Vitrolife AB (FRA:VTFN) Cyclically Adjusted PB Ratio: 1.52 (As of Sep. 05, 2026) — 93% Below Median

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FRA:VTFN Vitrolife AB FRA:VTFN
76 GF Score
Price €8.30
GF Value €13.00
Valuation Possible Value Trap
! 6 Warning Signs
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What is Vitrolife AB Cyclically Adjusted PB Ratio?

Vitrolife AB FRA:VTFN +0.67% 76 Cyclically Adjusted PB Ratio is 1.52 as of Sep. 05, 2026, which is 93% below its 10-year median of 20.54. GuruFocus rates FRA:VTFN with a GF Score™ of 76/100 and a GF Value™ of €13.00 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 514 Medical Devices & Instruments companies, Vitrolife AB ranks better than 55.84% on this metric.

As of today (2026-09-05), Vitrolife AB's current share price is €8.30. Vitrolife AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €5.45. Vitrolife AB's Cyclically Adjusted PB Ratio for today is 1.52.

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

FRA:VTFN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.39   Med: 20.54   Max: 53.22
Current: 1.56

During the past years, Vitrolife AB's highest Cyclically Adjusted PB Ratio was 53.22. The lowest was 1.39. And the median was 20.54.

FRA:VTFN's Cyclically Adjusted PB Ratio is ranked better than
55.84% of 514 companies
in the Medical Devices & Instruments industry
Industry Median: 1.835 vs FRA:VTFN: 1.56

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.

Vitrolife AB's adjusted book value per share data for the three months ended in Jun. 2026 was €5.477. 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 €5.45 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vitrolife AB  (FRA:VTFN) 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.


Vitrolife AB Cyclically Adjusted PB Ratio Related Terms


Vitrolife AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vitrolife 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.

Vitrolife AB Cyclically Adjusted PB Ratio Chart

Vitrolife 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 40.55 6.72 4.78 4.27 2.35

Vitrolife 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 2.54 2.27 2.35 1.58 1.43

FRA:VTFN vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Vitrolife 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.


Vitrolife AB Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Vitrolife AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:VTFN
76GF Score
Vitrolife AB FRA:VTFN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vitrolife 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.30/5.45
=1.52

* 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.

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

For example, Vitrolife 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)
=5.477/134.6100*134.6100
=5.477

Current CPI (Jun. 2026) = 134.6100.

Vitrolife AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.918 101.138 1.222
201612 0.966 102.022 1.275
201703 1.038 102.022 1.370
201706 1.027 102.752 1.345
201709 1.098 103.279 1.431
201712 1.137 103.793 1.475
201803 1.204 103.962 1.559
201806 1.202 104.875 1.543
201809 1.243 105.679 1.583
201812 1.339 105.912 1.702
201903 1.398 105.886 1.777
201906 1.387 106.742 1.749
201909 1.486 107.214 1.866
201912 1.577 107.766 1.970
202003 1.628 106.563 2.056
202006 1.655 107.498 2.072
202009 1.728 107.635 2.161
202012 1.822 108.296 2.265
202103 1.955 108.360 2.429
202106 1.955 108.928 2.416
202109 4.190 110.338 5.112
202112 11.014 112.486 13.180
202203 10.883 114.825 12.758
202206 11.120 118.384 12.644
202209 11.199 122.296 12.327
202212 11.239 126.365 11.972
202303 11.198 127.042 11.865
202306 11.186 129.407 11.636
202309 10.878 130.224 11.244
202312 8.397 131.912 8.569
202403 8.632 132.205 8.789
202406 8.564 132.716 8.686
202409 8.543 132.304 8.692
202412 8.754 132.987 8.861
202503 8.846 132.825 8.965
202506 8.903 133.699 8.964
202509 8.926 133.480 9.002
202512 5.356 133.390 5.405
202603 5.531 133.560 5.574
202606 5.477 134.610 5.477

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 1.52 mean?
Vitrolife AB (FRA:VTFN) has a Cyclically Adjusted PB Ratio of 1.52 as of Sep. 05, 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 Vitrolife AB and its competitors. This is 93% below median its historical median of 20.54. Over the past decade, Vitrolife AB's Cyclically Adjusted PB Ratio has ranged from 1.39 to 53.22. According to the industry distribution chart, Vitrolife AB ranks #227 out of 514 companies in the Medical Devices & Instruments industry, placing it in the top 44.2%.
Is Vitrolife AB's Cyclically Adjusted PB Ratio too high?
Vitrolife AB's current Cyclically Adjusted PB Ratio of 1.52 is 93% below median its 10-year median of 20.54. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 53.22. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.84. Vitrolife AB's value of 1.52 is 17.2% below this industry median. Based on the distribution chart, Vitrolife AB ranks #227 out of 514 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Vitrolife AB has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vitrolife AB's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Vitrolife AB ranks #227 out of 514 companies for Cyclically Adjusted PB Ratio. This puts Vitrolife AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.84. Vitrolife AB's value of 1.52 is 17.2% below this benchmark. Historically, Vitrolife AB's own Cyclically Adjusted PB Ratio has ranged from 1.39 to 53.22 over the past decade. While the company's 10-year median is 20.54 vs. the industry median of 1.84, Vitrolife 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.84, based on 514 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. Vitrolife AB's current Cyclically Adjusted PB Ratio of 1.52 is 17.2% 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 Vitrolife AB and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitrolife AB's current Cyclically Adjusted PB Ratio is 1.52, which is 93% below median its own 10-year median of 20.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitrolife AB stock overvalued right now?
Based on GuruFocus' analysis, Vitrolife AB (FRA:VTFN) is currently considered Possible Value Trap. The stock's GF Value™ is €13.00, compared to a current price of €8.30 — trading 36.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 93% below median its 10-year median of 20.54 and 17.2% below the Medical Devices & Instruments industry median of 1.84. Vitrolife AB's overall GF Score™ is 76/100 with 6 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 Vitrolife AB (FRA:VTFN), the current Cyclically Adjusted PB Ratio is 1.52 as of Sep. 05, 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 Vitrolife AB (FRA:VTFN) Overvalued in 2026?

Based on GuruFocus' analysis, Vitrolife AB stock appears to be undervalued. The current stock price of €8.30 is trading 36.2% below its estimated GF Value™ of €13.00. GuruFocus considers Vitrolife AB to be Possible Value Trap.

Key valuation signals for FRA:VTFN:

  • Cyclically Adjusted PB Ratio: 1.52 (93% below median its 10-year median of 20.54)
  • GF Value™: €13.00 vs. price of €8.30 (36.2% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 17.2% below the Medical Devices & Instruments median (#227 of 514)

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


Vitrolife AB Business Description

Address Box 9080, Gothenburg, SWE, 400 92
Vitrolife AB provides medical devices and genetic testing services intended for the reproductive-health market in the field of reproductive health. The company develops, manufactures, and distributes medical devices and provides genetic testing services for IVF clinics and their patients. Its mission is to support IVF clinics (in vitro fertilization) in enhancing their practice as well as the outcome of a patient's fertility treatment, thereby enabling patients to receive support to navigate the complexities of reproductive health through successful outcomes and patient satisfaction. The company has three geographical segments EMEA, Americas and APAC, out of which it derives maximum revenue from EMEA.
76GF Score

Get the complete analysis for FRA:VTFN

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

€8.30
Price
€13.00
GF Value