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FMCQF (Fresenius Medical Care AG) Cyclically Adjusted PB Ratio : 1.17 (As of Jun. 02, 2025)


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What is Fresenius Medical Care AG Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Fresenius Medical Care AG's current share price is $57.24. Fresenius Medical Care AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $49.11. Fresenius Medical Care AG's Cyclically Adjusted PB Ratio for today is 1.17.

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

FMCQF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 2.32   Max: 4.26
Current: 1.1

During the past years, Fresenius Medical Care AG's highest Cyclically Adjusted PB Ratio was 4.26. The lowest was 0.69. And the median was 2.32.

FMCQF's Cyclically Adjusted PB Ratio is ranked better than
68.88% of 347 companies
in the Healthcare Providers & Services industry
Industry Median: 1.94 vs FMCQF: 1.10

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 adjusted book value per share data for the three months ended in Mar. 2025 was $52.955. 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 $49.11 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius Medical Care AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fresenius Medical Care AG'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.

* Premium members only.

Fresenius Medical Care AG Cyclically Adjusted PB Ratio Chart

Fresenius Medical Care AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.24 1.69 0.79 0.90 0.98

Fresenius Medical Care AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.83 0.81 0.86 0.98 1.00

Competitive Comparison of Fresenius Medical Care AG's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.


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Fresenius Medical Care AG 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.24/49.11
=1.17

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Fresenius Medical Care AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=52.955/127.7792*127.7792
=52.955

Current CPI (Mar. 2025) = 127.7792.

Fresenius Medical Care AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 31.446 100.417 40.015
201509 31.507 100.417 40.092
201512 32.266 99.717 41.346
201603 32.788 100.017 41.889
201606 33.632 100.717 42.669
201609 34.611 101.017 43.780
201612 34.370 101.217 43.390
201703 35.624 101.417 44.884
201706 35.365 102.117 44.252
201709 37.546 102.717 46.707
201712 37.923 102.617 47.222
201803 39.844 102.917 49.469
201806 41.579 104.017 51.077
201809 42.654 104.718 52.048
201812 43.591 104.217 53.446
201903 44.604 104.217 54.688
201906 43.313 105.718 52.352
201909 45.015 106.018 54.255
201912 44.537 105.818 53.780
202003 45.188 105.718 54.618
202006 46.634 106.618 55.890
202009 46.228 105.818 55.822
202012 46.585 105.518 56.413
202103 48.768 107.518 57.958
202106 47.834 108.486 56.341
202109 49.106 109.435 57.338
202112 48.972 110.384 56.690
202203 49.741 113.968 55.769
202206 50.615 115.760 55.870
202209 50.790 118.818 54.621
202212 50.507 119.345 54.076
202303 50.458 122.402 52.674
202306 49.953 123.140 51.835
202309 50.946 124.195 52.416
202312 50.622 123.773 52.261
202403 51.520 125.038 52.649
202406 51.222 125.882 51.994
202409 51.316 126.198 51.959
202412 52.020 127.041 52.322
202503 52.955 127.779 52.955

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.


Fresenius Medical Care AG  (OTCPK:FMCQF) 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.


Fresenius Medical Care AG Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Fresenius Medical Care AG's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


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 about 300,000 patients from nearly 3,700 clinics worldwide as of December 2024. 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 quarters of sales while the balance is generated from medical technology products that enable dialysis treatments.