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Zelluna ASA (OSTO:ULTIO) Cyclically Adjusted PB Ratio : 0.17 (As of Jun. 04, 2025)


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What is Zelluna ASA Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Zelluna ASA's current share price is kr21.95. Zelluna ASA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was kr126.28. Zelluna ASA's Cyclically Adjusted PB Ratio for today is 0.17.

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

OSTO:ULTIo' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.11
Current: 0.11

During the past 10 years, Zelluna ASA's highest Cyclically Adjusted PB Ratio was 0.11. The lowest was 0.00. And the median was 0.00.

OSTO:ULTIo's Cyclically Adjusted PB Ratio is ranked better than
87.54% of 674 companies
in the Biotechnology industry
Industry Median: 1.475 vs OSTO:ULTIo: 0.11

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.

Zelluna ASA's adjusted book value per share data of for the fiscal year that ended in Dec24 was kr24.025. 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 kr126.28 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zelluna ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zelluna ASA'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.

* Premium members only.

Zelluna ASA Cyclically Adjusted PB Ratio Chart

Zelluna ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.19

Zelluna ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - - 0.19 -

Competitive Comparison of Zelluna ASA's Cyclically Adjusted PB Ratio

For the Biotechnology subindustry, Zelluna ASA'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.


Zelluna ASA's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

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

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


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Zelluna ASA 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.

Zelluna ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.95/126.28
=0.17

* 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.

Zelluna ASA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Zelluna ASA's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=24.025/134.8000*134.8000
=24.025

Current CPI (Dec24) = 134.8000.

Zelluna ASA Annual Data

Book Value per Share CPI Adj_Book
201512 0.000 100.900 0.000
201612 49.107 104.400 63.406
201712 107.824 106.100 136.990
201812 57.396 109.800 70.464
201912 159.595 111.300 193.292
202012 152.619 112.900 182.224
202112 173.335 118.900 196.514
202212 130.625 125.900 139.859
202312 81.195 131.900 82.980
202412 24.025 134.800 24.025

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.


Zelluna ASA  (OSTO:ULTIo) 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.


Zelluna ASA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Zelluna ASA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Zelluna ASA Business Description

Industry
Traded in Other Exchanges
Address
Ullernchausseen 64, Oslo, NOR, 0379
Zelluna ASA is a clinical-stage biotechnology company developing novel immunotherapies against cancer and the development of T-Cell Receptor Natural Killer cell therapies for the treatment of solid cancers. The company's current pipeline consists of allogeneic TCR-NK R&D programs ZI-MA4-1, ZI-KL1-1, and ZI-PR-1 targeting well validated antigens expressed across a broad range of solid tumors.

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