AnGes (TSE:4563) Cyclically Adjusted PB Ratio: 0.36 (As of Aug. 03, 2026) — 86% Below Median

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TSE:4563 AnGes Inc TSE:4563
56 GF Score
Price 円47.00
GF Value 円97.36
Valuation Possible Value Trap
! 5 Warning Signs
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What is AnGes Cyclically Adjusted PB Ratio?

AnGes TSE:4563 56 Cyclically Adjusted PB Ratio is 0.36 as of Aug. 03, 2026, which is 86% below its 10-year median of 2.58. GuruFocus rates TSE:4563 with a GF Score™ of 56/100 and a GF Value™ of 円97.36 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 697 Biotechnology companies, AnGes ranks better than 78.48% on this metric.

As of today (2026-08-03), AnGes's current share price is 円47.00. AnGes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円132.13. AnGes's Cyclically Adjusted PB Ratio for today is 0.36.

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

TSE:4563' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 2.58   Max: 22.73
Current: 0.36

During the past years, AnGes's highest Cyclically Adjusted PB Ratio was 22.73. The lowest was 0.31. And the median was 2.58.

TSE:4563's Cyclically Adjusted PB Ratio is ranked better than
78.48% of 697 companies
in the Biotechnology industry
Industry Median: 1.6 vs TSE:4563: 0.36

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.

AnGes's adjusted book value per share data for the three months ended in Dec. 2025 was 円7.907. 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 円132.13 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


AnGes  (TSE:4563) 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.


AnGes Cyclically Adjusted PB Ratio Related Terms


AnGes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AnGes'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.

AnGes Cyclically Adjusted PB Ratio Chart

AnGes 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 3.35 0.92 0.52 0.38 0.46

AnGes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.49 0.47 0.62 0.46 0.00

TSE:4563 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, AnGes'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.


AnGes Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


TSE:4563
56GF Score
AnGes Inc TSE:4563
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AnGes 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.00/132.13
=0.36

* 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.

AnGes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, AnGes's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=7.907/113.0000*113.0000
=7.907

Current CPI (Dec. 2025) = 113.0000.

AnGes Quarterly Data

Book Value per Share CPI Adj_Book
201603 52.807 97.900 60.952
201606 73.704 98.100 84.899
201609 69.588 98.000 80.239
201612 54.783 98.400 62.911
201703 45.204 98.100 52.070
201706 56.970 98.500 65.356
201709 47.250 98.800 54.041
201712 45.430 99.400 51.646
201803 46.961 99.200 53.494
201806 54.808 99.200 62.433
201809 63.332 99.900 71.637
201812 78.938 99.700 89.468
201903 113.472 99.700 128.609
201906 127.914 99.800 144.832
201909 121.461 100.100 137.114
201912 112.699 100.500 126.716
202003 127.078 100.300 143.169
202006 176.122 99.900 199.217
202009 165.457 99.900 187.154
202012 245.603 99.300 279.488
202103 261.412 99.900 295.691
202106 287.766 99.500 326.810
202109 260.099 100.100 293.618
202112 252.396 100.100 284.923
202203 240.803 101.100 269.147
202206 225.468 101.800 250.274
202209 214.477 103.100 235.072
202212 170.332 104.100 184.894
202303 153.928 104.400 166.608
202306 148.952 105.200 159.996
202309 149.055 106.200 158.599
202312 131.522 106.800 139.157
202403 124.451 107.200 131.184
202406 107.333 108.200 112.095
202409 92.420 108.900 95.900
202412 7.531 110.700 7.687
202503 9.648 111.100 9.813
202506 9.508 111.700 9.619
202509 10.808 112.000 10.905
202512 7.907 113.000 7.907

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 0.36 mean?
AnGes (TSE:4563) has a Cyclically Adjusted PB Ratio of 0.36 as of Aug. 03, 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 AnGes and its competitors. This is 86% below median its historical median of 2.58. Over the past decade, AnGes' Cyclically Adjusted PB Ratio has ranged from 0.31 to 22.73. According to the industry distribution chart, AnGes ranks #150 out of 697 companies in the Biotechnology industry, placing it in the top 21.5%.
Is AnGes' Cyclically Adjusted PB Ratio too high?
AnGes' current Cyclically Adjusted PB Ratio of 0.36 is 86% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 22.73. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.60. AnGes' value of 0.36 is 77.5% below this industry median. Based on the distribution chart, AnGes ranks #150 out of 697 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, AnGes has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AnGes' Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, AnGes ranks #150 out of 697 companies for Cyclically Adjusted PB Ratio. This places AnGes in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.60. AnGes' value of 0.36 is 77.5% below this benchmark. Historically, AnGes' own Cyclically Adjusted PB Ratio has ranged from 0.31 to 22.73 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.60, AnGes has consistently been below 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 1.60, based on 697 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. AnGes's current Cyclically Adjusted PB Ratio of 0.36 is 77.5% below 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 AnGes and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AnGes's current Cyclically Adjusted PB Ratio is 0.36, which is 86% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AnGes stock overvalued right now?
Based on GuruFocus' analysis, AnGes (TSE:4563) is currently considered Possible Value Trap. The stock's GF Value™ is 円97.36, compared to a current price of 円47.00 — trading 51.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.36, which is 86% below median its 10-year median of 2.58 and 77.5% below the Biotechnology industry median of 1.60. AnGes' overall GF Score™ is 56/100 with 5 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 AnGes (TSE:4563), the current Cyclically Adjusted PB Ratio is 0.36 as of Aug. 03, 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 AnGes (TSE:4563) Overvalued in 2026?

Based on GuruFocus' analysis, AnGes stock appears to be undervalued. The current stock price of 円47.00 is trading 51.7% below its estimated GF Value™ of 円97.36. GuruFocus considers AnGes to be Possible Value Trap.

Key valuation signals for TSE:4563:

  • Cyclically Adjusted PB Ratio: 0.36 (86% below median its 10-year median of 2.58)
  • GF Value™: 円97.36 vs. price of 円47.00 (51.7% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 77.5% below the Biotechnology median (#150 of 697)

No single metric tells the full story. See the TSE:4563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AnGes Business Description

Other Exchanges AJW:Germany
Address 7-7-15, Saito-asagi, 4F, Saito Bio-Incubator, Ibaraki, Osaka, JPN, 567-0085
AnGes Inc is a biopharmaceutical company. The company is involved in research and development and sales of pharmaceuticals such as gene-based drugs (gene therapy products, nucleic acid drugs); contract testing for rare genetic diseases, etc.
56GF Score

Get the complete analysis for TSE:4563

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

円47.00
Price
円97.36
GF Value