Bioton (FRA:7U5) Cyclically Adjusted PB Ratio: 0.37 (As of Aug. 14, 2026) — 23% Above 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:7U5 Bioton SA FRA:7U5
60 GF Score
Price €0.86
GF Value €1.06
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Bioton Cyclically Adjusted PB Ratio?

Bioton FRA:7U5 -0.23% 60 Cyclically Adjusted PB Ratio is 0.37 as of Aug. 14, 2026, which is 23% above its 10-year median of 0.30. GuruFocus rates FRA:7U5 with a GF Score™ of 60/100 and a GF Value™ of €1.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 692 Biotechnology companies, Bioton ranks better than 79.05% on this metric.

As of today (2026-08-14), Bioton's current share price is €0.862. Bioton's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.34. Bioton's Cyclically Adjusted PB Ratio for today is 0.37.

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

FRA:7U5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.3   Max: 0.44
Current: 0.36

During the past years, Bioton's highest Cyclically Adjusted PB Ratio was 0.44. The lowest was 0.14. And the median was 0.30.

FRA:7U5's Cyclically Adjusted PB Ratio is ranked better than
79.05% of 692 companies
in the Biotechnology industry
Industry Median: 1.62 vs FRA:7U5: 0.36

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.

Bioton's adjusted book value per share data for the three months ended in Mar. 2026 was €1.611. 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 €2.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bioton  (FRA:7U5) 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.


Bioton Cyclically Adjusted PB Ratio Related Terms


Bioton Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bioton'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.

Bioton Cyclically Adjusted PB Ratio Chart

Bioton 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 0.32 0.25 0.28 0.24 0.37

Bioton 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 0.32 0.37 0.41 0.37 0.41

FRA:7U5 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Bioton'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.


Bioton Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


FRA:7U5
60GF Score
Bioton SA FRA:7U5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bioton 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.

Bioton's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.862/2.34
=0.37

* 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.

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

For example, Bioton'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)
=1.611/163.0700*163.0700
=1.611

Current CPI (Mar. 2026) = 163.0700.

Bioton Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.320 99.552 3.800
201609 2.287 99.064 3.765
201612 2.177 100.366 3.537
201703 2.223 101.018 3.589
201706 2.169 101.180 3.496
201709 2.159 101.343 3.474
201712 2.026 102.564 3.221
201803 2.157 102.564 3.429
201806 2.239 103.378 3.532
201809 2.234 103.378 3.524
201812 1.950 103.785 3.064
201903 2.014 104.274 3.150
201906 1.715 105.983 2.639
201909 1.700 105.983 2.616
201912 1.602 107.123 2.439
202003 1.609 109.076 2.405
202006 1.638 109.402 2.442
202009 1.644 109.320 2.452
202012 1.696 109.565 2.524
202103 1.682 112.658 2.435
202106 1.692 113.960 2.421
202109 1.704 115.588 2.404
202112 1.654 119.088 2.265
202203 1.695 125.031 2.211
202206 1.674 131.705 2.073
202209 1.668 135.531 2.007
202212 1.653 139.113 1.938
202303 1.658 145.950 1.852
202306 1.662 147.009 1.844
202309 1.650 146.113 1.841
202312 1.659 147.741 1.831
202403 1.646 149.044 1.801
202406 1.638 150.997 1.769
202409 1.629 153.439 1.731
202412 1.616 154.660 1.704
202503 1.600 157.021 1.662
202506 1.609 157.509 1.666
202509 1.620 158.000 1.672
202512 1.625 158.320 1.674
202603 1.611 163.070 1.611

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 0.37 mean?
Bioton (FRA:7U5) has a Cyclically Adjusted PB Ratio of 0.37 as of Aug. 14, 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 Bioton and its competitors. This is 23% above median its historical median of 0.30. Over the past decade, Bioton's Cyclically Adjusted PB Ratio has ranged from 0.14 to 0.44. According to the industry distribution chart, Bioton ranks #145 out of 692 companies in the Biotechnology industry, placing it in the top 21%.
Is Bioton's Cyclically Adjusted PB Ratio too high?
Bioton's current Cyclically Adjusted PB Ratio of 0.37 is 23% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.44. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Bioton's value of 0.37 is 77.2% below this industry median. Based on the distribution chart, Bioton ranks #145 out of 692 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Bioton has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bioton's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Bioton ranks #145 out of 692 companies for Cyclically Adjusted PB Ratio. This places Bioton in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.62. Bioton's value of 0.37 is 77.2% below this benchmark. Historically, Bioton's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 0.44 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 1.62, Bioton 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 692 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. Bioton's current Cyclically Adjusted PB Ratio of 0.37 is 77.2% 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 Bioton 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. Bioton's current Cyclically Adjusted PB Ratio is 0.37, which is 23% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bioton stock overvalued right now?
Based on GuruFocus' analysis, Bioton (FRA:7U5) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.06, compared to a current price of €0.86 — trading 18.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.37, which is 23% above median its 10-year median of 0.30 and 77.2% below the Biotechnology industry median of 1.62. Bioton's overall GF Score™ is 60/100 with 3 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 Bioton (FRA:7U5), the current Cyclically Adjusted PB Ratio is 0.37 as of Aug. 14, 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 Bioton (FRA:7U5) Overvalued in 2026?

Based on GuruFocus' analysis, Bioton stock appears to be undervalued. The current stock price of €0.86 is trading 18.7% below its estimated GF Value™ of €1.06. GuruFocus considers Bioton to be Modestly Undervalued.

Key valuation signals for FRA:7U5:

  • Cyclically Adjusted PB Ratio: 0.37 (23% above median its 10-year median of 0.30)
  • GF Value™: €1.06 vs. price of €0.86 (18.7% below fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 77.2% below the Biotechnology median (#145 of 692)

No single metric tells the full story. See the FRA:7U5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bioton Business Description

Other Exchanges BIO:Poland
Address Ul. Starościńska 5, Warszawa, POL, 02-516
Bioton SA is a Poland based company engaged in the principal business activity of manufacturing medicines and pharmaceutical preparations and production of pharmaceutical substances. The products of the company include recombinant human insulin in pharmaceutical substance form and as preparations for injections; glimepiride, an oral hypoglycemic drug; and metformin, an oral hypoglycemic drug. Its products line focuses on diet supplements, products for particular nutritional uses and cosmetics dedicated to patients with certain health problems. The group operates in Poland and internationally, of which majority of the revenue is derived from Poland.
60GF Score

Get the complete analysis for FRA:7U5

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

€0.86
Price
€1.06
GF Value