Krystal Biotech (STU:4KB) Cyclically Adjusted PB Ratio: 14.95 (As of Sep. 16, 2026) — Near 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:4KB Krystal Biotech Inc STU:4KB
62 GF Score
Price €289.80
GF Value €291.96
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Krystal Biotech Cyclically Adjusted PB Ratio?

Krystal Biotech STU:4KB -1.56% 62 Cyclically Adjusted PB Ratio is 14.95 as of Sep. 16, 2026, which is 4% below its 10-year median of 15.57. GuruFocus rates STU:4KB with a GF Score™ of 62/100 and a GF Value™ of €291.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 680 Biotechnology companies, Krystal Biotech ranks worse than 92.21% on this metric.

As of today (2026-09-16), Krystal Biotech's current share price is €289.80. Krystal Biotech's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €19.39. Krystal Biotech's Cyclically Adjusted PB Ratio for today is 14.95.

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

STU:4KB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 14.65   Med: 15.57   Max: 16.83
Current: 15.57

During the past years, Krystal Biotech's highest Cyclically Adjusted PB Ratio was 16.83. The lowest was 14.65. And the median was 15.57.

STU:4KB's Cyclically Adjusted PB Ratio is ranked worse than
92.21% of 680 companies
in the Biotechnology industry
Industry Median: 1.575 vs STU:4KB: 15.57

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.

Krystal Biotech's adjusted book value per share data for the three months ended in Jun. 2026 was €40.167. 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 €19.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Krystal Biotech  (STU:4KB) 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.


Krystal Biotech Cyclically Adjusted PB Ratio Related Terms


Krystal Biotech Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Krystal Biotech'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.

Krystal Biotech Cyclically Adjusted PB Ratio Chart

Krystal Biotech 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 11.96

Krystal Biotech 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 12.21 11.92 16.72

STU:4KB vs AXSM, APGE, IONS: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Krystal Biotech'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.


Krystal Biotech Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


STU:4KB
62GF Score
Krystal Biotech Inc STU:4KB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Krystal Biotech 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.

Krystal Biotech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=289.80/19.385
=14.95

* 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.

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

For example, Krystal Biotech'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)
=40.167/333.9520*333.9520
=40.167

Current CPI (Jun. 2026) = 333.9520.

Krystal Biotech Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 -0.103 241.432 -0.142
201703 -0.139 243.801 -0.190
201706 -0.191 244.955 -0.260
201709 4.148 246.819 5.612
201712 3.997 246.524 5.415
201803 3.738 249.554 5.002
201806 3.745 251.989 4.963
201809 4.101 252.439 5.425
201812 6.865 251.233 9.125
201903 6.751 254.202 8.869
201906 10.276 256.143 13.398
201909 11.005 256.759 14.314
201912 10.416 256.974 13.536
202003 10.408 258.115 13.466
202006 14.022 257.797 18.164
202009 13.056 260.280 16.751
202012 12.109 260.474 15.525
202103 16.502 264.877 20.805
202106 15.894 271.696 19.536
202109 15.840 274.310 19.284
202112 20.706 278.802 24.802
202203 19.565 287.504 22.726
202206 20.841 296.311 23.488
202209 21.471 296.808 24.158
202212 18.993 296.797 21.371
202303 17.468 301.836 19.327
202306 21.399 305.109 23.422
202309 25.324 307.789 27.477
202312 24.963 306.746 27.177
202403 25.941 312.332 27.737
202406 27.264 314.175 28.980
202409 27.601 315.301 29.234
202412 31.740 315.605 33.585
202503 31.543 319.799 32.939
202506 30.647 322.561 31.729
202509 33.412 324.800 34.353
202512 35.572 324.054 36.659
202603 37.642 330.213 38.068
202606 40.167 333.952 40.167

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 14.95 mean?
Krystal Biotech (STU:4KB) has a Cyclically Adjusted PB Ratio of 14.95 as of Sep. 16, 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 Krystal Biotech and its competitors. This is near median its historical median of 15.57. Over the past decade, Krystal Biotech's Cyclically Adjusted PB Ratio has ranged from 14.65 to 16.83. According to the industry distribution chart, Krystal Biotech ranks #627 out of 680 companies in the Biotechnology industry, placing it in the top 92.2%.
Is Krystal Biotech's Cyclically Adjusted PB Ratio too high?
Krystal Biotech's current Cyclically Adjusted PB Ratio of 14.95 is near median its 10-year median of 15.57. Over the past 10 years, this metric has ranged from a low of 14.65 to a high of 16.83. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.58. Krystal Biotech's value of 14.95 is 849.2% above this industry median. Based on the distribution chart, Krystal Biotech ranks #627 out of 680 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Krystal Biotech has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Krystal Biotech's Cyclically Adjusted PB Ratio compare to AXSM and APGE?
According to the Biotechnology industry distribution chart, Krystal Biotech ranks #627 out of 680 companies for Cyclically Adjusted PB Ratio. This places Krystal Biotech in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Krystal Biotech's value of 14.95 is 849.2% above this benchmark. Historically, Krystal Biotech's own Cyclically Adjusted PB Ratio has ranged from 14.65 to 16.83 over the past decade. While the company's 10-year median is 15.57 vs. the industry median of 1.58, Krystal Biotech 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 1.58, based on 680 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. Krystal Biotech's current Cyclically Adjusted PB Ratio of 14.95 is 849.2% 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 Krystal Biotech and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Krystal Biotech's current Cyclically Adjusted PB Ratio is 14.95, which is near median its own 10-year median of 15.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Krystal Biotech stock overvalued right now?
Based on GuruFocus' analysis, Krystal Biotech (STU:4KB) is currently considered Fairly Valued. The stock's GF Value™ is €291.96, compared to a current price of €289.80 — trading 0.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.95, which is near median its 10-year median of 15.57 and 849.2% above the Biotechnology industry median of 1.58. Krystal Biotech's overall GF Score™ is 62/100 with 3 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 Krystal Biotech (STU:4KB), the current Cyclically Adjusted PB Ratio is 14.95 as of Sep. 16, 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 Krystal Biotech (STU:4KB) Overvalued in 2026?

Based on GuruFocus' analysis, Krystal Biotech stock appears to be undervalued. The current stock price of €289.80 is trading 0.7% below its estimated GF Value™ of €291.96. GuruFocus considers Krystal Biotech to be Fairly Valued.

Key valuation signals for STU:4KB:

  • Cyclically Adjusted PB Ratio: 14.95 (near median its 10-year median of 15.57)
  • GF Value™: €291.96 vs. price of €289.80 (0.7% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 849.2% above the Biotechnology median (#627 of 680)

No single metric tells the full story. See the STU:4KB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Krystal Biotech Business Description

Other Exchanges KRYS:USA1KRYS:Italy
Address 2100 Wharton Street, Suite 701, Pittsburgh, PA, USA, 15203
Krystal Biotech Inc is an integrated, commercial-stage biotechnology company focused on the discovery, development, manufacturing, and commercialization of genetic medicines to treat diseases with high unmet medical needs. The company uses its patented HSV-1-based gene therapy platform to create vectors that deliver therapeutic transgenes to target cells. It possesses exclusive rights to develop, manufacture, and commercialize VYJUVEK internationally. The company operates as one operating segment focused on pharmaceutical products and manufactures, markets, and sells VYJUVEK in the United States and markets and sells VYJUVEK in the European Union, and Japan.
62GF Score

Get the complete analysis for STU:4KB

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

€289.80
Price
€291.96
GF Value