Ampio Pharmaceuticals (FRA:APH0) Cyclically Adjusted PB Ratio: 0.25 (As of Jul. 19, 2026)

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FRA:APH0 Ampio Pharmaceuticals Inc FRA:APH0
35 GF Score
Price €3.62
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What is Ampio Pharmaceuticals Cyclically Adjusted PB Ratio?

Ampio Pharmaceuticals FRA:APH0 35 Cyclically Adjusted PB Ratio is 0.25 as of Jul. 19, 2026. GuruFocus rates FRA:APH0 with a GF Score™ of 35/100.

As of today (2026-07-19), Ampio Pharmaceuticals's current share price is €3.62. Ampio Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €14.62. Ampio Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 0.25.

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

FRA:APH0's Cyclically Adjusted PB Ratio is not ranked *
in the Biotechnology industry.
Industry Median: 1.605
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Ampio Pharmaceuticals's adjusted book value per share data for the three months ended in Dec. 2023 was €3.699. 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 €14.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ampio Pharmaceuticals  (FRA:APH0) 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.


Ampio Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Ampio Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ampio Pharmaceuticals'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.

Ampio Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Ampio Pharmaceuticals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 8.05 3.74 0.17 0.25

Ampio Pharmaceuticals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.17 0.21 0.27 0.42 0.25

FRA:APH0 vs EFTR, VBIVQ, VRTX: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Ampio Pharmaceuticals'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.


Ampio Pharmaceuticals Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


FRA:APH0
35GF Score
Ampio Pharmaceuticals Inc FRA:APH0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ampio Pharmaceuticals 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.

Ampio Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.62/14.62
=0.25

* 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.

Ampio Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ampio Pharmaceuticals's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.699/306.7460*306.7460
=3.699

Current CPI (Dec. 2023) = 306.7460.

Ampio Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201403 24.322 236.293 31.574
201406 22.741 238.343 29.268
201409 21.886 238.031 28.204
201412 20.632 234.812 26.953
201503 21.432 236.119 27.843
201506 17.596 238.638 22.618
201509 15.395 237.945 19.846
201512 13.063 236.525 16.941
201603 6.188 238.132 7.971
201606 4.497 241.018 5.723
201609 3.046 241.428 3.870
201612 2.200 241.432 2.795
201703 1.640 243.801 2.063
201706 0.974 244.955 1.220
201709 -0.049 246.819 -0.061
201712 -7.215 246.524 -8.978
201803 -1.670 249.554 -2.053
201806 -0.747 251.989 -0.909
201809 0.360 252.439 0.437
201812 0.830 251.233 1.013
201903 -0.075 254.202 -0.091
201906 1.383 256.143 1.656
201909 0.528 256.759 0.631
201912 0.731 256.974 0.873
202003 0.225 258.115 0.267
202006 0.650 257.797 0.773
202009 0.990 260.280 1.167
202012 1.489 260.474 1.754
202103 1.440 264.877 1.668
202106 1.689 271.696 1.907
202109 1.465 274.310 1.638
202112 2.124 278.802 2.337
202203 1.779 287.504 1.898
202206 1.680 296.311 1.739
202209 1.236 296.808 1.277
202212 14.740 296.797 15.234
202303 9.746 301.836 9.905
202306 8.020 305.109 8.063
202309 6.256 307.789 6.235
202312 3.699 306.746 3.699

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 0.25 mean?
Ampio Pharmaceuticals (FRA:APH0) has a Cyclically Adjusted PB Ratio of 0.25 as of Jul. 19, 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 Ampio Pharmaceuticals and its competitors.
Is Ampio Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Ampio Pharmaceuticals' current Cyclically Adjusted PB Ratio is 0.25. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.61. Ampio Pharmaceuticals' value of 0.25 is 84.4% below this industry median. Overall, Ampio Pharmaceuticals has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Ampio Pharmaceuticals' Cyclically Adjusted PB Ratio compare to EFTR and VBIVQ?
Ampio Pharmaceuticals' Cyclically Adjusted PB Ratio of 0.25 can be compared against companies in the Biotechnology industry. The industry median Cyclically Adjusted PB Ratio is 1.61. Ampio Pharmaceuticals' value of 0.25 is 84.4% below this benchmark. 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 1.61, based on 698 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. Ampio Pharmaceuticals's current Cyclically Adjusted PB Ratio of 0.25 is 84.4% 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 Ampio Pharmaceuticals and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ampio Pharmaceuticals's current Cyclically Adjusted PB Ratio is 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ampio Pharmaceuticals stock overvalued right now?
Ampio Pharmaceuticals (FRA:APH0) has a current Cyclically Adjusted PB Ratio of 0.25. The current Cyclically Adjusted PB Ratio is 0.25 and 84.4% below the Biotechnology industry median of 1.61. Ampio Pharmaceuticals' overall GF Score™ is 35/100. 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 Ampio Pharmaceuticals (FRA:APH0), the current Cyclically Adjusted PB Ratio is 0.25 as of Jul. 19, 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.

Ampio Pharmaceuticals Business Description

Address 9800 Mount Pyramid Court, Suite 400, Englewood, CO, USA, 80112
Ampio Pharmaceuticals Inc is a biopharmaceutical company. It is focused on the development of a potential treatment for osteoarthritis of the knee (OAK) as part of its OA-201 development program (OA-201 program or OA-201).
35GF Score

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

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