Artemis Medicare Services (BOM:542919) Cyclically Adjusted PB Ratio: 10.69 (As of Sep. 16, 2026) — 49% Above Median

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BOM:542919 Artemis Medicare Services Ltd BOM:542919
84 GF Score
Price ₹326.15
GF Value ₹279.91
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Artemis Medicare Services Cyclically Adjusted PB Ratio?

Artemis Medicare Services BOM:542919 -1.06% 84 Cyclically Adjusted PB Ratio is 10.69 as of Sep. 16, 2026, which is 49% above its 10-year median of 7.19. GuruFocus rates BOM:542919 with a GF Score™ of 84/100 and a GF Value™ of ₹279.91 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 332 Healthcare Providers & Services companies, Artemis Medicare Services ranks worse than 94.58% on this metric.

As of today (2026-09-16), Artemis Medicare Services's current share price is ₹326.15. Artemis Medicare Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was ₹30.52. Artemis Medicare Services's Cyclically Adjusted PB Ratio for today is 10.69.

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

BOM:542919' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.11   Med: 7.19   Max: 9.41
Current: 9.41

During the past 12 years, Artemis Medicare Services's highest Cyclically Adjusted PB Ratio was 9.41. The lowest was 6.11. And the median was 7.19.

BOM:542919's Cyclically Adjusted PB Ratio is ranked worse than
94.58% of 332 companies
in the Healthcare Providers & Services industry
Industry Median: 1.79 vs BOM:542919: 9.41

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.

Artemis Medicare Services's adjusted book value per share data of for the fiscal year that ended in Mar26 was ₹59.421. 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 ₹30.52 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artemis Medicare Services  (BOM:542919) 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.


Artemis Medicare Services Cyclically Adjusted PB Ratio Related Terms


Artemis Medicare Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Artemis Medicare Services'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.

Artemis Medicare Services Cyclically Adjusted PB Ratio Chart

Artemis Medicare Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 5.14 9.95 11.64 6.72

Artemis Medicare Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 10.62 9.61 11.07 6.72 8.52

BOM:542919 vs HCA, THC, EHC: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Artemis Medicare Services'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.


Artemis Medicare Services Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Artemis Medicare Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOM:542919
84GF Score
Artemis Medicare Services Ltd BOM:542919
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artemis Medicare Services 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.

Artemis Medicare Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=326.15/30.523
=10.69

* 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.

Artemis Medicare Services's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Artemis Medicare Services's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=59.421/164.2724*164.2724
=59.421

Current CPI (Mar26) = 164.2724.

Artemis Medicare Services Annual Data

Book Value per Share CPI Adj_Book
201703 3.728 105.196 5.822
201803 4.126 109.786 6.174
201903 4.433 118.202 6.161
202003 23.699 124.705 31.218
202103 24.305 131.771 30.300
202203 27.290 138.822 32.293
202303 30.398 146.865 34.001
202403 33.467 153.035 35.925
202503 61.304 157.552 63.919
202603 59.421 164.272 59.421

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 10.69 mean?
Artemis Medicare Services (BOM:542919) has a Cyclically Adjusted PB Ratio of 10.69 as of Sep. 16, 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 Artemis Medicare Services and its competitors. This is 49% above median its historical median of 7.19. Over the past decade, Artemis Medicare Services' Cyclically Adjusted PB Ratio has ranged from 6.11 to 9.41. According to the industry distribution chart, Artemis Medicare Services ranks #314 out of 332 companies in the Healthcare Providers & Services industry, placing it in the top 94.6%.
Is Artemis Medicare Services' Cyclically Adjusted PB Ratio too high?
Artemis Medicare Services' current Cyclically Adjusted PB Ratio of 10.69 is 49% above median its 10-year median of 7.19. Over the past 10 years, this metric has ranged from a low of 6.11 to a high of 9.41. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.79. Artemis Medicare Services' value of 10.69 is 497.2% above this industry median. Based on the distribution chart, Artemis Medicare Services ranks #314 out of 332 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Artemis Medicare Services has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Artemis Medicare Services' Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Artemis Medicare Services ranks #314 out of 332 companies for Cyclically Adjusted PB Ratio. This places Artemis Medicare Services in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Artemis Medicare Services' value of 10.69 is 497.2% above this benchmark. Historically, Artemis Medicare Services' own Cyclically Adjusted PB Ratio has ranged from 6.11 to 9.41 over the past decade. While the company's 10-year median is 7.19 vs. the industry median of 1.79, Artemis Medicare Services 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.79, based on 332 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. Artemis Medicare Services's current Cyclically Adjusted PB Ratio of 10.69 is 497.2% 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 Artemis Medicare Services and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artemis Medicare Services's current Cyclically Adjusted PB Ratio is 10.69, which is 49% above median its own 10-year median of 7.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artemis Medicare Services stock overvalued right now?
Based on GuruFocus' analysis, Artemis Medicare Services (BOM:542919) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹279.91, compared to a current price of ₹326.15 — trading 16.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.69, which is 49% above median its 10-year median of 7.19 and 497.2% above the Healthcare Providers & Services industry median of 1.79. Artemis Medicare Services' overall GF Score™ is 84/100 with 8 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 Artemis Medicare Services (BOM:542919), the current Cyclically Adjusted PB Ratio is 10.69 as of Sep. 16, 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 Artemis Medicare Services (BOM:542919) Overvalued in 2026?

Based on GuruFocus' analysis, Artemis Medicare Services stock appears to be overvalued. The current stock price of ₹326.15 is trading 16.5% above its estimated GF Value™ of ₹279.91. GuruFocus considers Artemis Medicare Services to be Modestly Overvalued.

Key valuation signals for BOM:542919:

  • Cyclically Adjusted PB Ratio: 10.69 (49% above median its 10-year median of 7.19)
  • GF Value™: ₹279.91 vs. price of ₹326.15 (16.5% above fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 497.2% above the Healthcare Providers & Services median (#314 of 332)

No single metric tells the full story. See the BOM:542919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artemis Medicare Services Business Description

Address Artemis Hospital, Sector 51, Gurugram, HR, IND, 122001
Artemis Medicare Services Ltd is engaged in managing and operating multi-specialty hospitals. The hospital provides treatments for Allergy and Immunology, Blood (Haematology), Bones, Muscles and Joints (Orthopaedics), Brain, Spine and Nervous System, Cancer (Oncology), Circulatory (Vascular), Digestive (Gastroenterology), Endocrine, Diabetes And Metabolism, Dermatology, Heart (Cardiology), Infectious Diseases, Kidneys (Renal), Lung (Pulmonary), Mouth, Teeth And Face (Oral And Maxillofacial), Obstetrics And Gynecology, Psychiatry, Rheumatology (Arthritis And Joint Disease), Surgery, and Urology. The company derives revenue mainly from Healthcare Services through the operation of multi-specialty Hospitals.
84GF Score

Get the complete analysis for BOM:542919

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

₹326.15
Price
₹279.91
GF Value