Alkaloid AD Skopje (XMAE:ALK) Cyclically Adjusted PB Ratio: (As of Jul. 27, 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.
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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.

XMAE:ALK Alkaloid AD Skopje XMAE:ALK
100 GF Score
Price MKD23,499.00
GF Value MKD27,461.20
Valuation Modestly Undervalued
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What is Alkaloid AD Skopje Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alkaloid AD Skopje  (XMAE:ALK) 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.


Alkaloid AD Skopje Cyclically Adjusted PB Ratio Related Terms


Alkaloid AD Skopje Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alkaloid AD Skopje'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.

Alkaloid AD Skopje Cyclically Adjusted PB Ratio Chart

Alkaloid AD Skopje 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 2.60 2.26 2.24 3.26 2.72

Alkaloid AD Skopje 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 0.00 3.03 0.00 2.72 0.00

XMAE:ALK vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Alkaloid AD Skopje'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.


Alkaloid AD Skopje Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


XMAE:ALK
100GF Score
Alkaloid AD Skopje XMAE:ALK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alkaloid AD Skopje 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.

Alkaloid AD Skopje's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Alkaloid AD Skopje's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

Alkaloid AD Skopje Quarterly Data

Book Value per Share CPI Adj_Book
201606 5,664.974 241.018 7,761.445
201609 0.000 241.428 0.000
201612 5,958.097 241.432 8,149.049
201703 0.000 243.801 0.000
201706 5,956.227 244.955 8,029.326
201709 0.000 246.819 0.000
201712 6,263.459 246.524 8,389.753
201803 0.000 249.554 0.000
201806 6,252.968 251.989 8,194.053
201809 0.000 252.439 0.000
201812 6,329.746 251.233 8,319.625
201903 0.000 254.202 0.000
201906 6,605.230 256.143 8,515.293
201909 0.000 256.759 0.000
201912 7,301.200 256.974 9,382.082
202003 0.000 258.115 0.000
202006 7,281.277 257.797 9,326.611
202009 0.000 260.280 0.000
202012 7,741.319 260.474 9,813.971
202103 0.000 264.877 0.000
202106 7,754.159 271.696 9,424.225
202109 0.000 274.310 0.000
202112 8,276.789 278.802 9,803.026
202203 0.000 287.504 0.000
202206 8,339.238 296.311 9,293.360
202209 0.000 296.808 0.000
202212 8,876.742 296.797 9,876.163
202303 0.000 301.836 0.000
202306 8,906.825 305.109 9,639.668
202309 0.000 307.789 0.000
202312 9,787.430 306.746 10,536.198
202403 0.000 312.332 0.000
202406 9,823.092 314.175 10,324.541
202409 0.000 315.301 0.000
202412 10,428.599 315.605 10,911.294
202503 0.000 319.799 0.000
202506 10,389.473 322.561 10,635.939
202509 0.000 324.800 0.000
202512 10,943.910 324.054 11,151.911
202603 0.000 330.213 0.000

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.

Is Alkaloid AD Skopje (XMAE:ALK) Overvalued in 2026?

Based on GuruFocus' analysis, Alkaloid AD Skopje stock appears to be undervalued. The current stock price of MKD23,499.00 is trading 14.4% below its estimated GF Value™ of MKD27,461.20. GuruFocus considers Alkaloid AD Skopje to be Modestly Undervalued.

Key valuation signals for XMAE:ALK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MKD27,461.20 vs. price of MKD23,499.00 (14.4% below fair value)
  • GF Score™: 100/100

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


Alkaloid AD Skopje Business Description

Address Boulevard Aleksandar, Makedonski 12, Skopje, MKD, 1000
Alkaloid AD Skopje is engaged in producing and selling pharmaceutical, chemical and cosmetic products, as well as goods from the herbal origin. Its segments are Pharmaceuticals, Chemicals, Cosmetics and Botanicals. It derives maximum revenue from Pharmaceuticals products segment.
100GF Score

Get the complete analysis for XMAE:ALK

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

MKD23,499.00
Price
MKD27,461.20
GF Value