ESMC (Escalon Medical) Cyclically Adjusted PB Ratio: 0.95 (As of Jul. 23, 2026) — 188% Above Median

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ESMC Escalon Medical Corp ESMC
34 GF Score
Price $0.20
GF Value $0.15
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Escalon Medical Cyclically Adjusted PB Ratio?

Escalon Medical ESMC 34 Cyclically Adjusted PB Ratio is 0.95 as of Jul. 23, 2026, which is 188% above its 10-year median of 0.33. GuruFocus rates ESMC with a GF Score™ of 34/100 and a GF Value™ of $0.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 522 Medical Devices & Instruments companies, Escalon Medical ranks better than 70.5% on this metric.

As of today (2026-07-23), Escalon Medical's current share price is $0.20. Escalon Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.21. Escalon Medical's Cyclically Adjusted PB Ratio for today is 0.95.

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

ESMC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.33   Max: 1.99
Current: 0.96

During the past years, Escalon Medical's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.04. And the median was 0.33.

ESMC's Cyclically Adjusted PB Ratio is ranked better than
70.5% of 522 companies
in the Medical Devices & Instruments industry
Industry Median: 1.745 vs ESMC: 0.96

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.

Escalon Medical's adjusted book value per share data for the three months ended in Mar. 2026 was $0.472. 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 $0.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Escalon Medical  (OTCPK:ESMC) 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.


Escalon Medical Cyclically Adjusted PB Ratio Related Terms


Escalon Medical Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Escalon Medical'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.

Escalon Medical Cyclically Adjusted PB Ratio Chart

Escalon Medical Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.39 0.86 0.56 1.47

Escalon Medical 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 0.68 1.47 0.78 0.82 0.86

ESMC vs RBOT, NUWE, NUMD: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Escalon Medical'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.


Escalon Medical Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


ESMC
34GF Score
Escalon Medical Corp ESMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Escalon Medical 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.

Escalon Medical's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.20/0.21
=0.95

* 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.

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

For example, Escalon Medical'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)
=0.472/330.2130*330.2130
=0.472

Current CPI (Mar. 2026) = 330.2130.

Escalon Medical Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.253 241.018 0.347
201609 0.201 241.428 0.275
201612 0.192 241.432 0.263
201703 0.178 243.801 0.241
201706 0.157 244.955 0.212
201709 0.149 246.819 0.199
201712 0.243 246.524 0.325
201803 0.227 249.554 0.300
201806 0.238 251.989 0.312
201809 0.232 252.439 0.303
201812 0.203 251.233 0.267
201903 0.206 254.202 0.268
201906 0.205 256.143 0.264
201909 0.288 256.759 0.370
201912 0.197 256.974 0.253
202003 0.180 258.115 0.230
202006 0.117 257.797 0.150
202009 0.090 260.280 0.114
202012 0.104 260.474 0.132
202103 0.085 264.877 0.106
202106 0.110 271.696 0.134
202109 0.153 274.310 0.184
202112 0.146 278.802 0.173
202203 0.106 287.504 0.122
202206 0.112 296.311 0.125
202209 0.069 296.808 0.077
202212 0.068 296.797 0.076
202303 0.147 301.836 0.161
202306 0.174 305.109 0.188
202309 0.171 307.789 0.183
202312 0.161 306.746 0.173
202403 0.139 312.332 0.147
202406 0.157 314.175 0.165
202409 0.153 315.301 0.160
202412 0.186 315.605 0.195
202503 0.223 319.799 0.230
202506 0.171 322.561 0.175
202509 0.139 324.800 0.141
202512 0.152 324.054 0.155
202603 0.472 330.213 0.472

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 0.95 mean?
Escalon Medical (ESMC) has a Cyclically Adjusted PB Ratio of 0.95 as of Jul. 23, 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 Escalon Medical and its competitors. This is 188% above median its historical median of 0.33. Over the past decade, Escalon Medical's Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.99. According to the industry distribution chart, Escalon Medical ranks #154 out of 522 companies in the Medical Devices & Instruments industry, placing it in the top 29.5%.
Is Escalon Medical's Cyclically Adjusted PB Ratio too high?
Escalon Medical's current Cyclically Adjusted PB Ratio of 0.95 is 188% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.99. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.75. Escalon Medical's value of 0.95 is 45.6% below this industry median. Based on the distribution chart, Escalon Medical ranks #154 out of 522 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Escalon Medical has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Escalon Medical's Cyclically Adjusted PB Ratio compare to RBOT and NUWE?
According to the Medical Devices & Instruments industry distribution chart, Escalon Medical ranks #154 out of 522 companies for Cyclically Adjusted PB Ratio. This puts Escalon Medical in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.75. Escalon Medical's value of 0.95 is 45.6% below this benchmark. Historically, Escalon Medical's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.99 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 1.75, Escalon Medical has consistently been below 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 Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.75, based on 522 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. Escalon Medical's current Cyclically Adjusted PB Ratio of 0.95 is 45.6% below 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 Escalon Medical and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Escalon Medical's current Cyclically Adjusted PB Ratio is 0.95, which is 188% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Escalon Medical stock overvalued right now?
Based on GuruFocus' analysis, Escalon Medical (ESMC) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.20 — trading 33.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is 188% above median its 10-year median of 0.33 and 45.6% below the Medical Devices & Instruments industry median of 1.75. Escalon Medical's overall GF Score™ is 34/100 with 3 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 Escalon Medical (ESMC), the current Cyclically Adjusted PB Ratio is 0.95 as of Jul. 23, 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 Escalon Medical (ESMC) Overvalued in 2026?

Based on GuruFocus' analysis, Escalon Medical stock appears to be overvalued. The current stock price of $0.20 is trading 33.3% above its estimated GF Value™ of $0.15. GuruFocus considers Escalon Medical to be Significantly Overvalued.

Key valuation signals for ESMC:

  • Cyclically Adjusted PB Ratio: 0.95 (188% above median its 10-year median of 0.33)
  • GF Value™: $0.15 vs. price of $0.20 (33.3% above fair value)
  • GF Score™: 34/100 with 3 warning signs
  • Industry Position: 45.6% below the Medical Devices & Instruments median (#154 of 522)

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


Escalon Medical Business Description

Address 435 Devon Park Drive, Suite 824, Wayne, PA, USA, 19087
Escalon Medical Corp operates in the healthcare market, specializing in the development, manufacture, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology. Its products are A-Scans, B-Scans, UBM, Pachymeters, Ispan Intraocular Gases, Surgical Packs, Viscous Fluid Transfer Systems, and AXIS Image Management. Substantial revenue is generated from the domestic sales of products.
34GF Score

Get the complete analysis for ESMC

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

$0.20
Price
$0.15
GF Value