Cipher Pharmaceuticals (STU:PHE) Cyclically Adjusted PB Ratio: 4.48 (As of Aug. 14, 2026) — 114% Above Median

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STU:PHE Cipher Pharmaceuticals Inc STU:PHE
87 GF Score
Price €8.70
GF Value €10.49
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Cipher Pharmaceuticals Cyclically Adjusted PB Ratio?

Cipher Pharmaceuticals STU:PHE -1.14% 87 Cyclically Adjusted PB Ratio is 4.48 as of Aug. 14, 2026, which is 114% above its 10-year median of 2.09. GuruFocus rates STU:PHE with a GF Score™ of 87/100 and a GF Value™ of €10.49 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 716 Drug Manufacturers companies, Cipher Pharmaceuticals ranks worse than 79.89% on this metric.

As of today (2026-08-14), Cipher Pharmaceuticals's current share price is €8.70. Cipher Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.94. Cipher Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 4.48.

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

STU:PHE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 2.09   Max: 7.78
Current: 4.41

During the past years, Cipher Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 7.78. The lowest was 0.32. And the median was 2.09.

STU:PHE's Cyclically Adjusted PB Ratio is ranked worse than
79.89% of 716 companies
in the Drug Manufacturers industry
Industry Median: 1.76 vs STU:PHE: 4.41

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.

Cipher Pharmaceuticals's adjusted book value per share data for the three months ended in Jun. 2026 was €4.692. 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 €1.94 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cipher Pharmaceuticals  (STU:PHE) 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.


Cipher Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Cipher Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cipher 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.

Cipher Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Cipher 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 1.09 2.01 2.45 5.60 5.20

Cipher 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 4.58 5.49 5.20 6.02 5.26

STU:PHE vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cipher 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.


Cipher Pharmaceuticals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


STU:PHE
87GF Score
Cipher Pharmaceuticals Inc STU:PHE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cipher 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.70/1.94
=4.48

* 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.

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

For example, Cipher 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)
=4.692/133.5265*133.5265
=4.692

Current CPI (Jun. 2026) = 133.5265.

Cipher Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.996 101.765 1.307
201612 0.667 101.449 0.878
201703 0.536 102.634 0.697
201706 0.540 103.029 0.700
201709 0.599 103.345 0.774
201712 0.737 103.345 0.952
201803 0.682 105.004 0.867
201806 0.789 105.557 0.998
201809 0.820 105.636 1.037
201812 0.811 105.399 1.027
201903 0.843 106.979 1.052
201906 0.890 107.690 1.104
201909 0.838 107.611 1.040
201912 0.934 107.769 1.157
202003 1.028 107.927 1.272
202006 1.023 108.401 1.260
202009 1.030 108.164 1.272
202012 0.995 108.559 1.224
202103 1.059 110.298 1.282
202106 1.137 111.720 1.359
202109 1.188 112.905 1.405
202112 1.327 113.774 1.557
202203 1.433 117.646 1.626
202206 1.573 120.806 1.739
202209 1.789 120.648 1.980
202212 2.414 120.964 2.665
202303 2.475 122.702 2.693
202306 2.563 124.203 2.755
202309 2.871 125.230 3.061
202312 3.078 125.072 3.286
202403 3.267 126.258 3.455
202406 3.421 127.522 3.582
202409 3.481 127.285 3.652
202412 3.818 127.364 4.003
202503 3.799 129.181 3.927
202506 3.737 129.892 3.842
202509 3.826 130.287 3.921
202512 4.265 130.366 4.368
202603 4.522 132.262 4.565
202606 4.692 133.527 4.692

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 4.48 mean?
Cipher Pharmaceuticals (STU:PHE) has a Cyclically Adjusted PB Ratio of 4.48 as of Aug. 14, 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 Cipher Pharmaceuticals and its competitors. This is 114% above median its historical median of 2.09. Over the past decade, Cipher Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 0.32 to 7.78. According to the industry distribution chart, Cipher Pharmaceuticals ranks #572 out of 716 companies in the Drug Manufacturers industry, placing it in the top 79.9%.
Is Cipher Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Cipher Pharmaceuticals' current Cyclically Adjusted PB Ratio of 4.48 is 114% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 7.78. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.76. Cipher Pharmaceuticals' value of 4.48 is 154.5% above this industry median. Based on the distribution chart, Cipher Pharmaceuticals ranks #572 out of 716 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Cipher Pharmaceuticals has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cipher Pharmaceuticals' Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Cipher Pharmaceuticals ranks #572 out of 716 companies for Cyclically Adjusted PB Ratio. This places Cipher Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.76. Cipher Pharmaceuticals' value of 4.48 is 154.5% above this benchmark. Historically, Cipher Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 0.32 to 7.78 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.76, Cipher 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 1.76, based on 716 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. Cipher Pharmaceuticals's current Cyclically Adjusted PB Ratio of 4.48 is 154.5% 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 Cipher Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cipher Pharmaceuticals's current Cyclically Adjusted PB Ratio is 4.48, which is 114% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cipher Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Cipher Pharmaceuticals (STU:PHE) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.49, compared to a current price of €8.70 — trading 17.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.48, which is 114% above median its 10-year median of 2.09 and 154.5% above the Drug Manufacturers industry median of 1.76. Cipher Pharmaceuticals' overall GF Score™ is 87/100 with 7 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 Cipher Pharmaceuticals (STU:PHE), the current Cyclically Adjusted PB Ratio is 4.48 as of Aug. 14, 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 Cipher Pharmaceuticals (STU:PHE) Overvalued in 2026?

Based on GuruFocus' analysis, Cipher Pharmaceuticals stock appears to be undervalued. The current stock price of €8.70 is trading 17.1% below its estimated GF Value™ of €10.49. GuruFocus considers Cipher Pharmaceuticals to be Modestly Undervalued.

Key valuation signals for STU:PHE:

  • Cyclically Adjusted PB Ratio: 4.48 (114% above median its 10-year median of 2.09)
  • GF Value™: €10.49 vs. price of €8.70 (17.1% below fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 154.5% above the Drug Manufacturers median (#572 of 716)

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


Cipher Pharmaceuticals Business Description

Address 5750 Explorer Drive, Suite 404, Mississauga, ON, CAN, L4W 0A9
Cipher Pharmaceuticals Inc is a specialty pharmaceutical company with a diversified portfolio of commercial and early to late-stage products. The Company is building its business through product acquisitions, out-licensing, and in-licensing arrangements. Its products include Dermatology Products, Hospital Acute Care Products, specialty medicines, and Out-Licensed Products, among others. The company's geographical operational areas include Canada and the United States.
87GF Score

Get the complete analysis for STU:PHE

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

€8.70
Price
€10.49
GF Value