Alkaloid AD Skopje (XMAE:ALK) Cyclically Adjusted PB Ratio: 2.39 (As of Aug. 06, 2026) — Near Median

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XMAE:ALK Alkaloid AD Skopje XMAE:ALK
100 GF Score
Price MKD22,999.00
GF Value MKD26,911.45
Valuation Modestly Undervalued
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What is Alkaloid AD Skopje Cyclically Adjusted PB Ratio?

Alkaloid AD Skopje XMAE:ALK 100 Cyclically Adjusted PB Ratio is 2.39 as of Aug. 06, 2026, which is 6% below its 10-year median of 2.55. GuruFocus rates XMAE:ALK with a GF Score™ of 100/100 and a GF Value™ of MKD26,911.45 (Modestly Undervalued). Among 737 Drug Manufacturers companies, Alkaloid AD Skopje ranks worse than 135685.07% on this metric.

As of today (2026-08-06), Alkaloid AD Skopje's current share price is MKD22999.00. Alkaloid AD Skopje's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MKD9,627.95. Alkaloid AD Skopje's Cyclically Adjusted PB Ratio for today is 2.39.

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

XMAE:ALK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.17   Med: 2.55   Max: 3.59
Current: 2.39

During the past years, Alkaloid AD Skopje's highest Cyclically Adjusted PB Ratio was 3.59. The lowest was 2.17. And the median was 2.55.

XMAE:ALK's Cyclically Adjusted PB Ratio is not ranked
in the Drug Manufacturers industry.
Industry Median: 1.77 vs XMAE:ALK: 2.39

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.

Alkaloid AD Skopje's adjusted book value per share data for the three months ended in Jun. 2026 was MKD10,808.053. 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 MKD9,627.95 for the trailing ten years ended in Jun. 2026.

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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 3.03 0.00 2.72 0.00 2.51

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22999.00/9627.95
=2.39

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=10808.053/333.9520*333.9520
=10,808.053

Current CPI (Jun. 2026) = 333.9520.

Alkaloid AD Skopje Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 5,958.097 241.432 8,241.320
201703 0.000 243.801 0.000
201706 5,956.227 244.955 8,120.242
201709 0.000 246.819 0.000
201712 6,263.459 246.524 8,484.751
201803 0.000 249.554 0.000
201806 6,252.968 251.989 8,286.835
201809 0.000 252.439 0.000
201812 6,329.746 251.233 8,413.828
201903 0.000 254.202 0.000
201906 6,605.230 256.143 8,611.712
201909 0.000 256.759 0.000
201912 7,301.200 256.974 9,488.315
202003 0.000 258.115 0.000
202006 7,281.277 257.797 9,432.216
202009 0.000 260.280 0.000
202012 7,741.319 260.474 9,925.094
202103 0.000 264.877 0.000
202106 7,754.159 271.696 9,530.935
202109 0.000 274.310 0.000
202112 8,276.789 278.802 9,914.026
202203 0.000 287.504 0.000
202206 8,339.238 296.311 9,398.589
202209 0.000 296.808 0.000
202212 8,876.742 296.797 9,987.991
202303 0.000 301.836 0.000
202306 8,906.825 305.109 9,748.818
202309 0.000 307.789 0.000
202312 9,787.430 306.746 10,655.499
202403 0.000 312.332 0.000
202406 9,823.092 314.175 10,441.446
202409 0.000 315.301 0.000
202412 10,428.599 315.605 11,034.843
202503 0.000 319.799 0.000
202506 10,389.473 322.561 10,756.369
202509 0.000 324.800 0.000
202512 10,943.910 324.054 11,278.184
202603 0.000 330.213 0.000
202606 10,808.053 333.952 10,808.053

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 2.39 mean?
Alkaloid AD Skopje (XMAE:ALK) has a Cyclically Adjusted PB Ratio of 2.39 as of Aug. 06, 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 Alkaloid AD Skopje and its competitors. This is near median its historical median of 2.55. Over the past decade, Alkaloid AD Skopje's Cyclically Adjusted PB Ratio has ranged from 2.17 to 3.59. According to the industry distribution chart, Alkaloid AD Skopje ranks #999999 out of 737 companies in the Drug Manufacturers industry.
Is Alkaloid AD Skopje's Cyclically Adjusted PB Ratio too high?
Alkaloid AD Skopje's current Cyclically Adjusted PB Ratio of 2.39 is near median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 3.59. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.77. Alkaloid AD Skopje's value of 2.39 is 35% above this industry median. Based on the distribution chart, Alkaloid AD Skopje ranks #999999 out of 737 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Alkaloid AD Skopje has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alkaloid AD Skopje's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Alkaloid AD Skopje ranks #999999 out of 737 companies for Cyclically Adjusted PB Ratio. This places Alkaloid AD Skopje in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. Alkaloid AD Skopje's value of 2.39 is 35% above this benchmark. Historically, Alkaloid AD Skopje's own Cyclically Adjusted PB Ratio has ranged from 2.17 to 3.59 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 1.77, Alkaloid AD Skopje 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.77, based on 737 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. Alkaloid AD Skopje's current Cyclically Adjusted PB Ratio of 2.39 is 35% 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 Alkaloid AD Skopje and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkaloid AD Skopje's current Cyclically Adjusted PB Ratio is 2.39, which is near median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkaloid AD Skopje stock overvalued right now?
Based on GuruFocus' analysis, Alkaloid AD Skopje (XMAE:ALK) is currently considered Modestly Undervalued. The stock's GF Value™ is MKD26,911.45, compared to a current price of MKD22,999.00 — trading 14.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.39, which is near median its 10-year median of 2.55 and 35% above the Drug Manufacturers industry median of 1.77. Alkaloid AD Skopje's overall GF Score™ is 100/100. 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 Alkaloid AD Skopje (XMAE:ALK), the current Cyclically Adjusted PB Ratio is 2.39 as of Aug. 06, 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 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 MKD22,999.00 is trading 14.5% below its estimated GF Value™ of MKD26,911.45. GuruFocus considers Alkaloid AD Skopje to be Modestly Undervalued.

Key valuation signals for XMAE:ALK:

  • Cyclically Adjusted PB Ratio: 2.39 (near median its 10-year median of 2.55)
  • GF Value™: MKD26,911.45 vs. price of MKD22,999.00 (14.5% below fair value)
  • GF Score™: 100/100
  • Industry Position: 35% above the Drug Manufacturers median (#999999 of 737)

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.

MKD22,999.00
Price
MKD26,911.45
GF Value