ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) Cyclically Adjusted PB Ratio: 0.07 (As of Jul. 22, 2026) — 75% Below Median

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OSTO:EXPRS2 ExpreS2ion Biotech Holding AB OSTO:EXPRS2
43 GF Score
Price kr1.39
GF Value kr3.42
Valuation Possible Value Trap
! 5 Warning Signs
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What is ExpreS2ion Biotech Holding AB Cyclically Adjusted PB Ratio?

ExpreS2ion Biotech Holding AB OSTO:EXPRS2 +1.46% 43 Cyclically Adjusted PB Ratio is 0.07 as of Jul. 22, 2026, which is 75% below its 10-year median of 0.28. GuruFocus rates OSTO:EXPRS2 with a GF Score™ of 43/100 and a GF Value™ of kr3.42 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 698 Biotechnology companies, ExpreS2ion Biotech Holding AB ranks better than 91.4% on this metric.

As of today (2026-07-22), ExpreS2ion Biotech Holding AB's current share price is kr1.39. ExpreS2ion Biotech Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr20.44. ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio for today is 0.07.

The historical rank and industry rank for ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

OSTO:EXPRS2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.28   Max: 0.5
Current: 0.07

During the past years, ExpreS2ion Biotech Holding AB's highest Cyclically Adjusted PB Ratio was 0.50. The lowest was 0.07. And the median was 0.28.

OSTO:EXPRS2's Cyclically Adjusted PB Ratio is ranked better than
91.4% of 698 companies
in the Biotechnology industry
Industry Median: 1.595 vs OSTO:EXPRS2: 0.07

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.

ExpreS2ion Biotech Holding AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr2.673. 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 kr20.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ExpreS2ion Biotech Holding AB  (OSTO:EXPRS2) 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.


ExpreS2ion Biotech Holding AB Cyclically Adjusted PB Ratio Related Terms


ExpreS2ion Biotech Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ExpreS2ion Biotech Holding 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.

ExpreS2ion Biotech Holding AB Cyclically Adjusted PB Ratio Chart

ExpreS2ion Biotech Holding 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 0.28

ExpreS2ion Biotech Holding 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 0.44 0.35 0.28 0.12

OSTO:EXPRS2 vs VRTX, REGN, ALNY: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, ExpreS2ion Biotech Holding 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.


ExpreS2ion Biotech Holding AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio falls into.


OSTO:EXPRS2
43GF Score
ExpreS2ion Biotech Holding AB OSTO:EXPRS2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ExpreS2ion Biotech Holding 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.

ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.39/20.44
=0.07

* 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.

ExpreS2ion Biotech Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ExpreS2ion Biotech Holding 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)
=2.673/133.5600*133.5600
=2.673

Current CPI (Mar. 2026) = 133.5600.

ExpreS2ion Biotech Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 100.751 0.000
201609 18.932 101.138 25.001
201612 14.107 102.022 18.468
201703 12.907 102.022 16.897
201706 10.112 102.752 13.144
201709 9.787 103.279 12.657
201712 6.771 103.793 8.713
201803 18.106 103.962 23.261
201806 15.295 104.875 19.479
201809 11.465 105.679 14.490
201812 6.883 105.912 8.680
201903 9.434 105.886 11.900
201906 6.089 106.742 7.619
201909 3.975 107.214 4.952
201912 -0.789 107.766 -0.978
202003 1.796 106.563 2.251
202006 2.595 107.498 3.224
202009 0.501 107.635 0.622
202012 36.832 108.296 45.425
202103 33.204 108.360 40.926
202106 41.383 108.928 50.741
202109 50.410 110.338 61.019
202112 48.462 112.486 57.541
202203 45.348 114.825 52.747
202206 53.463 118.384 60.317
202209 44.950 122.296 49.090
202212 31.198 126.365 32.974
202303 23.994 127.042 25.225
202306 24.961 129.407 25.762
202309 19.022 130.224 19.509
202312 15.526 131.912 15.720
202403 12.425 132.205 12.552
202406 13.104 132.716 13.187
202409 11.793 132.304 11.905
202412 8.707 132.987 8.745
202503 6.875 132.825 6.913
202506 5.718 133.699 5.712
202509 4.474 133.480 4.477
202512 3.611 133.390 3.616
202603 2.673 133.560 2.673

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 0.07 mean?
ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) has a Cyclically Adjusted PB Ratio of 0.07 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 ExpreS2ion Biotech Holding AB and its competitors. This is 75% below median its historical median of 0.28. Over the past decade, ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.50. According to the industry distribution chart, ExpreS2ion Biotech Holding AB ranks #60 out of 698 companies in the Biotechnology industry, placing it in the top 8.6%.
Is ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio too high?
ExpreS2ion Biotech Holding AB's current Cyclically Adjusted PB Ratio of 0.07 is 75% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.50. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.60. ExpreS2ion Biotech Holding AB's value of 0.07 is 95.6% below this industry median. Based on the distribution chart, ExpreS2ion Biotech Holding AB ranks #60 out of 698 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, ExpreS2ion Biotech Holding AB has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ExpreS2ion Biotech Holding AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, ExpreS2ion Biotech Holding AB ranks #60 out of 698 companies for Cyclically Adjusted PB Ratio. This places ExpreS2ion Biotech Holding AB in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.60. ExpreS2ion Biotech Holding AB's value of 0.07 is 95.6% below this benchmark. Historically, ExpreS2ion Biotech Holding AB's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.50 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.60, ExpreS2ion Biotech Holding AB has consistently been below 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.60, based on 698 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. ExpreS2ion Biotech Holding AB's current Cyclically Adjusted PB Ratio of 0.07 is 95.6% 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 ExpreS2ion Biotech Holding 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. ExpreS2ion Biotech Holding AB's current Cyclically Adjusted PB Ratio is 0.07, which is 75% below median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ExpreS2ion Biotech Holding AB stock overvalued right now?
Based on GuruFocus' analysis, ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) is currently considered Possible Value Trap. The stock's GF Value™ is kr3.42, compared to a current price of kr1.39 — trading 59.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.07, which is 75% below median its 10-year median of 0.28 and 95.6% below the Biotechnology industry median of 1.60. ExpreS2ion Biotech Holding AB's overall GF Score™ is 43/100 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 ExpreS2ion Biotech Holding AB (OSTO:EXPRS2), the current Cyclically Adjusted PB Ratio is 0.07 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 ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) Overvalued in 2026?

Based on GuruFocus' analysis, ExpreS2ion Biotech Holding AB stock appears to be undervalued. The current stock price of kr1.39 is trading 59.4% below its estimated GF Value™ of kr3.42. GuruFocus considers ExpreS2ion Biotech Holding AB to be Possible Value Trap.

Key valuation signals for OSTO:EXPRS2:

  • Cyclically Adjusted PB Ratio: 0.07 (75% below median its 10-year median of 0.28)
  • GF Value™: kr3.42 vs. price of kr1.39 (59.4% below fair value)
  • GF Score™: 43/100 with 5 warning signs
  • Industry Position: 95.6% below the Biotechnology median (#60 of 698)

No single metric tells the full story. See the OSTO:EXPRS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ExpreS2ion Biotech Holding AB Business Description

Other Exchanges 5JD0:Germany
Address c/o Mindpark, Ronnowsgatan 8c, Helsingborg, SWE, 252 25
ExpreS2ion Biotech Holding AB is a biotechnology company that develops vaccines. It has developed a human clinical Phase III-validated technology platform, ExpreS2, for fast and efficient development and production of the active material in vaccines. The platform, under the brand GlycoX-S2, includes functionally modified glycosylation variants for enhanced immunogenicity and pharmacokinetics. Its product pipeline comprises ES2B-C001, a HER2-VLP-based vaccine in development for human breast cancer therapy and several exploratory vaccine projects targeting pathways validated by commercial monoclonal antibody products. Geographically, the company operates in the Nordics region and also has a presence in other countries.
43GF Score

Get the complete analysis for OSTO:EXPRS2

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

kr1.39
Price
kr3.42
GF Value