XBiotech (STU:4XB) Cyclically Adjusted PB Ratio: 0.28 (As of Aug. 12, 2026) — 53% Below Median

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STU:4XB XBiotech Inc STU:4XB
38 GF Score
Price €1.75
Valuation Significantly Overvalued
! 2 Warning Signs
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What is XBiotech Cyclically Adjusted PB Ratio?

XBiotech STU:4XB -10.79% 38 Cyclically Adjusted PB Ratio is 0.28 as of Aug. 12, 2026, which is 53% below its 10-year median of 0.59. GuruFocus rates STU:4XB with a GF Score™ of 38/100 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 693 Biotechnology companies, XBiotech ranks better than 80.23% on this metric.

As of today (2026-08-12), XBiotech's current share price is €1.752. XBiotech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.28. XBiotech's Cyclically Adjusted PB Ratio for today is 0.28.

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

STU:4XB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.59   Max: 1.49
Current: 0.32

During the past years, XBiotech's highest Cyclically Adjusted PB Ratio was 1.49. The lowest was 0.32. And the median was 0.59.

STU:4XB's Cyclically Adjusted PB Ratio is ranked better than
80.23% of 693 companies
in the Biotechnology industry
Industry Median: 1.62 vs STU:4XB: 0.32

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.

XBiotech's adjusted book value per share data for the three months ended in Mar. 2026 was €3.831. 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 €6.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


XBiotech  (STU:4XB) 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.


XBiotech Cyclically Adjusted PB Ratio Related Terms


XBiotech Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for XBiotech'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.

XBiotech Cyclically Adjusted PB Ratio Chart

XBiotech 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 0.63 0.58 0.34

XBiotech 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 0.47 0.42 0.37 0.34 0.32

STU:4XB vs LONA, ACRV, SPRO: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, XBiotech'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.


XBiotech Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


STU:4XB
38GF Score
XBiotech Inc STU:4XB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XBiotech 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.

XBiotech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.752/6.28
=0.28

* 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.

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

For example, XBiotech'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)
=3.831/330.2130*330.2130
=3.831

Current CPI (Mar. 2026) = 330.2130.

XBiotech Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.273 241.018 3.114
201609 1.967 241.428 2.690
201612 1.716 241.432 2.347
201703 2.184 243.801 2.958
201706 1.838 244.955 2.478
201709 1.590 246.819 2.127
201712 1.434 246.524 1.921
201803 1.288 249.554 1.704
201806 1.231 251.989 1.613
201809 1.123 252.439 1.469
201812 1.014 251.233 1.333
201903 0.907 254.202 1.178
201906 1.498 256.143 1.931
201909 1.429 256.759 1.838
201912 16.379 256.974 21.047
202003 10.887 258.115 13.928
202006 10.558 257.797 13.524
202009 10.056 260.280 12.758
202012 9.780 260.474 12.398
202103 9.864 264.877 12.297
202106 9.636 271.696 11.711
202109 7.666 274.310 9.228
202112 7.832 278.802 9.276
202203 7.922 287.504 9.099
202206 7.950 296.311 8.860
202209 8.123 296.808 9.037
202212 7.456 296.797 8.295
202303 7.269 301.836 7.952
202306 6.947 305.109 7.519
202309 6.855 307.789 7.354
202312 6.593 306.746 7.097
202403 6.323 312.332 6.685
202406 5.999 314.175 6.305
202409 5.679 315.301 5.948
202412 5.709 315.605 5.973
202503 5.301 319.799 5.474
202506 4.921 322.561 5.038
202509 4.669 324.800 4.747
202512 3.931 324.054 4.006
202603 3.831 330.213 3.831

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 0.28 mean?
XBiotech (STU:4XB) has a Cyclically Adjusted PB Ratio of 0.28 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 XBiotech and its competitors. This is 53% below median its historical median of 0.59. Over the past decade, XBiotech's Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.49. According to the industry distribution chart, XBiotech ranks #137 out of 693 companies in the Biotechnology industry, placing it in the top 19.8%.
Is XBiotech's Cyclically Adjusted PB Ratio too high?
XBiotech's current Cyclically Adjusted PB Ratio of 0.28 is 53% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.49. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. XBiotech's value of 0.28 is 82.7% below this industry median. Based on the distribution chart, XBiotech ranks #137 out of 693 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, XBiotech has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XBiotech's Cyclically Adjusted PB Ratio compare to LONA and ACRV?
According to the Biotechnology industry distribution chart, XBiotech ranks #137 out of 693 companies for Cyclically Adjusted PB Ratio. This places XBiotech in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.62. XBiotech's value of 0.28 is 82.7% below this benchmark. Historically, XBiotech's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.49 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.62, XBiotech 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 1.62, 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. XBiotech's current Cyclically Adjusted PB Ratio of 0.28 is 82.7% 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 XBiotech 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. XBiotech's current Cyclically Adjusted PB Ratio is 0.28, which is 53% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XBiotech stock overvalued right now?
Based on GuruFocus' analysis, XBiotech (STU:4XB) is currently considered Significantly Overvalued. The current Cyclically Adjusted PB Ratio is 0.28, which is 53% below median its 10-year median of 0.59 and 82.7% below the Biotechnology industry median of 1.62. XBiotech's overall GF Score™ is 38/100 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 XBiotech (STU:4XB), the current Cyclically Adjusted PB Ratio is 0.28 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.

XBiotech Business Description

Other Exchanges XBIT:USA
Address 5217 Winnebago Lane, Austin, TX, USA, 78744
XBiotech Inc is a biopharmaceutical company that discovers and develops True Human monoclonal antibodies derived from human donors to replicate the human immune response in the treatment of various diseases. It has developed a pipeline of product candidates using True Human antibodies targeting both inflammatory and infectious diseases. The company's developement pipeline comprises: Natrunix, an antibody targeting IL-1a in oncology (pancreatic cancer), a clinical stage therapeutic for Methicillin Resistant Staphylococcus aureus (MRSA), and several pre-clinical stage therapeutics, including: an oral delivery antibody therapeutic for colon infection by C. difficile; an injectable therapy for varicella zoster (adult chicken pox), the causative agent for shingles; and an influenza therapy.
38GF 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.

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