Mendus AB (OSTO:IMMU) Cyclically Adjusted PB Ratio: 0.14 (As of Aug. 30, 2026) — Near Median

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OSTO:IMMU Mendus AB OSTO:IMMU
31 GF Score
Price kr7.04
! 3 Warning Signs
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What is Mendus AB Cyclically Adjusted PB Ratio?

Mendus AB OSTO:IMMU -0.98% 31 Cyclically Adjusted PB Ratio is 0.14 as of Aug. 30, 2026, which is 8% above its 10-year median of 0.13. GuruFocus rates OSTO:IMMU with a GF Score™ of 31/100. The stock has 3 warning signs investors should review. Among 681 Biotechnology companies, Mendus AB ranks better than 86.05% on this metric.

As of today (2026-08-30), Mendus AB's current share price is kr7.04. Mendus AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr50.68. Mendus AB's Cyclically Adjusted PB Ratio for today is 0.14.

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

OSTO:IMMU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.13   Max: 0.88
Current: 0.14

During the past years, Mendus AB's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.06. And the median was 0.13.

OSTO:IMMU's Cyclically Adjusted PB Ratio is ranked better than
86.05% of 681 companies
in the Biotechnology industry
Industry Median: 1.64 vs OSTO:IMMU: 0.14

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.

Mendus AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr8.590. 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 kr50.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mendus AB  (OSTO:IMMU) 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.


Mendus AB Cyclically Adjusted PB Ratio Related Terms


Mendus AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mendus 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.

Mendus AB Cyclically Adjusted PB Ratio Chart

Mendus AB Annual Data
Trend Jun16 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 1.49 0.69 0.16 0.13 0.10

Mendus AB 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 0.14 0.12 0.10 0.08 0.11

OSTO:IMMU vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Mendus 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.


Mendus AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


OSTO:IMMU
31GF Score
Mendus AB OSTO:IMMU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mendus 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.04/50.68
=0.14

* 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.

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

For example, Mendus AB'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)
=8.59/134.6100*134.6100
=8.590

Current CPI (Jun. 2026) = 134.6100.

Mendus AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 84.013 101.138 111.818
201612 67.626 102.022 89.228
201703 53.994 102.022 71.241
201706 41.303 102.752 54.109
201709 26.997 103.279 35.187
201712 125.202 103.793 162.376
201803 58.025 103.962 75.131
201806 51.040 104.875 65.512
201809 42.552 105.679 54.201
201812 -6.670 105.912 -8.477
201903 75.260 105.886 95.676
201906 68.777 106.742 86.734
201909 62.858 107.214 78.920
201912 -1.134 107.766 -1.416
202003 48.137 106.563 60.807
202006 42.861 107.498 53.671
202009 38.419 107.635 48.047
202012 73.292 108.296 91.101
202103 68.636 108.360 85.263
202106 66.158 108.928 81.756
202109 63.654 110.338 77.656
202112 60.675 112.486 72.609
202203 58.135 114.825 68.152
202206 55.464 118.384 63.066
202209 51.843 122.296 57.063
202212 47.528 126.365 50.629
202303 44.637 127.042 47.296
202306 44.094 129.407 45.867
202309 17.405 130.224 17.991
202312 16.329 131.912 16.663
202403 15.574 132.205 15.857
202406 13.868 132.716 14.066
202409 13.417 132.304 13.651
202412 12.811 132.987 12.967
202503 12.203 132.825 12.367
202506 11.467 133.699 11.545
202509 11.064 133.480 11.158
202512 9.547 133.390 9.634
202603 9.222 133.560 9.295
202606 8.590 134.610 8.590

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 0.14 mean?
Mendus AB (OSTO:IMMU) has a Cyclically Adjusted PB Ratio of 0.14 as of Aug. 30, 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 Mendus AB and its competitors. This is near median its historical median of 0.13. Over the past decade, Mendus AB's Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.88. According to the industry distribution chart, Mendus AB ranks #95 out of 681 companies in the Biotechnology industry, placing it in the top 14%.
Is Mendus AB's Cyclically Adjusted PB Ratio too high?
Mendus AB's current Cyclically Adjusted PB Ratio of 0.14 is near median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.88. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.64. Mendus AB's value of 0.14 is 91.5% below this industry median. Based on the distribution chart, Mendus AB ranks #95 out of 681 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Mendus AB has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Mendus AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Mendus AB ranks #95 out of 681 companies for Cyclically Adjusted PB Ratio. This places Mendus AB in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.64. Mendus AB's value of 0.14 is 91.5% below this benchmark. Historically, Mendus AB's own Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.88 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 1.64, Mendus 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 1.64, based on 681 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. Mendus AB's current Cyclically Adjusted PB Ratio of 0.14 is 91.5% 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 Mendus AB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mendus AB's current Cyclically Adjusted PB Ratio is 0.14, which is near median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mendus AB stock overvalued right now?
Mendus AB (OSTO:IMMU) has a current Cyclically Adjusted PB Ratio of 0.14. The current Cyclically Adjusted PB Ratio is 0.14, which is near median its 10-year median of 0.13 and 91.5% below the Biotechnology industry median of 1.64. Mendus AB's overall GF Score™ is 31/100 with 3 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 Mendus AB (OSTO:IMMU), the current Cyclically Adjusted PB Ratio is 0.14 as of Aug. 30, 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.

Mendus AB Business Description

Other Exchanges 1YG0:Germany
Address Vastra Tradgardsgatan 15, Stockholm, SWE, 11153
Mendus AB is a clinical-level biopharmaceutical company based on the company's allogeneic dendritic cell biology focused on the development of immunotherapies that address tumor recurrence and hard-to-treat established tumors. Its operations consist of research and development for pharmaceuticals. The company's Pipeline includes: Vididencel, and Ilixadencel.
31GF Score

Get the complete analysis for OSTO:IMMU

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

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