Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Axsome TherapeuticsMEX:AZSM 30 Cyclically Adjusted PB Ratio is 109.28 as of Aug. 15, 2026, which is 121% above its 10-year median of 49.54. GuruFocus rates MEX:AZSM with a GF Score™ of 30/100. The stock has 1 warning sign investors should review. Among 692 Biotechnology companies, Axsome Therapeutics ranks worse than 98.99% on this metric.
The historical rank and industry rank for Axsome Therapeutics's Cyclically Adjusted PB Ratio or its related term are showing as below:
MEX:AZSM'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 32.96 Med: 49.54 Max: 113.92
Current: 95.32
During the past years, Axsome Therapeutics's highest Cyclically Adjusted PB Ratio was 113.92. The lowest was 32.96. And the median was 49.54.
MEX:AZSM's Cyclically Adjusted PB Ratio is ranked worse than 98.99% of 692
companies
in the Biotechnology industry
Industry Median: 1.62
vs MEX:AZSM: 95.32
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.
Axsome Therapeutics's adjusted book value per share data for the three months ended in Jun. 2026 was MXN27.793. 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 MXN13.90 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Axsome Therapeutics (MEX:AZSM) 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.
Axsome Therapeutics Cyclically Adjusted PB Ratio Related Terms
Axsome Therapeutics Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Axsome Therapeutics'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.
Axsome Therapeutics Cyclically Adjusted PB Ratio Chart
MEX:AZSM vs MDGL, ARWR, BMRN: Cyclically Adjusted PB Ratio Comparison
For the Biotechnology subindustry, Axsome Therapeutics'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.
Axsome Therapeutics Cyclically Adjusted PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Axsome Therapeutics's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Axsome Therapeutics's Cyclically Adjusted PB Ratio falls into.
Axsome Therapeutics 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.
Axsome Therapeutics's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 109.28 mean?
Axsome Therapeutics (MEX:AZSM) has a Cyclically Adjusted PB Ratio of 109.28 as of Aug. 15, 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 Axsome Therapeutics and its competitors. This is 121% above median its historical median of 49.54. Over the past decade, Axsome Therapeutics' Cyclically Adjusted PB Ratio has ranged from 32.96 to 113.92. According to the industry distribution chart, Axsome Therapeutics ranks #685 out of 692 companies in the Biotechnology industry, placing it in the top 99%.
Is Axsome Therapeutics' Cyclically Adjusted PB Ratio too high?
Axsome Therapeutics' current Cyclically Adjusted PB Ratio of 109.28 is 121% above median its 10-year median of 49.54. Over the past 10 years, this metric has ranged from a low of 32.96 to a high of 113.92. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Axsome Therapeutics' value of 109.28 is 6645.7% above this industry median. Based on the distribution chart, Axsome Therapeutics ranks #685 out of 692 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Axsome Therapeutics has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Axsome Therapeutics' Cyclically Adjusted PB Ratio compare to MDGL and ARWR?
According to the Biotechnology industry distribution chart, Axsome Therapeutics ranks #685 out of 692 companies for Cyclically Adjusted PB Ratio. This places Axsome Therapeutics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Axsome Therapeutics' value of 109.28 is 6645.7% above this benchmark. Historically, Axsome Therapeutics' own Cyclically Adjusted PB Ratio has ranged from 32.96 to 113.92 over the past decade. While the company's 10-year median is 49.54 vs. the industry median of 1.62, Axsome Therapeutics 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 692 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. Axsome Therapeutics's current Cyclically Adjusted PB Ratio of 109.28 is 6645.7% 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 Axsome Therapeutics 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. Axsome Therapeutics's current Cyclically Adjusted PB Ratio is 109.28, which is 121% above median its own 10-year median of 49.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axsome Therapeutics stock overvalued right now?
Axsome Therapeutics (MEX:AZSM) has a current Cyclically Adjusted PB Ratio of 109.28. The current Cyclically Adjusted PB Ratio is 109.28, which is 121% above median its 10-year median of 49.54 and 6645.7% above the Biotechnology industry median of 1.62. Axsome Therapeutics' overall GF Score™ is 30/100 with 1 warning sign 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 Axsome Therapeutics (MEX:AZSM), the current Cyclically Adjusted PB Ratio is 109.28 as of Aug. 15, 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.
Axsome Therapeutics Inc is a clinical-stage biopharmaceutical company. It is engaged in developing novel therapies for the management of the central nervous system, or CNS, disorders for which there are limited treatment options. Its pipeline products include AXS-05, AXS-07, AXS-12, and AXS-14. It manages its business as one operating segment and reporting unit, which is the business of developing and delivering novel therapies for the management of CNS disorders.
30GF Score
Get the complete analysis for MEX:AZSM
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:AZSM has been successfully added to your 
