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Prolight Diagnostics ABNGM:PRLD +2.29%31 Cyclically Adjusted PB Ratio is 0.25 as of Aug. 02, 2026. GuruFocus rates NGM:PRLD with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 521 Medical Devices & Instruments companies, Prolight Diagnostics AB ranks better than 91.17% on this metric.
The historical rank and industry rank for Prolight Diagnostics AB's Cyclically Adjusted PB Ratio or its related term are showing as below:
NGM:PRLD'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.27
Current: 0.27
During the past years, Prolight Diagnostics AB's highest Cyclically Adjusted PB Ratio was 0.27. The lowest was 0.00. And the median was 0.00.
NGM:PRLD's Cyclically Adjusted PB Ratio is ranked better than 91.17% of 521
companies
in the Medical Devices & Instruments industry
Industry Median: 1.78
vs NGM:PRLD: 0.27
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.
Prolight Diagnostics AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr13.211. 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 kr70.25 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Prolight Diagnostics AB (NGM:PRLD) 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.
Prolight Diagnostics AB Cyclically Adjusted PB Ratio Related Terms
Prolight Diagnostics AB Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Prolight Diagnostics AB'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.
Prolight Diagnostics AB Cyclically Adjusted PB Ratio Chart
NGM:PRLD vs ISRG, BDX, MDLN: Cyclically Adjusted PB Ratio Comparison
For the Medical Instruments & Supplies subindustry, Prolight Diagnostics AB'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.
Prolight Diagnostics AB Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Prolight Diagnostics AB's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Prolight Diagnostics AB's Cyclically Adjusted PB Ratio falls into.
Prolight Diagnostics AB 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.
* 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 0.25 mean?
Prolight Diagnostics AB (NGM:PRLD) has a Cyclically Adjusted PB Ratio of 0.25 as of Aug. 02, 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 Prolight Diagnostics AB and its competitors. According to the industry distribution chart, Prolight Diagnostics AB ranks #46 out of 521 companies in the Medical Devices & Instruments industry, placing it in the top 8.8%.
Is Prolight Diagnostics AB's Cyclically Adjusted PB Ratio too high?
Prolight Diagnostics AB's current Cyclically Adjusted PB Ratio is 0.25. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.78. Prolight Diagnostics AB's value of 0.25 is 86% below this industry median. Based on the distribution chart, Prolight Diagnostics AB ranks #46 out of 521 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Prolight Diagnostics AB has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Prolight Diagnostics AB's Cyclically Adjusted PB Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Prolight Diagnostics AB ranks #46 out of 521 companies for Cyclically Adjusted PB Ratio. This places Prolight Diagnostics AB in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.78. Prolight Diagnostics AB's value of 0.25 is 86% below this benchmark. 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.78, based on 521 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. Prolight Diagnostics AB's current Cyclically Adjusted PB Ratio of 0.25 is 86% 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 Prolight Diagnostics AB and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prolight Diagnostics AB's current Cyclically Adjusted PB Ratio is 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prolight Diagnostics AB stock overvalued right now?
Prolight Diagnostics AB (NGM:PRLD) has a current Cyclically Adjusted PB Ratio of 0.25. The current Cyclically Adjusted PB Ratio is 0.25 and 86% below the Medical Devices & Instruments industry median of 1.78. Prolight Diagnostics AB's overall GF Score™ is 31/100 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 Prolight Diagnostics AB (NGM:PRLD), the current Cyclically Adjusted PB Ratio is 0.25 as of Aug. 02, 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.
Prolight Diagnostics AB along with its subsidiaries, develops Point-of-Care (POC) systems, which are small, portable instruments and disposable cartridges for performing in-vitro diagnostic (IVD) tests from a drop of blood. Its product portfolio includes Psyros, a digital POC technology, and Microflex.
31GF Score
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