Dermapharm Holding SE (XTER:DMP) Cyclically Adjusted PB Ratio: 4.65 (As of Aug. 31, 2026) — 12% Below Median

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.

XTER:DMP Dermapharm Holding SE XTER:DMP
85 GF Score
Price €39.55
GF Value €38.11
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Dermapharm Holding SE Cyclically Adjusted PB Ratio?

Dermapharm Holding SE XTER:DMP -1.37% 85 Cyclically Adjusted PB Ratio is 4.65 as of Aug. 31, 2026, which is 12% below its 10-year median of 5.27. GuruFocus rates XTER:DMP with a GF Score™ of 85/100 and a GF Value™ of €38.11 (Fairly Valued). The stock has 5 warning signs investors should review. Among 639 Drug Manufacturers companies, Dermapharm Holding SE ranks worse than 83.26% on this metric.

As of today (2026-08-31), Dermapharm Holding SE's current share price is €39.55. Dermapharm Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.51. Dermapharm Holding SE's Cyclically Adjusted PB Ratio for today is 4.65.

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

XTER:DMP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.55   Med: 5.27   Max: 6.09
Current: 4.72

During the past years, Dermapharm Holding SE's highest Cyclically Adjusted PB Ratio was 6.09. The lowest was 4.55. And the median was 5.27.

XTER:DMP's Cyclically Adjusted PB Ratio is ranked worse than
83.26% of 639 companies
in the Drug Manufacturers industry
Industry Median: 1.73 vs XTER:DMP: 4.72

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.

Dermapharm Holding SE's adjusted book value per share data for the three months ended in Jun. 2026 was €10.834. 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 €8.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dermapharm Holding SE  (XTER:DMP) 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.


Dermapharm Holding SE Cyclically Adjusted PB Ratio Related Terms


Dermapharm Holding SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dermapharm Holding SE'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.

Dermapharm Holding SE Cyclically Adjusted PB Ratio Chart

Dermapharm Holding SE 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 0.00 0.00 0.00 5.02

Dermapharm Holding SE 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 0.00 0.00 5.02 5.14 5.54

XTER:DMP vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Dermapharm Holding SE'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.


Dermapharm Holding SE Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Dermapharm Holding SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTER:DMP
85GF Score
Dermapharm Holding SE XTER:DMP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dermapharm Holding SE 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.

Dermapharm Holding SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.55/8.51
=4.65

* 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.

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

For example, Dermapharm Holding SE'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)
=10.834/131.3638*131.3638
=10.834

Current CPI (Jun. 2026) = 131.3638.

Dermapharm Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.763 99.717 1.005
201612 1.057 101.217 1.372
201703 0.000 101.417 0.000
201706 0.000 102.117 0.000
201709 1.291 102.717 1.651
201712 1.369 102.617 1.753
201803 3.716 102.917 4.743
201806 4.037 104.017 5.098
201809 4.459 104.718 5.594
201812 4.689 104.217 5.910
201903 5.087 104.217 6.412
201906 4.695 105.718 5.834
201909 4.828 106.018 5.982
201912 5.176 105.818 6.426
202003 5.666 105.718 7.041
202006 5.108 106.618 6.294
202009 5.521 105.818 6.854
202012 5.980 105.518 7.445
202103 6.655 107.518 8.131
202106 6.733 108.486 8.153
202109 7.860 109.435 9.435
202112 9.237 110.384 10.993
202203 9.920 113.968 11.434
202206 8.414 115.760 9.548
202209 9.359 118.818 10.347
202212 9.874 119.345 10.868
202303 10.783 122.402 11.572
202306 9.681 123.140 10.328
202309 10.139 124.195 10.724
202312 10.015 123.773 10.629
202403 10.808 125.038 11.355
202406 10.244 125.882 10.690
202409 10.841 126.198 11.285
202412 11.226 127.041 11.608
202503 11.860 127.779 12.193
202506 11.297 128.412 11.557
202509 12.058 129.255 12.255
202512 12.897 129.361 13.097
202603 14.914 131.258 14.926
202606 10.834 131.364 10.834

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 4.65 mean?
Dermapharm Holding SE (XTER:DMP) has a Cyclically Adjusted PB Ratio of 4.65 as of Aug. 31, 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 Dermapharm Holding SE and its competitors. This is 12% below median its historical median of 5.27. Over the past decade, Dermapharm Holding SE's Cyclically Adjusted PB Ratio has ranged from 4.55 to 6.09. According to the industry distribution chart, Dermapharm Holding SE ranks #532 out of 639 companies in the Drug Manufacturers industry, placing it in the top 83.3%.
Is Dermapharm Holding SE's Cyclically Adjusted PB Ratio too high?
Dermapharm Holding SE's current Cyclically Adjusted PB Ratio of 4.65 is 12% below median its 10-year median of 5.27. Over the past 10 years, this metric has ranged from a low of 4.55 to a high of 6.09. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.73. Dermapharm Holding SE's value of 4.65 is 168.8% above this industry median. Based on the distribution chart, Dermapharm Holding SE ranks #532 out of 639 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Dermapharm Holding SE has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dermapharm Holding SE's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Dermapharm Holding SE ranks #532 out of 639 companies for Cyclically Adjusted PB Ratio. This places Dermapharm Holding SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.73. Dermapharm Holding SE's value of 4.65 is 168.8% above this benchmark. Historically, Dermapharm Holding SE's own Cyclically Adjusted PB Ratio has ranged from 4.55 to 6.09 over the past decade. While the company's 10-year median is 5.27 vs. the industry median of 1.73, Dermapharm Holding SE 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 1.73, based on 639 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. Dermapharm Holding SE's current Cyclically Adjusted PB Ratio of 4.65 is 168.8% 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 Dermapharm Holding SE and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dermapharm Holding SE's current Cyclically Adjusted PB Ratio is 4.65, which is 12% below median its own 10-year median of 5.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dermapharm Holding SE stock overvalued right now?
Based on GuruFocus' analysis, Dermapharm Holding SE (XTER:DMP) is currently considered Fairly Valued. The stock's GF Value™ is €38.11, compared to a current price of €39.55 — trading 3.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.65, which is 12% below median its 10-year median of 5.27 and 168.8% above the Drug Manufacturers industry median of 1.73. Dermapharm Holding SE's overall GF Score™ is 85/100 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 Dermapharm Holding SE (XTER:DMP), the current Cyclically Adjusted PB Ratio is 4.65 as of Aug. 31, 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 Dermapharm Holding SE (XTER:DMP) Overvalued in 2026?

Based on GuruFocus' analysis, Dermapharm Holding SE stock appears to be overvalued. The current stock price of €39.55 is trading 3.8% above its estimated GF Value™ of €38.11. GuruFocus considers Dermapharm Holding SE to be Fairly Valued.

Key valuation signals for XTER:DMP:

  • Cyclically Adjusted PB Ratio: 4.65 (12% below median its 10-year median of 5.27)
  • GF Value™: €38.11 vs. price of €39.55 (3.8% above fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 168.8% above the Drug Manufacturers median (#532 of 639)

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


Dermapharm Holding SE Business Description

Other Exchanges DMPHF:USA0A5J:UKDMPd:UK
Address Lil-Dagover-Ring 7, Grunwald, BY, DEU, 82031
Dermapharm Holding SE manufactures patent-free branded pharmaceuticals for selected therapy fields, over-the-counter drugs, and natural remedies. The portfolio of the company includes cosmetics, nutritional supplements, and diet and medical devices. Business operating segments include Branded pharmaceuticals, which drive key revenue, Other healthcare products, and Parallel import business. The Branded pharmaceuticals segment covers numerous product areas through a wide variety of items sold under reputable brand names.
85GF Score

Get the complete analysis for XTER:DMP

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

€39.55
Price
€38.11
GF Value