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AFT PharmaceuticalsNZSE:AFT +1.02%95 Cyclically Adjusted PB Ratio is 7.65 as of Jul. 22, 2026, which is 9% above its 10-year median of 7.01. GuruFocus rates NZSE:AFT with a GF Score™ of 95/100 and a GF Value™ of NZ$4.20 (Fairly Valued). The stock has 4 warning signs investors should review. Among 758 Drug Manufacturers companies, AFT Pharmaceuticals ranks worse than 88.92% on this metric.
The historical rank and industry rank for AFT Pharmaceuticals's Cyclically Adjusted PB Ratio or its related term are showing as below:
NZSE:AFT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.82 Med: 7.01 Max: 8.61
Current: 7.59
During the past 11 years, AFT Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 8.61. The lowest was 5.82. And the median was 7.01.
NZSE:AFT's Cyclically Adjusted PB Ratio is ranked worse than 88.92% of 758
companies
in the Drug Manufacturers industry
Industry Median: 1.855
vs NZSE:AFT: 7.59
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.
AFT Pharmaceuticals's adjusted book value per share data of for the fiscal year that ended in Mar26 was NZ$1.052. 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 NZ$0.52 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
AFT Pharmaceuticals (NZSE:AFT) 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.
AFT Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms
AFT Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for AFT Pharmaceuticals'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.
AFT Pharmaceuticals Cyclically Adjusted PB Ratio Chart
NZSE:AFT vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, AFT Pharmaceuticals'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.
AFT Pharmaceuticals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, AFT Pharmaceuticals's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where AFT Pharmaceuticals's Cyclically Adjusted PB Ratio falls into.
AFT Pharmaceuticals 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.
AFT Pharmaceuticals'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 7.65 mean?
AFT Pharmaceuticals (NZSE:AFT) has a Cyclically Adjusted PB Ratio of 7.65 as of Jul. 22, 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 AFT Pharmaceuticals and its competitors. This is near median its historical median of 7.01. Over the past decade, AFT Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 5.82 to 8.61. According to the industry distribution chart, AFT Pharmaceuticals ranks #674 out of 758 companies in the Drug Manufacturers industry, placing it in the top 88.9%.
Is AFT Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
AFT Pharmaceuticals' current Cyclically Adjusted PB Ratio of 7.65 is near median its 10-year median of 7.01. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 8.61. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.86. AFT Pharmaceuticals' value of 7.65 is 312.4% above this industry median. Based on the distribution chart, AFT Pharmaceuticals ranks #674 out of 758 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, AFT Pharmaceuticals has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AFT Pharmaceuticals' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, AFT Pharmaceuticals ranks #674 out of 758 companies for Cyclically Adjusted PB Ratio. This places AFT Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.86. AFT Pharmaceuticals' value of 7.65 is 312.4% above this benchmark. Historically, AFT Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 5.82 to 8.61 over the past decade. While the company's 10-year median is 7.01 vs. the industry median of 1.86, AFT Pharmaceuticals 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.86, based on 758 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. AFT Pharmaceuticals's current Cyclically Adjusted PB Ratio of 7.65 is 312.4% 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 AFT Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFT Pharmaceuticals's current Cyclically Adjusted PB Ratio is 7.65, which is near median its own 10-year median of 7.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFT Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, AFT Pharmaceuticals (NZSE:AFT) is currently considered Fairly Valued. The stock's GF Value™ is NZ$4.20, compared to a current price of NZ$3.98 — trading 5.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.65, which is near median its 10-year median of 7.01 and 312.4% above the Drug Manufacturers industry median of 1.86. AFT Pharmaceuticals' overall GF Score™ is 95/100 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 AFT Pharmaceuticals (NZSE:AFT), the current Cyclically Adjusted PB Ratio is 7.65 as of Jul. 22, 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 AFT Pharmaceuticals (NZSE:AFT) Overvalued in 2026?
Based on GuruFocus' analysis, AFT Pharmaceuticals stock appears to be undervalued.
The current stock price of NZ$3.98 is trading 5.2% below its estimated GF Value™ of NZ$4.20.
GuruFocus considers AFT Pharmaceuticals to be Fairly Valued.
Key valuation signals for NZSE:AFT:
Cyclically Adjusted PB Ratio: 7.65 (near median its 10-year median of 7.01)
GF Value™: NZ$4.20 vs. price of NZ$3.98 (5.2% below fair value)
Industry Position: 312.4% above the Drug Manufacturers median (#674 of 758)
No single metric tells the full story. See the NZSE:AFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AFT Pharmaceuticals Ltd is a pharmaceutical distributor and developer of pharmaceutical intellectual property. Some of the products of the organization are Maxigesic dose forms, Capsaicin creams, Crystaderm, Kiwisoothe, Micolette, and others. The group has four operating segments based on geographical location being Australia, New Zealand, Asia, and the Rest of the world. It generates the majority of the revenue from Australia, which includes the sales and distribution activity relating to the Australian market.
95GF Score
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