Voxel (STU:0NX) Cyclically Adjusted PB Ratio: 5.13 (As of Aug. 30, 2026) — 31% Above Median

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STU:0NX Voxel SA STU:0NX
97 GF Score
Price €29.85
GF Value €29.33
! 2 Warning Signs
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What is Voxel Cyclically Adjusted PB Ratio?

Voxel STU:0NX -0.33% 97 Cyclically Adjusted PB Ratio is 5.13 as of Aug. 30, 2026, which is 31% above its 10-year median of 3.92. GuruFocus rates STU:0NX with a GF Score™ of 97/100 and a GF Value™ of €29.33. The stock has 2 warning signs investors should review. Among 128 Medical Diagnostics & Research companies, Voxel ranks worse than 80.47% on this metric.

As of today (2026-08-30), Voxel's current share price is €29.85. Voxel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.82. Voxel's Cyclically Adjusted PB Ratio for today is 5.13.

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

STU:0NX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.92   Max: 7.83
Current: 5.08

During the past years, Voxel's highest Cyclically Adjusted PB Ratio was 7.83. The lowest was 1.98. And the median was 3.92.

STU:0NX's Cyclically Adjusted PB Ratio is ranked worse than
80.47% of 128 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.95 vs STU:0NX: 5.08

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.

Voxel's adjusted book value per share data for the three months ended in Mar. 2026 was €9.800. 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 €5.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Voxel  (STU:0NX) 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.


Voxel Cyclically Adjusted PB Ratio Related Terms


Voxel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Voxel'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.

Voxel Cyclically Adjusted PB Ratio Chart

Voxel 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 3.18 2.51 3.99 5.66 4.82

Voxel 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 6.14 6.78 6.67 4.82 3.99

STU:0NX vs TMO, DHR, IDXX: Cyclically Adjusted PB Ratio Comparison

For the Diagnostics & Research subindustry, Voxel'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.


Voxel Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Voxel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:0NX
97GF Score
Voxel SA STU:0NX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Voxel 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.

Voxel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.85/5.82
=5.13

* 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.

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

For example, Voxel'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)
=9.8/163.0700*163.0700
=9.800

Current CPI (Mar. 2026) = 163.0700.

Voxel Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.439 99.552 3.995
201609 2.483 99.064 4.087
201612 2.585 100.366 4.200
201703 2.670 101.018 4.310
201706 2.583 101.180 4.163
201709 2.682 101.343 4.316
201712 2.897 102.564 4.606
201803 2.983 102.564 4.743
201806 2.844 103.378 4.486
201809 2.986 103.378 4.710
201812 3.183 103.785 5.001
201903 3.293 104.274 5.150
201906 3.184 105.983 4.899
201909 3.318 105.983 5.105
201912 3.462 107.123 5.270
202003 3.543 109.076 5.297
202006 3.515 109.402 5.239
202009 3.566 109.320 5.319
202012 3.998 109.565 5.950
202103 4.370 112.658 6.325
202106 4.350 113.960 6.225
202109 4.567 115.588 6.443
202112 5.091 119.088 6.971
202203 5.347 125.031 6.974
202206 4.748 131.705 5.879
202209 5.106 135.531 6.144
202212 5.378 139.113 6.304
202303 5.637 145.950 6.298
202306 5.508 147.009 6.110
202309 6.023 146.113 6.722
202312 6.521 147.741 7.198
202403 6.948 149.044 7.602
202406 6.801 150.997 7.345
202409 7.365 153.439 7.827
202412 8.016 154.660 8.452
202503 8.556 157.021 8.886
202506 7.926 157.509 8.206
202509 8.539 158.000 8.813
202512 9.091 158.320 9.364
202603 9.800 163.070 9.800

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 5.13 mean?
Voxel (STU:0NX) has a Cyclically Adjusted PB Ratio of 5.13 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 Voxel and its competitors. This is 31% above median its historical median of 3.92. Over the past decade, Voxel's Cyclically Adjusted PB Ratio has ranged from 1.98 to 7.83. According to the industry distribution chart, Voxel ranks #103 out of 128 companies in the Medical Diagnostics & Research industry, placing it in the top 80.5%.
Is Voxel's Cyclically Adjusted PB Ratio too high?
Voxel's current Cyclically Adjusted PB Ratio of 5.13 is 31% above median its 10-year median of 3.92. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 7.83. The Medical Diagnostics & Research industry median Cyclically Adjusted PB Ratio is 1.95. Voxel's value of 5.13 is 163.1% above this industry median. Based on the distribution chart, Voxel ranks #103 out of 128 companies in the Medical Diagnostics & Research industry, which is in the bottom quartile relative to peers. Overall, Voxel has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Voxel's Cyclically Adjusted PB Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Voxel ranks #103 out of 128 companies for Cyclically Adjusted PB Ratio. This places Voxel in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.95. Voxel's value of 5.13 is 163.1% above this benchmark. Historically, Voxel's own Cyclically Adjusted PB Ratio has ranged from 1.98 to 7.83 over the past decade. While the company's 10-year median is 3.92 vs. the industry median of 1.95, Voxel has consistently been above 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 Medical Diagnostics & Research company?
The median Cyclically Adjusted PB Ratio among Medical Diagnostics & Research companies is 1.95, based on 128 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. Voxel's current Cyclically Adjusted PB Ratio of 5.13 is 163.1% above 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 Voxel and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PB Ratio is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voxel's current Cyclically Adjusted PB Ratio is 5.13, which is 31% above median its own 10-year median of 3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voxel stock overvalued right now?
Voxel (STU:0NX) has a current Cyclically Adjusted PB Ratio of 5.13. The stock's GF Value™ is €29.33, compared to a current price of €29.85 — trading 1.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.13, which is 31% above median its 10-year median of 3.92 and 163.1% above the Medical Diagnostics & Research industry median of 1.95. Voxel's overall GF Score™ is 97/100 with 2 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 Voxel (STU:0NX), the current Cyclically Adjusted PB Ratio is 5.13 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 Voxel (STU:0NX) Overvalued in 2026?

Based on GuruFocus' analysis, Voxel stock appears to be overvalued. The current stock price of €29.85 is trading 1.8% above its estimated GF Value™ of €29.33.

Key valuation signals for STU:0NX:

  • Cyclically Adjusted PB Ratio: 5.13 (31% above median its 10-year median of 3.92)
  • GF Value™: €29.33 vs. price of €29.85 (1.8% above fair value)
  • GF Score™: 97/100 with 2 warning signs
  • Industry Position: 163.1% above the Medical Diagnostics & Research median (#103 of 128)

No single metric tells the full story. See the STU:0NX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voxel Business Description

Other Exchanges VOX:Poland0NX:Germany
Address ulica Wielicka 265, Krakow, POL, 30-663
Voxel SA is a network of diagnostic imaging laboratories created for patients and to increase access to high-quality tests. The company operates diagnostic imaging centers and laboratories and provides several services such as magnetic resonance imaging, computed tomography and positron emission tomography. It has 33 specialised laboratories in 21 cities throughout Poland.
97GF Score

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

€29.85
Price
€29.33
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