Embla Medical hf (FRA:5IQ) Cyclically Adjusted PB Ratio: 2.28 (As of Aug. 02, 2026) — 51% 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:5IQ Embla Medical hf FRA:5IQ
71 GF Score
Price €3.69
GF Value €4.45
Valuation Modestly Undervalued
View Full Analysis

What is Embla Medical hf Cyclically Adjusted PB Ratio?

Embla Medical hf FRA:5IQ -1.34% 71 Cyclically Adjusted PB Ratio is 2.28 as of Aug. 02, 2026, which is 51% below its 10-year median of 4.65. GuruFocus rates FRA:5IQ with a GF Score™ of 71/100 and a GF Value™ of €4.45 (Modestly Undervalued). Among 520 Medical Devices & Instruments companies, Embla Medical hf ranks worse than 60% on this metric.

As of today (2026-08-02), Embla Medical hf's current share price is €3.69. Embla Medical hf's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.62. Embla Medical hf's Cyclically Adjusted PB Ratio for today is 2.28.

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

FRA:5IQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11   Med: 4.65   Max: 8.12
Current: 2.28

During the past years, Embla Medical hf's highest Cyclically Adjusted PB Ratio was 8.12. The lowest was 2.11. And the median was 4.65.

FRA:5IQ's Cyclically Adjusted PB Ratio is ranked worse than
60% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.8 vs FRA:5IQ: 2.28

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.

Embla Medical hf's adjusted book value per share data for the three months ended in Jun. 2026 was €1.876. 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 €1.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Embla Medical hf  (FRA:5IQ) 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.


Embla Medical hf Cyclically Adjusted PB Ratio Related Terms


Embla Medical hf Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Embla Medical hf'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.

Embla Medical hf Cyclically Adjusted PB Ratio Chart

Embla Medical hf 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 5.21 3.63 2.66 3.18 2.72

Embla Medical hf 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 2.87 2.64 2.72 2.16 2.16

FRA:5IQ vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Embla Medical hf'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.


Embla Medical hf Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


FRA:5IQ
71GF Score
Embla Medical hf FRA:5IQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Embla Medical hf 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.

Embla Medical hf's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.69/1.62
=2.28

* 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.

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

For example, Embla Medical hf'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)
=1.876/161.3100*161.3100
=1.876

Current CPI (Jun. 2026) = 161.3100.

Embla Medical hf Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.946 102.457 1.489
201612 1.011 102.562 1.590
201703 0.959 102.768 1.505
201706 0.969 103.496 1.510
201709 0.940 103.871 1.460
201712 0.987 104.481 1.524
201803 0.945 105.600 1.444
201806 1.004 106.206 1.525
201809 1.028 106.727 1.554
201812 1.108 108.388 1.649
201903 1.104 108.702 1.638
201906 1.146 109.758 1.684
201909 1.181 109.922 1.733
201912 1.204 110.588 1.756
202003 1.159 111.019 1.684
202006 1.114 112.667 1.595
202009 1.109 113.772 1.572
202012 1.115 114.542 1.570
202103 1.152 115.833 1.604
202106 1.179 117.451 1.619
202109 1.223 118.723 1.662
202112 1.303 120.398 1.746
202203 1.349 123.555 1.761
202206 1.384 127.809 1.747
202209 1.447 129.810 1.798
202212 1.428 131.901 1.746
202303 1.440 135.674 1.712
202306 1.456 139.150 1.688
202309 1.505 140.147 1.732
202312 1.531 142.125 1.738
202403 1.577 144.910 1.755
202406 1.635 147.267 1.791
202409 1.654 147.722 1.806
202412 1.738 148.871 1.883
202503 1.730 150.393 1.856
202506 1.693 153.367 1.781
202509 1.726 153.800 1.810
202512 1.778 155.560 1.844
202603 1.821 158.510 1.853
202606 1.876 161.310 1.876

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 2.28 mean?
Embla Medical hf (FRA:5IQ) has a Cyclically Adjusted PB Ratio of 2.28 as of Aug. 02, 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 Embla Medical hf and its competitors. This is 51% below median its historical median of 4.65. Over the past decade, Embla Medical hf's Cyclically Adjusted PB Ratio has ranged from 2.11 to 8.12. According to the industry distribution chart, Embla Medical hf ranks #312 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 60%.
Is Embla Medical hf's Cyclically Adjusted PB Ratio too high?
Embla Medical hf's current Cyclically Adjusted PB Ratio of 2.28 is 51% below median its 10-year median of 4.65. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 8.12. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.80. Embla Medical hf's value of 2.28 is 26.7% above this industry median. Based on the distribution chart, Embla Medical hf ranks #312 out of 520 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Embla Medical hf has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Embla Medical hf's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Embla Medical hf ranks #312 out of 520 companies for Cyclically Adjusted PB Ratio. This places Embla Medical hf in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.80. Embla Medical hf's value of 2.28 is 26.7% above this benchmark. Historically, Embla Medical hf's own Cyclically Adjusted PB Ratio has ranged from 2.11 to 8.12 over the past decade. While the company's 10-year median is 4.65 vs. the industry median of 1.80, Embla Medical hf 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 1.80, 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. Embla Medical hf's current Cyclically Adjusted PB Ratio of 2.28 is 26.7% 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 Embla Medical hf and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Embla Medical hf's current Cyclically Adjusted PB Ratio is 2.28, which is 51% below median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Embla Medical hf stock overvalued right now?
Based on GuruFocus' analysis, Embla Medical hf (FRA:5IQ) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.45, compared to a current price of €3.69 — trading 17.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.28, which is 51% below median its 10-year median of 4.65 and 26.7% above the Medical Devices & Instruments industry median of 1.80. Embla Medical hf's overall GF Score™ is 71/100. 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 Embla Medical hf (FRA:5IQ), the current Cyclically Adjusted PB Ratio is 2.28 as of Aug. 02, 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 Embla Medical hf (FRA:5IQ) Overvalued in 2026?

Based on GuruFocus' analysis, Embla Medical hf stock appears to be undervalued. The current stock price of €3.69 is trading 17.1% below its estimated GF Value™ of €4.45. GuruFocus considers Embla Medical hf to be Modestly Undervalued.

Key valuation signals for FRA:5IQ:

  • Cyclically Adjusted PB Ratio: 2.28 (51% below median its 10-year median of 4.65)
  • GF Value™: €4.45 vs. price of €3.69 (17.1% below fair value)
  • GF Score™: 71/100
  • Industry Position: 26.7% above the Medical Devices & Instruments median (#312 of 520)

No single metric tells the full story. See the FRA:5IQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Embla Medical hf Business Description

Other Exchanges 0FIW:UKEMBLA:Denmark
Address Grjothals 5, Reykjavik, ISL
Embla Medical hf operates as an orthopedic products company specializing in the design, development, manufacturing and sales of prosthetics and bracing & supports products. The company also provides patient care through a network of Orthotic and Prosthetic (O&P) facilities. It sells its products in multiple countries, with Europe and North America representing its principal markets. The company operates within three business segments: Prosthetics & Neuro Orthotics, Bracing & Supports and Patient Care. The majority of the company's revenue is derived from the Prosthetics & Neuro Orthotics, which includes products designed for users with varying mobility needs, ranging from lower-activity applications to solutions intended for more active use.
71GF Score

Get the complete analysis for FRA:5IQ

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

€3.69
Price
€4.45
GF Value