Medicalgorithmics (WAR:MDG) Cyclically Adjusted Book per Share: zł44.96 (As of Mar. 2026)


WAR:MDG Medicalgorithmics SA WAR:MDG
70 GF Score
Price zł27.70
GF Value zł27.01
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Medicalgorithmics Cyclically Adjusted Book per Share?

Medicalgorithmics WAR:MDG +2.59% 70 Cyclically Adjusted Book per Share is zł44.96 as of Mar. 2026. GuruFocus rates WAR:MDG with a GF Score™ of 70/100 and a GF Value™ of zł27.01 (Fairly Valued). 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.

Medicalgorithmics's adjusted book value per share for the three months ended in Mar. 2026 was zł6.321. 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 zł44.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Medicalgorithmics's average Cyclically Adjusted Book Growth Rate was -5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.00% 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 Medicalgorithmics was 2.10% per year. The lowest was -2.00% per year. And the median was 0.05% per year.

As of today (2026-07-12), Medicalgorithmics's current stock price is zł27.70. Medicalgorithmics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł44.96. Medicalgorithmics's Cyclically Adjusted PB Ratio of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Medicalgorithmics was 0.91. The lowest was 0.13. And the median was 0.54.


Medicalgorithmics  (WAR:MDG) 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.

Medicalgorithmics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.70/44.96
=0.62

* 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 Medicalgorithmics was 0.91. The lowest was 0.13. And the median was 0.54.


Be Aware

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


Medicalgorithmics Cyclically Adjusted Book per Share Related Terms


Medicalgorithmics Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Medicalgorithmics'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.

Medicalgorithmics Cyclically Adjusted Book per Share Chart

Medicalgorithmics 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 44.69 47.73 48.29 47.53 44.89

Medicalgorithmics 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 47.35 46.59 45.77 44.89 44.96

WAR:MDG vs ABT, SYK, MDT: Cyclically Adjusted Book per Share Comparison

For the Medical Devices subindustry, Medicalgorithmics'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.


Medicalgorithmics Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medicalgorithmics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:MDG
70GF Score
Medicalgorithmics SA WAR:MDG
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medicalgorithmics 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, Medicalgorithmics'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)
=6.321/163.0700*163.0700
=6.321

Current CPI (Mar. 2026) = 163.0700.

Medicalgorithmics Quarterly Data

Book Value per Share CPI Adj_Book
201606 35.286 99.552 57.800
201609 37.235 99.064 61.293
201612 49.063 100.366 79.715
201703 47.626 101.018 76.881
201706 45.245 101.180 72.920
201709 46.921 101.343 75.500
201712 46.829 102.564 74.455
201803 47.350 102.564 75.283
201806 50.937 103.378 80.349
201809 50.778 103.378 80.098
201812 52.638 103.785 82.706
201903 54.879 104.274 85.824
201906 53.919 105.983 82.962
201909 57.164 105.983 87.955
201912 54.294 107.123 82.650
202003 57.316 109.076 85.688
202006 48.920 109.402 72.918
202009 47.039 109.320 70.167
202012 47.910 109.565 71.307
202103 49.405 112.658 71.513
202106 47.631 113.960 68.157
202109 48.841 115.588 68.904
202112 9.523 119.088 13.040
202203 -1.688 125.031 -2.202
202206 -1.431 131.705 -1.772
202209 1.523 135.531 1.832
202212 9.512 139.113 11.150
202303 8.563 145.950 9.567
202306 9.432 147.009 10.462
202309 9.437 146.113 10.532
202312 9.299 147.741 10.264
202403 8.905 149.044 9.743
202406 8.387 150.997 9.058
202409 8.149 153.439 8.660
202412 7.754 154.660 8.176
202503 7.298 157.021 7.579
202506 7.003 157.509 7.250
202509 6.619 158.000 6.831
202512 6.493 158.320 6.688
202603 6.321 163.070 6.321

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 zł44.96 mean?
Medicalgorithmics (WAR:MDG) has a Cyclically Adjusted Book per Share of zł44.96 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 Medicalgorithmics and its competitors.
Is Medicalgorithmics' Cyclically Adjusted Book per Share too high?
Medicalgorithmics' current Cyclically Adjusted Book per Share is zł44.96. Overall, Medicalgorithmics has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Medicalgorithmics' Cyclically Adjusted Book per Share compare to ABT and SYK?
Medicalgorithmics' Cyclically Adjusted Book per Share of zł44.96 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Cyclically Adjusted Book per Share depends on the Medical Devices & Instruments 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 Medicalgorithmics and its competitors. Medicalgorithmics's current Cyclically Adjusted Book per Share is zł44.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medicalgorithmics stock overvalued right now?
Based on GuruFocus' analysis, Medicalgorithmics (WAR:MDG) is currently considered Fairly Valued. The stock's GF Value™ is zł27.01, compared to a current price of zł27.70 — trading 2.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł44.96. Medicalgorithmics' overall GF Score™ is 70/100 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 Medicalgorithmics (WAR:MDG), the current Cyclically Adjusted Book per Share is zł44.96 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 Medicalgorithmics (WAR:MDG) Overvalued in 2026?

Based on GuruFocus' analysis, Medicalgorithmics stock appears to be overvalued. The current stock price of zł27.70 is trading 2.6% above its estimated GF Value™ of zł27.01. GuruFocus considers Medicalgorithmics to be Fairly Valued.

Key valuation signals for WAR:MDG:

  • Cyclically Adjusted Book per Share: zł44.96
  • GF Value™: zł27.01 vs. price of zł27.70 (2.6% above fair value)
  • GF Score™: 70/100 with 4 warning signs

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


Medicalgorithmics Business Description

Address Al Jerozolimskie 81, 19 Floor, Central Tower Building, Warsaw, POL, 02-001
Medicalgorithmics SA is a medical technology company. It is engaged in the development of Digital Signal Processing (DSP) algorithms development and software and hardware electronics design for medical applications. The company specializes in providing advance technological solutions in the field of cardiac diagnostics, with a particular focus on ECG signal analysis. The group concentrates on the production and development of its flagship product Pocket ECG - a system for remote monitoring of cardiac arrhythmias. The offered solutions include algorithms and diagnostic systems used in remote heart monitoring. The company operates in Poland, the USA, and other, with majority of revenue from the USA.
70GF Score

Get the complete analysis for WAR:MDG

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

zł27.70
Price
zł27.01
GF Value