Fresenius Medical Care AG (MEX:FME N) Cyclically Adjusted Book per Share: MXN1,974.65 (As of Mar. 2026)


MEX:FME N Fresenius Medical Care AG MEX:FME N
50 GF Score
Price MXN778.14
GF Value MXN1,668.99
Valuation Possible Value Trap
! 4 Warning Signs
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What is Fresenius Medical Care AG Cyclically Adjusted Book per Share?

Fresenius Medical Care AG MEX:FME N 50 Cyclically Adjusted Book per Share is MXN1,974.65 as of Mar. 2026. GuruFocus rates MEX:FME N with a GF Score™ of 50/100 and a GF Value™ of MXN1,668.99 (Possible Value Trap). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Fresenius Medical Care AG's adjusted book value per share for the three months ended in Mar. 2026 was MXN1,022.085. 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 MXN1,974.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fresenius Medical Care AG's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Fresenius Medical Care AG was 11.60% per year. The lowest was 2.30% per year. And the median was 8.00% per year.

As of today (2026-07-03), Fresenius Medical Care AG's current stock price is MXN778.14. Fresenius Medical Care AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN1,974.65. Fresenius Medical Care AG's Cyclically Adjusted PB Ratio of today is 0.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fresenius Medical Care AG was 4.11. The lowest was 0.69. And the median was 2.02.


Fresenius Medical Care AG  (MEX:FME N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Fresenius Medical Care AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=778.14/1974.65
=0.39

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fresenius Medical Care AG was 4.11. The lowest was 0.69. And the median was 2.02.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Fresenius Medical Care AG Cyclically Adjusted Book per Share Related Terms


Fresenius Medical Care AG Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fresenius Medical Care AG's Cyclically Adjusted Book per Share 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.

Fresenius Medical Care AG Cyclically Adjusted Book per Share Chart

Fresenius Medical Care AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 943.08 2,023.52 1,770.41 1,625.61 1,831.47

Fresenius Medical Care AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 1,592.07 1,508.93 1,661.91 1,831.47 1,974.65

MEX:FME N vs HCA, THC, DVA: Cyclically Adjusted Book per Share Comparison

For the Medical Care Facilities subindustry, Fresenius Medical Care AG'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.


Fresenius Medical Care AG Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG's Cyclically Adjusted PB Ratio falls into.


MEX:FME N
50GF Score
Fresenius Medical Care AG MEX:FME N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Fresenius Medical Care AG Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Fresenius Medical Care AG's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1022.085/131.2583*131.2583
=1,022.085

Current CPI (Mar. 2026) = 131.2583.

Fresenius Medical Care AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 621.977 100.717 810.586
201609 669.222 101.017 869.568
201612 708.613 101.217 918.931
201703 670.765 101.417 868.134
201706 639.258 102.117 821.684
201709 681.390 102.717 870.723
201712 744.781 102.617 952.655
201803 723.877 102.917 923.217
201806 817.010 104.017 1,030.976
201809 797.838 104.718 1,000.051
201812 855.901 104.217 1,077.978
201903 865.220 104.217 1,089.715
201906 831.988 105.718 1,032.991
201909 888.694 106.018 1,100.273
201912 839.961 105.818 1,041.905
202003 1,059.576 105.718 1,315.563
202006 1,076.404 106.618 1,325.172
202009 1,021.231 105.818 1,266.756
202012 926.667 105.518 1,152.725
202103 996.857 107.518 1,216.967
202106 952.186 108.486 1,152.062
202109 1,009.724 109.435 1,211.084
202112 1,004.606 110.384 1,194.589
202203 990.392 113.968 1,140.645
202206 1,018.278 115.760 1,154.604
202209 1,021.637 118.818 1,128.605
202212 984.680 119.345 1,082.974
202303 909.506 122.402 975.309
202306 856.385 123.140 912.841
202309 887.428 124.195 937.901
202312 859.265 123.773 911.231
202403 855.042 125.038 897.577
202406 938.386 125.882 978.467
202409 1,014.622 126.198 1,055.308
202412 1,084.919 127.041 1,120.933
202503 1,083.357 127.779 1,112.854
202506 982.277 128.412 1,004.051
202509 961.871 129.255 976.777
202512 1,004.780 129.361 1,019.520
202603 1,022.085 131.258 1,022.085

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN1,974.65 mean?
Fresenius Medical Care AG (MEX:FME N) has a Cyclically Adjusted Book per Share of MXN1,974.65 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Fresenius Medical Care AG and its competitors.
Is Fresenius Medical Care AG's Cyclically Adjusted Book per Share too high?
Fresenius Medical Care AG's current Cyclically Adjusted Book per Share is MXN1,974.65. Overall, Fresenius Medical Care AG has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fresenius Medical Care AG's Cyclically Adjusted Book per Share compare to HCA and THC?
Fresenius Medical Care AG's Cyclically Adjusted Book per Share of MXN1,974.65 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Healthcare Providers & Services company?
A good Cyclically Adjusted Book per Share depends on the Healthcare Providers & Services industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Fresenius Medical Care AG and its competitors. Fresenius Medical Care AG's current Cyclically Adjusted Book per Share is MXN1,974.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresenius Medical Care AG stock overvalued right now?
Based on GuruFocus' analysis, Fresenius Medical Care AG (MEX:FME N) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,668.99, compared to a current price of MXN778.14 — trading 53.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN1,974.65. Fresenius Medical Care AG's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Fresenius Medical Care AG (MEX:FME N), the current Cyclically Adjusted Book per Share is MXN1,974.65 as of Mar. 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 Fresenius Medical Care AG (MEX:FME N) Overvalued in 2026?

Based on GuruFocus' analysis, Fresenius Medical Care AG stock appears to be undervalued. The current stock price of MXN778.14 is trading 53.4% below its estimated GF Value™ of MXN1,668.99. GuruFocus considers Fresenius Medical Care AG to be Possible Value Trap.

Key valuation signals for MEX:FME N:

  • Cyclically Adjusted Book per Share: MXN1,974.65
  • GF Value™: MXN1,668.99 vs. price of MXN778.14 (53.4% below fair value)
  • GF Score™: 50/100 with 4 warning signs

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


Fresenius Medical Care AG Business Description

Address Else-Kroner-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care is the largest dialysis company in the world, treating nearly 300,000 patients from about 3,600 clinics worldwide as of December 2025. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market, creating the world's only fully integrated dialysis business. Services account for about three-fourths of sales, while the balance is generated from medical technology products that enable dialysis treatments.
50GF Score

Get the complete analysis for MEX:FME N

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

MXN778.14
Price
MXN1,668.99
GF Value