HSIC (Henry Schein) Cyclically Adjusted PB Ratio: 3.16 (As of Jul. 15, 2026) — 11% Below Median

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HSIC Henry Schein Inc HSIC
81 GF Score
Price $86.91
GF Value $83.94
Valuation Fairly Valued
! 9 Warning Signs
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What is Henry Schein Cyclically Adjusted PB Ratio?

Henry Schein HSIC +1.31% 81 Cyclically Adjusted PB Ratio is 3.16 as of Jul. 15, 2026, which is 11% below its 10-year median of 3.54. GuruFocus rates HSIC with a GF Score™ of 81/100 and a GF Value™ of $83.94 (Fairly Valued). The stock has 9 warning signs investors should review. Among 92 Medical Distribution companies, Henry Schein ranks worse than 81.52% on this metric.

As of today (2026-07-15), Henry Schein's current share price is $86.91. Henry Schein's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $27.51. Henry Schein's Cyclically Adjusted PB Ratio for today is 3.16.

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

HSIC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.34   Med: 3.54   Max: 4.97
Current: 3.16

During the past years, Henry Schein's highest Cyclically Adjusted PB Ratio was 4.97. The lowest was 2.34. And the median was 3.54.

HSIC's Cyclically Adjusted PB Ratio is ranked worse than
81.52% of 92 companies
in the Medical Distribution industry
Industry Median: 1.19 vs HSIC: 3.16

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.

Henry Schein's adjusted book value per share data for the three months ended in Mar. 2026 was $28.543. 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 $27.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Henry Schein  (NAS:HSIC) Cyclically Adjusted PB Ratio Explanation

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


Henry Schein Cyclically Adjusted PB Ratio Related Terms


Henry Schein Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Henry Schein's Cyclically Adjusted PB 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.

Henry Schein Cyclically Adjusted PB Ratio Chart

Henry Schein Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.72 3.48 3.09 2.69 2.81

Henry Schein Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB 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 2.61 2.75 2.47 2.81 2.68

HSIC vs AHG, ACH, FOCL: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, Henry Schein'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.


Henry Schein Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Henry Schein's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HSIC
81GF Score
Henry Schein Inc HSIC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Henry Schein Cyclically Adjusted PB Ratio Calculation

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

Henry Schein's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=86.91/27.51
=3.16

* 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.

Henry Schein's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Henry Schein'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)
=28.543/330.2130*330.2130
=28.543

Current CPI (Mar. 2026) = 330.2130.

Henry Schein Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.014 241.018 24.681
201609 17.951 241.428 24.552
201612 17.588 241.432 24.056
201703 17.537 243.801 23.753
201706 18.475 244.955 24.905
201709 19.188 246.819 25.671
201712 18.293 246.524 24.503
201803 18.841 249.554 24.931
201806 19.014 251.989 24.916
201809 19.504 252.439 25.513
201812 19.559 251.233 25.708
201903 18.772 254.202 24.385
201906 19.126 256.143 24.657
201909 19.347 256.759 24.882
201912 20.914 256.974 26.875
202003 20.884 258.115 26.717
202006 20.999 257.797 26.898
202009 22.149 260.280 28.100
202012 23.502 260.474 29.794
202103 23.765 264.877 29.627
202106 24.040 271.696 29.218
202109 24.854 274.310 29.919
202112 24.973 278.802 29.578
202203 26.084 287.504 29.959
202206 26.341 296.311 29.355
202209 26.697 296.808 29.702
202212 26.147 296.797 29.091
202303 26.464 301.836 28.952
202306 27.264 305.109 29.507
202309 28.098 307.789 30.145
202312 28.279 306.746 30.442
202403 28.020 312.332 29.624
202406 27.636 314.175 29.047
202409 27.990 315.301 29.314
202412 27.329 315.605 28.594
202503 27.077 319.799 27.959
202506 28.262 322.561 28.932
202509 28.347 324.800 28.819
202512 28.029 324.054 28.562
202603 28.543 330.213 28.543

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

What does a Cyclically Adjusted PB Ratio of 3.16 mean?
Henry Schein (HSIC) has a Cyclically Adjusted PB Ratio of 3.16 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Henry Schein and its competitors. This is 11% below median its historical median of 3.54. Over the past decade, Henry Schein's Cyclically Adjusted PB Ratio has ranged from 2.34 to 4.97. According to the industry distribution chart, Henry Schein ranks #75 out of 92 companies in the Medical Distribution industry, placing it in the top 81.5%.
Is Henry Schein's Cyclically Adjusted PB Ratio too high?
Henry Schein's current Cyclically Adjusted PB Ratio of 3.16 is 11% below median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 4.97. The Medical Distribution industry median Cyclically Adjusted PB Ratio is 1.19. Henry Schein's value of 3.16 is 165.5% above this industry median. Based on the distribution chart, Henry Schein ranks #75 out of 92 companies in the Medical Distribution industry, which is in the bottom quartile relative to peers. Overall, Henry Schein has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henry Schein's Cyclically Adjusted PB Ratio compare to AHG and ACH?
According to the Medical Distribution industry distribution chart, Henry Schein ranks #75 out of 92 companies for Cyclically Adjusted PB Ratio. This places Henry Schein in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Henry Schein's value of 3.16 is 165.5% above this benchmark. Historically, Henry Schein's own Cyclically Adjusted PB Ratio has ranged from 2.34 to 4.97 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 1.19, Henry Schein 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 PB Ratio for a Medical Distribution company?
The median Cyclically Adjusted PB Ratio among Medical Distribution companies is 1.19, based on 92 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Henry Schein's current Cyclically Adjusted PB Ratio of 3.16 is 165.5% 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 PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Henry Schein and its competitors. For the Medical Distribution industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henry Schein's current Cyclically Adjusted PB Ratio is 3.16, which is 11% below median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henry Schein stock overvalued right now?
Based on GuruFocus' analysis, Henry Schein (HSIC) is currently considered Fairly Valued. The stock's GF Value™ is $83.94, compared to a current price of $86.91 — trading 3.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.16, which is 11% below median its 10-year median of 3.54 and 165.5% above the Medical Distribution industry median of 1.19. Henry Schein's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Henry Schein (HSIC), the current Cyclically Adjusted PB Ratio is 3.16 as of Jul. 15, 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 Henry Schein (HSIC) Overvalued in 2026?

Based on GuruFocus' analysis, Henry Schein stock appears to be overvalued. The current stock price of $86.91 is trading 3.5% above its estimated GF Value™ of $83.94. GuruFocus considers Henry Schein to be Fairly Valued.

Key valuation signals for HSIC:

  • Cyclically Adjusted PB Ratio: 3.16 (11% below median its 10-year median of 3.54)
  • GF Value™: $83.94 vs. price of $86.91 (3.5% above fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 165.5% above the Medical Distribution median (#75 of 92)

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


Henry Schein Business Description

Address 135 Duryea Road, Melville, NY, USA, 11747
Henry Schein Inc is a solutions company for healthcare professionals. It offers healthcare equipment, products, and services to office-based dental and medical practitioners, as well as alternative sites of care. The company's reportable segments are: Global Distribution and Value-Added Services, Global Specialty Products, and Global Technology. It generates maximum revenue from the Global Distribution and Value-Added Services segment, which includes distribution to the dental and medical markets of national brand and corporate brand merchandise, as well as equipment and related technical services. This segment also includes value-added services such as financial services, continuing education services, consulting, and other practice services.
81GF Score

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

$86.91
Price
$83.94
GF Value