Cerus (STU:CU2) Cyclically Adjusted PB Ratio: 4.98 (As of Aug. 27, 2026) — 16% Below Median

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STU:CU2 Cerus Corp STU:CU2
78 GF Score
Price €2.34
GF Value €1.97
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Cerus Cyclically Adjusted PB Ratio?

Cerus STU:CU2 +0.86% 78 Cyclically Adjusted PB Ratio is 4.98 as of Aug. 27, 2026, which is 16% below its 10-year median of 5.91. GuruFocus rates STU:CU2 with a GF Score™ of 78/100 and a GF Value™ of €1.97 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 517 Medical Devices & Instruments companies, Cerus ranks worse than 80.27% on this metric.

As of today (2026-08-27), Cerus's current share price is €2.34. Cerus's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.47. Cerus's Cyclically Adjusted PB Ratio for today is 4.98.

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

STU:CU2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 5.91   Max: 13.89
Current: 5.05

During the past years, Cerus's highest Cyclically Adjusted PB Ratio was 13.89. The lowest was 1.81. And the median was 5.91.

STU:CU2's Cyclically Adjusted PB Ratio is ranked worse than
80.27% of 517 companies
in the Medical Devices & Instruments industry
Industry Median: 1.85 vs STU:CU2: 5.05

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.

Cerus's adjusted book value per share data for the three months ended in Jun. 2026 was €0.302. 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 €0.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cerus  (STU:CU2) 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.


Cerus Cyclically Adjusted PB Ratio Related Terms


Cerus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cerus'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.

Cerus Cyclically Adjusted PB Ratio Chart

Cerus 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 10.06 5.04 3.14 2.34 3.67

Cerus 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 2.32 2.71 3.67 3.29 5.38

STU:CU2 vs CTKB, TCMD, CBLL: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Cerus'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.


Cerus Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cerus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:CU2
78GF Score
Cerus Corp STU:CU2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cerus 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.34/0.47
=4.98

* 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.

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

For example, Cerus'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)
=0.302/333.9520*333.9520
=0.302

Current CPI (Jun. 2026) = 333.9520.

Cerus Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.623 241.428 0.862
201612 0.529 241.432 0.732
201703 0.374 243.801 0.512
201706 0.320 244.955 0.436
201709 0.278 246.819 0.376
201712 0.285 246.524 0.386
201803 0.532 249.554 0.712
201806 0.579 251.989 0.767
201809 0.580 252.439 0.767
201812 0.543 251.233 0.722
201903 0.446 254.202 0.586
201906 0.415 256.143 0.541
201909 0.389 256.759 0.506
201912 0.356 256.974 0.463
202003 0.620 258.115 0.802
202006 0.613 257.797 0.794
202009 0.555 260.280 0.712
202012 0.507 260.474 0.650
202103 0.456 264.877 0.575
202106 0.408 271.696 0.501
202109 0.395 274.310 0.481
202112 0.431 278.802 0.516
202203 0.408 287.504 0.474
202206 0.405 296.311 0.456
202209 0.416 296.808 0.468
202212 0.359 296.797 0.404
202303 0.303 301.836 0.335
202306 0.260 305.109 0.285
202309 0.249 307.789 0.270
202312 0.266 306.746 0.290
202403 0.246 312.332 0.263
202406 0.248 314.175 0.264
202409 0.260 315.301 0.275
202412 0.289 315.605 0.306
202503 0.269 319.799 0.281
202506 0.251 322.561 0.260
202509 0.273 324.800 0.281
202512 0.285 324.054 0.294
202603 0.292 330.213 0.295
202606 0.302 333.952 0.302

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 4.98 mean?
Cerus (STU:CU2) has a Cyclically Adjusted PB Ratio of 4.98 as of Aug. 27, 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 Cerus and its competitors. This is 16% below median its historical median of 5.91. Over the past decade, Cerus' Cyclically Adjusted PB Ratio has ranged from 1.81 to 13.89. According to the industry distribution chart, Cerus ranks #415 out of 517 companies in the Medical Devices & Instruments industry, placing it in the top 80.3%.
Is Cerus' Cyclically Adjusted PB Ratio too high?
Cerus' current Cyclically Adjusted PB Ratio of 4.98 is 16% below median its 10-year median of 5.91. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 13.89. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.85. Cerus' value of 4.98 is 169.2% above this industry median. Based on the distribution chart, Cerus ranks #415 out of 517 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Cerus has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cerus' Cyclically Adjusted PB Ratio compare to CTKB and TCMD?
According to the Medical Devices & Instruments industry distribution chart, Cerus ranks #415 out of 517 companies for Cyclically Adjusted PB Ratio. This places Cerus in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Cerus' value of 4.98 is 169.2% above this benchmark. Historically, Cerus' own Cyclically Adjusted PB Ratio has ranged from 1.81 to 13.89 over the past decade. While the company's 10-year median is 5.91 vs. the industry median of 1.85, Cerus 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.85, based on 517 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. Cerus's current Cyclically Adjusted PB Ratio of 4.98 is 169.2% 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 Cerus and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cerus's current Cyclically Adjusted PB Ratio is 4.98, which is 16% below median its own 10-year median of 5.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerus stock overvalued right now?
Based on GuruFocus' analysis, Cerus (STU:CU2) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.97, compared to a current price of €2.34 — trading 18.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.98, which is 16% below median its 10-year median of 5.91 and 169.2% above the Medical Devices & Instruments industry median of 1.85. Cerus' overall GF Score™ is 78/100 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 Cerus (STU:CU2), the current Cyclically Adjusted PB Ratio is 4.98 as of Aug. 27, 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 Cerus (STU:CU2) Overvalued in 2026?

Based on GuruFocus' analysis, Cerus stock appears to be overvalued. The current stock price of €2.34 is trading 18.8% above its estimated GF Value™ of €1.97. GuruFocus considers Cerus to be Modestly Overvalued.

Key valuation signals for STU:CU2:

  • Cyclically Adjusted PB Ratio: 4.98 (16% below median its 10-year median of 5.91)
  • GF Value™: €1.97 vs. price of €2.34 (18.8% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 169.2% above the Medical Devices & Instruments median (#415 of 517)

No single metric tells the full story. See the STU:CU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cerus Business Description

Other Exchanges CERS:USA
Address 1220 Concord Avenue, Suite 600, Concord, CA, USA, 94520
Cerus Corp is a biomedical products company focused on the field of blood transfusion safety. The INTERCEPT Blood System is designed to reduce the risk of transfusion-transmitted infections by inactivating a broad range of pathogens such as viruses, bacteria, and parasites. The company sells its INTERCEPT platelet and plasma systems in the United States of America, Europe, the Commonwealth of Independent States countries, the Middle East, and selected countries in other regions around the world. The firm continues to operate in only one segment: Blood safety, and generates revenue from the same.
78GF Score

Get the complete analysis for STU:CU2

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

€2.34
Price
€1.97
GF Value