF Score™ is 63/100 with 5 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 Intervacc AB (FRA:2E9), the current Cyclically Adjusted PB Ratio is 0.61 as of Aug. 05, 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 Intervacc AB (FRA:2E9) Overvalued in 2026?

Based on GuruFocus' analysis, Intervacc AB stock appears to be overvalued. The current stock price of €0.09 is trading 14% above its estimated GF Value™ of €0.08.

Key valuation signals for FRA:2E9:

  • Cyclically Adjusted PB Ratio: 0.61 (221% above median its 10-year median of 0.19)
  • GF Value™: €0.08 vs. price of €0.09 (14% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 61.5% below the Biotechnology median (#127 of 696)

No single metric tells the full story. See the FRA:2E9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Intervacc AB Business Description

Other Exchanges IVACC:Sweden
Address Vastertorpsvagen 135, Hagersten, Stockholm, SWE, S-129 44
Intervacc AB is a biotechnology company. It develops new vaccines based on recombinant proteins to meet the increasing need for effective vaccines in animal health care. The company through its subsidiary focuses on diagnostics in the Swedish animal health market and offers bacteriological and mycological analyses on the Swedish market.
63GF Score

Get the complete analysis for FRA:2E9

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

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