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NateraFRA:45E -2.20%77 Cyclically Adjusted PB Ratio is 55.46 as of Aug. 20, 2026, which is 53% above its 10-year median of 36.20. GuruFocus rates FRA:45E with a GF Score™ of 77/100 and a GF Value™ of €178.41 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 130 Medical Diagnostics & Research companies, Natera ranks worse than 98.46% on this metric.
As of today (2026-08-20), Natera's current share price is €266.20. Natera's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.80. Natera's Cyclically Adjusted PB Ratio for today is 55.46.
The historical rank and industry rank for Natera's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:45E'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.84 Med: 36.2 Max: 59.35
Current: 59.35
During the past years, Natera's highest Cyclically Adjusted PB Ratio was 59.35. The lowest was 12.84. And the median was 36.20.
FRA:45E's Cyclically Adjusted PB Ratio is ranked worse than 98.46% of 130
companies
in the Medical Diagnostics & Research industry
Industry Median: 1.775
vs FRA:45E: 59.35
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.
Natera's adjusted book value per share data for the three months ended in Jun. 2026 was €11.009. 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 €4.80 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Natera (FRA:45E) 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.
Natera Cyclically Adjusted PB Ratio Related Terms
Natera Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Natera'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.
FRA:45E vs WAT, A, IQV: Cyclically Adjusted PB Ratio Comparison
For the Diagnostics & Research subindustry, Natera'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.
Natera Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Natera's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Natera's Cyclically Adjusted PB Ratio falls into.
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.
Natera's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 55.46 mean?
Natera (FRA:45E) has a Cyclically Adjusted PB Ratio of 55.46 as of Aug. 20, 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 Natera and its competitors. This is 53% above median its historical median of 36.20. Over the past decade, Natera's Cyclically Adjusted PB Ratio has ranged from 12.84 to 59.35. According to the industry distribution chart, Natera ranks #128 out of 130 companies in the Medical Diagnostics & Research industry, placing it in the top 98.5%.
Is Natera's Cyclically Adjusted PB Ratio too high?
Natera's current Cyclically Adjusted PB Ratio of 55.46 is 53% above median its 10-year median of 36.20. Over the past 10 years, this metric has ranged from a low of 12.84 to a high of 59.35. The Medical Diagnostics & Research industry median Cyclically Adjusted PB Ratio is 1.78. Natera's value of 55.46 is 3024.5% above this industry median. Based on the distribution chart, Natera ranks #128 out of 130 companies in the Medical Diagnostics & Research industry, which is in the bottom quartile relative to peers. Overall, Natera has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natera's Cyclically Adjusted PB Ratio compare to WAT and A?
According to the Medical Diagnostics & Research industry distribution chart, Natera ranks #128 out of 130 companies for Cyclically Adjusted PB Ratio. This places Natera in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Natera's value of 55.46 is 3024.5% above this benchmark. Historically, Natera's own Cyclically Adjusted PB Ratio has ranged from 12.84 to 59.35 over the past decade. While the company's 10-year median is 36.20 vs. the industry median of 1.78, Natera 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 Diagnostics & Research company?
The median Cyclically Adjusted PB Ratio among Medical Diagnostics & Research companies is 1.78, based on 130 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. Natera's current Cyclically Adjusted PB Ratio of 55.46 is 3024.5% 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 Natera and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natera's current Cyclically Adjusted PB Ratio is 55.46, which is 53% above median its own 10-year median of 36.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natera stock overvalued right now?
Based on GuruFocus' analysis, Natera (FRA:45E) is currently considered Significantly Overvalued. The stock's GF Value™ is €178.41, compared to a current price of €266.20 — trading 49.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 55.46, which is 53% above median its 10-year median of 36.20 and 3024.5% above the Medical Diagnostics & Research industry median of 1.78. Natera's overall GF Score™ is 77/100 with 6 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 Natera (FRA:45E), the current Cyclically Adjusted PB Ratio is 55.46 as of Aug. 20, 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 Natera (FRA:45E) Overvalued in 2026?
Based on GuruFocus' analysis, Natera stock appears to be overvalued.
The current stock price of €266.20 is trading 49.2% above its estimated GF Value™ of €178.41.
GuruFocus considers Natera to be Significantly Overvalued.
Key valuation signals for FRA:45E:
Cyclically Adjusted PB Ratio: 55.46 (53% above median its 10-year median of 36.20)
GF Value™: €178.41 vs. price of €266.20 (49.2% above fair value)
Industry Position: 3024.5% above the Medical Diagnostics & Research median (#128 of 130)
No single metric tells the full story. See the FRA:45E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natera Inc is a diagnostic and research company with proprietary molecular and bioinformatics technology. The company's key product offerings include its Panorama Non-Invasive Prenatal Test (NIPT) which screens for chromosomal abnormalities of a fetus as well as in twin pregnancies, typically with a blood draw from the mother, Horizon Carrier Screening (HCS) to determine carrier status for a large number of severe genetic diseases that could be passed on to the carrier's children, Signatera molecular residual disease (MRD) test, which detects circulating tumor DNA in patients previously diagnosed with cancer to assess molecular residual disease and monitor for recurrence; and Prospera, to assess organ transplant rejection.
77GF Score
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