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.
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.
Anika TherapeuticsSTU:AKP +2.21%65 Cyclically Adjusted PB Ratio is 1.05 as of Aug. 22, 2026, which is 57% below its 10-year median of 2.47. GuruFocus rates STU:AKP with a GF Score™ of 65/100 and a GF Value™ of €16.29 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 681 Drug Manufacturers companies, Anika Therapeutics ranks better than 68.58% on this metric.
The historical rank and industry rank for Anika Therapeutics's Cyclically Adjusted PB Ratio or its related term are showing as below:
STU:AKP'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 2.47 Max: 6.72
Current: 1.07
During the past years, Anika Therapeutics's highest Cyclically Adjusted PB Ratio was 6.72. The lowest was 0.40. And the median was 2.47.
STU:AKP's Cyclically Adjusted PB Ratio is ranked better than 68.58% of 681
companies
in the Drug Manufacturers industry
Industry Median: 1.73
vs STU:AKP: 1.07
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.
Anika Therapeutics's adjusted book value per share data for the three months ended in Jun. 2026 was €8.904. 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 €17.62 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Anika Therapeutics (STU:AKP) 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.
Anika Therapeutics Cyclically Adjusted PB Ratio Related Terms
Anika Therapeutics Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Anika Therapeutics'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.
Anika Therapeutics Cyclically Adjusted PB Ratio Chart
STU:AKP vs SIGA, DERM, LFCR: Cyclically Adjusted PB Ratio Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Anika Therapeutics'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.
Anika Therapeutics Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Anika Therapeutics's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Anika Therapeutics's Cyclically Adjusted PB Ratio falls into.
Anika Therapeutics 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.
Anika Therapeutics's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.05 mean?
Anika Therapeutics (STU:AKP) has a Cyclically Adjusted PB Ratio of 1.05 as of Aug. 22, 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 Anika Therapeutics and its competitors. This is 57% below median its historical median of 2.47. Over the past decade, Anika Therapeutics' Cyclically Adjusted PB Ratio has ranged from 0.40 to 6.72. According to the industry distribution chart, Anika Therapeutics ranks #214 out of 681 companies in the Drug Manufacturers industry, placing it in the top 31.4%.
Is Anika Therapeutics' Cyclically Adjusted PB Ratio too high?
Anika Therapeutics' current Cyclically Adjusted PB Ratio of 1.05 is 57% below median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 6.72. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.73. Anika Therapeutics' value of 1.05 is 39.3% below this industry median. Based on the distribution chart, Anika Therapeutics ranks #214 out of 681 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Anika Therapeutics has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anika Therapeutics' Cyclically Adjusted PB Ratio compare to SIGA and DERM?
According to the Drug Manufacturers industry distribution chart, Anika Therapeutics ranks #214 out of 681 companies for Cyclically Adjusted PB Ratio. This puts Anika Therapeutics in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.73. Anika Therapeutics' value of 1.05 is 39.3% below this benchmark. Historically, Anika Therapeutics' own Cyclically Adjusted PB Ratio has ranged from 0.40 to 6.72 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 1.73, Anika Therapeutics 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.73, based on 681 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. Anika Therapeutics's current Cyclically Adjusted PB Ratio of 1.05 is 39.3% 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 Anika Therapeutics and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anika Therapeutics's current Cyclically Adjusted PB Ratio is 1.05, which is 57% below median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anika Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Anika Therapeutics (STU:AKP) is currently considered Modestly Overvalued. The stock's GF Value™ is €16.29, compared to a current price of €18.50 — trading 13.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 57% below median its 10-year median of 2.47 and 39.3% below the Drug Manufacturers industry median of 1.73. Anika Therapeutics' overall GF Score™ is 65/100 with 4 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 Anika Therapeutics (STU:AKP), the current Cyclically Adjusted PB Ratio is 1.05 as of Aug. 22, 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 Anika Therapeutics (STU:AKP) Overvalued in 2026?
Based on GuruFocus' analysis, Anika Therapeutics stock appears to be overvalued.
The current stock price of €18.50 is trading 13.6% above its estimated GF Value™ of €16.29.
GuruFocus considers Anika Therapeutics to be Modestly Overvalued.
Key valuation signals for STU:AKP:
Cyclically Adjusted PB Ratio: 1.05 (57% below median its 10-year median of 2.47)
GF Value™: €16.29 vs. price of €18.50 (13.6% above fair value)
Industry Position: 39.3% below the Drug Manufacturers median (#214 of 681)
No single metric tells the full story. See the STU:AKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anika Therapeutics Inc operates in the OA Pain Management and regenerative solutions space, focusing on early intervention orthopedics. The company leverages proprietary hyaluronic acid (HA) technology to develop differentiated products and provides products and services. Its OA Pain Management products include Orthovisc, Monovisc, and Cingal. Monovisc and Orthovisc are single- and multi-injection HA viscosupplement products indicated for pain relief from OA conditions and are generally administered to patients in an office setting. In the United States, Monovisc and Orthovisc are marketed exclusively by Johnson & Johnson MedTech. It generates maximum revenue from the OEM Channel and derives the majority of its revenue from the United States, with a presence in Europe and other countries.
65GF Score
Get the complete analysis for STU:AKP
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:AKP has been successfully added to your 
