Axsome Therapeutics (STU:19X) Cyclically Adjusted PB Ratio: 94.67 (As of Aug. 14, 2026) — 91% Above Median

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STU:19X Axsome Therapeutics Inc STU:19X
36 GF Score
Price €185.55
! 1 Warning Sign
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What is Axsome Therapeutics Cyclically Adjusted PB Ratio?

Axsome Therapeutics STU:19X -0.24% 36 Cyclically Adjusted PB Ratio is 94.67 as of Aug. 14, 2026, which is 91% above its 10-year median of 49.54. GuruFocus rates STU:19X with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 694 Biotechnology companies, Axsome Therapeutics ranks worse than 98.99% on this metric.

As of today (2026-08-14), Axsome Therapeutics's current share price is €185.55. Axsome Therapeutics's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.96. Axsome Therapeutics's Cyclically Adjusted PB Ratio for today is 94.67.

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

STU:19X' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 32.96   Med: 49.54   Max: 113.92
Current: 95.84

During the past years, Axsome Therapeutics's highest Cyclically Adjusted PB Ratio was 113.92. The lowest was 32.96. And the median was 49.54.

STU:19X's Cyclically Adjusted PB Ratio is ranked worse than
98.99% of 694 companies
in the Biotechnology industry
Industry Median: 1.63 vs STU:19X: 95.84

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.

Axsome Therapeutics's adjusted book value per share data for the three months ended in Jun. 2026 was €1.383. 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 €1.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axsome Therapeutics  (STU:19X) 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.


Axsome Therapeutics Cyclically Adjusted PB Ratio Related Terms


Axsome Therapeutics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Axsome Therapeutics'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.

Axsome Therapeutics Cyclically Adjusted PB Ratio Chart

Axsome Therapeutics 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 38.90 81.35

Axsome Therapeutics 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 46.49 53.04 81.35 75.47 109.19

STU:19X vs MDGL, ARWR, BMRN: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Axsome Therapeutics'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.


Axsome Therapeutics Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


STU:19X
36GF Score
Axsome Therapeutics Inc STU:19X
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Axsome Therapeutics 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=185.55/1.96
=94.67

* 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.

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

For example, Axsome Therapeutics'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)
=1.383/333.9520*333.9520
=1.383

Current CPI (Jun. 2026) = 333.9520.

Axsome Therapeutics Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.311 241.428 1.813
201612 1.067 241.432 1.476
201703 1.163 243.801 1.593
201706 0.858 244.955 1.170
201709 0.597 246.819 0.808
201712 0.554 246.524 0.750
201803 0.399 249.554 0.534
201806 0.229 251.989 0.303
201809 0.024 252.439 0.032
201812 0.027 251.233 0.036
201903 0.462 254.202 0.607
201906 0.626 256.143 0.816
201909 0.180 256.759 0.234
201912 4.355 256.974 5.660
202003 3.812 258.115 4.932
202006 3.675 257.797 4.761
202009 3.075 260.280 3.945
202012 2.503 260.474 3.209
202103 2.153 264.877 2.714
202106 1.575 271.696 1.936
202109 0.963 274.310 1.172
202112 0.366 278.802 0.438
202203 0.343 287.504 0.398
202206 0.360 296.311 0.406
202209 3.660 296.808 4.118
202212 2.378 296.797 2.676
202303 2.398 301.836 2.653
202306 5.525 305.109 6.047
202309 5.337 307.789 5.791
202312 3.698 306.746 4.026
202403 2.792 312.332 2.985
202406 1.999 314.175 2.125
202409 1.728 315.301 1.830
202412 1.119 315.605 1.184
202503 1.000 319.799 1.044
202506 1.272 322.561 1.317
202509 1.249 324.800 1.284
202512 1.482 324.054 1.527
202603 0.918 330.213 0.928
202606 1.383 333.952 1.383

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 94.67 mean?
Axsome Therapeutics (STU:19X) has a Cyclically Adjusted PB Ratio of 94.67 as of Aug. 14, 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 Axsome Therapeutics and its competitors. This is 91% above median its historical median of 49.54. Over the past decade, Axsome Therapeutics' Cyclically Adjusted PB Ratio has ranged from 32.96 to 113.92. According to the industry distribution chart, Axsome Therapeutics ranks #687 out of 694 companies in the Biotechnology industry, placing it in the top 99%.
Is Axsome Therapeutics' Cyclically Adjusted PB Ratio too high?
Axsome Therapeutics' current Cyclically Adjusted PB Ratio of 94.67 is 91% above median its 10-year median of 49.54. Over the past 10 years, this metric has ranged from a low of 32.96 to a high of 113.92. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.63. Axsome Therapeutics' value of 94.67 is 5708% above this industry median. Based on the distribution chart, Axsome Therapeutics ranks #687 out of 694 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Axsome Therapeutics has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Axsome Therapeutics' Cyclically Adjusted PB Ratio compare to MDGL and ARWR?
According to the Biotechnology industry distribution chart, Axsome Therapeutics ranks #687 out of 694 companies for Cyclically Adjusted PB Ratio. This places Axsome Therapeutics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. Axsome Therapeutics' value of 94.67 is 5708% above this benchmark. Historically, Axsome Therapeutics' own Cyclically Adjusted PB Ratio has ranged from 32.96 to 113.92 over the past decade. While the company's 10-year median is 49.54 vs. the industry median of 1.63, Axsome Therapeutics 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.63, based on 694 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. Axsome Therapeutics's current Cyclically Adjusted PB Ratio of 94.67 is 5708% 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 Axsome Therapeutics and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axsome Therapeutics's current Cyclically Adjusted PB Ratio is 94.67, which is 91% above median its own 10-year median of 49.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axsome Therapeutics stock overvalued right now?
Axsome Therapeutics (STU:19X) has a current Cyclically Adjusted PB Ratio of 94.67. The current Cyclically Adjusted PB Ratio is 94.67, which is 91% above median its 10-year median of 49.54 and 5708% above the Biotechnology industry median of 1.63. Axsome Therapeutics' overall GF Score™ is 36/100 with 1 warning sign 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 Axsome Therapeutics (STU:19X), the current Cyclically Adjusted PB Ratio is 94.67 as of Aug. 14, 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.

Axsome Therapeutics Business Description

Other Exchanges AXSM:USA1AXSM:Italy0HKF:UK
Address One World Trade Center, 29th Floor, New York, NY, USA, 10007
Axsome Therapeutics Inc is a clinical-stage biopharmaceutical company. It is engaged in developing novel therapies for the management of the central nervous system, or CNS, disorders for which there are limited treatment options. Its pipeline products include AXS-05, AXS-07, AXS-12, and AXS-14. It manages its business as one operating segment and reporting unit, which is the business of developing and delivering novel therapies for the management of CNS disorders.
36GF 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.

€185.55
Price