Pangaea Oncology (XMAD:PANG) Cyclically Adjusted PB Ratio: 2.35 (As of Aug. 12, 2026) — 18% Below Median

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XMAD:PANG Pangaea Oncology SA XMAD:PANG
65 GF Score
Price €1.55
GF Value €2.10
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Pangaea Oncology Cyclically Adjusted PB Ratio?

Pangaea Oncology XMAD:PANG 65 Cyclically Adjusted PB Ratio is 2.35 as of Aug. 12, 2026, which is 18% below its 10-year median of 2.85. GuruFocus rates XMAD:PANG with a GF Score™ of 65/100 and a GF Value™ of €2.10 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 131 Medical Diagnostics & Research companies, Pangaea Oncology ranks worse than 60.31% on this metric.

As of today (2026-08-12), Pangaea Oncology's current share price is €1.55. Pangaea Oncology's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €0.66. Pangaea Oncology's Cyclically Adjusted PB Ratio for today is 2.35.

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

XMAD:PANG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 2.85   Max: 3.33
Current: 2.34

During the past 13 years, Pangaea Oncology's highest Cyclically Adjusted PB Ratio was 3.33. The lowest was 2.27. And the median was 2.85.

XMAD:PANG's Cyclically Adjusted PB Ratio is ranked worse than
60.31% of 131 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.78 vs XMAD:PANG: 2.34

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.

Pangaea Oncology's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.593. 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 €0.66 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pangaea Oncology  (XMAD:PANG) 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.


Pangaea Oncology Cyclically Adjusted PB Ratio Related Terms


Pangaea Oncology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pangaea Oncology'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.

Pangaea Oncology Cyclically Adjusted PB Ratio Chart

Pangaea Oncology 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 0.00 3.04 2.73 2.95 2.61

Pangaea Oncology Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.73 0.00 2.95 0.00 2.61

XMAD:PANG vs TMO, DHR, IDXX: Cyclically Adjusted PB Ratio Comparison

For the Diagnostics & Research subindustry, Pangaea Oncology'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.


Pangaea Oncology Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Pangaea Oncology's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XMAD:PANG
65GF Score
Pangaea Oncology SA XMAD:PANG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pangaea Oncology 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.

Pangaea Oncology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.55/0.66
=2.35

* 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.

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

For example, Pangaea Oncology'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)
=0.593/128.4000*128.4000
=0.593

Current CPI (Dec25) = 128.4000.

Pangaea Oncology Annual Data

Book Value per Share CPI Adj_Book
201612 0.562 101.842 0.709
201712 0.469 102.975 0.585
201812 0.639 104.193 0.787
201912 0.485 105.015 0.593
202012 0.437 104.456 0.537
202112 0.617 111.298 0.712
202212 0.752 117.650 0.821
202312 0.596 121.300 0.631
202412 0.647 124.753 0.666
202512 0.593 128.400 0.593

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 2.35 mean?
Pangaea Oncology (XMAD:PANG) has a Cyclically Adjusted PB Ratio of 2.35 as of Aug. 12, 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 Pangaea Oncology and its competitors. This is 18% below median its historical median of 2.85. Over the past decade, Pangaea Oncology's Cyclically Adjusted PB Ratio has ranged from 2.27 to 3.33. According to the industry distribution chart, Pangaea Oncology ranks #79 out of 131 companies in the Medical Diagnostics & Research industry, placing it in the top 60.3%.
Is Pangaea Oncology's Cyclically Adjusted PB Ratio too high?
Pangaea Oncology's current Cyclically Adjusted PB Ratio of 2.35 is 18% below median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 3.33. The Medical Diagnostics & Research industry median Cyclically Adjusted PB Ratio is 1.78. Pangaea Oncology's value of 2.35 is 32% above this industry median. Based on the distribution chart, Pangaea Oncology ranks #79 out of 131 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Pangaea Oncology has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pangaea Oncology's Cyclically Adjusted PB Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Pangaea Oncology ranks #79 out of 131 companies for Cyclically Adjusted PB Ratio. This places Pangaea Oncology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Pangaea Oncology's value of 2.35 is 32% above this benchmark. Historically, Pangaea Oncology's own Cyclically Adjusted PB Ratio has ranged from 2.27 to 3.33 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 1.78, Pangaea Oncology 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 Medical Diagnostics & Research company?
The median Cyclically Adjusted PB Ratio among Medical Diagnostics & Research companies is 1.78, based on 131 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. Pangaea Oncology's current Cyclically Adjusted PB Ratio of 2.35 is 32% 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 Pangaea Oncology and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pangaea Oncology's current Cyclically Adjusted PB Ratio is 2.35, which is 18% below median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pangaea Oncology stock overvalued right now?
Based on GuruFocus' analysis, Pangaea Oncology (XMAD:PANG) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.10, compared to a current price of €1.55 — trading 26.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.35, which is 18% below median its 10-year median of 2.85 and 32% above the Medical Diagnostics & Research industry median of 1.78. Pangaea Oncology's overall GF Score™ is 65/100 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 Pangaea Oncology (XMAD:PANG), the current Cyclically Adjusted PB Ratio is 2.35 as of Aug. 12, 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 Pangaea Oncology (XMAD:PANG) Overvalued in 2026?

Based on GuruFocus' analysis, Pangaea Oncology stock appears to be undervalued. The current stock price of €1.55 is trading 26.2% below its estimated GF Value™ of €2.10. GuruFocus considers Pangaea Oncology to be Modestly Undervalued.

Key valuation signals for XMAD:PANG:

  • Cyclically Adjusted PB Ratio: 2.35 (18% below median its 10-year median of 2.85)
  • GF Value™: €2.10 vs. price of €1.55 (26.2% below fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 32% above the Medical Diagnostics & Research median (#79 of 131)

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


Pangaea Oncology Business Description

Address Calle Sabino Arana, 5-19, Barcelona, ESP, 08028
Pangaea Oncology SA is a medical services company. The company provides a wide range of services to cancer patients, as well as global pharmaceutical and biotech clients, in the fields of molecular diagnostics, clinical trials, in vitro drug profiling, dx platform validation, and biomarker discovery. The company has aggregated its operations into two segments, Clinical Care division and Diagnostic and Research and Development services division. Clinical Care division delivers medical oncology services and related activities. Diagnostic and Research and Development services division provides diagnostic and in-vitro services.
65GF Score

Get the complete analysis for XMAD:PANG

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

€1.55
Price
€2.10
GF Value