SNWV (SANUWAVE Health) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

SNWV SANUWAVE Health Inc SNWV
34 GF Score
Price $5.88
GF Value $12.10
Valuation Possible Value Trap
! 8 Warning Signs
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What is SANUWAVE Health Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SANUWAVE Health  (NAS:SNWV) 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.


SANUWAVE Health Cyclically Adjusted PB Ratio Related Terms


SANUWAVE Health Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SANUWAVE Health'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.

SANUWAVE Health Cyclically Adjusted PB Ratio Chart

SANUWAVE Health 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 0.00

SANUWAVE Health 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 0.00 0.00 0.00 0.00

SNWV vs RTGN, NNOX, LNSR: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, SANUWAVE Health'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.


SANUWAVE Health Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SANUWAVE Health's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SNWV
34GF Score
SANUWAVE Health Inc SNWV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SANUWAVE Health 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.

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

For example, SANUWAVE Health'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)
=0.214/330.2130*330.2130
=0.214

Current CPI (Mar. 2026) = 330.2130.

SANUWAVE Health Quarterly Data

Book Value per Share CPI Adj_Book
201606 -22.032 241.018 -30.186
201609 -15.423 241.428 -21.095
201612 -18.885 241.432 -25.830
201703 -19.646 243.801 -26.609
201706 -22.084 244.955 -29.770
201709 -24.321 246.819 -32.538
201712 -26.633 246.524 -35.674
201803 -37.061 249.554 -49.040
201806 -35.951 251.989 -47.111
201809 -32.531 252.439 -42.553
201812 -37.002 251.233 -48.634
201903 -36.668 254.202 -47.632
201906 -32.517 256.143 -41.920
201909 -20.333 256.759 -26.150
201912 -12.853 256.974 -16.516
202003 -15.821 258.115 -20.240
202006 -18.391 257.797 -23.557
202009 -0.702 260.280 -0.891
202012 -10.931 260.474 -13.858
202103 -12.954 264.877 -16.149
202106 -19.667 271.696 -23.903
202109 -22.978 274.310 -27.661
202112 -30.341 278.802 -35.936
202203 -27.113 287.504 -31.141
202206 -23.955 296.311 -26.696
202209 -22.455 296.808 -24.982
202212 -28.031 296.797 -31.187
202303 -36.296 301.836 -39.708
202306 -40.613 305.109 -43.955
202309 -24.106 307.789 -25.862
202312 -14.199 306.746 -15.285
202403 -15.651 312.332 -16.547
202406 -12.573 314.175 -13.215
202409 -19.131 315.301 -20.036
202412 -1.849 315.605 -1.935
202503 -2.023 319.799 -2.089
202506 -1.724 322.561 -1.765
202509 -0.342 324.800 -0.348
202512 0.188 324.054 0.192
202603 0.214 330.213 0.214

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.

Is SANUWAVE Health (SNWV) Overvalued in 2026?

Based on GuruFocus' analysis, SANUWAVE Health stock appears to be undervalued. The current stock price of $5.88 is trading 51.4% below its estimated GF Value™ of $12.10. GuruFocus considers SANUWAVE Health to be Possible Value Trap.

Key valuation signals for SNWV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $12.10 vs. price of $5.88 (51.4% below fair value)
  • GF Score™: 34/100 with 8 warning signs

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


SANUWAVE Health Business Description

Address 9600 W. 76th Street, Suite 118, Eden Prairie, MN, USA, 55344
SANUWAVE Health Inc is a medical device company providing directed energy products into the wound care space. It is focused on the commercialization of its patented regenerative medicine utilizing noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. Sanuwave's patented, FDA-cleared, and commercialised product is the UltraMIST system, which is used to treat a variety of acute and chronic wounds using ultrasound technology. The company operates in one reportable segment, the design and sale of medical devices. Geographically, the company generates revenue mainly from the United States.
34GF Score

Get the complete analysis for SNWV

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

$5.88
Price
$12.10
GF Value