NextCell Pharma AB (OSTO:NXTCL) Cyclically Adjusted PB Ratio: 0.71 (As of Aug. 30, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:NXTCL NextCell Pharma AB OSTO:NXTCL
42 GF Score
Price kr1.10
GF Value kr0.91
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is NextCell Pharma AB Cyclically Adjusted PB Ratio?

NextCell Pharma AB OSTO:NXTCL +4.96% 42 Cyclically Adjusted PB Ratio is 0.71 as of Aug. 30, 2026, which is 7% below its 10-year median of 0.76. GuruFocus rates OSTO:NXTCL with a GF Score™ of 42/100 and a GF Value™ of kr0.91 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 681 Biotechnology companies, NextCell Pharma AB ranks better than 68.28% on this metric.

As of today (2026-08-30), NextCell Pharma AB's current share price is kr1.10. NextCell Pharma AB's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was kr1.55. NextCell Pharma AB's Cyclically Adjusted PB Ratio for today is 0.71.

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

OSTO:NXTCL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.76   Max: 1.02
Current: 0.71

During the past years, NextCell Pharma AB's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.44. And the median was 0.76.

OSTO:NXTCL's Cyclically Adjusted PB Ratio is ranked better than
68.28% of 681 companies
in the Biotechnology industry
Industry Median: 1.64 vs OSTO:NXTCL: 0.71

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.

NextCell Pharma AB's adjusted book value per share data for the three months ended in Dec. 2025 was kr0.454. 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 kr1.55 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NextCell Pharma AB  (OSTO:NXTCL) 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.


NextCell Pharma AB Cyclically Adjusted PB Ratio Related Terms


NextCell Pharma AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NextCell Pharma 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.

NextCell Pharma AB Cyclically Adjusted PB Ratio Chart

NextCell Pharma AB Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NextCell Pharma AB Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Dec25
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 0.00 0.00 0.47

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

For the Biotechnology subindustry, NextCell Pharma 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.


NextCell Pharma AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


OSTO:NXTCL
42GF Score
NextCell Pharma AB OSTO:NXTCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NextCell Pharma 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.10/1.55
=0.71

* 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.

NextCell Pharma AB's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, NextCell Pharma AB's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.454/133.3900*133.3900
=0.454

Current CPI (Dec. 2025) = 133.3900.

NextCell Pharma AB Quarterly Data

Book Value per Share CPI Adj_Book
201508 0.650 99.829 0.869
201605 0.000 100.914 0.000
201608 0.450 100.968 0.594
201611 0.000 101.517 0.000
201702 0.376 102.037 0.492
201705 0.569 102.679 0.739
201708 1.480 103.138 1.914
201711 1.231 103.413 1.588
201802 0.896 103.678 1.153
201805 0.657 104.632 0.838
201808 0.391 105.197 0.496
201811 0.809 105.443 1.023
201902 0.609 105.641 0.769
201905 0.351 106.895 0.438
201908 0.800 106.716 1.000
201911 0.669 107.345 0.831
202002 0.522 106.742 0.652
202005 0.341 106.882 0.426
202008 0.793 107.571 0.983
202011 0.628 107.549 0.779
202102 3.559 108.190 4.388
202105 3.557 108.838 4.359
202108 3.448 109.780 4.190
202111 3.300 111.069 3.963
202202 3.065 112.834 3.623
202205 2.851 116.746 3.257
202208 2.655 120.573 2.937
202211 2.450 123.803 2.640
202302 2.188 126.321 2.310
202305 1.937 128.034 2.018
202308 1.740 129.560 1.791
202311 1.515 130.958 1.543
202402 1.283 132.046 1.296
202405 1.080 132.818 1.085
202408 0.925 132.052 0.934
202411 0.815 133.000 0.817
202502 0.703 133.744 0.701
202505 0.369 133.064 0.370
202508 0.596 133.440 0.596
202512 0.454 133.390 0.454

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 0.71 mean?
NextCell Pharma AB (OSTO:NXTCL) has a Cyclically Adjusted PB Ratio of 0.71 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 NextCell Pharma AB and its competitors. This is near median its historical median of 0.76. Over the past decade, NextCell Pharma AB's Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.02. According to the industry distribution chart, NextCell Pharma AB ranks #216 out of 681 companies in the Biotechnology industry, placing it in the top 31.7%.
Is NextCell Pharma AB's Cyclically Adjusted PB Ratio too high?
NextCell Pharma AB's current Cyclically Adjusted PB Ratio of 0.71 is near median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.02. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.64. NextCell Pharma AB's value of 0.71 is 56.7% below this industry median. Based on the distribution chart, NextCell Pharma AB ranks #216 out of 681 companies in the Biotechnology industry, which is above the industry midpoint. Overall, NextCell Pharma AB has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NextCell Pharma AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, NextCell Pharma AB ranks #216 out of 681 companies for Cyclically Adjusted PB Ratio. This puts NextCell Pharma AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. NextCell Pharma AB's value of 0.71 is 56.7% below this benchmark. Historically, NextCell Pharma AB's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.02 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.64, NextCell Pharma 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. NextCell Pharma AB's current Cyclically Adjusted PB Ratio of 0.71 is 56.7% 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 NextCell Pharma 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. NextCell Pharma AB's current Cyclically Adjusted PB Ratio is 0.71, which is near median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextCell Pharma AB stock overvalued right now?
Based on GuruFocus' analysis, NextCell Pharma AB (OSTO:NXTCL) is currently considered Modestly Overvalued. The stock's GF Value™ is kr0.91, compared to a current price of kr1.10 — trading 20.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is near median its 10-year median of 0.76 and 56.7% below the Biotechnology industry median of 1.64. NextCell Pharma AB's overall GF Score™ is 42/100 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 NextCell Pharma AB (OSTO:NXTCL), the current Cyclically Adjusted PB Ratio is 0.71 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.

Is NextCell Pharma AB (OSTO:NXTCL) Overvalued in 2026?

Based on GuruFocus' analysis, NextCell Pharma AB stock appears to be overvalued. The current stock price of kr1.10 is trading 20.9% above its estimated GF Value™ of kr0.91. GuruFocus considers NextCell Pharma AB to be Modestly Overvalued.

Key valuation signals for OSTO:NXTCL:

  • Cyclically Adjusted PB Ratio: 0.71 (near median its 10-year median of 0.76)
  • GF Value™: kr0.91 vs. price of kr1.10 (20.9% above fair value)
  • GF Score™: 42/100 with 4 warning signs
  • Industry Position: 56.7% below the Biotechnology median (#216 of 681)

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


NextCell Pharma AB Business Description

Other Exchanges 65G:Germany
Address Karolinska Institutet Science Park, Halsovagen 7, Huddinge, SWE, 14157
NextCell Pharma AB is a healthcare services provider. The company is engaged in the research of stem cell and is developing the candidate drug ProTrans for the treatment of diabetes and immunosuppression in kidney transplants.
42GF Score

Get the complete analysis for OSTO:NXTCL

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

kr1.10
Price
kr0.91
GF Value