LBTSF (Almirall) Cyclically Adjusted PB Ratio: 1.41 (As of Jul. 08, 2026) — Near Median


LBTSF Almirall SA LBTSF
84 GF Score
Price $15.35
GF Value $16.66
! 4 Warning Signs
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What is Almirall Cyclically Adjusted PB Ratio?

Almirall LBTSF 84 Cyclically Adjusted PB Ratio is 1.41 as of Jul. 08, 2026, which is 2% below its 10-year median of 1.44. GuruFocus rates LBTSF with a GF Score™ of 84/100 and a GF Value™ of $16.66. The stock has 4 warning signs investors should review. Among 760 Drug Manufacturers companies, Almirall ranks better than 63.68% on this metric.

As of today (2026-07-08), Almirall's current share price is $15.35. Almirall's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.87. Almirall's Cyclically Adjusted PB Ratio for today is 1.41.

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

LBTSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.44   Max: 2.69
Current: 1.32

During the past years, Almirall's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 0.90. And the median was 1.44.

LBTSF's Cyclically Adjusted PB Ratio is ranked better than
63.68% of 760 companies
in the Drug Manufacturers industry
Industry Median: 1.85 vs LBTSF: 1.32

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.

Almirall's adjusted book value per share data for the three months ended in Mar. 2026 was $8.119. 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 $10.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Almirall  (OTCPK:LBTSF) 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.


Almirall Cyclically Adjusted PB Ratio Related Terms


Almirall Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Almirall'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.

Almirall Cyclically Adjusted PB Ratio Chart

Almirall 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 1.48 1.11 0.99 0.94 1.49

Almirall 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 1.13 1.22 1.34 1.49 1.41

LBTSF vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Almirall'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.


Almirall Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


LBTSF
84GF Score
Almirall SA LBTSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Almirall 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.35/10.87
=1.41

* 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.

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

For example, Almirall'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)
=8.119/129.8600*129.8600
=8.119

Current CPI (Mar. 2026) = 129.8600.

Almirall Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.802 100.333 12.687
201609 9.925 99.737 12.923
201612 9.272 101.842 11.823
201703 9.466 100.896 12.183
201706 8.935 101.848 11.392
201709 9.188 101.524 11.752
201712 7.757 102.975 9.782
201803 8.227 102.122 10.462
201806 7.767 104.165 9.683
201809 8.072 103.818 10.097
201812 7.798 104.193 9.719
201903 7.983 103.488 10.017
201906 7.963 104.612 9.885
201909 8.087 103.905 10.107
201912 8.154 105.015 10.083
202003 8.512 103.469 10.683
202006 8.558 104.254 10.660
202009 8.903 103.521 11.168
202012 8.906 104.456 11.072
202103 9.032 104.857 11.186
202106 8.473 107.102 10.273
202109 8.372 107.669 10.098
202112 8.083 111.298 9.431
202203 8.054 115.153 9.083
202206 7.894 118.044 8.684
202209 7.453 117.221 8.257
202212 7.700 117.650 8.499
202303 7.791 118.948 8.506
202306 7.878 120.278 8.506
202309 7.810 121.343 8.358
202312 7.629 121.300 8.167
202403 7.671 122.762 8.115
202406 7.503 124.409 7.832
202409 7.636 123.121 8.054
202412 7.309 124.753 7.608
202503 7.606 125.531 7.868
202506 7.865 127.251 8.026
202509 8.069 126.840 8.261
202512 8.113 128.400 8.205
202603 8.119 129.860 8.119

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 1.41 mean?
Almirall (LBTSF) has a Cyclically Adjusted PB Ratio of 1.41 as of Jul. 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 Almirall and its competitors. This is near median its historical median of 1.44. Over the past decade, Almirall's Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.69. According to the industry distribution chart, Almirall ranks #276 out of 760 companies in the Drug Manufacturers industry, placing it in the top 36.3%.
Is Almirall's Cyclically Adjusted PB Ratio too high?
Almirall's current Cyclically Adjusted PB Ratio of 1.41 is near median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.69. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.85. Almirall's value of 1.41 is 23.8% below this industry median. Based on the distribution chart, Almirall ranks #276 out of 760 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Almirall has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Almirall's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Almirall ranks #276 out of 760 companies for Cyclically Adjusted PB Ratio. This puts Almirall in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Almirall's value of 1.41 is 23.8% below this benchmark. Historically, Almirall's own Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.69 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 1.85, Almirall 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.85, based on 760 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. Almirall's current Cyclically Adjusted PB Ratio of 1.41 is 23.8% 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 Almirall and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Almirall's current Cyclically Adjusted PB Ratio is 1.41, which is near median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almirall stock overvalued right now?
Almirall (LBTSF) has a current Cyclically Adjusted PB Ratio of 1.41. The stock's GF Value™ is $16.66, compared to a current price of $15.35 — trading 7.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.41, which is near median its 10-year median of 1.44 and 23.8% below the Drug Manufacturers industry median of 1.85. Almirall's overall GF Score™ is 84/100 with 4 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 Almirall (LBTSF), the current Cyclically Adjusted PB Ratio is 1.41 as of Jul. 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 Almirall (LBTSF) Overvalued in 2026?

Based on GuruFocus' analysis, Almirall stock appears to be undervalued. The current stock price of $15.35 is trading 7.9% below its estimated GF Value™ of $16.66.

Key valuation signals for LBTSF:

  • Cyclically Adjusted PB Ratio: 1.41 (near median its 10-year median of 1.44)
  • GF Value™: $16.66 vs. price of $15.35 (7.9% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 23.8% below the Drug Manufacturers median (#276 of 760)

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


Almirall Business Description

Other Exchanges 0O9B:UKALM:SpainE2Z:Germany
Address Ronda General Mitre 151, Barcelona, ESP, 08022
Almirall SA is a skin-health focused pharmaceutical company based in Barcelona and the parent company of a group engaged in the purchase, manufacture, storage, marketing, and mediation in the sale of pharmaceutical specialities and products, as well as related raw materials. The Group applies science to provide medical solutions focused on skin health diseases and partners with healthcare professionals, and its activities also include cosmetics; chemical, biotechnological and diagnostic products for human, veterinary, agrochemical and food use; instruments and accessories for the chemical, pharmaceutical and clinical industry; and research on active chemical and pharmaceutical ingredients and products.
84GF 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.

$15.35
Price
$16.66
GF Value