Novonesis (Novozymes) B (MEX:NSISN) Cyclically Adjusted PB Ratio: 5.50 (As of Sep. 17, 2026) — 40% Below Median

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MEX:NSISN Novonesis (Novozymes) B MEX:NSISN
95 GF Score
Price MXN911.11
GF Value MXN936.38
! 5 Warning Signs
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What is Novonesis (Novozymes) B Cyclically Adjusted PB Ratio?

Novonesis (Novozymes) B MEX:NSISN 95 Cyclically Adjusted PB Ratio is 5.50 as of Sep. 17, 2026, which is 40% below its 10-year median of 9.17. GuruFocus rates MEX:NSISN with a GF Score™ of 95/100 and a GF Value™ of MXN936.38. The stock has 5 warning signs investors should review. Among 1,099 Chemicals companies, Novonesis (Novozymes) B ranks worse than 87.72% on this metric.

As of today (2026-09-17), Novonesis (Novozymes) B's current share price is MXN911.11. Novonesis (Novozymes) B's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN165.76. Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio for today is 5.50.

The historical rank and industry rank for Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:NSISN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.18   Med: 9.17   Max: 13.63
Current: 5.69

During the past years, Novonesis (Novozymes) B's highest Cyclically Adjusted PB Ratio was 13.63. The lowest was 5.18. And the median was 9.17.

MEX:NSISN's Cyclically Adjusted PB Ratio is ranked worse than
87.72% of 1099 companies
in the Chemicals industry
Industry Median: 1.67 vs MEX:NSISN: 5.69

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.

Novonesis (Novozymes) B's adjusted book value per share data for the three months ended in Jun. 2026 was MXN480.951. 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 MXN165.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Novonesis (Novozymes) B  (MEX:NSISN) 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.


Novonesis (Novozymes) B Cyclically Adjusted PB Ratio Related Terms


Novonesis (Novozymes) B Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Novonesis (Novozymes) B'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.

Novonesis (Novozymes) B Cyclically Adjusted PB Ratio Chart

Novonesis (Novozymes) B 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 13.63 7.97 8.23 7.79 6.08

Novonesis (Novozymes) B 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 7.55 6.09 6.08 5.40 5.50

MEX:NSISN vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Novonesis (Novozymes) B'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.


Novonesis (Novozymes) B Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio falls into.


MEX:NSISN
95GF Score
Novonesis (Novozymes) B MEX:NSISN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Novonesis (Novozymes) B 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.

Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=911.11/165.76
=5.50

* 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.

Novonesis (Novozymes) B's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Novonesis (Novozymes) B'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)
=480.951/122.9500*122.9500
=480.951

Current CPI (Jun. 2026) = 122.9500.

Novonesis (Novozymes) B Quarterly Data

Book Value per Share CPI Adj_Book
201609 106.870 100.200 131.134
201612 115.344 100.300 141.391
201703 99.728 101.200 121.162
201706 98.655 101.200 119.858
201709 106.513 101.800 128.642
201712 119.935 101.300 145.568
201803 105.062 101.700 127.014
201806 113.539 102.300 136.458
201809 110.757 102.400 132.984
201812 118.839 102.100 143.107
201903 111.298 102.900 132.984
201906 112.208 102.900 134.072
201909 115.056 102.900 137.475
201912 114.325 102.900 136.601
202003 132.410 103.300 157.597
202006 134.405 103.200 160.127
202009 135.210 103.500 160.619
202012 130.779 103.400 155.506
202103 126.346 104.300 148.938
202106 126.730 105.000 148.395
202109 135.887 105.800 157.914
202112 133.022 106.600 153.425
202203 120.258 109.900 134.538
202206 125.162 113.600 135.464
202209 132.330 116.400 139.776
202212 138.661 115.900 147.096
202303 120.628 117.300 126.438
202306 120.529 116.400 127.311
202309 130.035 117.400 136.182
202312 125.194 116.700 131.899
202403 0.000 118.400 0.000
202406 467.296 118.500 484.844
202409 0.000 118.900 0.000
202412 523.595 118.900 541.430
202503 532.803 120.200 544.993
202506 501.102 120.700 510.443
202509 496.748 121.600 502.263
202512 491.229 121.180 498.404
202603 488.261 121.670 493.398
202606 480.951 122.950 480.951

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 5.50 mean?
Novonesis (Novozymes) B (MEX:NSISN) has a Cyclically Adjusted PB Ratio of 5.50 as of Sep. 17, 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 Novonesis (Novozymes) B and its competitors. This is 40% below median its historical median of 9.17. Over the past decade, Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio has ranged from 5.18 to 13.63. According to the industry distribution chart, Novonesis (Novozymes) B ranks #964 out of 1099 companies in the Chemicals industry, placing it in the top 87.7%.
Is Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio too high?
Novonesis (Novozymes) B's current Cyclically Adjusted PB Ratio of 5.50 is 40% below median its 10-year median of 9.17. Over the past 10 years, this metric has ranged from a low of 5.18 to a high of 13.63. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Novonesis (Novozymes) B's value of 5.50 is 229.3% above this industry median. Based on the distribution chart, Novonesis (Novozymes) B ranks #964 out of 1099 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Novonesis (Novozymes) B has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Novonesis (Novozymes) B's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Novonesis (Novozymes) B ranks #964 out of 1099 companies for Cyclically Adjusted PB Ratio. This places Novonesis (Novozymes) B in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Novonesis (Novozymes) B's value of 5.50 is 229.3% above this benchmark. Historically, Novonesis (Novozymes) B's own Cyclically Adjusted PB Ratio has ranged from 5.18 to 13.63 over the past decade. While the company's 10-year median is 9.17 vs. the industry median of 1.67, Novonesis (Novozymes) B 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,099 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. Novonesis (Novozymes) B's current Cyclically Adjusted PB Ratio of 5.50 is 229.3% 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 Novonesis (Novozymes) B and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novonesis (Novozymes) B's current Cyclically Adjusted PB Ratio is 5.50, which is 40% below median its own 10-year median of 9.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novonesis (Novozymes) B stock overvalued right now?
Novonesis (Novozymes) B (MEX:NSISN) has a current Cyclically Adjusted PB Ratio of 5.50. The stock's GF Value™ is MXN936.38, compared to a current price of MXN911.11 — trading 2.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.50, which is 40% below median its 10-year median of 9.17 and 229.3% above the Chemicals industry median of 1.67. Novonesis (Novozymes) B's overall GF Score™ is 95/100 with 5 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 Novonesis (Novozymes) B (MEX:NSISN), the current Cyclically Adjusted PB Ratio is 5.50 as of Sep. 17, 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 Novonesis (Novozymes) B (MEX:NSISN) Overvalued in 2026?

Based on GuruFocus' analysis, Novonesis (Novozymes) B stock appears to be undervalued. The current stock price of MXN911.11 is trading 2.7% below its estimated GF Value™ of MXN936.38.

Key valuation signals for MEX:NSISN:

  • Cyclically Adjusted PB Ratio: 5.50 (40% below median its 10-year median of 9.17)
  • GF Value™: MXN936.38 vs. price of MXN911.11 (2.7% below fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 229.3% above the Chemicals median (#964 of 1099)

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


Novonesis (Novozymes) B Business Description

Address Krogshoejvej 36, Bagsvaerd, DNK, 2880
Novonesis was formed in 2024 through the merger of Novozymes and Chr. Hansen. Following the merger, the company became the world leader in industrial enzymes and microbial solutions, with a nearly 50% market share in both. The firm supplies a wide range of industry groups: household care, food and beverages, bioenergy, agriculture and feed, technical and pharmaceuticals. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark, employs more than 11,000 people, and works across more than 30 research and development and application centers and 23 manufacturing sites.
95GF Score

Get the complete analysis for MEX:NSISN

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

MXN911.11
Price
MXN936.38
GF Value