Beyond Air (STU:48L) Cyclically Adjusted PB Ratio: 0.05 (As of Aug. 07, 2026) — 50% Below Median

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:48L Beyond Air Inc STU:48L
25 GF Score
Price €68.40
GF Value €1,649.55
! 7 Warning Signs
View Full Analysis

What is Beyond Air Cyclically Adjusted PB Ratio?

Beyond Air STU:48L 25 Cyclically Adjusted PB Ratio is 0.05 as of Aug. 07, 2026, which is 50% below its 10-year median of 0.10. GuruFocus rates STU:48L with a GF Score™ of 25/100 and a GF Value™ of €1,649.55. The stock has 7 warning signs investors should review. Among 520 Medical Devices & Instruments companies, Beyond Air ranks better than 99.42% on this metric.

As of today (2026-08-07), Beyond Air's current share price is €68.40. Beyond Air's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1,321.08. Beyond Air's Cyclically Adjusted PB Ratio for today is 0.05.

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

STU:48L' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.1   Max: 0.34
Current: 0.02

During the past years, Beyond Air's highest Cyclically Adjusted PB Ratio was 0.34. The lowest was 0.02. And the median was 0.10.

STU:48L's Cyclically Adjusted PB Ratio is ranked better than
99.42% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.755 vs STU:48L: 0.02

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.

Beyond Air's adjusted book value per share data for the three months ended in Mar. 2026 was €8.981. 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 €1,321.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beyond Air  (STU:48L) 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.


Beyond Air Cyclically Adjusted PB Ratio Related Terms


Beyond Air Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beyond Air'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.

Beyond Air Cyclically Adjusted PB Ratio Chart

Beyond Air Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.38 0.05

Beyond Air 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 0.38 0.25 0.17 0.05 0.05

STU:48L vs POAS, RMSL, LUDG: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Beyond Air'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.


Beyond Air Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


STU:48L
25GF Score
Beyond Air Inc STU:48L
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beyond Air 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.

Beyond Air's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.40/1321.08
=0.05

* 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.

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

For example, Beyond Air'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)
=8.981/330.2130*330.2130
=8.981

Current CPI (Mar. 2026) = 330.2130.

Beyond Air Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 -1,113.500 241.432 -1,522.964
201703 50.938 243.801 68.992
201706 -11.133 244.955 -15.008
201709 -384.067 246.819 -513.834
201712 -472.000 246.524 -632.233
201803 59.619 249.554 78.889
201806 -55.905 251.989 -73.259
201809 -204.333 252.439 -267.286
201812 102.810 251.233 135.130
201903 161.909 254.202 210.323
201906 267.538 256.143 344.903
201909 185.630 256.759 238.735
201912 308.971 256.974 397.029
202003 409.325 258.115 523.660
202006 385.667 257.797 494.002
202009 318.465 260.280 404.031
202012 307.543 260.474 389.884
202103 465.255 264.877 580.017
202106 478.690 271.696 581.789
202109 552.111 274.310 664.628
202112 1,074.571 278.802 1,272.722
202203 880.200 287.504 1,010.955
202206 834.000 296.311 929.421
202209 791.907 296.808 881.034
202212 641.240 296.797 713.436
202303 459.909 301.836 503.147
202306 414.241 305.109 448.324
202309 301.550 307.789 323.519
202312 214.461 306.746 230.868
202403 200.383 312.332 211.855
202406 130.304 314.175 136.956
202409 140.789 315.301 147.448
202412 90.586 315.605 94.779
202503 60.990 319.799 62.976
202506 36.626 322.561 37.495
202509 27.123 324.800 27.575
202512 16.493 324.054 16.806
202603 8.981 330.213 8.981

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 0.05 mean?
Beyond Air (STU:48L) has a Cyclically Adjusted PB Ratio of 0.05 as of Aug. 07, 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 Beyond Air and its competitors. This is 50% below median its historical median of 0.10. Over the past decade, Beyond Air's Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.34. According to the industry distribution chart, Beyond Air ranks #3 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 0.59999999999999%.
Is Beyond Air's Cyclically Adjusted PB Ratio too high?
Beyond Air's current Cyclically Adjusted PB Ratio of 0.05 is 50% below median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.34. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.76. Beyond Air's value of 0.05 is 97.2% below this industry median. Based on the distribution chart, Beyond Air ranks #3 out of 520 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Beyond Air has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Beyond Air's Cyclically Adjusted PB Ratio compare to POAS and RMSL?
According to the Medical Devices & Instruments industry distribution chart, Beyond Air ranks #3 out of 520 companies for Cyclically Adjusted PB Ratio. This places Beyond Air in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.76. Beyond Air's value of 0.05 is 97.2% below this benchmark. Historically, Beyond Air's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.34 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 1.76, Beyond Air 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.76, based on 520 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. Beyond Air's current Cyclically Adjusted PB Ratio of 0.05 is 97.2% 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 Beyond Air and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Air's current Cyclically Adjusted PB Ratio is 0.05, which is 50% below median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Air stock overvalued right now?
Beyond Air (STU:48L) has a current Cyclically Adjusted PB Ratio of 0.05. The stock's GF Value™ is €1,649.55, compared to a current price of €68.40 — trading 95.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 50% below median its 10-year median of 0.10 and 97.2% below the Medical Devices & Instruments industry median of 1.76. Beyond Air's overall GF Score™ is 25/100 with 7 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 Beyond Air (STU:48L), the current Cyclically Adjusted PB Ratio is 0.05 as of Aug. 07, 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 Beyond Air (STU:48L) Overvalued in 2026?

Based on GuruFocus' analysis, Beyond Air stock appears to be undervalued. The current stock price of €68.40 is trading 95.9% below its estimated GF Value™ of €1,649.55.

Key valuation signals for STU:48L:

  • Cyclically Adjusted PB Ratio: 0.05 (50% below median its 10-year median of 0.10)
  • GF Value™: €1,649.55 vs. price of €68.40 (95.9% below fair value)
  • GF Score™: 25/100 with 7 warning signs
  • Industry Position: 97.2% below the Medical Devices & Instruments median (#3 of 520)

No single metric tells the full story. See the STU:48L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beyond Air Business Description

Other Exchanges XAIR:USA
Address 900 Stewart Avenue, Suite 301, Garden City, New York, NY, USA, 11530
Beyond Air Inc is a commercial-stage medical device and biopharmaceutical company that develops a Nitric Oxide (NO) Generator and Delivery System that uses NO generated from ambient air and delivers precise amounts of NO to the lungs for the potential treatment of respiratory and other diseases. The firm is applying its therapeutic expertise to develop treatments for pulmonary hypertension, in addition to treatments for lower respiratory tract infections.
25GF Score

Get the complete analysis for STU:48L

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

€68.40
Price
€1,649.55
GF Value