ProQR Therapeutics NV (STU:0PQ) Cyclically Adjusted PB Ratio: 1.14 (As of Sep. 10, 2026) — 43% Above Median

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STU:0PQ ProQR Therapeutics NV STU:0PQ
51 GF Score
Price €1.70
GF Value €2.02
Valuation Modestly Undervalued
! 2 Warning Signs
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What is ProQR Therapeutics NV Cyclically Adjusted PB Ratio?

ProQR Therapeutics NV STU:0PQ -2.86% 51 Cyclically Adjusted PB Ratio is 1.14 as of Sep. 10, 2026, which is 43% above its 10-year median of 0.80. GuruFocus rates STU:0PQ with a GF Score™ of 51/100 and a GF Value™ of €2.02 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 682 Biotechnology companies, ProQR Therapeutics NV ranks better than 58.36% on this metric.

As of today (2026-09-10), ProQR Therapeutics NV's current share price is €1.701. ProQR Therapeutics NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.49. ProQR Therapeutics NV's Cyclically Adjusted PB Ratio for today is 1.14.

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

STU:0PQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.8   Max: 1.68
Current: 1.15

During the past years, ProQR Therapeutics NV's highest Cyclically Adjusted PB Ratio was 1.68. The lowest was 0.42. And the median was 0.80.

STU:0PQ's Cyclically Adjusted PB Ratio is ranked better than
58.36% of 682 companies
in the Biotechnology industry
Industry Median: 1.645 vs STU:0PQ: 1.15

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.

ProQR Therapeutics NV's adjusted book value per share data for the three months ended in Jun. 2026 was €0.563. 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 €1.49 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ProQR Therapeutics NV  (STU:0PQ) 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.


ProQR Therapeutics NV Cyclically Adjusted PB Ratio Related Terms


ProQR Therapeutics NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ProQR Therapeutics NV'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.

ProQR Therapeutics NV Cyclically Adjusted PB Ratio Chart

ProQR Therapeutics NV 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 0.71 1.10 1.05

ProQR Therapeutics NV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.94 1.04 1.05 0.89 1.08

STU:0PQ vs NWBO, IMRX, VNDA: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, ProQR Therapeutics NV'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.


ProQR Therapeutics NV Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


STU:0PQ
51GF Score
ProQR Therapeutics NV STU:0PQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ProQR Therapeutics NV 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.

ProQR Therapeutics NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.701/1.49
=1.14

* 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.

ProQR Therapeutics NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ProQR Therapeutics NV's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.563/137.7700*137.7700
=0.563

Current CPI (Jun. 2026) = 137.7700.

ProQR Therapeutics NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.631 100.570 3.604
201612 2.276 100.710 3.114
201703 1.916 101.440 2.602
201706 1.526 101.370 2.074
201709 1.286 102.030 1.736
201712 1.233 101.970 1.666
201803 0.926 102.470 1.245
201806 0.716 103.100 0.957
201809 2.649 103.950 3.511
201812 2.390 103.970 3.167
201903 2.086 105.370 2.727
201906 1.815 105.840 2.363
201909 1.539 106.700 1.987
201912 1.896 106.800 2.446
202003 1.638 106.850 2.112
202006 1.597 107.510 2.046
202009 1.369 107.880 1.748
202012 1.137 107.850 1.452
202103 0.974 108.870 1.233
202106 1.761 109.670 2.212
202109 1.807 110.790 2.247
202112 1.597 114.010 1.930
202203 1.413 119.460 1.630
202206 1.224 119.050 1.416
202209 0.909 126.890 0.987
202212 0.830 124.940 0.915
202303 0.729 124.720 0.805
202306 0.640 125.830 0.701
202309 0.571 127.160 0.619
202312 0.509 126.450 0.555
202403 0.426 128.580 0.456
202406 0.402 129.910 0.426
202409 0.306 131.610 0.320
202412 0.842 131.630 0.881
202503 0.749 133.330 0.774
202506 0.636 133.960 0.654
202509 0.542 135.920 0.549
202512 0.469 135.270 0.478
202603 0.357 136.910 0.359
202606 0.563 137.770 0.563

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 1.14 mean?
ProQR Therapeutics NV (STU:0PQ) has a Cyclically Adjusted PB Ratio of 1.14 as of Sep. 10, 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 ProQR Therapeutics NV and its competitors. This is 43% above median its historical median of 0.80. Over the past decade, ProQR Therapeutics NV's Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.68. According to the industry distribution chart, ProQR Therapeutics NV ranks #284 out of 682 companies in the Biotechnology industry, placing it in the top 41.6%.
Is ProQR Therapeutics NV's Cyclically Adjusted PB Ratio too high?
ProQR Therapeutics NV's current Cyclically Adjusted PB Ratio of 1.14 is 43% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.68. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.65. ProQR Therapeutics NV's value of 1.14 is 30.7% below this industry median. Based on the distribution chart, ProQR Therapeutics NV ranks #284 out of 682 companies in the Biotechnology industry, which is above the industry midpoint. Overall, ProQR Therapeutics NV has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ProQR Therapeutics NV's Cyclically Adjusted PB Ratio compare to NWBO and IMRX?
According to the Biotechnology industry distribution chart, ProQR Therapeutics NV ranks #284 out of 682 companies for Cyclically Adjusted PB Ratio. This puts ProQR Therapeutics NV in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. ProQR Therapeutics NV's value of 1.14 is 30.7% below this benchmark. Historically, ProQR Therapeutics NV's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.68 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.65, ProQR Therapeutics NV 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 1.65, based on 682 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. ProQR Therapeutics NV's current Cyclically Adjusted PB Ratio of 1.14 is 30.7% 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 ProQR Therapeutics NV and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ProQR Therapeutics NV's current Cyclically Adjusted PB Ratio is 1.14, which is 43% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProQR Therapeutics NV stock overvalued right now?
Based on GuruFocus' analysis, ProQR Therapeutics NV (STU:0PQ) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.02, compared to a current price of €1.70 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.14, which is 43% above median its 10-year median of 0.80 and 30.7% below the Biotechnology industry median of 1.65. ProQR Therapeutics NV's overall GF Score™ is 51/100 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 ProQR Therapeutics NV (STU:0PQ), the current Cyclically Adjusted PB Ratio is 1.14 as of Sep. 10, 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 ProQR Therapeutics NV (STU:0PQ) Overvalued in 2026?

Based on GuruFocus' analysis, ProQR Therapeutics NV stock appears to be undervalued. The current stock price of €1.70 is trading 15.8% below its estimated GF Value™ of €2.02. GuruFocus considers ProQR Therapeutics NV to be Modestly Undervalued.

Key valuation signals for STU:0PQ:

  • Cyclically Adjusted PB Ratio: 1.14 (43% above median its 10-year median of 0.80)
  • GF Value™: €2.02 vs. price of €1.70 (15.8% below fair value)
  • GF Score™: 51/100 with 2 warning signs
  • Industry Position: 30.7% below the Biotechnology median (#284 of 682)

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


ProQR Therapeutics NV Business Description

Other Exchanges PRQR:USA
Address Zernikedreef 9, Leiden, ZH, NLD, 2333 CK
ProQR Therapeutics NV is a biopharmaceutical company. It discovers and develops RNA therapeutics for patients with severe genetic rare diseases such as cystic fibrosis, Leber congenital amaurosis type 10, and dystrophic epidermolysis bullosa. The only reportable segment of the company is the discovery and development of different, RNA-based therapeutics. Geographically, the company operates in United States.
51GF Score

Get the complete analysis for STU:0PQ

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

€1.70
Price
€2.02
GF Value