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.
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.
Heidelberg Pharma AGXTER:HPHA -1.59%51 Cyclically Adjusted PS Ratio is 10.74 as of Aug. 07, 2026, which is 24% above its 10-year median of 8.66. GuruFocus rates XTER:HPHA with a GF Score™ of 51/100 and a GF Value™ of €2.94 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 537 Biotechnology companies, Heidelberg Pharma AG ranks worse than 68.34% on this metric.
The historical rank and industry rank for Heidelberg Pharma AG's Cyclically Adjusted PS Ratio or its related term are showing as below:
XTER:HPHA'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.6 Med: 8.66 Max: 20.74
Current: 11.07
During the past years, Heidelberg Pharma AG's highest Cyclically Adjusted PS Ratio was 20.74. The lowest was 1.60. And the median was 8.66.
XTER:HPHA's Cyclically Adjusted PS Ratio is ranked worse than 68.34% of 537
companies
in the Biotechnology industry
Industry Median: 5.5
vs XTER:HPHA: 11.07
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.
Heidelberg Pharma AG's adjusted revenue per share data for the three months ended in May. 2026 was €0.093. 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 €0.23 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Heidelberg Pharma AG (XTER:HPHA) 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.
Heidelberg Pharma AG Cyclically Adjusted PS Ratio Related Terms
Heidelberg Pharma AG Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Heidelberg Pharma AG'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.
Heidelberg Pharma AG Cyclically Adjusted PS Ratio Chart
XTER:HPHA vs VRTX, REGN, RVMD: Cyclically Adjusted PS Ratio Comparison
For the Biotechnology subindustry, Heidelberg Pharma AG'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.
Heidelberg Pharma AG Cyclically Adjusted PS Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Heidelberg Pharma AG's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Heidelberg Pharma AG's Cyclically Adjusted PS Ratio falls into.
Heidelberg Pharma AG 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.
* 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.
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 10.74 mean?
Heidelberg Pharma AG (XTER:HPHA) has a Cyclically Adjusted PS Ratio of 10.74 as of Aug. 07, 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 Heidelberg Pharma AG and its competitors. This is 24% above median its historical median of 8.66. Over the past decade, Heidelberg Pharma AG's Cyclically Adjusted PS Ratio has ranged from 1.60 to 20.74. According to the industry distribution chart, Heidelberg Pharma AG ranks #367 out of 537 companies in the Biotechnology industry, placing it in the top 68.3%.
Is Heidelberg Pharma AG's Cyclically Adjusted PS Ratio too high?
Heidelberg Pharma AG's current Cyclically Adjusted PS Ratio of 10.74 is 24% above median its 10-year median of 8.66. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 20.74. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.50. Heidelberg Pharma AG's value of 10.74 is 95.3% above this industry median. Based on the distribution chart, Heidelberg Pharma AG ranks #367 out of 537 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Heidelberg Pharma AG has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heidelberg Pharma AG's Cyclically Adjusted PS Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Heidelberg Pharma AG ranks #367 out of 537 companies for Cyclically Adjusted PS Ratio. This places Heidelberg Pharma AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.50. Heidelberg Pharma AG's value of 10.74 is 95.3% above this benchmark. Historically, Heidelberg Pharma AG's own Cyclically Adjusted PS Ratio has ranged from 1.60 to 20.74 over the past decade. While the company's 10-year median is 8.66 vs. the industry median of 5.50, Heidelberg Pharma AG 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. Heidelberg Pharma AG's current Cyclically Adjusted PS Ratio of 10.74 is 95.3% 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 Heidelberg Pharma AG 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. Heidelberg Pharma AG's current Cyclically Adjusted PS Ratio is 10.74, which is 24% above median its own 10-year median of 8.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberg Pharma AG stock overvalued right now?
Based on GuruFocus' analysis, Heidelberg Pharma AG (XTER:HPHA) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.94, compared to a current price of €2.47 — trading 16% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.74, which is 24% above median its 10-year median of 8.66 and 95.3% above the Biotechnology industry median of 5.50. Heidelberg Pharma AG's overall GF Score™ is 51/100 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 Heidelberg Pharma AG (XTER:HPHA), the current Cyclically Adjusted PS Ratio is 10.74 as of Aug. 07, 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 Heidelberg Pharma AG (XTER:HPHA) Overvalued in 2026?
Based on GuruFocus' analysis, Heidelberg Pharma AG stock appears to be undervalued.
The current stock price of €2.47 is trading 16% below its estimated GF Value™ of €2.94.
GuruFocus considers Heidelberg Pharma AG to be Modestly Undervalued.
Key valuation signals for XTER:HPHA:
Cyclically Adjusted PS Ratio: 10.74 (24% above median its 10-year median of 8.66)
GF Value™: €2.94 vs. price of €2.47 (16% below fair value)
Industry Position: 95.3% above the Biotechnology median (#367 of 537)
No single metric tells the full story. See the XTER:HPHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heidelberg Pharma AG is a biopharmaceutical company developing oncology treatments through antibody drug conjugates (ADCs), which combine antibody specificity with toxin potency to selectively target and kill cancer cells. The Company researches, develops, and produces these ADCs, and has built an ADC toolbox using various antibodies and payloads to address multiple cancers and overcome tumor resistance. Its activities focus on its proprietary ATAC technology based on Amanitin, the toxin of the death cap mushroom, leveraging its biological mechanism as a novel cancer therapy. The ATAC platform is used to develop proprietary ADC candidates and is also applied in collaborations with third parties.
51GF Score
Get the complete analysis for XTER:HPHA
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XTER:HPHA has been successfully added to your 
