Halozyme Therapeutics (MEX:HALO) Cyclically Adjusted PB Ratio: 50.47 (As of Jul. 30, 2026) — 12% Above Median

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MEX:HALO Halozyme Therapeutics Inc MEX:HALO
91 GF Score
Price MXN1,470.60
GF Value MXN1,625.74
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Halozyme Therapeutics Cyclically Adjusted PB Ratio?

Halozyme Therapeutics MEX:HALO 91 Cyclically Adjusted PB Ratio is 50.47 as of Jul. 30, 2026, which is 12% above its 10-year median of 45.00. GuruFocus rates MEX:HALO with a GF Score™ of 91/100 and a GF Value™ of MXN1,625.74 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 700 Biotechnology companies, Halozyme Therapeutics ranks worse than 98.29% on this metric.

As of today (2026-07-30), Halozyme Therapeutics's current share price is MXN1470.60. Halozyme Therapeutics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN29.14. Halozyme Therapeutics's Cyclically Adjusted PB Ratio for today is 50.47.

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

MEX:HALO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 25.64   Med: 45   Max: 79.11
Current: 51.94

During the past years, Halozyme Therapeutics's highest Cyclically Adjusted PB Ratio was 79.11. The lowest was 25.64. And the median was 45.00.

MEX:HALO's Cyclically Adjusted PB Ratio is ranked worse than
98.29% of 700 companies
in the Biotechnology industry
Industry Median: 1.58 vs MEX:HALO: 51.94

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.

Halozyme Therapeutics's adjusted book value per share data for the three months ended in Mar. 2026 was MXN33.417. 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 MXN29.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Halozyme Therapeutics  (MEX:HALO) 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.


Halozyme Therapeutics Cyclically Adjusted PB Ratio Related Terms


Halozyme Therapeutics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Halozyme 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.

Halozyme Therapeutics Cyclically Adjusted PB Ratio Chart

Halozyme Therapeutics 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 52.31 63.37 35.97 37.98 43.80

Halozyme Therapeutics 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 46.81 36.31 47.59 43.80 40.29

MEX:HALO vs NUVL, KRYS, IONS: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Halozyme 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.


Halozyme Therapeutics Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


MEX:HALO
91GF Score
Halozyme Therapeutics Inc MEX:HALO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Halozyme 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.

Halozyme Therapeutics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1470.60/29.14
=50.47

* 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.

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

For example, Halozyme Therapeutics'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)
=33.417/330.2130*330.2130
=33.417

Current CPI (Mar. 2026) = 330.2130.

Halozyme Therapeutics Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.418 241.018 1.943
201609 -1.791 241.428 -2.450
201612 -5.171 241.432 -7.073
201703 -8.485 243.801 -11.492
201706 7.409 244.955 9.988
201709 9.232 246.819 12.351
201712 28.659 246.524 38.388
201803 33.468 249.554 44.285
201806 34.732 251.989 45.514
201809 31.028 252.439 40.587
201812 33.767 251.233 44.382
201903 34.702 254.202 45.079
201906 34.248 256.143 44.152
201909 33.073 256.759 42.535
201912 12.659 256.974 16.267
202003 10.054 258.115 12.862
202006 17.831 257.797 22.840
202009 16.154 260.280 20.494
202012 22.252 260.474 28.210
202103 9.637 264.877 12.014
202106 16.765 271.696 20.376
202109 41.086 274.310 49.459
202112 29.384 278.802 34.802
202203 37.581 287.504 43.164
202206 42.838 296.311 47.739
202209 14.429 296.808 16.053
202212 24.493 296.797 27.251
202303 9.015 301.836 9.863
202306 19.637 305.109 21.253
202309 32.862 307.789 35.256
202312 11.222 306.746 12.081
202403 23.202 312.332 24.530
202406 41.904 314.175 44.043
202409 70.087 315.301 73.402
202412 61.620 315.605 64.472
202503 80.104 319.799 82.713
202506 53.268 322.561 54.532
202509 78.656 324.800 79.967
202512 7.462 324.054 7.604
202603 33.417 330.213 33.417

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 50.47 mean?
Halozyme Therapeutics (MEX:HALO) has a Cyclically Adjusted PB Ratio of 50.47 as of Jul. 30, 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 Halozyme Therapeutics and its competitors. This is 12% above median its historical median of 45.00. Over the past decade, Halozyme Therapeutics' Cyclically Adjusted PB Ratio has ranged from 25.64 to 79.11. According to the industry distribution chart, Halozyme Therapeutics ranks #688 out of 700 companies in the Biotechnology industry, placing it in the top 98.3%.
Is Halozyme Therapeutics' Cyclically Adjusted PB Ratio too high?
Halozyme Therapeutics' current Cyclically Adjusted PB Ratio of 50.47 is 12% above median its 10-year median of 45.00. Over the past 10 years, this metric has ranged from a low of 25.64 to a high of 79.11. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.58. Halozyme Therapeutics' value of 50.47 is 3094.3% above this industry median. Based on the distribution chart, Halozyme Therapeutics ranks #688 out of 700 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Halozyme Therapeutics has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Halozyme Therapeutics' Cyclically Adjusted PB Ratio compare to NUVL and KRYS?
According to the Biotechnology industry distribution chart, Halozyme Therapeutics ranks #688 out of 700 companies for Cyclically Adjusted PB Ratio. This places Halozyme Therapeutics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Halozyme Therapeutics' value of 50.47 is 3094.3% above this benchmark. Historically, Halozyme Therapeutics' own Cyclically Adjusted PB Ratio has ranged from 25.64 to 79.11 over the past decade. While the company's 10-year median is 45.00 vs. the industry median of 1.58, Halozyme 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 1.58, based on 700 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. Halozyme Therapeutics's current Cyclically Adjusted PB Ratio of 50.47 is 3094.3% 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 Halozyme Therapeutics and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halozyme Therapeutics's current Cyclically Adjusted PB Ratio is 50.47, which is 12% above median its own 10-year median of 45.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halozyme Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Halozyme Therapeutics (MEX:HALO) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,625.74, compared to a current price of MXN1,470.60 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 50.47, which is 12% above median its 10-year median of 45.00 and 3094.3% above the Biotechnology industry median of 1.58. Halozyme Therapeutics' overall GF Score™ is 91/100 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 Halozyme Therapeutics (MEX:HALO), the current Cyclically Adjusted PB Ratio is 50.47 as of Jul. 30, 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 Halozyme Therapeutics (MEX:HALO) Overvalued in 2026?

Based on GuruFocus' analysis, Halozyme Therapeutics stock appears to be undervalued. The current stock price of MXN1,470.60 is trading 9.5% below its estimated GF Value™ of MXN1,625.74. GuruFocus considers Halozyme Therapeutics to be Modestly Undervalued.

Key valuation signals for MEX:HALO:

  • Cyclically Adjusted PB Ratio: 50.47 (12% above median its 10-year median of 45.00)
  • GF Value™: MXN1,625.74 vs. price of MXN1,470.60 (9.5% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 3094.3% above the Biotechnology median (#688 of 700)

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


Halozyme Therapeutics Business Description

Address 12390 El Camino Real, San Diego, CA, USA, 92130
Halozyme Therapeutics Inc is a biotechnology company focused on developing and commercializing novel oncology therapies. The company seeks to create therapies focused on human enzymes that alter tumors. Halozyme focuses on developing its proprietary products in therapeutic areas with a focus on oncology, and licensing its technology to biopharmaceutical companies to collaboratively develop products. ENHANZE drug delivery technology was introduced with the proprietary enzyme rHuPH20, to facilitate the subcutaneous delivery of injected drugs and fluids, with the goal of improving the patient experience with rapid SC delivery and reduced treatment burden. The company's operations are based in the United States, with minimal long-lived assets located internationally.
91GF Score

Get the complete analysis for MEX:HALO

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

MXN1,470.60
Price
MXN1,625.74
GF Value