Cormedix (HAM:19KA) Cyclically Adjusted PB Ratio: 4.72 (As of Jul. 23, 2026) — 14% Above Median

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HAM:19KA Cormedix Inc HAM:19KA
33 GF Score
Price €7.17
! 6 Warning Signs
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What is Cormedix Cyclically Adjusted PB Ratio?

Cormedix HAM:19KA +4.82% 33 Cyclically Adjusted PB Ratio is 4.72 as of Jul. 23, 2026, which is 14% above its 10-year median of 4.13. GuruFocus rates HAM:19KA with a GF Score™ of 33/100. The stock has 6 warning signs investors should review. Among 698 Biotechnology companies, Cormedix ranks worse than 74.21% on this metric.

As of today (2026-07-23), Cormedix's current share price is €7.172. Cormedix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.52. Cormedix's Cyclically Adjusted PB Ratio for today is 4.72.

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

HAM:19KA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 4.13   Max: 15.29
Current: 4.4

During the past years, Cormedix's highest Cyclically Adjusted PB Ratio was 15.29. The lowest was 1.73. And the median was 4.13.

HAM:19KA's Cyclically Adjusted PB Ratio is ranked worse than
74.21% of 698 companies
in the Biotechnology industry
Industry Median: 1.615 vs HAM:19KA: 4.40

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.

Cormedix's adjusted book value per share data for the three months ended in Mar. 2026 was €4.822. 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 €1.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cormedix  (HAM:19KA) 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.


Cormedix Cyclically Adjusted PB Ratio Related Terms


Cormedix Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cormedix'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.

Cormedix Cyclically Adjusted PB Ratio Chart

Cormedix 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 3.56 2.80 2.09 4.20 6.54

Cormedix Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.16 6.63 6.41 6.54 3.76

HAM:19KA vs STTK, ACHV, EIKN: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Cormedix'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.


Cormedix Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


HAM:19KA
33GF Score
Cormedix Inc HAM:19KA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cormedix 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.

Cormedix's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.172/1.52
=4.72

* 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.

Cormedix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Cormedix's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.822/330.2130*330.2130
=4.822

Current CPI (Mar. 2026) = 330.2130.

Cormedix Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.349 241.018 4.588
201609 2.622 241.428 3.586
201612 2.089 241.432 2.857
201703 1.268 243.801 1.717
201706 1.152 244.955 1.553
201709 0.655 246.819 0.876
201712 0.426 246.524 0.571
201803 0.042 249.554 0.056
201806 -0.326 251.989 -0.427
201809 -0.412 252.439 -0.539
201812 0.199 251.233 0.262
201903 0.615 254.202 0.799
201906 0.612 256.143 0.789
201909 1.016 256.759 1.307
201912 0.829 256.974 1.065
202003 0.748 258.115 0.957
202006 0.630 257.797 0.807
202009 0.934 260.280 1.185
202012 1.083 260.474 1.373
202103 1.773 264.877 2.210
202106 1.675 271.696 2.036
202109 1.548 274.310 1.863
202112 1.459 278.802 1.728
202203 1.404 287.504 1.613
202206 1.421 296.311 1.584
202209 1.380 296.808 1.535
202212 1.214 296.797 1.351
202303 1.132 301.836 1.238
202306 0.988 305.109 1.069
202309 1.422 307.789 1.526
202312 1.171 306.746 1.261
202403 0.971 312.332 1.027
202406 0.776 314.175 0.816
202409 0.914 315.301 0.957
202412 1.255 315.605 1.313
202503 1.569 319.799 1.620
202506 2.563 322.561 2.624
202509 4.068 324.800 4.136
202512 4.367 324.054 4.450
202603 4.822 330.213 4.822

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 4.72 mean?
Cormedix (HAM:19KA) has a Cyclically Adjusted PB Ratio of 4.72 as of Jul. 23, 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 Cormedix and its competitors. This is 14% above median its historical median of 4.13. Over the past decade, Cormedix's Cyclically Adjusted PB Ratio has ranged from 1.73 to 15.29. According to the industry distribution chart, Cormedix ranks #518 out of 698 companies in the Biotechnology industry, placing it in the top 74.2%.
Is Cormedix's Cyclically Adjusted PB Ratio too high?
Cormedix's current Cyclically Adjusted PB Ratio of 4.72 is 14% above median its 10-year median of 4.13. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 15.29. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Cormedix's value of 4.72 is 192.3% above this industry median. Based on the distribution chart, Cormedix ranks #518 out of 698 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Cormedix has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Cormedix's Cyclically Adjusted PB Ratio compare to STTK and ACHV?
According to the Biotechnology industry distribution chart, Cormedix ranks #518 out of 698 companies for Cyclically Adjusted PB Ratio. This places Cormedix in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Cormedix's value of 4.72 is 192.3% above this benchmark. Historically, Cormedix's own Cyclically Adjusted PB Ratio has ranged from 1.73 to 15.29 over the past decade. While the company's 10-year median is 4.13 vs. the industry median of 1.62, Cormedix has consistently been above 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 1.62, based on 698 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. Cormedix's current Cyclically Adjusted PB Ratio of 4.72 is 192.3% above 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 Cormedix and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cormedix's current Cyclically Adjusted PB Ratio is 4.72, which is 14% above median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cormedix stock overvalued right now?
Cormedix (HAM:19KA) has a current Cyclically Adjusted PB Ratio of 4.72. The current Cyclically Adjusted PB Ratio is 4.72, which is 14% above median its 10-year median of 4.13 and 192.3% above the Biotechnology industry median of 1.62. Cormedix's overall GF Score™ is 33/100 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 Cormedix (HAM:19KA), the current Cyclically Adjusted PB Ratio is 4.72 as of Jul. 23, 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.

Cormedix Business Description

Other Exchanges CRMD:USA19KA:Germany
Address 389 Interpace Parkway, Suite 450, Parsippany, NJ, USA, 07054
Cormedix Inc is a biopharmaceutical company focused on developing and commercializing therapeutic products for life-threatening diseases and conditions. The Company's focus is on the commercialization of its product, DefenCath, in the United States and other key markets. The group currently operates in a single segment, Drug Product, located in a single geographic location, the United States.
33GF Score

Get the complete analysis for HAM:19KA

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

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