Japan Medical Dynamic Marketing (FRA:JMD) Cyclically Adjusted PB Ratio: 1.14 (As of Jul. 30, 2026) — 50% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:JMD Japan Medical Dynamic Marketing Inc FRA:JMD
77 GF Score
Price €4.70
GF Value €3.38
! 12 Warning Signs
View Full Analysis

What is Japan Medical Dynamic Marketing Cyclically Adjusted PB Ratio?

Japan Medical Dynamic Marketing FRA:JMD -1.26% 77 Cyclically Adjusted PB Ratio is 1.14 as of Jul. 30, 2026, which is 50% below its 10-year median of 2.29. GuruFocus rates FRA:JMD with a GF Score™ of 77/100 and a GF Value™ of €3.38. The stock has 12 warning signs investors should review. Among 520 Medical Devices & Instruments companies, Japan Medical Dynamic Marketing ranks better than 64.42% on this metric.

As of today (2026-07-30), Japan Medical Dynamic Marketing's current share price is €4.70. Japan Medical Dynamic Marketing's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.14. Japan Medical Dynamic Marketing's Cyclically Adjusted PB Ratio for today is 1.14.

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

FRA:JMD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 2.29   Max: 5.48
Current: 1.15

During the past years, Japan Medical Dynamic Marketing's highest Cyclically Adjusted PB Ratio was 5.48. The lowest was 0.62. And the median was 2.29.

FRA:JMD's Cyclically Adjusted PB Ratio is ranked better than
64.42% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.8 vs FRA:JMD: 1.15

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.

Japan Medical Dynamic Marketing's adjusted book value per share data for the three months ended in Mar. 2026 was €5.254. 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 €4.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Medical Dynamic Marketing  (FRA:JMD) 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.


Japan Medical Dynamic Marketing Cyclically Adjusted PB Ratio Related Terms


Japan Medical Dynamic Marketing Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Japan Medical Dynamic Marketing'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.

Japan Medical Dynamic Marketing Cyclically Adjusted PB Ratio Chart

Japan Medical Dynamic Marketing 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 3.10 1.77 1.13 0.78 0.69

Japan Medical Dynamic Marketing 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 0.78 0.77 0.67 0.63 0.69

FRA:JMD vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Japan Medical Dynamic Marketing'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.


Japan Medical Dynamic Marketing Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


FRA:JMD
77GF Score
Japan Medical Dynamic Marketing Inc FRA:JMD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Medical Dynamic Marketing 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.

Japan Medical Dynamic Marketing's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.70/4.14
=1.14

* 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.

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

For example, Japan Medical Dynamic Marketing'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)
=5.254/112.7000*112.7000
=5.254

Current CPI (Mar. 2026) = 112.7000.

Japan Medical Dynamic Marketing Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.541 98.100 4.068
201609 3.731 98.000 4.291
201612 3.742 98.400 4.286
201703 3.848 98.100 4.421
201706 3.757 98.500 4.299
201709 3.611 98.800 4.119
201712 3.706 99.400 4.202
201803 3.833 99.200 4.355
201806 3.978 99.200 4.519
201809 4.036 99.900 4.553
201812 4.247 99.700 4.801
201903 4.581 99.700 5.178
201906 4.716 99.800 5.326
201909 5.021 100.100 5.653
201912 5.092 100.500 5.710
202003 5.393 100.300 6.060
202006 5.235 99.900 5.906
202009 5.181 99.900 5.845
202012 5.208 99.300 5.911
202103 5.456 99.900 6.155
202106 5.342 99.500 6.051
202109 5.685 100.100 6.401
202112 5.981 100.100 6.734
202203 6.207 101.100 6.919
202206 6.041 101.800 6.688
202209 6.303 103.100 6.890
202212 6.080 104.100 6.582
202303 6.154 104.400 6.643
202306 5.961 105.200 6.386
202309 5.922 106.200 6.284
202312 5.872 106.800 6.196
202403 5.949 107.200 6.254
202406 5.882 108.200 6.127
202409 5.940 108.900 6.147
202412 6.295 110.700 6.409
202503 5.816 111.100 5.900
202506 5.459 111.700 5.508
202509 5.317 112.000 5.350
202512 5.222 113.000 5.208
202603 5.254 112.700 5.254

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 1.14 mean?
Japan Medical Dynamic Marketing (FRA:JMD) has a Cyclically Adjusted PB Ratio of 1.14 as of Jul. 30, 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 Japan Medical Dynamic Marketing and its competitors. This is 50% below median its historical median of 2.29. Over the past decade, Japan Medical Dynamic Marketing's Cyclically Adjusted PB Ratio has ranged from 0.62 to 5.48. According to the industry distribution chart, Japan Medical Dynamic Marketing ranks #185 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 35.6%.
Is Japan Medical Dynamic Marketing's Cyclically Adjusted PB Ratio too high?
Japan Medical Dynamic Marketing's current Cyclically Adjusted PB Ratio of 1.14 is 50% below median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 5.48. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.80. Japan Medical Dynamic Marketing's value of 1.14 is 36.7% below this industry median. Based on the distribution chart, Japan Medical Dynamic Marketing ranks #185 out of 520 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Japan Medical Dynamic Marketing has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Japan Medical Dynamic Marketing's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Japan Medical Dynamic Marketing ranks #185 out of 520 companies for Cyclically Adjusted PB Ratio. This puts Japan Medical Dynamic Marketing in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.80. Japan Medical Dynamic Marketing's value of 1.14 is 36.7% below this benchmark. Historically, Japan Medical Dynamic Marketing's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 5.48 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 1.80, Japan Medical Dynamic Marketing 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 1.80, based on 520 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. Japan Medical Dynamic Marketing's current Cyclically Adjusted PB Ratio of 1.14 is 36.7% 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 Japan Medical Dynamic Marketing and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Medical Dynamic Marketing's current Cyclically Adjusted PB Ratio is 1.14, which is 50% below median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Medical Dynamic Marketing stock overvalued right now?
Japan Medical Dynamic Marketing (FRA:JMD) has a current Cyclically Adjusted PB Ratio of 1.14. The stock's GF Value™ is €3.38, compared to a current price of €4.70 — trading 39.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.14, which is 50% below median its 10-year median of 2.29 and 36.7% below the Medical Devices & Instruments industry median of 1.80. Japan Medical Dynamic Marketing's overall GF Score™ is 77/100 with 12 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 Japan Medical Dynamic Marketing (FRA:JMD), the current Cyclically Adjusted PB Ratio is 1.14 as of Jul. 30, 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 Japan Medical Dynamic Marketing (FRA:JMD) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Medical Dynamic Marketing stock appears to be overvalued. The current stock price of €4.70 is trading 39.1% above its estimated GF Value™ of €3.38.

Key valuation signals for FRA:JMD:

  • Cyclically Adjusted PB Ratio: 1.14 (50% below median its 10-year median of 2.29)
  • GF Value™: €3.38 vs. price of €4.70 (39.1% above fair value)
  • GF Score™: 77/100 with 12 warning signs
  • Industry Position: 36.7% below the Medical Devices & Instruments median (#185 of 520)

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


Japan Medical Dynamic Marketing Business Description

Other Exchanges JMDMF:USA7600:Japan
Address 12-2, Ichigayadaimachi, Shinjuku-ku, Tokyo, JPN, 162-0066
Japan Medical Dynamic Marketing Inc is a Japan-based medical equipment manufacturer. The company is engaged in the development and sale of advanced medical devices. Products offered by the company include trauma devices, joint prostheses, spinal fixation devices, and artificial bone fillers. It caters its products to medical professionals and major hospitals throughout Japan. The company is also engaged in the import and sale of medical devices.
77GF Score

Get the complete analysis for FRA:JMD

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

€4.70
Price
€3.38
GF Value