ORINY (Orion Oyj) Cyclically Adjusted PB Ratio: 13.50 (As of Sep. 08, 2026) — 51% Above Median

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Director of Data and Quant Analytics at GuruFocus
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ORINY Orion Oyj ORINY
94 GF Score
Price $45.77
GF Value $42.86
Valuation Fairly Valued
! 4 Warning Signs
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What is Orion Oyj Cyclically Adjusted PB Ratio?

Orion Oyj ORINY -0.11% 94 Cyclically Adjusted PB Ratio is 13.50 as of Sep. 08, 2026, which is 51% above its 10-year median of 8.92. GuruFocus rates ORINY with a GF Score™ of 94/100 and a GF Value™ of $42.86 (Fairly Valued). The stock has 4 warning signs investors should review. Among 635 Drug Manufacturers companies, Orion Oyj ranks worse than 95.75% on this metric.

As of today (2026-09-08), Orion Oyj's current share price is $45.765. Orion Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $3.39. Orion Oyj's Cyclically Adjusted PB Ratio for today is 13.50.

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

ORINY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6   Med: 8.92   Max: 13
Current: 12.62

During the past years, Orion Oyj's highest Cyclically Adjusted PB Ratio was 13.00. The lowest was 6.00. And the median was 8.92.

ORINY's Cyclically Adjusted PB Ratio is ranked worse than
95.75% of 635 companies
in the Drug Manufacturers industry
Industry Median: 1.71 vs ORINY: 12.62

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.

Orion Oyj's adjusted book value per share data for the three months ended in Jun. 2026 was $5.189. 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 $3.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orion Oyj  (OTCPK:ORINY) 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.


Orion Oyj Cyclically Adjusted PB Ratio Related Terms


Orion Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orion Oyj'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.

Orion Oyj Cyclically Adjusted PB Ratio Chart

Orion Oyj 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 8.27 10.24 7.32 7.62 10.66

Orion Oyj 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 10.98 11.08 10.66 11.34 11.45

ORINY vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Orion Oyj'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.


Orion Oyj Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Orion Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ORINY
94GF Score
Orion Oyj ORINY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orion Oyj 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.

Orion Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.765/3.39
=13.50

* 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.

Orion Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Orion Oyj'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)
=5.189/125.0800*125.0800
=5.189

Current CPI (Jun. 2026) = 125.0800.

Orion Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.353 100.540 2.927
201612 2.408 101.020 2.982
201703 1.882 100.910 2.333
201706 2.199 101.140 2.720
201709 2.520 101.320 3.111
201712 2.861 101.510 3.525
201803 2.272 101.730 2.793
201806 2.916 102.320 3.565
201809 3.055 102.600 3.724
201812 3.126 102.710 3.807
201903 2.436 102.870 2.962
201906 2.573 103.360 3.114
201909 2.791 103.540 3.372
201912 3.082 103.650 3.719
202003 3.311 103.490 4.002
202006 2.845 103.320 3.444
202009 3.191 103.710 3.849
202012 3.167 103.890 3.813
202103 2.663 104.870 3.176
202106 2.994 105.360 3.554
202109 3.110 106.290 3.660
202112 3.006 107.490 3.498
202203 2.506 110.950 2.825
202206 2.819 113.570 3.105
202209 3.426 114.920 3.729
202212 3.431 117.320 3.658
202303 2.777 119.750 2.901
202306 2.964 120.690 3.072
202309 3.195 121.280 3.295
202312 3.458 121.540 3.559
202403 2.737 122.360 2.798
202406 2.919 122.230 2.987
202409 3.651 122.260 3.735
202412 3.745 122.390 3.827
202503 4.099 123.010 4.168
202506 3.769 122.530 3.847
202509 4.251 122.880 4.327
202512 5.345 122.670 5.450
202603 4.606 124.670 4.621
202606 5.189 125.080 5.189

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 13.50 mean?
Orion Oyj (ORINY) has a Cyclically Adjusted PB Ratio of 13.50 as of Sep. 08, 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 Orion Oyj and its competitors. This is 51% above median its historical median of 8.92. Over the past decade, Orion Oyj's Cyclically Adjusted PB Ratio has ranged from 6.00 to 13.00. According to the industry distribution chart, Orion Oyj ranks #608 out of 635 companies in the Drug Manufacturers industry, placing it in the top 95.7%.
Is Orion Oyj's Cyclically Adjusted PB Ratio too high?
Orion Oyj's current Cyclically Adjusted PB Ratio of 13.50 is 51% above median its 10-year median of 8.92. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 13.00. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.71. Orion Oyj's value of 13.50 is 689.5% above this industry median. Based on the distribution chart, Orion Oyj ranks #608 out of 635 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Orion Oyj has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orion Oyj's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Orion Oyj ranks #608 out of 635 companies for Cyclically Adjusted PB Ratio. This places Orion Oyj in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. Orion Oyj's value of 13.50 is 689.5% above this benchmark. Historically, Orion Oyj's own Cyclically Adjusted PB Ratio has ranged from 6.00 to 13.00 over the past decade. While the company's 10-year median is 8.92 vs. the industry median of 1.71, Orion Oyj 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 1.71, based on 635 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. Orion Oyj's current Cyclically Adjusted PB Ratio of 13.50 is 689.5% 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 Orion Oyj and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Oyj's current Cyclically Adjusted PB Ratio is 13.50, which is 51% above median its own 10-year median of 8.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion Oyj stock overvalued right now?
Based on GuruFocus' analysis, Orion Oyj (ORINY) is currently considered Fairly Valued. The stock's GF Value™ is $42.86, compared to a current price of $45.77 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.50, which is 51% above median its 10-year median of 8.92 and 689.5% above the Drug Manufacturers industry median of 1.71. Orion Oyj's overall GF Score™ is 94/100 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 Orion Oyj (ORINY), the current Cyclically Adjusted PB Ratio is 13.50 as of Sep. 08, 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 Orion Oyj (ORINY) Overvalued in 2026?

Based on GuruFocus' analysis, Orion Oyj stock appears to be overvalued. The current stock price of $45.77 is trading 6.8% above its estimated GF Value™ of $42.86. GuruFocus considers Orion Oyj to be Fairly Valued.

Key valuation signals for ORINY:

  • Cyclically Adjusted PB Ratio: 13.50 (51% above median its 10-year median of 8.92)
  • GF Value™: $42.86 vs. price of $45.77 (6.8% above fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 689.5% above the Drug Manufacturers median (#608 of 635)

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


Orion Oyj Business Description

Address Orionintie 1, Espoo, FIN, FI-02200
Orion Oyj is a globally operating Finnish pharmaceutical company that develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company predominantly focuses on treatments for central nervous system disorders, oncology, and respiratory diseases. Orion's customers include specialists and general practitioners, veterinarians, pharmacies, hospitals, and laboratories. The company mainly serves Finland but also has a presence in other European countries, North America and other countries.
94GF Score

Get the complete analysis for ORINY

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

$45.77
Price
$42.86
GF Value