Orion Oyj (STU:OFK) Cyclically Adjusted PB Ratio: (As of Jul. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:OFK Orion Oyj STU:OFK
87 GF Score
Price €77.45
GF Value €71.66
Valuation Fairly Valued
! 5 Warning Signs
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What is Orion Oyj Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orion Oyj  (STU:OFK) 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.


Orion Oyj Cyclically Adjusted PB Ratio Related Terms


Orion Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orion Oyj'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.

Orion Oyj Cyclically Adjusted PB Ratio Chart

Orion Oyj 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 8.27 10.24 7.32 7.62 10.66

Orion Oyj 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 10.98 11.08 10.66 11.34 0.00

STU:OFK vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Orion Oyj'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.


Orion Oyj Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


STU:OFK
87GF Score
Orion Oyj STU:OFK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orion Oyj 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.

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

For example, Orion Oyj'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)
=9.051/125.3800*125.3800
=9.051

Current CPI (Jun. 2026) = 125.3800.

Orion Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.192 100.540 5.228
201612 4.566 101.020 5.667
201703 3.520 100.910 4.374
201706 3.914 101.140 4.852
201709 4.229 101.320 5.233
201712 4.835 101.510 5.972
201803 3.685 101.730 4.542
201806 4.992 102.320 6.117
201809 5.237 102.600 6.400
201812 5.495 102.710 6.708
201903 4.311 102.870 5.254
201906 4.554 103.360 5.524
201909 5.069 103.540 6.138
201912 5.548 103.650 6.711
202003 5.993 103.490 7.261
202006 5.053 103.320 6.132
202009 5.418 103.710 6.550
202012 5.206 103.890 6.283
202103 4.474 104.870 5.349
202106 4.969 105.360 5.913
202109 5.287 106.290 6.237
202112 5.321 107.490 6.207
202203 4.551 110.950 5.143
202206 5.333 113.570 5.888
202209 6.921 114.920 7.551
202212 6.477 117.320 6.922
202303 5.187 119.750 5.431
202306 5.472 120.690 5.685
202309 5.988 121.280 6.190
202312 6.342 121.540 6.542
202403 5.036 122.360 5.160
202406 5.423 122.230 5.563
202409 6.579 122.260 6.747
202412 7.153 122.390 7.328
202503 7.582 123.010 7.728
202506 6.536 122.530 6.688
202509 7.243 122.880 7.390
202512 9.130 122.670 9.332
202603 7.968 124.670 8.013
202606 9.051 125.380 9.051

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.

Is Orion Oyj (STU:OFK) Overvalued in 2026?

Based on GuruFocus' analysis, Orion Oyj stock appears to be overvalued. The current stock price of €77.45 is trading 8.1% above its estimated GF Value™ of €71.66. GuruFocus considers Orion Oyj to be Fairly Valued.

Key valuation signals for STU:OFK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €71.66 vs. price of €77.45 (8.1% above fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Orion Oyj Business Description

Address Orionintie 1, Espoo, FIN, FI-02200
Orion Oyj is a globally operating Finnish pharmaceutical company that develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company predominantly focuses on treatments for central nervous system disorders, oncology, and respiratory diseases. Orion's customers include specialists and general practitioners, veterinarians, pharmacies, hospitals, and laboratories. The company mainly serves Finland but also has a presence in other European countries, North America and other countries.
87GF Score

Get the complete analysis for STU:OFK

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

€77.45
Price
€71.66
GF Value