ImmuCell (FRA:IUL) Cyclically Adjusted PS Ratio: 3.32 (As of Aug. 20, 2026) — 25% Above Median

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FRA:IUL ImmuCell Corp FRA:IUL
55 GF Score
Price €8.30
GF Value €5.66
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ImmuCell Cyclically Adjusted PS Ratio?

ImmuCell FRA:IUL +1.22% 55 Cyclically Adjusted PS Ratio is 3.32 as of Aug. 20, 2026, which is 25% above its 10-year median of 2.66. GuruFocus rates FRA:IUL with a GF Score™ of 55/100 and a GF Value™ of €5.66 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 532 Biotechnology companies, ImmuCell ranks better than 61.65% on this metric.

As of today (2026-08-20), ImmuCell's current share price is €8.30. ImmuCell's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.50. ImmuCell's Cyclically Adjusted PS Ratio for today is 3.32.

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

FRA:IUL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.66   Max: 5.08
Current: 3.49

During the past years, ImmuCell's highest Cyclically Adjusted PS Ratio was 5.08. The lowest was 1.23. And the median was 2.66.

FRA:IUL's Cyclically Adjusted PS Ratio is ranked better than
61.65% of 532 companies
in the Biotechnology industry
Industry Median: 5.745 vs FRA:IUL: 3.49

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.

ImmuCell's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.679. 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 €2.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ImmuCell  (FRA:IUL) 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.


ImmuCell Cyclically Adjusted PS Ratio Related Terms


ImmuCell Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ImmuCell'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.

ImmuCell Cyclically Adjusted PS Ratio Chart

ImmuCell 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 3.14 2.23 1.82 1.80 2.19

ImmuCell Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.42 2.19 2.19 2.20 3.46

FRA:IUL vs COYA, ENTX, BDTX: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, ImmuCell'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.


ImmuCell Cyclically Adjusted PS Ratio vs Biotechnology Industry

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

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


FRA:IUL
55GF Score
ImmuCell Corp FRA:IUL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ImmuCell 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.30/2.50
=3.32

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.679/333.9520*333.9520
=0.679

Current CPI (Jun. 2026) = 333.9520.

ImmuCell Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.407 241.428 0.563
201612 0.437 241.432 0.604
201703 0.671 243.801 0.919
201706 0.321 244.955 0.438
201709 0.337 246.819 0.456
201712 0.518 246.524 0.702
201803 0.426 249.554 0.570
201806 0.471 251.989 0.624
201809 0.337 252.439 0.446
201812 0.469 251.233 0.623
201903 0.689 254.202 0.905
201906 0.333 256.143 0.434
201909 0.374 256.759 0.486
201912 0.453 256.974 0.589
202003 0.616 258.115 0.797
202006 0.365 257.797 0.473
202009 0.438 260.280 0.562
202012 0.426 260.474 0.546
202103 0.478 264.877 0.603
202106 0.486 271.696 0.597
202109 0.560 274.310 0.682
202112 0.622 278.802 0.745
202203 0.699 287.504 0.812
202206 0.472 296.311 0.532
202209 0.625 296.808 0.703
202212 0.477 296.797 0.537
202303 0.416 301.836 0.460
202306 0.421 305.109 0.461
202309 0.653 307.789 0.709
202312 0.603 306.746 0.656
202403 0.861 312.332 0.921
202406 0.651 314.175 0.692
202409 0.664 315.301 0.703
202412 0.828 315.605 0.876
202503 0.831 319.799 0.868
202506 0.619 322.561 0.641
202509 0.519 324.800 0.534
202512 0.720 324.054 0.742
202603 0.990 330.213 1.001
202606 0.679 333.952 0.679

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 3.32 mean?
ImmuCell (FRA:IUL) has a Cyclically Adjusted PS Ratio of 3.32 as of Aug. 20, 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 ImmuCell and its competitors. This is 25% above median its historical median of 2.66. Over the past decade, ImmuCell's Cyclically Adjusted PS Ratio has ranged from 1.23 to 5.08. According to the industry distribution chart, ImmuCell ranks #204 out of 532 companies in the Biotechnology industry, placing it in the top 38.3%.
Is ImmuCell's Cyclically Adjusted PS Ratio too high?
ImmuCell's current Cyclically Adjusted PS Ratio of 3.32 is 25% above median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 5.08. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.75. ImmuCell's value of 3.32 is 42.2% below this industry median. Based on the distribution chart, ImmuCell ranks #204 out of 532 companies in the Biotechnology industry, which is above the industry midpoint. Overall, ImmuCell has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ImmuCell's Cyclically Adjusted PS Ratio compare to COYA and ENTX?
According to the Biotechnology industry distribution chart, ImmuCell ranks #204 out of 532 companies for Cyclically Adjusted PS Ratio. This puts ImmuCell in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.75. ImmuCell's value of 3.32 is 42.2% below this benchmark. Historically, ImmuCell's own Cyclically Adjusted PS Ratio has ranged from 1.23 to 5.08 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 5.75, ImmuCell has consistently been below 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 5.75, based on 532 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. ImmuCell's current Cyclically Adjusted PS Ratio of 3.32 is 42.2% below 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 ImmuCell and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PS Ratio is 5.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ImmuCell's current Cyclically Adjusted PS Ratio is 3.32, which is 25% above median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ImmuCell stock overvalued right now?
Based on GuruFocus' analysis, ImmuCell (FRA:IUL) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.66, compared to a current price of €8.30 — trading 46.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.32, which is 25% above median its 10-year median of 2.66 and 42.2% below the Biotechnology industry median of 5.75. ImmuCell's overall GF Score™ is 55/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For ImmuCell (FRA:IUL), the current Cyclically Adjusted PS Ratio is 3.32 as of Aug. 20, 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 ImmuCell (FRA:IUL) Overvalued in 2026?

Based on GuruFocus' analysis, ImmuCell stock appears to be overvalued. The current stock price of €8.30 is trading 46.6% above its estimated GF Value™ of €5.66. GuruFocus considers ImmuCell to be Significantly Overvalued.

Key valuation signals for FRA:IUL:

  • Cyclically Adjusted PS Ratio: 3.32 (25% above median its 10-year median of 2.66)
  • GF Value™: €5.66 vs. price of €8.30 (46.6% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 42.2% below the Biotechnology median (#204 of 532)

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


ImmuCell Business Description

Other Exchanges ICCC:USA
Address 56 Evergreen Drive, Portland, ME, USA, 04103
ImmuCell Corp is an animal health biologics company focused on the development, manufacture, and commercialization of products intended to improve the survivability, health, and long-term performance of neonatal dairy and beef calves. Its product, First Defense, utilizes hyperimmunized bovine colostrum to provide pathogen-specific antibodies and other bioactive components. First Defense is designed to provide Immediate Immunity through orally delivered antibodies against the principal viral and bacterial causes of neonatal calf diarrhea (scours), including Escherichia coli (E.coli), bovine coronavirus, and bovine rotavirus. It has two operating segments: Scours and Mastitis. It derives the majority of the revenue from the Scours segment that consists of the First Defense product line.
55GF Score

Get the complete analysis for FRA:IUL

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

€8.30
Price
€5.66
GF Value