UCB (STU:UNC) Cyclically Adjusted PB Ratio: 4.74 (As of Aug. 01, 2026) — 117% Above Median

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STU:UNC UCB SA STU:UNC
91 GF Score
Price €223.60
GF Value €251.32
Valuation Modestly Undervalued
View Full Analysis

What is UCB Cyclically Adjusted PB Ratio?

UCB STU:UNC +2.99% 91 Cyclically Adjusted PB Ratio is 4.74 as of Aug. 01, 2026, which is 117% above its 10-year median of 2.18. GuruFocus rates STU:UNC with a GF Score™ of 91/100 and a GF Value™ of €251.32 (Modestly Undervalued). Among 698 Biotechnology companies, UCB ranks worse than 78.22% on this metric.

As of today (2026-08-01), UCB's current share price is €223.60. UCB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €47.19. UCB's Cyclically Adjusted PB Ratio for today is 4.74.

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

STU:UNC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 2.18   Max: 5.83
Current: 4.65

During the past 13 years, UCB's highest Cyclically Adjusted PB Ratio was 5.83. The lowest was 1.29. And the median was 2.18.

STU:UNC's Cyclically Adjusted PB Ratio is ranked worse than
78.22% of 698 companies
in the Biotechnology industry
Industry Median: 1.58 vs STU:UNC: 4.65

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.

UCB's adjusted book value per share data of for the fiscal year that ended in Dec25 was €57.086. 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 €47.19 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


UCB  (STU:UNC) 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.


UCB Cyclically Adjusted PB Ratio Related Terms


UCB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for UCB'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.

UCB Cyclically Adjusted PB Ratio Chart

UCB 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 2.86 1.83 1.87 4.24 4.98

UCB Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 4.24 0.00 4.98 0.00

STU:UNC vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, UCB'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.


UCB Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, UCB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:UNC
91GF Score
UCB SA STU:UNC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UCB 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=223.60/47.19
=4.74

* 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.

UCB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, UCB's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=57.086/135.0700*135.0700
=57.086

Current CPI (Dec25) = 135.0700.

UCB Annual Data

Book Value per Share CPI Adj_Book
201612 29.596 102.614 38.957
201712 30.886 104.804 39.805
201812 33.403 107.252 42.067
201912 37.326 108.065 46.654
202012 38.466 108.511 47.881
202112 44.330 114.705 52.201
202212 47.807 126.578 51.014
202312 47.292 128.292 49.790
202412 52.773 132.346 53.859
202512 57.086 135.070 57.086

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 4.74 mean?
UCB (STU:UNC) has a Cyclically Adjusted PB Ratio of 4.74 as of Aug. 01, 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 UCB and its competitors. This is 117% above median its historical median of 2.18. Over the past decade, UCB's Cyclically Adjusted PB Ratio has ranged from 1.29 to 5.83. According to the industry distribution chart, UCB ranks #546 out of 698 companies in the Biotechnology industry, placing it in the top 78.2%.
Is UCB's Cyclically Adjusted PB Ratio too high?
UCB's current Cyclically Adjusted PB Ratio of 4.74 is 117% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 5.83. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.58. UCB's value of 4.74 is 200% above this industry median. Based on the distribution chart, UCB ranks #546 out of 698 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, UCB has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UCB's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, UCB ranks #546 out of 698 companies for Cyclically Adjusted PB Ratio. This places UCB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. UCB's value of 4.74 is 200% above this benchmark. Historically, UCB's own Cyclically Adjusted PB Ratio has ranged from 1.29 to 5.83 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 1.58, UCB 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.58, based on 698 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. UCB's current Cyclically Adjusted PB Ratio of 4.74 is 200% 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 UCB and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UCB's current Cyclically Adjusted PB Ratio is 4.74, which is 117% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UCB stock overvalued right now?
Based on GuruFocus' analysis, UCB (STU:UNC) is currently considered Modestly Undervalued. The stock's GF Value™ is €251.32, compared to a current price of €223.60 — trading 11% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.74, which is 117% above median its 10-year median of 2.18 and 200% above the Biotechnology industry median of 1.58. UCB's overall GF Score™ is 91/100. 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 UCB (STU:UNC), the current Cyclically Adjusted PB Ratio is 4.74 as of Aug. 01, 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 UCB (STU:UNC) Overvalued in 2026?

Based on GuruFocus' analysis, UCB stock appears to be undervalued. The current stock price of €223.60 is trading 11% below its estimated GF Value™ of €251.32. GuruFocus considers UCB to be Modestly Undervalued.

Key valuation signals for STU:UNC:

  • Cyclically Adjusted PB Ratio: 4.74 (117% above median its 10-year median of 2.18)
  • GF Value™: €251.32 vs. price of €223.60 (11% below fair value)
  • GF Score™: 91/100
  • Industry Position: 200% above the Biotechnology median (#546 of 698)

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


UCB Business Description

Address Allee de la Recherche, 60, Brussels, BEL, B-1070
UCB is a Belgium-based biopharma firm focused on the development of novel therapies for the treatment of central nervous system and immunologic diseases. Historically, revenue was derived from allergy medicine Zyrtec and epilepsy drug Keppra, which have both lost patent protection. The firm's key products are Cimzia (immunology), Vimpat (epilepsy), Neupro (Parkinson's disease and restless leg syndrome), Briviact (epilepsy), Bimzelx (psoriasis), Evenity (osteoporosis), Nayzilam (cluster seizures), Fintepla (Dravet Syndrome and Lennox-Gastaut Syndrome), and Kygevvi (rare mitochondrial disease).
91GF Score

Get the complete analysis for STU:UNC

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

€223.60
Price
€251.32
GF Value