Celon Pharma (FRA:8RP) Cyclically Adjusted PB Ratio: 1.51 (As of Aug. 02, 2026) — 10% 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:8RP Celon Pharma SA FRA:8RP
21 GF Score
Price €4.62
GF Value €5.89
! 3 Warning Signs
View Full Analysis

What is Celon Pharma Cyclically Adjusted PB Ratio?

Celon Pharma FRA:8RP -0.65% 21 Cyclically Adjusted PB Ratio is 1.51 as of Aug. 02, 2026, which is 10% below its 10-year median of 1.68. GuruFocus rates FRA:8RP with a GF Score™ of 21/100 and a GF Value™ of €5.89. The stock has 3 warning signs investors should review. Among 741 Drug Manufacturers companies, Celon Pharma ranks better than 54.12% on this metric.

As of today (2026-08-02), Celon Pharma's current share price is €4.615. Celon Pharma's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.06. Celon Pharma's Cyclically Adjusted PB Ratio for today is 1.51.

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

FRA:8RP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.55   Med: 1.68   Max: 1.91
Current: 1.64

During the past years, Celon Pharma's highest Cyclically Adjusted PB Ratio was 1.91. The lowest was 1.55. And the median was 1.68.

FRA:8RP's Cyclically Adjusted PB Ratio is ranked better than
54.12% of 741 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs FRA:8RP: 1.64

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.

Celon Pharma's adjusted book value per share data for the three months ended in Mar. 2026 was €2.280. 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 €3.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Celon Pharma  (FRA:8RP) 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.


Celon Pharma Cyclically Adjusted PB Ratio Related Terms


Celon Pharma Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Celon Pharma'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.

Celon Pharma Cyclically Adjusted PB Ratio Chart

Celon Pharma 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 1.66

Celon Pharma 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 1.79 1.66 1.57

FRA:8RP vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Celon Pharma'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.


Celon Pharma Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Celon Pharma's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:8RP
21GF Score
Celon Pharma SA FRA:8RP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celon Pharma 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.

Celon Pharma's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.615/3.06
=1.51

* 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.

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

For example, Celon Pharma'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)
=2.28/163.0700*163.0700
=2.280

Current CPI (Mar. 2026) = 163.0700.

Celon Pharma Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 99.552 0.000
201609 0.000 99.064 0.000
201612 2.077 100.366 3.375
201703 2.103 101.018 3.395
201706 2.160 101.180 3.481
201709 2.191 101.343 3.526
201712 2.270 102.564 3.609
201803 2.309 102.564 3.671
201806 2.311 103.378 3.645
201809 2.339 103.378 3.690
201812 2.316 103.785 3.639
201903 2.349 104.274 3.674
201906 2.282 105.983 3.511
201909 2.296 105.983 3.533
201912 2.297 107.123 3.497
202003 2.196 109.076 3.283
202006 2.284 109.402 3.404
202009 2.290 109.320 3.416
202012 1.778 109.565 2.646
202103 1.916 112.658 2.773
202106 1.890 113.960 2.704
202109 2.895 115.588 4.084
202112 2.756 119.088 3.774
202203 2.417 125.031 3.152
202206 2.290 131.705 2.835
202209 2.236 135.531 2.690
202212 2.182 139.113 2.558
202303 2.131 145.950 2.381
202306 2.122 147.009 2.354
202309 2.092 146.113 2.335
202312 2.026 147.741 2.236
202403 1.951 149.044 2.135
202406 2.089 150.997 2.256
202409 2.226 153.439 2.366
202412 1.920 154.660 2.024
202503 1.809 157.021 1.879
202506 1.660 157.509 1.719
202509 1.678 158.000 1.732
202512 1.566 158.320 1.613
202603 2.280 163.070 2.280

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 1.51 mean?
Celon Pharma (FRA:8RP) has a Cyclically Adjusted PB Ratio of 1.51 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 Celon Pharma and its competitors. This is 10% below median its historical median of 1.68. Over the past decade, Celon Pharma's Cyclically Adjusted PB Ratio has ranged from 1.55 to 1.91. According to the industry distribution chart, Celon Pharma ranks #340 out of 741 companies in the Drug Manufacturers industry, placing it in the top 45.9%.
Is Celon Pharma's Cyclically Adjusted PB Ratio too high?
Celon Pharma's current Cyclically Adjusted PB Ratio of 1.51 is 10% below median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 1.91. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Celon Pharma's value of 1.51 is 15.6% below this industry median. Based on the distribution chart, Celon Pharma ranks #340 out of 741 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Celon Pharma has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Celon Pharma's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Celon Pharma ranks #340 out of 741 companies for Cyclically Adjusted PB Ratio. This puts Celon Pharma in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Celon Pharma's value of 1.51 is 15.6% below this benchmark. Historically, Celon Pharma's own Cyclically Adjusted PB Ratio has ranged from 1.55 to 1.91 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 1.79, Celon Pharma 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 741 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. Celon Pharma's current Cyclically Adjusted PB Ratio of 1.51 is 15.6% 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 Celon Pharma and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celon Pharma's current Cyclically Adjusted PB Ratio is 1.51, which is 10% below median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celon Pharma stock overvalued right now?
Celon Pharma (FRA:8RP) has a current Cyclically Adjusted PB Ratio of 1.51. The stock's GF Value™ is €5.89, compared to a current price of €4.62 — trading 21.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.51, which is 10% below median its 10-year median of 1.68 and 15.6% below the Drug Manufacturers industry median of 1.79. Celon Pharma's overall GF Score™ is 21/100 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 Celon Pharma (FRA:8RP), the current Cyclically Adjusted PB Ratio is 1.51 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 Celon Pharma (FRA:8RP) Overvalued in 2026?

Based on GuruFocus' analysis, Celon Pharma stock appears to be undervalued. The current stock price of €4.62 is trading 21.6% below its estimated GF Value™ of €5.89.

Key valuation signals for FRA:8RP:

  • Cyclically Adjusted PB Ratio: 1.51 (10% below median its 10-year median of 1.68)
  • GF Value™: €5.89 vs. price of €4.62 (21.6% below fair value)
  • GF Score™: 21/100 with 3 warning signs
  • Industry Position: 15.6% below the Drug Manufacturers median (#340 of 741)

No single metric tells the full story. See the FRA:8RP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Celon Pharma Business Description

Other Exchanges CLN:Poland
Address Ogrodowa 2A, Kielpin, Lomianki, POL, 05-092
Celon Pharma SA is a Poland based company engages in the research of therapeutic solutions and development, production, distribution, and marketing of specialized generic products. It invests in the development of innovative pharmaceuticals with potential applications in the treatment of cancer, neurological diseases, diabetes and other metabolic disorders. Its products portfolio comprises pills, such as Aromek, Bosentan Celon, Donepex, Ketrel, Lazivir, and Valzek, as well as inhalation powder.
21GF Score

Get the complete analysis for FRA:8RP

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

€4.62
Price
€5.89
GF Value