Enzymatica AB (FRA:EN9) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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:EN9 Enzymatica AB FRA:EN9
57 GF Score
Price €0.14
GF Value €0.16
! 3 Warning Signs
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What is Enzymatica AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enzymatica AB  (FRA:EN9) 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.


Enzymatica AB Cyclically Adjusted PB Ratio Related Terms


Enzymatica AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enzymatica 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.

Enzymatica AB Cyclically Adjusted PB Ratio Chart

Enzymatica 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 6.76 3.19 2.37 1.08 1.63

Enzymatica 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 2.30 1.90 1.63 2.60 2.15

FRA:EN9 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Enzymatica 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.


Enzymatica AB Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


FRA:EN9
57GF Score
Enzymatica AB FRA:EN9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enzymatica 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.

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

For example, Enzymatica 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)
=0.037/134.6100*134.6100
=0.037

Current CPI (Jun. 2026) = 134.6100.

Enzymatica AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.164 101.138 0.218
201612 0.147 102.022 0.194
201703 0.135 102.022 0.178
201706 0.123 102.752 0.161
201709 0.119 103.279 0.155
201712 0.111 103.793 0.144
201803 0.098 103.962 0.127
201806 0.082 104.875 0.105
201809 0.073 105.679 0.093
201812 0.102 105.912 0.130
201903 0.092 105.886 0.117
201906 0.081 106.742 0.102
201909 0.075 107.214 0.094
201912 0.073 107.766 0.091
202003 0.071 106.563 0.090
202006 0.068 107.498 0.085
202009 0.066 107.635 0.083
202012 0.069 108.296 0.086
202103 0.063 108.360 0.078
202106 0.085 108.928 0.105
202109 0.082 110.338 0.100
202112 0.075 112.486 0.090
202203 0.064 114.825 0.075
202206 0.054 118.384 0.061
202209 0.077 122.296 0.085
202212 0.064 126.365 0.068
202303 0.056 127.042 0.059
202306 0.048 129.407 0.050
202309 0.045 130.224 0.047
202312 0.039 131.912 0.040
202403 0.039 132.205 0.040
202406 0.033 132.716 0.033
202409 0.078 132.304 0.079
202412 0.064 132.987 0.065
202503 0.060 132.825 0.061
202506 0.053 133.699 0.053
202509 0.051 133.480 0.051
202512 0.047 133.380 0.047
202603 0.042 133.550 0.042
202606 0.037 134.610 0.037

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.

Is Enzymatica AB (FRA:EN9) Overvalued in 2026?

Based on GuruFocus' analysis, Enzymatica AB stock appears to be undervalued. The current stock price of €0.14 is trading 15.6% below its estimated GF Value™ of €0.16.

Key valuation signals for FRA:EN9:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.16 vs. price of €0.14 (15.6% below fair value)
  • GF Score™: 57/100 with 3 warning signs

No single metric tells the full story. See the FRA:EN9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enzymatica AB Business Description

Other Exchanges ENZY:Sweden
Address Scheelevagen 19, Delta 5, Ideon Science Park, Lund, SWE, SE-223 70
Enzymatica AB is a life science company that develops and sells medical devices against infectious diseases, based on a barrier technology, which includes marine enzymes. Its product ColdZyme Mouth Spray prevents cold and reduces disease period.
57GF Score

Get the complete analysis for FRA:EN9

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

€0.14
Price
€0.16
GF Value