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Observe Medical ASAFRA:OM50 -0.48%29 Cyclically Adjusted PB Ratio is 0.21 as of Aug. 08, 2026, which is 5% above its 10-year median of 0.20. GuruFocus rates FRA:OM50 with a GF Score™ of 29/100 and a GF Value™ of €0.02. The stock has 3 warning signs investors should review. Among 520 Medical Devices & Instruments companies, Observe Medical ASA ranks better than 93.65% on this metric.
The historical rank and industry rank for Observe Medical ASA's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:OM50'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.2 Max: 0.22
Current: 0.18
During the past 10 years, Observe Medical ASA's highest Cyclically Adjusted PB Ratio was 0.22. The lowest was 0.12. And the median was 0.20.
FRA:OM50's Cyclically Adjusted PB Ratio is ranked better than 93.65% of 520
companies
in the Medical Devices & Instruments industry
Industry Median: 1.755
vs FRA:OM50: 0.18
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.
Observe Medical ASA's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.019. 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 €0.40 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Observe Medical ASA (FRA:OM50) 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.
Observe Medical ASA Cyclically Adjusted PB Ratio Related Terms
Observe Medical ASA Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Observe Medical ASA'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.
Observe Medical ASA Cyclically Adjusted PB Ratio Chart
FRA:OM50 vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison
For the Medical Devices subindustry, Observe Medical ASA'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.
Observe Medical ASA Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Observe Medical ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Observe Medical ASA's Cyclically Adjusted PB Ratio falls into.
Observe Medical ASA 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.
Observe Medical ASA's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.21 mean?
Observe Medical ASA (FRA:OM50) has a Cyclically Adjusted PB Ratio of 0.21 as of Aug. 08, 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 Observe Medical ASA and its competitors. This is near median its historical median of 0.20. Over the past decade, Observe Medical ASA's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.22. According to the industry distribution chart, Observe Medical ASA ranks #33 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 6.3%.
Is Observe Medical ASA's Cyclically Adjusted PB Ratio too high?
Observe Medical ASA's current Cyclically Adjusted PB Ratio of 0.21 is near median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.22. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.76. Observe Medical ASA's value of 0.21 is 88% below this industry median. Based on the distribution chart, Observe Medical ASA ranks #33 out of 520 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Observe Medical ASA has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Observe Medical ASA's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Observe Medical ASA ranks #33 out of 520 companies for Cyclically Adjusted PB Ratio. This places Observe Medical ASA in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.76. Observe Medical ASA's value of 0.21 is 88% below this benchmark. Historically, Observe Medical ASA's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.22 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.76, Observe Medical ASA 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.76, based on 520 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. Observe Medical ASA's current Cyclically Adjusted PB Ratio of 0.21 is 88% 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 Observe Medical ASA and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Observe Medical ASA's current Cyclically Adjusted PB Ratio is 0.21, which is near median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Observe Medical ASA stock overvalued right now?
Observe Medical ASA (FRA:OM50) has a current Cyclically Adjusted PB Ratio of 0.21. The stock's GF Value™ is €0.02, compared to a current price of €0.08 — trading 312% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is near median its 10-year median of 0.20 and 88% below the Medical Devices & Instruments industry median of 1.76. Observe Medical ASA's overall GF Score™ is 29/100 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 Observe Medical ASA (FRA:OM50), the current Cyclically Adjusted PB Ratio is 0.21 as of Aug. 08, 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 Observe Medical ASA (FRA:OM50) Overvalued in 2026?
Based on GuruFocus' analysis, Observe Medical ASA stock appears to be overvalued.
The current stock price of €0.08 is trading 312% above its estimated GF Value™ of €0.02.
Key valuation signals for FRA:OM50:
Cyclically Adjusted PB Ratio: 0.21 (near median its 10-year median of 0.20)
GF Value™: €0.02 vs. price of €0.08 (312% above fair value)
Industry Position: 88% below the Medical Devices & Instruments median (#33 of 520)
No single metric tells the full story. See the FRA:OM50 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Observe Medical ASA is a Nordic medtech company focused on the development, commercialization, and scaling of medical technologies for the healthcare markets. The company's portfolio of proprietary products consists of: Sippi, a CE marked digitalized system for urine output measurement, the UnoMeter portfolio consisting of manual urine output measurement products and solutions for measuring intra-abdominal pressure. The company operates internationally through subsidiaries in Norway, Sweden and Denmark.
29GF Score
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