Mustang Bio (STU:2W60) Cyclically Adjusted PB Ratio: 0.00 (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

STU:2W60 Mustang Bio Inc STU:2W60
32 GF Score
Price €244.50
! 2 Warning Signs
View Full Analysis

What is Mustang Bio Cyclically Adjusted PB Ratio?

Mustang Bio STU:2W60 32 Cyclically Adjusted PB Ratio is 0.00 as of Aug. 12, 2026. GuruFocus rates STU:2W60 with a GF Score™ of 32/100. The stock has 2 warning signs investors should review. Among 693 Biotechnology companies, Mustang Bio ranks worse than 144300% on this metric.

As of today (2026-08-12), Mustang Bio's current share price is €244.50. Mustang Bio's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €150,047.07. Mustang Bio's Cyclically Adjusted PB Ratio for today is 0.00.

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

STU:2W60's Cyclically Adjusted PB Ratio is not ranked *
in the Biotechnology industry.
Industry Median: 1.62
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Mustang Bio's adjusted book value per share data for the three months ended in Jun. 2026 was €0.973. 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 €150,047.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mustang Bio  (STU:2W60) 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.


Mustang Bio Cyclically Adjusted PB Ratio Related Terms


Mustang Bio Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mustang Bio'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.

Mustang Bio Cyclically Adjusted PB Ratio Chart

Mustang Bio 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

Mustang Bio 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 0.00 0.00 0.00 0.00 0.00

STU:2W60 vs FBLG, ERNA, REVB: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Mustang Bio'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.


Mustang Bio Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


STU:2W60
32GF Score
Mustang Bio Inc STU:2W60
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustang Bio 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.

Mustang Bio's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=244.50/150047.07
=0.00

* 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.

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

For example, Mustang Bio'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)
=0.973/333.9520*333.9520
=0.973

Current CPI (Jun. 2026) = 333.9520.

Mustang Bio Quarterly Data

Book Value per Share CPI Adj_Book
201609 29.600 241.428 40.944
201612 230.140 241.432 318.333
201703 693.900 243.801 950.485
201706 614.760 244.955 838.114
201709 546.130 246.819 738.927
201712 505.580 246.524 684.880
201803 446.792 249.554 597.895
201806 433.078 251.989 573.943
201809 378.000 252.439 500.057
201812 313.647 251.233 416.916
201903 244.689 254.202 321.455
201906 574.800 256.143 749.408
201909 515.482 256.759 670.458
201912 426.486 256.974 554.242
202003 370.116 258.115 478.860
202006 488.946 257.797 633.384
202009 473.555 260.280 607.594
202012 535.854 260.474 687.015
202103 658.959 264.877 830.803
202106 636.767 271.696 782.675
202109 583.607 274.310 710.498
202112 549.580 278.802 658.293
202203 465.142 287.504 540.288
202206 395.816 296.311 446.097
202209 328.121 296.808 369.184
202212 220.616 296.797 248.234
202303 137.856 301.836 152.524
202306 12.759 305.109 13.965
202309 3.775 307.789 4.096
202312 0.112 306.746 0.122
202403 -4.390 312.332 -4.694
202406 -5.068 314.175 -5.387
202409 -4.930 315.301 -5.222
202412 -2.020 315.605 -2.137
202503 0.990 319.799 1.034
202506 0.573 322.561 0.593
202509 1.141 324.800 1.173
202512 1.115 324.054 1.149
202603 0.981 330.213 0.992
202606 0.973 333.952 0.973

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 0.00 mean?
Mustang Bio (STU:2W60) has a Cyclically Adjusted PB Ratio of 0.00 as of Aug. 12, 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 Mustang Bio and its competitors. According to the industry distribution chart, Mustang Bio ranks #999999 out of 693 companies in the Biotechnology industry.
Is Mustang Bio's Cyclically Adjusted PB Ratio too high?
Mustang Bio's current Cyclically Adjusted PB Ratio is 0.00. Based on the distribution chart, Mustang Bio ranks #999999 out of 693 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Mustang Bio has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Mustang Bio's Cyclically Adjusted PB Ratio compare to FBLG and ERNA?
According to the Biotechnology industry distribution chart, Mustang Bio ranks #999999 out of 693 companies for Cyclically Adjusted PB Ratio. This places Mustang Bio in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. 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 693 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. 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 Mustang Bio 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. Mustang Bio's current Cyclically Adjusted PB Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustang Bio stock overvalued right now?
Mustang Bio (STU:2W60) has a current Cyclically Adjusted PB Ratio of 0.00. The current Cyclically Adjusted PB Ratio is 0.00. Mustang Bio's overall GF Score™ is 32/100 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 Mustang Bio (STU:2W60), the current Cyclically Adjusted PB Ratio is 0.00 as of Aug. 12, 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.

Mustang Bio Business Description

Other Exchanges MBIO:USA
Address 95 Sawyer Road, Suite 110, Waltham, MA, USA, 02453
Mustang Bio Inc is a clinical-stage biopharmaceutical company focused on translating today's medical breakthroughs into potential cures for difficult-to-treat cancers. It acquires rights to these technologies by licensing or otherwise acquiring an ownership interest in the technologies, funding their research and development, and eventually either out-licensing or bringing the technologies to market. Its pipeline is currently focused on the core areas of gene therapies for rare genetic disorders, chimeric antigen receptor (CAR) engineered T cell (CAR T) therapies for hematologic malignancies, and CAR T therapies for solid tumors.
32GF Score

Get the complete analysis for STU:2W60

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

€244.50
Price