GTBP (GT Biopharma) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

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Director of Data and Quant Analytics at GuruFocus
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GTBP GT Biopharma Inc GTBP
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What is GT Biopharma Cyclically Adjusted PB Ratio?

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GT Biopharma  (NAS:GTBP) 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.


GT Biopharma Cyclically Adjusted PB Ratio Related Terms


GT Biopharma Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for GT Biopharma'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.

GT Biopharma Cyclically Adjusted PB Ratio Chart

GT Biopharma Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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GT Biopharma 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 0.00 0.00 0.00 0.00 0.00

GTBP vs GDTC, KALA, INAB: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, GT Biopharma'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.


GT Biopharma Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


GTBP
21GF Score
GT Biopharma Inc GTBP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GT Biopharma 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.

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

For example, GT Biopharma'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)
=0.08/333.9520*333.9520
=0.080

Current CPI (Jun. 2026) = 333.9520.

GT Biopharma Quarterly Data

Book Value per Share CPI Adj_Book
201609 -6.857 241.428 -9.485
201612 -7.548 241.432 -10.440
201703 -17,944.000 243.801 -24,579.205
201706 -19,918.000 244.955 -27,154.604
201709 2,590.663 246.819 3,505.229
201712 2,569.959 246.524 3,481.377
201803 2,575.755 249.554 3,446.863
201806 2,512.541 251.989 3,329.781
201809 137.551 252.439 181.966
201812 116.535 251.233 154.904
201903 100.822 254.202 132.453
201906 88.757 256.143 115.719
201909 -138.321 256.759 -179.906
201912 -139.737 256.974 -181.596
202003 -149.920 258.115 -193.968
202006 -184.831 257.797 -239.431
202009 -194.954 260.280 -250.136
202012 -169.172 260.474 -216.894
202103 35.358 264.877 44.579
202106 38.869 271.696 47.775
202109 31.508 274.310 38.359
202112 20.495 278.802 24.549
202203 16.501 287.504 19.167
202206 15.092 296.311 17.009
202209 14.717 296.808 16.559
202212 10.754 296.797 12.100
202303 10.620 301.836 11.750
202306 8.680 305.109 9.501
202309 7.244 307.789 7.860
202312 5.413 306.746 5.893
202403 3.846 312.332 4.112
202406 2.465 314.175 2.620
202409 0.938 315.301 0.993
202412 -0.748 315.605 -0.791
202503 -0.387 319.799 -0.404
202506 0.874 322.561 0.905
202509 0.496 324.800 0.510
202512 0.227 324.054 0.234
202603 0.215 330.213 0.217
202606 0.080 333.952 0.080

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.


GT Biopharma Business Description

Address 315 Montgomery Street, 10th Floor, San Francisco, CA, USA, 94104
GT Biopharma Inc is a clinical-stage biopharmaceutical company focused on the development and commercialization of novel immuno-oncology products in the United States. The company is engaged in discovering, developing, and commercializing therapeutics from its proprietary product platform across various disease areas, mainly focused on the treatment of cancer. Its TriKE (Tri-specific Killer Engager) platform offers immuno-oncology products designed to treat hematologic malignancies, sarcoma, and solid tumors.
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