XSpray Pharma AB (STU:6XP) Cyclically Adjusted PB Ratio: 0.50 (As of Aug. 25, 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:6XP XSpray Pharma AB STU:6XP
30 GF Score
Price €0.92
View Full Analysis

What is XSpray Pharma AB Cyclically Adjusted PB Ratio?

XSpray Pharma AB STU:6XP -2.23% 30 Cyclically Adjusted PB Ratio is 0.50 as of Aug. 25, 2026. GuruFocus rates STU:6XP with a GF Score™ of 30/100. Among 685 Biotechnology companies, XSpray Pharma AB ranks better than 74.74% on this metric.

As of today (2026-08-25), XSpray Pharma AB's current share price is €0.924. XSpray Pharma AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.83. XSpray Pharma AB's Cyclically Adjusted PB Ratio for today is 0.50.

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

STU:6XP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.49
Current: 0.49

During the past years, XSpray Pharma AB's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.00. And the median was 0.00.

STU:6XP's Cyclically Adjusted PB Ratio is ranked better than
74.74% of 685 companies
in the Biotechnology industry
Industry Median: 1.62 vs STU:6XP: 0.49

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.

XSpray Pharma AB's adjusted book value per share data for the three months ended in Jun. 2026 was €1.226. 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 €1.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


XSpray Pharma AB  (STU:6XP) 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.


XSpray Pharma AB Cyclically Adjusted PB Ratio Related Terms


XSpray Pharma AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for XSpray Pharma AB'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.

XSpray Pharma AB Cyclically Adjusted PB Ratio Chart

XSpray Pharma AB 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

XSpray Pharma AB 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 1.42 0.69

STU:6XP vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, XSpray Pharma AB'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.


XSpray Pharma AB Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


STU:6XP
30GF Score
XSpray Pharma AB STU:6XP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XSpray Pharma AB 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.

XSpray Pharma AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.924/1.83
=0.50

* 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.

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

For example, XSpray Pharma AB'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)
=1.226/134.6100*134.6100
=1.226

Current CPI (Jun. 2026) = 134.6100.

XSpray Pharma AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 0.362 102.022 0.478
201703 0.000 102.022 0.000
201706 0.317 102.752 0.415
201709 1.278 103.279 1.666
201712 1.186 103.793 1.538
201803 1.595 103.962 2.065
201806 1.527 104.875 1.960
201809 1.478 105.679 1.883
201812 1.839 105.912 2.337
201903 1.732 105.886 2.202
201906 1.647 106.742 2.077
201909 1.576 107.214 1.979
201912 1.991 107.766 2.487
202003 1.866 106.563 2.357
202006 1.854 107.498 2.322
202009 1.835 107.635 2.295
202012 2.835 108.296 3.524
202103 2.764 108.360 3.434
202106 2.705 108.928 3.343
202109 2.623 110.338 3.200
202112 2.606 112.486 3.119
202203 2.459 114.825 2.883
202206 2.322 118.384 2.640
202209 2.160 122.296 2.377
202212 2.086 126.365 2.222
202303 1.916 127.042 2.030
202306 1.677 129.407 1.744
202309 1.820 130.224 1.881
202312 1.872 131.912 1.910
202403 1.668 132.205 1.698
202406 1.655 132.716 1.679
202409 1.442 132.304 1.467
202412 1.393 132.987 1.410
202503 1.363 132.825 1.381
202506 1.250 133.699 1.259
202509 1.359 133.480 1.371
202512 1.294 133.390 1.306
202603 1.266 133.560 1.276
202606 1.226 134.610 1.226

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 0.50 mean?
XSpray Pharma AB (STU:6XP) has a Cyclically Adjusted PB Ratio of 0.50 as of Aug. 25, 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 XSpray Pharma AB and its competitors. According to the industry distribution chart, XSpray Pharma AB ranks #173 out of 685 companies in the Biotechnology industry, placing it in the top 25.3%.
Is XSpray Pharma AB's Cyclically Adjusted PB Ratio too high?
XSpray Pharma AB's current Cyclically Adjusted PB Ratio is 0.50. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. XSpray Pharma AB's value of 0.50 is 69.1% below this industry median. Based on the distribution chart, XSpray Pharma AB ranks #173 out of 685 companies in the Biotechnology industry, which is above the industry midpoint. Overall, XSpray Pharma AB has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does XSpray Pharma AB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, XSpray Pharma AB ranks #173 out of 685 companies for Cyclically Adjusted PB Ratio. This puts XSpray Pharma AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. XSpray Pharma AB's value of 0.50 is 69.1% below this benchmark. 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 685 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. XSpray Pharma AB's current Cyclically Adjusted PB Ratio of 0.50 is 69.1% 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 XSpray Pharma AB 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. XSpray Pharma AB's current Cyclically Adjusted PB Ratio is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XSpray Pharma AB stock overvalued right now?
XSpray Pharma AB (STU:6XP) has a current Cyclically Adjusted PB Ratio of 0.50. The current Cyclically Adjusted PB Ratio is 0.50 and 69.1% below the Biotechnology industry median of 1.62. XSpray Pharma AB's overall GF Score™ is 30/100. 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 XSpray Pharma AB (STU:6XP), the current Cyclically Adjusted PB Ratio is 0.50 as of Aug. 25, 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.

XSpray Pharma AB Business Description

Other Exchanges XSPRAY:Sweden0GHZ:UK
Address Scheeles vag 2, Solna, SWE, SE-171 65
XSpray Pharma AB is a pharmaceutical company focused on developing improved PKIs for cancer treatment, leveraging its proprietary HyNap technology platform. The company aims to enhance clinical outcomes for cancer patients by improving the efficacy, safety, and patient experience of existing cancer therapies. Its product portfolio includes Dasynoc and other product candidates in different stages of development such as XS003 nilotinib, XS008 axitinib, and other.
30GF Score

Get the complete analysis for STU:6XP

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

€0.92
Price