ANI Pharmaceuticals (STU:BSFA) Cyclically Adjusted PB Ratio: 3.54 (As of Aug. 20, 2026) — Near Median

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STU:BSFA ANI Pharmaceuticals Inc STU:BSFA
90 GF Score
Price €66.50
GF Value €85.37
Valuation Modestly Undervalued
! 2 Warning Signs
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What is ANI Pharmaceuticals Cyclically Adjusted PB Ratio?

ANI Pharmaceuticals STU:BSFA +0.76% 90 Cyclically Adjusted PB Ratio is 3.54 as of Aug. 20, 2026, which is 8% above its 10-year median of 3.27. GuruFocus rates STU:BSFA with a GF Score™ of 90/100 and a GF Value™ of €85.37 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 690 Drug Manufacturers companies, ANI Pharmaceuticals ranks worse than 77.25% on this metric.

As of today (2026-08-20), ANI Pharmaceuticals's current share price is €66.50. ANI Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €18.76. ANI Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 3.54.

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

STU:BSFA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.59   Med: 3.27   Max: 6.68
Current: 3.64

During the past years, ANI Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 6.68. The lowest was 1.59. And the median was 3.27.

STU:BSFA's Cyclically Adjusted PB Ratio is ranked worse than
77.25% of 690 companies
in the Drug Manufacturers industry
Industry Median: 1.74 vs STU:BSFA: 3.64

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.

ANI Pharmaceuticals's adjusted book value per share data for the three months ended in Jun. 2026 was €22.566. 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 €18.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ANI Pharmaceuticals  (STU:BSFA) 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.


ANI Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


ANI Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ANI Pharmaceuticals'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.

ANI Pharmaceuticals Cyclically Adjusted PB Ratio Chart

ANI Pharmaceuticals 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 3.13 2.46 3.01 2.81 3.85

ANI Pharmaceuticals 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 3.23 4.48 3.85 3.66 3.87

STU:BSFA vs TRLV, AMLX, XERS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, ANI Pharmaceuticals'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.


ANI Pharmaceuticals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, ANI Pharmaceuticals's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:BSFA
90GF Score
ANI Pharmaceuticals Inc STU:BSFA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ANI Pharmaceuticals 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.

ANI Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=66.50/18.76
=3.54

* 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.

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

For example, ANI Pharmaceuticals'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)
=22.566/333.9520*333.9520
=22.566

Current CPI (Jun. 2026) = 333.9520.

ANI Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.990 241.428 17.968
201612 13.877 241.432 19.195
201703 13.833 243.801 18.948
201706 13.501 244.955 18.406
201709 13.173 246.819 17.823
201712 12.674 246.524 17.169
201803 12.425 249.554 16.627
201806 13.409 251.989 17.770
201809 13.923 252.439 18.419
201812 14.631 251.233 19.448
201903 14.702 254.202 19.314
201906 15.221 256.143 19.845
201909 16.024 256.759 20.842
201912 15.841 256.974 20.586
202003 15.066 258.115 19.493
202006 13.789 257.797 17.862
202009 13.414 260.280 17.211
202012 13.021 260.474 16.694
202103 13.427 264.877 16.929
202106 12.497 271.696 15.361
202109 12.769 274.310 15.545
202112 17.558 278.802 21.031
202203 16.909 287.504 19.641
202206 16.942 296.311 19.094
202209 18.030 296.808 20.286
202212 16.927 296.797 19.046
202303 16.333 301.836 18.071
202306 18.637 305.109 20.399
202309 19.750 307.789 21.429
202312 19.389 306.746 21.109
202403 19.819 312.332 21.191
202406 20.101 314.175 21.366
202409 17.359 315.301 18.386
202412 18.264 315.605 19.326
202503 17.876 319.799 18.667
202506 17.434 322.561 18.050
202509 19.186 324.800 19.727
202512 20.532 324.054 21.159
202603 21.261 330.213 21.502
202606 22.566 333.952 22.566

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 3.54 mean?
ANI Pharmaceuticals (STU:BSFA) has a Cyclically Adjusted PB Ratio of 3.54 as of Aug. 20, 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 ANI Pharmaceuticals and its competitors. This is near median its historical median of 3.27. Over the past decade, ANI Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 1.59 to 6.68. According to the industry distribution chart, ANI Pharmaceuticals ranks #533 out of 690 companies in the Drug Manufacturers industry, placing it in the top 77.2%.
Is ANI Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
ANI Pharmaceuticals' current Cyclically Adjusted PB Ratio of 3.54 is near median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 6.68. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.74. ANI Pharmaceuticals' value of 3.54 is 103.4% above this industry median. Based on the distribution chart, ANI Pharmaceuticals ranks #533 out of 690 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, ANI Pharmaceuticals has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ANI Pharmaceuticals' Cyclically Adjusted PB Ratio compare to TRLV and AMLX?
According to the Drug Manufacturers industry distribution chart, ANI Pharmaceuticals ranks #533 out of 690 companies for Cyclically Adjusted PB Ratio. This places ANI Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.74. ANI Pharmaceuticals' value of 3.54 is 103.4% above this benchmark. Historically, ANI Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 1.59 to 6.68 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 1.74, ANI Pharmaceuticals 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.74, based on 690 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. ANI Pharmaceuticals's current Cyclically Adjusted PB Ratio of 3.54 is 103.4% 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 ANI Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANI Pharmaceuticals's current Cyclically Adjusted PB Ratio is 3.54, which is near median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANI Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, ANI Pharmaceuticals (STU:BSFA) is currently considered Modestly Undervalued. The stock's GF Value™ is €85.37, compared to a current price of €66.50 — trading 22.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.54, which is near median its 10-year median of 3.27 and 103.4% above the Drug Manufacturers industry median of 1.74. ANI Pharmaceuticals' overall GF Score™ is 90/100 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 ANI Pharmaceuticals (STU:BSFA), the current Cyclically Adjusted PB Ratio is 3.54 as of Aug. 20, 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 ANI Pharmaceuticals (STU:BSFA) Overvalued in 2026?

Based on GuruFocus' analysis, ANI Pharmaceuticals stock appears to be undervalued. The current stock price of €66.50 is trading 22.1% below its estimated GF Value™ of €85.37. GuruFocus considers ANI Pharmaceuticals to be Modestly Undervalued.

Key valuation signals for STU:BSFA:

  • Cyclically Adjusted PB Ratio: 3.54 (near median its 10-year median of 3.27)
  • GF Value™: €85.37 vs. price of €66.50 (22.1% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 103.4% above the Drug Manufacturers median (#533 of 690)

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


ANI Pharmaceuticals Business Description

Other Exchanges ANIP:USABSFA:Germany
Address 210 Main Street West, Baudette, MN, USA, 56623
ANI Pharmaceuticals Inc is a diversified biopharmaceutical company. It is focused on developing, manufacturing, and commercializing therapeutics through its Rare Disease business, which markets novel products in the areas of ophthalmology, rheumatology, nephrology, neurology, and pulmonology; and through its Generics and Brands businesses. The firm's product portfolio comprises Purified Cortrophin Gel, ILUVIEN, and YUTIQ (fluocinolone acetonide intravitreal implant), among others. Additionally, its Generics portfolio includes several products with a wide variety of indications. The company has two operating segments: Rare Disease and Brands, which derive maximum revenue, and Generics and Other. Geographically, it generates maximum revenue from the United States, followed by other markets.
90GF Score

Get the complete analysis for STU:BSFA

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

€66.50
Price
€85.37
GF Value