BioGaia AB (FRA:BGLA) Cyclically Adjusted PB Ratio: 8.41 (As of Aug. 24, 2026) — 46% Below Median

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FRA:BGLA BioGaia AB FRA:BGLA
99 GF Score
Price €10.35
GF Value €11.29
Valuation Fairly Valued
! 3 Warning Signs
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What is BioGaia AB Cyclically Adjusted PB Ratio?

BioGaia AB FRA:BGLA -1.05% 99 Cyclically Adjusted PB Ratio is 8.41 as of Aug. 24, 2026, which is 46% below its 10-year median of 15.46. GuruFocus rates FRA:BGLA with a GF Score™ of 99/100 and a GF Value™ of €11.29 (Fairly Valued). The stock has 3 warning signs investors should review. Among 672 Drug Manufacturers companies, BioGaia AB ranks worse than 91.96% on this metric.

As of today (2026-08-24), BioGaia AB's current share price is €10.35. BioGaia AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.23. BioGaia AB's Cyclically Adjusted PB Ratio for today is 8.41.

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

FRA:BGLA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.36   Med: 15.46   Max: 24.51
Current: 8.53

During the past years, BioGaia AB's highest Cyclically Adjusted PB Ratio was 24.51. The lowest was 7.36. And the median was 15.46.

FRA:BGLA's Cyclically Adjusted PB Ratio is ranked worse than
91.96% of 672 companies
in the Drug Manufacturers industry
Industry Median: 1.705 vs FRA:BGLA: 8.53

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.

BioGaia AB's adjusted book value per share data for the three months ended in Jun. 2026 was €0.993. 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 €1.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BioGaia AB  (FRA:BGLA) 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.


BioGaia AB Cyclically Adjusted PB Ratio Related Terms


BioGaia AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BioGaia AB'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.

BioGaia AB Cyclically Adjusted PB Ratio Chart

BioGaia AB 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 14.85 9.15 9.19 9.08 8.09

BioGaia AB 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 8.28 8.27 8.09 8.95 8.60

FRA:BGLA vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, BioGaia AB'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.


BioGaia AB Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


FRA:BGLA
99GF Score
BioGaia AB FRA:BGLA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BioGaia AB 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.

BioGaia AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.35/1.23
=8.41

* 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.

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

For example, BioGaia AB'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)
=0.993/134.6100*134.6100
=0.993

Current CPI (Jun. 2026) = 134.6100.

BioGaia AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.445 101.138 0.592
201612 0.493 102.022 0.650
201703 0.554 102.022 0.731
201706 0.444 102.752 0.582
201709 0.505 103.279 0.658
201712 0.539 103.793 0.699
201803 0.575 103.962 0.745
201806 0.461 104.875 0.592
201809 0.495 105.679 0.631
201812 0.567 105.912 0.721
201903 0.594 105.886 0.755
201906 0.452 106.742 0.570
201909 0.491 107.214 0.616
201912 0.559 107.766 0.698
202003 0.580 106.563 0.733
202006 0.613 107.498 0.768
202009 0.639 107.635 0.799
202012 1.700 108.296 2.113
202103 1.750 108.360 2.174
202106 1.747 108.928 2.159
202109 1.791 110.338 2.185
202112 1.810 112.486 2.166
202203 1.839 114.825 2.156
202206 1.631 118.384 1.855
202209 1.695 122.296 1.866
202212 1.777 126.365 1.893
202303 1.842 127.042 1.952
202306 1.599 129.407 1.663
202309 1.662 130.224 1.718
202312 1.797 131.912 1.834
202403 1.897 132.205 1.932
202406 1.382 132.716 1.402
202409 1.410 132.304 1.435
202412 1.482 132.987 1.500
202503 1.605 132.825 1.627
202506 1.036 133.699 1.043
202509 1.094 133.480 1.103
202512 1.194 133.390 1.205
202603 1.287 133.560 1.297
202606 0.993 134.610 0.993

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 8.41 mean?
BioGaia AB (FRA:BGLA) has a Cyclically Adjusted PB Ratio of 8.41 as of Aug. 24, 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 BioGaia AB and its competitors. This is 46% below median its historical median of 15.46. Over the past decade, BioGaia AB's Cyclically Adjusted PB Ratio has ranged from 7.36 to 24.51. According to the industry distribution chart, BioGaia AB ranks #618 out of 672 companies in the Drug Manufacturers industry, placing it in the top 92%.
Is BioGaia AB's Cyclically Adjusted PB Ratio too high?
BioGaia AB's current Cyclically Adjusted PB Ratio of 8.41 is 46% below median its 10-year median of 15.46. Over the past 10 years, this metric has ranged from a low of 7.36 to a high of 24.51. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.71. BioGaia AB's value of 8.41 is 393.3% above this industry median. Based on the distribution chart, BioGaia AB ranks #618 out of 672 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, BioGaia AB has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BioGaia AB's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, BioGaia AB ranks #618 out of 672 companies for Cyclically Adjusted PB Ratio. This places BioGaia AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. BioGaia AB's value of 8.41 is 393.3% above this benchmark. Historically, BioGaia AB's own Cyclically Adjusted PB Ratio has ranged from 7.36 to 24.51 over the past decade. While the company's 10-year median is 15.46 vs. the industry median of 1.71, BioGaia AB 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.71, based on 672 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. BioGaia AB's current Cyclically Adjusted PB Ratio of 8.41 is 393.3% 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 BioGaia AB and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BioGaia AB's current Cyclically Adjusted PB Ratio is 8.41, which is 46% below median its own 10-year median of 15.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BioGaia AB stock overvalued right now?
Based on GuruFocus' analysis, BioGaia AB (FRA:BGLA) is currently considered Fairly Valued. The stock's GF Value™ is €11.29, compared to a current price of €10.35 — trading 8.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.41, which is 46% below median its 10-year median of 15.46 and 393.3% above the Drug Manufacturers industry median of 1.71. BioGaia AB's overall GF Score™ is 99/100 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 BioGaia AB (FRA:BGLA), the current Cyclically Adjusted PB Ratio is 8.41 as of Aug. 24, 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 BioGaia AB (FRA:BGLA) Overvalued in 2026?

Based on GuruFocus' analysis, BioGaia AB stock appears to be undervalued. The current stock price of €10.35 is trading 8.3% below its estimated GF Value™ of €11.29. GuruFocus considers BioGaia AB to be Fairly Valued.

Key valuation signals for FRA:BGLA:

  • Cyclically Adjusted PB Ratio: 8.41 (46% below median its 10-year median of 15.46)
  • GF Value™: €11.29 vs. price of €10.35 (8.3% below fair value)
  • GF Score™: 99/100 with 3 warning signs
  • Industry Position: 393.3% above the Drug Manufacturers median (#618 of 672)

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


BioGaia AB Business Description

Address Kungsbroplan 3A, Stockholm, SWE, SE-112 27
BioGaia AB is a healthcare company engaged in developing, marketing, and selling probiotic products. The company has three operating segments; Paediatrics segment includes drops, gut health tablets, oral rehydration solution (ORS) and cultures to be used as ingredients in licensee products such as infant formula, as well as royalty revenue for pediatric products, Adult Health segment includes gut health tablets, oral health lozenges and cultures as an ingredient in a licensee's dairy products, and Other segment include royalties in respect of development projects, revenue from packaging solutions in the subsidiary CapAble, etc. Geographically, it operates in three regions: EMEA, the Americas, and APAC (Asia-Pacific, Australia, and New Zealand).
99GF Score

Get the complete analysis for FRA:BGLA

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

€10.35
Price
€11.29
GF Value