Helix BioPharma (TSX:HBP) Cyclically Adjusted PB Ratio: 75.00 (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

TSX:HBP Helix BioPharma Corp TSX:HBP
31 GF Score
Price C$1.50
View Full Analysis

What is Helix BioPharma Cyclically Adjusted PB Ratio?

Helix BioPharma TSX:HBP 31 Cyclically Adjusted PB Ratio is 75.00 as of Aug. 03, 2026. GuruFocus rates TSX:HBP with a GF Score™ of 31/100. Among 697 Biotechnology companies, Helix BioPharma ranks worse than 98.71% on this metric.

As of today (2026-08-03), Helix BioPharma's current share price is C$1.50. Helix BioPharma's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was C$0.02. Helix BioPharma's Cyclically Adjusted PB Ratio for today is 75.00.

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

TSX:HBP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 74.79
Current: 74.79

During the past years, Helix BioPharma's highest Cyclically Adjusted PB Ratio was 74.79. The lowest was 0.00. And the median was 0.00.

TSX:HBP's Cyclically Adjusted PB Ratio is ranked worse than
98.71% of 697 companies
in the Biotechnology industry
Industry Median: 1.6 vs TSX:HBP: 74.79

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.

Helix BioPharma's adjusted book value per share data for the three months ended in Apr. 2026 was C$0.192. 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 C$0.02 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Helix BioPharma  (TSX:HBP) 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.


Helix BioPharma Cyclically Adjusted PB Ratio Related Terms


Helix BioPharma Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Helix BioPharma'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.

Helix BioPharma Cyclically Adjusted PB Ratio Chart

Helix BioPharma Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.58 6.04 10.19 17.42 44.64

Helix BioPharma Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 30.30 44.64 95.61 94.15 104.28

TSX:HBP vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Helix BioPharma'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.


Helix BioPharma Cyclically Adjusted PB Ratio vs Biotechnology Industry

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

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


TSX:HBP
31GF Score
Helix BioPharma Corp TSX:HBP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Helix BioPharma 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.

Helix BioPharma's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.50/0.02
=75.00

* 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.

Helix BioPharma's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Helix BioPharma's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.192/132.7364*132.7364
=0.192

Current CPI (Apr. 2026) = 132.7364.

Helix BioPharma Quarterly Data

Book Value per Share CPI Adj_Book
201607 0.177 101.844 0.231
201610 0.050 102.002 0.065
201701 -0.010 102.318 -0.013
201704 -0.080 103.029 -0.103
201707 -0.001 103.029 -0.001
201710 0.106 103.424 0.136
201801 0.008 104.056 0.010
201804 -0.074 105.320 -0.093
201807 -0.074 106.110 -0.093
201810 -0.079 105.952 -0.099
201901 -0.079 105.557 -0.099
201904 -0.087 107.453 -0.107
201907 -0.147 108.243 -0.180
201910 0.002 107.927 0.002
202001 0.004 108.085 0.005
202004 0.180 107.216 0.223
202007 0.090 108.401 0.110
202010 0.098 108.638 0.120
202101 0.133 109.192 0.162
202104 0.046 110.851 0.055
202107 -0.049 112.431 -0.058
202110 -0.096 113.695 -0.112
202201 -0.143 114.801 -0.165
202204 -0.061 118.357 -0.068
202207 0.009 120.964 0.010
202210 -0.025 121.517 -0.027
202301 0.056 121.596 0.061
202304 0.023 123.571 0.025
202307 -0.019 124.914 -0.020
202310 0.014 125.310 0.015
202401 -0.006 125.072 -0.006
202404 -0.008 126.890 -0.008
202407 -0.002 128.075 -0.002
202410 -0.028 127.838 -0.029
202501 0.000 127.443 0.000
202504 -0.026 129.102 -0.027
202507 0.210 130.290 0.214
202510 0.210 130.603 0.213
202601 0.201 130.366 0.205
202604 0.192 132.736 0.192

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 75.00 mean?
Helix BioPharma (TSX:HBP) has a Cyclically Adjusted PB Ratio of 75.00 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 Helix BioPharma and its competitors. According to the industry distribution chart, Helix BioPharma ranks #688 out of 697 companies in the Biotechnology industry, placing it in the top 98.7%.
Is Helix BioPharma's Cyclically Adjusted PB Ratio too high?
Helix BioPharma's current Cyclically Adjusted PB Ratio is 75.00. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.60. Helix BioPharma's value of 75.00 is 4587.5% above this industry median. Based on the distribution chart, Helix BioPharma ranks #688 out of 697 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Helix BioPharma has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Helix BioPharma's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Helix BioPharma ranks #688 out of 697 companies for Cyclically Adjusted PB Ratio. This places Helix BioPharma in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.60. Helix BioPharma's value of 75.00 is 4587.5% above this benchmark. 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. Helix BioPharma's current Cyclically Adjusted PB Ratio of 75.00 is 4587.5% 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 Helix BioPharma 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. Helix BioPharma's current Cyclically Adjusted PB Ratio is 75.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helix BioPharma stock overvalued right now?
Helix BioPharma (TSX:HBP) has a current Cyclically Adjusted PB Ratio of 75.00. The current Cyclically Adjusted PB Ratio is 75.00 and 4587.5% above the Biotechnology industry median of 1.60. Helix BioPharma's overall GF Score™ is 31/100. 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 Helix BioPharma (TSX:HBP), the current Cyclically Adjusted PB Ratio is 75.00 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.

Helix BioPharma Business Description

Other Exchanges HBPCF:USAHBP0:Germany
Address 40 Temperance Street, Suite 2700, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H0B4
Helix BioPharma Corp is a clinical-stage biopharmaceutical company developing therapies in immune-oncology focused on cancer prevention and treatment. The Company is developing a proprietary platform of bio-conjugates targeting hard-to-treat solid tumors over-expressing CEACAM6, including Tumor Defense Breaker, L-DOS47, and three CEACAM6-specific antibody-drug conjugates. Its pre-IND candidates include LEUMUNA, an oral immune checkpoint modulator for hematological malignancies, and GEMCEDA, an oral prodrug of gemcitabine for solid tumors.
31GF Score

Get the complete analysis for TSX:HBP

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

C$1.50
Price