Armata Pharmaceuticals (FRA:TG1N) Cyclically Adjusted PB Ratio: 0.35 (As of Aug. 31, 2026) — 3400% Above Median

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FRA:TG1N Armata Pharmaceuticals Inc FRA:TG1N
29 GF Score
Price €4.62
! 5 Warning Signs
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What is Armata Pharmaceuticals Cyclically Adjusted PB Ratio?

Armata Pharmaceuticals FRA:TG1N -0.43% 29 Cyclically Adjusted PB Ratio is 0.35 as of Aug. 31, 2026, which is 3400% above its 10-year median of 0.01. GuruFocus rates FRA:TG1N with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 681 Biotechnology companies, Armata Pharmaceuticals ranks better than 78.71% on this metric.

As of today (2026-08-31), Armata Pharmaceuticals's current share price is €4.62. Armata Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €13.04. Armata Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 0.35.

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

FRA:TG1N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.36
Current: 0.36

During the past years, Armata Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 0.36. The lowest was 0.01. And the median was 0.01.

FRA:TG1N's Cyclically Adjusted PB Ratio is ranked better than
78.71% of 681 companies
in the Biotechnology industry
Industry Median: 1.64 vs FRA:TG1N: 0.36

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.

Armata Pharmaceuticals's adjusted book value per share data for the three months ended in Jun. 2026 was €-5.402. 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 €13.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armata Pharmaceuticals  (FRA:TG1N) 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.


Armata Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Armata Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Armata 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.

Armata Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Armata Pharmaceuticals 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 0.09 0.17 0.09 0.03 0.20

Armata Pharmaceuticals 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 0.04 0.07 0.20 0.42 0.43

FRA:TG1N vs ACOG, NKTX, CUE: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Armata 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.


Armata Pharmaceuticals Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


FRA:TG1N
29GF Score
Armata Pharmaceuticals Inc FRA:TG1N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Armata 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.62/13.04
=0.35

* 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.

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

For example, Armata Pharmaceuticals'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)
=-5.402/333.9520*333.9520
=-5.402

Current CPI (Jun. 2026) = 333.9520.

Armata Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201609 205.582 241.428 284.369
201612 78.110 241.432 108.043
201703 52.678 243.801 72.157
201706 14.363 244.955 19.581
201709 12.291 246.819 16.630
201712 9.636 246.524 13.053
201803 7.786 249.554 10.419
201806 6.070 251.989 8.044
201809 4.994 252.439 6.607
201812 3.229 251.233 4.292
201903 1.875 254.202 2.463
201906 2.011 256.143 2.622
201909 1.657 256.759 2.155
201912 1.324 256.974 1.721
202003 1.625 258.115 2.102
202006 1.412 257.797 1.829
202009 1.120 260.280 1.437
202012 0.829 260.474 1.063
202103 1.146 264.877 1.445
202106 0.953 271.696 1.171
202109 0.809 274.310 0.985
202112 0.829 278.802 0.993
202203 1.547 287.504 1.797
202206 1.395 296.311 1.572
202209 1.274 296.808 1.433
202212 0.942 296.797 1.060
202303 0.580 301.836 0.642
202306 0.489 305.109 0.535
202309 -0.321 307.789 -0.348
202312 -0.814 306.746 -0.886
202403 -1.439 312.332 -1.539
202406 -1.185 314.175 -1.260
202409 -1.269 315.301 -1.344
202412 -1.267 315.605 -1.341
202503 -1.375 319.799 -1.436
202506 -1.665 322.561 -1.724
202509 -2.248 324.800 -2.311
202512 -5.124 324.054 -5.281
202603 -7.355 330.213 -7.438
202606 -5.402 333.952 -5.402

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 0.35 mean?
Armata Pharmaceuticals (FRA:TG1N) has a Cyclically Adjusted PB Ratio of 0.35 as of Aug. 31, 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 Armata Pharmaceuticals and its competitors. This is 3400% above median its historical median of 0.01. Over the past decade, Armata Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.36. According to the industry distribution chart, Armata Pharmaceuticals ranks #145 out of 681 companies in the Biotechnology industry, placing it in the top 21.3%.
Is Armata Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Armata Pharmaceuticals' current Cyclically Adjusted PB Ratio of 0.35 is 3400% above median its 10-year median of 0.01. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.36. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.64. Armata Pharmaceuticals' value of 0.35 is 78.7% below this industry median. Based on the distribution chart, Armata Pharmaceuticals ranks #145 out of 681 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Armata Pharmaceuticals has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Armata Pharmaceuticals' Cyclically Adjusted PB Ratio compare to ACOG and NKTX?
According to the Biotechnology industry distribution chart, Armata Pharmaceuticals ranks #145 out of 681 companies for Cyclically Adjusted PB Ratio. This places Armata Pharmaceuticals in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.64. Armata Pharmaceuticals' value of 0.35 is 78.7% below this benchmark. Historically, Armata Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.36 over the past decade. While the company's 10-year median is 0.01 vs. the industry median of 1.64, Armata Pharmaceuticals 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 1.64, based on 681 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. Armata Pharmaceuticals's current Cyclically Adjusted PB Ratio of 0.35 is 78.7% 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 Armata Pharmaceuticals and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armata Pharmaceuticals's current Cyclically Adjusted PB Ratio is 0.35, which is 3400% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armata Pharmaceuticals stock overvalued right now?
Armata Pharmaceuticals (FRA:TG1N) has a current Cyclically Adjusted PB Ratio of 0.35. The current Cyclically Adjusted PB Ratio is 0.35, which is 3400% above median its 10-year median of 0.01 and 78.7% below the Biotechnology industry median of 1.64. Armata Pharmaceuticals' overall GF Score™ is 29/100 with 5 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 Armata Pharmaceuticals (FRA:TG1N), the current Cyclically Adjusted PB Ratio is 0.35 as of Aug. 31, 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.

Armata Pharmaceuticals Business Description

Other Exchanges ARMP:USATG1N:Germany
Address 5005 McConnell Avenue, Los Angeles, CA, USA, 90066
Armata Pharmaceuticals Inc is a late clinical-stage biotechnology company focused on the development of high-purity and potent, pathogen-specific bacteriophage therapeutics for the treatment of antibiotic-resistant and difficult-to-treat bacterial infections using proprietary bacteriophage-based technology. It has completed three Phase 2 clinical trials to date. The Company operates and manages its business as one reportable operating segment, which is the business of developing pathogen-specific bacteriophage therapeutics for the treatment of antibiotic-resistant and difficult-to-treat acute and chronic bacterial infections using its proprietary bacteriophage-based technology.
29GF 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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