Annexin Pharmaceuticals AB (OSTO:ANNX) Cyclically Adjusted PB Ratio: 0.23 (As of Jul. 26, 2026)

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OSTO:ANNX Annexin Pharmaceuticals AB OSTO:ANNX
23 GF Score
Price kr12.35
! 1 Warning Sign
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What is Annexin Pharmaceuticals AB Cyclically Adjusted PB Ratio?

Annexin Pharmaceuticals AB OSTO:ANNX -1.20% 23 Cyclically Adjusted PB Ratio is 0.23 as of Jul. 26, 2026. GuruFocus rates OSTO:ANNX with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 700 Biotechnology companies, Annexin Pharmaceuticals AB ranks better than 83% on this metric.

As of today (2026-07-26), Annexin Pharmaceuticals AB's current share price is kr12.35. Annexin Pharmaceuticals AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr54.77. Annexin Pharmaceuticals AB's Cyclically Adjusted PB Ratio for today is 0.23.

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

OSTO:ANNX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.23
Current: 0.23

During the past years, Annexin Pharmaceuticals AB's highest Cyclically Adjusted PB Ratio was 0.23. The lowest was 0.00. And the median was 0.00.

OSTO:ANNX's Cyclically Adjusted PB Ratio is ranked better than
83% of 700 companies
in the Biotechnology industry
Industry Median: 1.595 vs OSTO:ANNX: 0.23

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.

Annexin Pharmaceuticals AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr2.012. 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 kr54.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Annexin Pharmaceuticals AB  (OSTO:ANNX) 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.


Annexin Pharmaceuticals AB Cyclically Adjusted PB Ratio Related Terms


Annexin Pharmaceuticals AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Annexin Pharmaceuticals 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.

Annexin Pharmaceuticals AB Cyclically Adjusted PB Ratio Chart

Annexin Pharmaceuticals AB 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 0.00 0.00 0.00 0.00 0.35

Annexin Pharmaceuticals AB 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 0.00 0.00 0.49 0.35 0.24

OSTO:ANNX vs VRTX, REGN, ALNY: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Annexin Pharmaceuticals 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.


Annexin Pharmaceuticals AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

* The bar in red indicates where Annexin Pharmaceuticals AB's Cyclically Adjusted PB Ratio falls into.


OSTO:ANNX
23GF Score
Annexin Pharmaceuticals AB OSTO:ANNX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Annexin Pharmaceuticals 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.

Annexin Pharmaceuticals AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.35/54.77
=0.23

* 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.

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

For example, Annexin Pharmaceuticals AB'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)
=2.012/133.5600*133.5600
=2.012

Current CPI (Mar. 2026) = 133.5600.

Annexin Pharmaceuticals AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 101.019 0.000
201609 0.000 101.138 0.000
201612 97.338 102.022 127.429
201703 261.576 102.022 342.439
201706 205.832 102.752 267.546
201709 184.728 103.279 238.890
201712 132.821 103.793 170.913
201803 83.984 103.962 107.894
201806 94.290 104.875 120.080
201809 85.521 105.679 108.084
201812 72.323 105.912 91.203
201903 62.260 105.886 78.532
201906 51.388 106.742 64.299
201909 39.648 107.214 49.391
201912 20.849 107.766 25.839
202003 39.590 106.563 49.620
202006 30.966 107.498 38.474
202009 25.351 107.635 31.457
202012 14.136 108.296 17.434
202103 1.082 108.360 1.334
202106 10.212 108.928 12.521
202109 5.158 110.338 6.244
202112 18.565 112.486 22.043
202203 14.811 114.825 17.228
202206 12.215 118.384 13.781
202209 11.670 122.296 12.745
202212 10.640 126.365 11.246
202303 6.750 127.042 7.096
202306 3.864 129.407 3.988
202309 0.214 130.224 0.219
202312 4.885 131.912 4.946
202403 1.648 132.205 1.665
202406 6.504 132.716 6.545
202409 4.527 132.304 4.570
202412 2.475 132.987 2.486
202503 6.382 132.825 6.417
202506 6.328 133.699 6.321
202509 4.947 133.480 4.950
202512 3.479 133.390 3.483
202603 2.012 133.560 2.012

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 0.23 mean?
Annexin Pharmaceuticals AB (OSTO:ANNX) has a Cyclically Adjusted PB Ratio of 0.23 as of Jul. 26, 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 Annexin Pharmaceuticals AB and its competitors. According to the industry distribution chart, Annexin Pharmaceuticals AB ranks #119 out of 700 companies in the Biotechnology industry, placing it in the top 17%.
Is Annexin Pharmaceuticals AB's Cyclically Adjusted PB Ratio too high?
Annexin Pharmaceuticals AB's current Cyclically Adjusted PB Ratio is 0.23. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.60. Annexin Pharmaceuticals AB's value of 0.23 is 85.6% below this industry median. Based on the distribution chart, Annexin Pharmaceuticals AB ranks #119 out of 700 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Annexin Pharmaceuticals AB has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Annexin Pharmaceuticals AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Annexin Pharmaceuticals AB ranks #119 out of 700 companies for Cyclically Adjusted PB Ratio. This places Annexin Pharmaceuticals AB in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.60. Annexin Pharmaceuticals AB's value of 0.23 is 85.6% 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.60, 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. Annexin Pharmaceuticals AB's current Cyclically Adjusted PB Ratio of 0.23 is 85.6% 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 Annexin Pharmaceuticals AB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Annexin Pharmaceuticals AB's current Cyclically Adjusted PB Ratio is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Annexin Pharmaceuticals AB stock overvalued right now?
Annexin Pharmaceuticals AB (OSTO:ANNX) has a current Cyclically Adjusted PB Ratio of 0.23. The current Cyclically Adjusted PB Ratio is 0.23 and 85.6% below the Biotechnology industry median of 1.60. Annexin Pharmaceuticals AB's overall GF Score™ is 23/100 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 Annexin Pharmaceuticals AB (OSTO:ANNX), the current Cyclically Adjusted PB Ratio is 0.23 as of Jul. 26, 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.

Annexin Pharmaceuticals AB Business Description

Other Exchanges Q910:Germany
Address Kammakargatan 48, Stockholm, SWE, 111 60
Annexin Pharmaceuticals AB is a biotechnology company. It is developing biological drug candidate ANXV, a recombinant human protein Annexin A5 for treatment of various cardiovascular diseases. The company also focuses on development of ANXV for the treatment of retinal vein occlusion.
23GF Score

Get the complete analysis for OSTO:ANNX

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

kr12.35
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