AnaptysBio (FRA:AN6) Cyclically Adjusted PS Ratio: 19.55 (As of Aug. 06, 2026) — 83% Above Median

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FRA:AN6 AnaptysBio Inc FRA:AN6
44 GF Score
Price €47.31
! 2 Warning Signs
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What is AnaptysBio Cyclically Adjusted PS Ratio?

AnaptysBio FRA:AN6 -0.98% 44 Cyclically Adjusted PS Ratio is 19.55 as of Aug. 06, 2026, which is 83% above its 10-year median of 10.70. GuruFocus rates FRA:AN6 with a GF Score™ of 44/100. The stock has 2 warning signs investors should review. Among 537 Biotechnology companies, AnaptysBio ranks worse than 80.07% on this metric.

As of today (2026-08-06), AnaptysBio's current share price is €47.31. AnaptysBio's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €2.42. AnaptysBio's Cyclically Adjusted PS Ratio for today is 19.55.

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

FRA:AN6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.33   Med: 10.7   Max: 24.16
Current: 19.15

During the past years, AnaptysBio's highest Cyclically Adjusted PS Ratio was 24.16. The lowest was 5.33. And the median was 10.70.

FRA:AN6's Cyclically Adjusted PS Ratio is ranked worse than
80.07% of 537 companies
in the Biotechnology industry
Industry Median: 5.5 vs FRA:AN6: 19.15

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

AnaptysBio's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.770. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €2.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AnaptysBio  (FRA:AN6) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


AnaptysBio Cyclically Adjusted PS Ratio Related Terms


AnaptysBio Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AnaptysBio's Cyclically Adjusted PS 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.

AnaptysBio Cyclically Adjusted PS Ratio Chart

AnaptysBio Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 4.99 11.70

AnaptysBio Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 6.51 7.36 8.83 11.70 12.88

FRA:AN6 vs MLTX, ABCL, TSHA: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, AnaptysBio's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


AnaptysBio Cyclically Adjusted PS Ratio vs Biotechnology Industry

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

* The bar in red indicates where AnaptysBio's Cyclically Adjusted PS Ratio falls into.


FRA:AN6
44GF Score
AnaptysBio Inc FRA:AN6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AnaptysBio Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

AnaptysBio's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=47.31/2.42
=19.55

* 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.

AnaptysBio's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, AnaptysBio's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.77/330.2130*330.2130
=0.770

Current CPI (Mar. 2026) = 330.2130.

AnaptysBio Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.347 241.018 0.475
201609 0.191 241.428 0.261
201612 0.144 241.432 0.197
201703 0.000 243.801 0.000
201706 0.307 244.955 0.414
201709 0.000 246.819 0.000
201712 0.110 246.524 0.147
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.177 252.439 0.232
201812 0.000 251.233 0.000
201903 0.000 254.202 0.000
201906 0.164 256.143 0.211
201909 0.000 256.759 0.000
201912 0.099 256.974 0.127
202003 0.498 258.115 0.637
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 1.803 260.474 2.286
202103 0.345 264.877 0.430
202106 0.910 271.696 1.106
202109 0.647 274.310 0.779
202112 0.033 278.802 0.039
202203 0.032 287.504 0.037
202206 0.041 296.311 0.046
202209 0.046 296.808 0.051
202212 0.226 296.797 0.251
202303 0.046 301.836 0.050
202306 0.120 305.109 0.130
202309 0.117 307.789 0.126
202312 0.311 306.746 0.335
202403 0.246 312.332 0.260
202406 0.373 314.175 0.392
202409 0.936 315.301 0.980
202412 1.352 315.605 1.415
202503 0.838 319.799 0.865
202506 0.670 322.561 0.686
202509 2.241 324.800 2.278
202512 3.328 324.054 3.391
202603 0.770 330.213 0.770

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 19.55 mean?
AnaptysBio (FRA:AN6) has a Cyclically Adjusted PS Ratio of 19.55 as of Aug. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on AnaptysBio and its competitors. This is 83% above median its historical median of 10.70. Over the past decade, AnaptysBio's Cyclically Adjusted PS Ratio has ranged from 5.33 to 24.16. According to the industry distribution chart, AnaptysBio ranks #430 out of 537 companies in the Biotechnology industry, placing it in the top 80.1%.
Is AnaptysBio's Cyclically Adjusted PS Ratio too high?
AnaptysBio's current Cyclically Adjusted PS Ratio of 19.55 is 83% above median its 10-year median of 10.70. Over the past 10 years, this metric has ranged from a low of 5.33 to a high of 24.16. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.50. AnaptysBio's value of 19.55 is 255.5% above this industry median. Based on the distribution chart, AnaptysBio ranks #430 out of 537 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, AnaptysBio has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does AnaptysBio's Cyclically Adjusted PS Ratio compare to MLTX and ABCL?
According to the Biotechnology industry distribution chart, AnaptysBio ranks #430 out of 537 companies for Cyclically Adjusted PS Ratio. This places AnaptysBio in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.50. AnaptysBio's value of 19.55 is 255.5% above this benchmark. Historically, AnaptysBio's own Cyclically Adjusted PS Ratio has ranged from 5.33 to 24.16 over the past decade. While the company's 10-year median is 10.70 vs. the industry median of 5.50, AnaptysBio 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 PS Ratio for a Biotechnology company?
The median Cyclically Adjusted PS Ratio among Biotechnology companies is 5.50, based on 537 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AnaptysBio's current Cyclically Adjusted PS Ratio of 19.55 is 255.5% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on AnaptysBio and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PS Ratio is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AnaptysBio's current Cyclically Adjusted PS Ratio is 19.55, which is 83% above median its own 10-year median of 10.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AnaptysBio stock overvalued right now?
AnaptysBio (FRA:AN6) has a current Cyclically Adjusted PS Ratio of 19.55. The current Cyclically Adjusted PS Ratio is 19.55, which is 83% above median its 10-year median of 10.70 and 255.5% above the Biotechnology industry median of 5.50. AnaptysBio's overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For AnaptysBio (FRA:AN6), the current Cyclically Adjusted PS Ratio is 19.55 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.

AnaptysBio Business Description

Other Exchanges ANAB:USA0HFQ:UK
Address 10770 Wateridge Circle, Suite 210, San Diego, CA, USA, 92121
AnaptysBio Inc is a clinical-stage biotechnology company. The company is focused on developing antibody product candidates for unmet medical needs in inflammation and immuno-oncology. The company is developing immune cell modulating antibodies, including two wholly owned checkpoint agonists in clinical-stage development, for autoimmune and inflammatory diseases; rosnilimab, PD-1 agonist in a Phase 2b trial for the treatment of moderate-to-severe rheumatoid arthritis (RA) and a Phase 2 trial for the treatment of moderate-to-severe ulcerative colitis (UC); and ANB032, BTLA agonist, in a Phase 2b trial for the treatment of moderate-to-severe atopic dermatitis (AD).
44GF Score

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

€47.31
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