Cegedim (HAM:C7E) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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HAM:C7E Cegedim SA HAM:C7E
75 GF Score
Price €10.24
GF Value €12.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Cegedim Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cegedim  (HAM:C7E) 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.


Cegedim Cyclically Adjusted PB Ratio Related Terms


Cegedim Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cegedim'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.

Cegedim Cyclically Adjusted PB Ratio Chart

Cegedim 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 1.29 0.80 0.99 0.70 0.73

Cegedim Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.99 0.00 0.70 0.00 0.73

HAM:C7E vs VEEV, BTSG, HQY: Cyclically Adjusted PB Ratio Comparison

For the Health Information Services subindustry, Cegedim'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.


Cegedim Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


HAM:C7E
75GF Score
Cegedim SA HAM:C7E
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cegedim 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.

Cegedim's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Cegedim's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=20.008/324.0540*324.0540
=20.008

Current CPI (Dec25) = 324.0540.

Cegedim Annual Data

Book Value per Share CPI Adj_Book
201612 13.519 241.432 18.145
201712 14.112 246.524 18.550
201812 14.202 251.233 18.319
201912 14.501 256.974 18.286
202012 15.022 260.474 18.689
202112 16.927 278.802 19.674
202212 20.956 296.797 22.881
202312 20.340 306.746 21.488
202412 19.276 315.605 19.792
202512 20.008 324.054 20.008

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.

Is Cegedim (HAM:C7E) Overvalued in 2026?

Based on GuruFocus' analysis, Cegedim stock appears to be undervalued. The current stock price of €10.24 is trading 16.6% below its estimated GF Value™ of €12.28. GuruFocus considers Cegedim to be Modestly Undervalued.

Key valuation signals for HAM:C7E:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €12.28 vs. price of €10.24 (16.6% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the HAM:C7E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cegedim Business Description

Address 129-137, Rue d’Aguesseau, Boulogne-Billancourt, FRA, 92100
Cegedim SA is a technology and services company offering digital flows of the healthcare ecosystem and B2B marketing, design of enterprise software for healthcare and insurance professionals. It is also engaged in human resources management and digitization. The company has two operating segments namely, Health insurance, HR and e-services; and Healthcare Professionals. Cegedim generates most of its revenue from France. The company's services include insurers solutions, promotional information, sales statistics of pharmaceutical products and digital promotion for healthcare companies.
75GF Score

Get the complete analysis for HAM:C7E

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

€10.24
Price
€12.28
GF Value