OBI Pharma (ROCO:4174) Cyclically Adjusted PB Ratio: 0.49 (As of Aug. 15, 2026) — 75% Below Median

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ROCO:4174 OBI Pharma Inc ROCO:4174
28 GF Score
Price NT$26.35
! 8 Warning Signs
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What is OBI Pharma Cyclically Adjusted PB Ratio?

OBI Pharma ROCO:4174 -1.50% 28 Cyclically Adjusted PB Ratio is 0.49 as of Aug. 15, 2026, which is 75% below its 10-year median of 1.97. GuruFocus rates ROCO:4174 with a GF Score™ of 28/100. The stock has 8 warning signs investors should review. Among 692 Biotechnology companies, OBI Pharma ranks better than 75.58% on this metric.

As of today (2026-08-15), OBI Pharma's current share price is NT$26.35. OBI Pharma's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$54.24. OBI Pharma's Cyclically Adjusted PB Ratio for today is 0.49.

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

ROCO:4174' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.97   Max: 3.07
Current: 0.48

During the past years, OBI Pharma's highest Cyclically Adjusted PB Ratio was 3.07. The lowest was 0.46. And the median was 1.97.

ROCO:4174's Cyclically Adjusted PB Ratio is ranked better than
75.58% of 692 companies
in the Biotechnology industry
Industry Median: 1.62 vs ROCO:4174: 0.48

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.

OBI Pharma's adjusted book value per share data for the three months ended in Mar. 2026 was NT$11.138. 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 NT$54.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


OBI Pharma  (ROCO:4174) 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.


OBI Pharma Cyclically Adjusted PB Ratio Related Terms


OBI Pharma Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for OBI Pharma'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.

OBI Pharma Cyclically Adjusted PB Ratio Chart

OBI Pharma 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 2.29 2.20 1.85 0.97

OBI Pharma 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 1.89 1.09 0.90 0.97 0.69

ROCO:4174 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, OBI Pharma'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.


OBI Pharma Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


ROCO:4174
28GF Score
OBI Pharma Inc ROCO:4174
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OBI Pharma 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.35/54.24
=0.49

* 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.

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

For example, OBI Pharma'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)
=11.138/330.2130*330.2130
=11.138

Current CPI (Mar. 2026) = 330.2130.

OBI Pharma Quarterly Data

Book Value per Share CPI Adj_Book
201606 75.469 241.018 103.398
201609 72.463 241.428 99.111
201612 70.492 241.432 96.414
201703 66.029 243.801 89.432
201706 63.975 244.955 86.242
201709 60.920 246.819 81.503
201712 57.918 246.524 77.580
201803 57.962 249.554 76.696
201806 57.386 251.989 75.200
201809 53.240 252.439 69.643
201812 48.981 251.233 64.379
201903 47.088 254.202 61.168
201906 61.903 256.143 79.804
201909 58.469 256.759 75.196
201912 58.142 256.974 74.713
202003 50.309 258.115 64.362
202006 47.202 257.797 60.461
202009 43.400 260.280 55.061
202012 41.851 260.474 53.056
202103 39.935 264.877 49.786
202106 35.340 271.696 42.951
202109 32.186 274.310 38.745
202112 26.869 278.802 31.824
202203 48.758 287.504 56.001
202206 45.912 296.311 51.165
202209 44.826 296.808 49.871
202212 40.256 296.797 44.788
202303 38.506 301.836 42.126
202306 42.304 305.109 45.785
202309 37.522 307.789 40.256
202312 33.014 306.746 35.540
202403 28.598 312.332 30.235
202406 24.899 314.175 26.170
202409 20.473 315.301 21.441
202412 29.012 315.605 30.355
202503 25.146 319.799 25.965
202506 20.079 322.561 20.555
202509 16.629 324.800 16.906
202512 14.353 324.054 14.626
202603 11.138 330.213 11.138

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 0.49 mean?
OBI Pharma (ROCO:4174) has a Cyclically Adjusted PB Ratio of 0.49 as of Aug. 15, 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 OBI Pharma and its competitors. This is 75% below median its historical median of 1.97. Over the past decade, OBI Pharma's Cyclically Adjusted PB Ratio has ranged from 0.46 to 3.07. According to the industry distribution chart, OBI Pharma ranks #169 out of 692 companies in the Biotechnology industry, placing it in the top 24.4%.
Is OBI Pharma's Cyclically Adjusted PB Ratio too high?
OBI Pharma's current Cyclically Adjusted PB Ratio of 0.49 is 75% below median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 3.07. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. OBI Pharma's value of 0.49 is 69.8% below this industry median. Based on the distribution chart, OBI Pharma ranks #169 out of 692 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, OBI Pharma has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does OBI Pharma's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, OBI Pharma ranks #169 out of 692 companies for Cyclically Adjusted PB Ratio. This places OBI Pharma in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.62. OBI Pharma's value of 0.49 is 69.8% below this benchmark. Historically, OBI Pharma's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 3.07 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 1.62, OBI Pharma 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 1.62, based on 692 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. OBI Pharma's current Cyclically Adjusted PB Ratio of 0.49 is 69.8% 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 OBI Pharma and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OBI Pharma's current Cyclically Adjusted PB Ratio is 0.49, which is 75% below median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBI Pharma stock overvalued right now?
OBI Pharma (ROCO:4174) has a current Cyclically Adjusted PB Ratio of 0.49. The current Cyclically Adjusted PB Ratio is 0.49, which is 75% below median its 10-year median of 1.97 and 69.8% below the Biotechnology industry median of 1.62. OBI Pharma's overall GF Score™ is 28/100 with 8 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 OBI Pharma (ROCO:4174), the current Cyclically Adjusted PB Ratio is 0.49 as of Aug. 15, 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.

OBI Pharma Business Description

Address Zhongxiao East Road, 6th Floor, No. 508, Section 7, Nangang District, Taipei, TWN, 115
OBI Pharma Inc is engaged in the research and development of novel therapeutic agents and biologics for patients with unmet medical needs. The company has three reportable segments: the anti-cancer new drug segment, the botulinum toxin new drug segment, and the CDMO segment. Geographically, it generates the majority of its revenue from Taiwan.
28GF Score

Get the complete analysis for ROCO:4174

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

NT$26.35
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