Respiratorius AB (FRA:HF00) Cyclically Adjusted PB Ratio: 0.18 (As of Aug. 28, 2026) — Near Median

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FRA:HF00 Respiratorius AB FRA:HF00
34 GF Score
Price €0.19
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What is Respiratorius AB Cyclically Adjusted PB Ratio?

Respiratorius AB FRA:HF00 -0.80% 34 Cyclically Adjusted PB Ratio is 0.18 as of Aug. 28, 2026, which is 6% above its 10-year median of 0.17. GuruFocus rates FRA:HF00 with a GF Score™ of 34/100. Among 680 Biotechnology companies, Respiratorius AB ranks better than 85% on this metric.

As of today (2026-08-28), Respiratorius AB's current share price is €0.185. Respiratorius AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.04. Respiratorius AB's Cyclically Adjusted PB Ratio for today is 0.18.

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

FRA:HF00' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.17   Max: 0.53
Current: 0.17

During the past years, Respiratorius AB's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.10. And the median was 0.17.

FRA:HF00's Cyclically Adjusted PB Ratio is ranked better than
85% of 680 companies
in the Biotechnology industry
Industry Median: 1.63 vs FRA:HF00: 0.17

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.

Respiratorius AB's adjusted book value per share data for the three months ended in Jun. 2026 was €0.316. 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 €1.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Respiratorius AB  (FRA:HF00) 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.


Respiratorius AB Cyclically Adjusted PB Ratio Related Terms


Respiratorius AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Respiratorius 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.

Respiratorius AB Cyclically Adjusted PB Ratio Chart

Respiratorius 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 0.00 3.25 1.71 0.45 0.12

Respiratorius AB Quarterly Data
Jun21 Sep21 Dec21 Apr22 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 0.56 0.19 0.12 0.10 0.19

FRA:HF00 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Respiratorius 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.


Respiratorius AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


FRA:HF00
34GF Score
Respiratorius AB FRA:HF00
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Respiratorius 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.185/1.04
=0.18

* 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.

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

For example, Respiratorius 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)
=0.316/134.6100*134.6100
=0.316

Current CPI (Jun. 2026) = 134.6100.

Respiratorius AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.033 101.019 1.376
201609 0.925 101.138 1.231
201612 0.826 102.022 1.090
201703 0.758 102.022 1.000
201706 0.660 102.752 0.865
201709 0.596 103.279 0.777
201712 1.700 103.793 2.205
201803 1.412 103.962 1.828
201806 1.307 104.875 1.678
201809 1.222 105.679 1.557
201812 1.171 105.912 1.488
201903 1.062 105.886 1.350
201906 0.978 106.742 1.233
201909 0.900 107.214 1.130
201912 0.871 107.766 1.088
202003 0.739 106.563 0.934
202006 0.666 107.498 0.834
202009 1.438 107.635 1.798
202012 1.406 108.296 1.748
202103 1.298 108.360 1.612
202106 2.170 108.928 2.682
202109 2.671 110.338 3.259
202112 2.383 112.486 2.852
202204 3.068 115.534 3.575
202209 1.070 122.296 1.178
202212 1.068 126.365 1.138
202303 0.976 127.042 1.034
202306 0.887 129.407 0.923
202309 0.837 130.224 0.865
202312 0.810 131.912 0.827
202403 0.748 132.205 0.762
202406 0.753 132.716 0.764
202409 0.556 132.304 0.566
202412 0.513 132.987 0.519
202503 0.503 132.825 0.510
202506 0.468 133.699 0.471
202509 0.371 133.480 0.374
202512 0.356 133.390 0.359
202603 0.339 133.560 0.342
202606 0.316 134.610 0.316

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 0.18 mean?
Respiratorius AB (FRA:HF00) has a Cyclically Adjusted PB Ratio of 0.18 as of Aug. 28, 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 Respiratorius AB and its competitors. This is near median its historical median of 0.17. Over the past decade, Respiratorius AB's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.53. According to the industry distribution chart, Respiratorius AB ranks #102 out of 680 companies in the Biotechnology industry, placing it in the top 15%.
Is Respiratorius AB's Cyclically Adjusted PB Ratio too high?
Respiratorius AB's current Cyclically Adjusted PB Ratio of 0.18 is near median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.53. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.63. Respiratorius AB's value of 0.18 is 89% below this industry median. Based on the distribution chart, Respiratorius AB ranks #102 out of 680 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Respiratorius AB has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Respiratorius AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Respiratorius AB ranks #102 out of 680 companies for Cyclically Adjusted PB Ratio. This places Respiratorius AB in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.63. Respiratorius AB's value of 0.18 is 89% below this benchmark. Historically, Respiratorius AB's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.53 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 1.63, Respiratorius AB 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 1.63, based on 680 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. Respiratorius AB's current Cyclically Adjusted PB Ratio of 0.18 is 89% 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 Respiratorius AB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Respiratorius AB's current Cyclically Adjusted PB Ratio is 0.18, which is near median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Respiratorius AB stock overvalued right now?
Respiratorius AB (FRA:HF00) has a current Cyclically Adjusted PB Ratio of 0.18. The current Cyclically Adjusted PB Ratio is 0.18, which is near median its 10-year median of 0.17 and 89% below the Biotechnology industry median of 1.63. Respiratorius AB's overall GF Score™ is 34/100. 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 Respiratorius AB (FRA:HF00), the current Cyclically Adjusted PB Ratio is 0.18 as of Aug. 28, 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.

Respiratorius AB Business Description

Other Exchanges RESP:Sweden
Address Scheelevagen 2, Medicon Village, Lund, SWE, 223 81
Respiratorius AB develops pharmaceutical drugs to treat the common diseases namely Cancer, Chronic Obstructive Pulmonary Disease (COPD), and asthma as well as better methods for diagnosing cardiovascular diseases. The company's drug candidates includes RCD405, VAL001, RESP2000, RESP3000, RESP9000, and RESP1000.
34GF 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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