MDXH (MDxHealth) Cyclically Adjusted PB Ratio: 0.07 (As of Jul. 26, 2026) — 70% Below Median

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MDXH MDxHealth SA MDXH
48 GF Score
Price $0.41
GF Value $2.20
Valuation Possible Value Trap
! 5 Warning Signs
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What is MDxHealth Cyclically Adjusted PB Ratio?

MDxHealth MDXH -2.89% 48 Cyclically Adjusted PB Ratio is 0.07 as of Jul. 26, 2026, which is 70% below its 10-year median of 0.23. GuruFocus rates MDXH with a GF Score™ of 48/100 and a GF Value™ of $2.20 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 133 Medical Diagnostics & Research companies, MDxHealth ranks better than 93.23% on this metric.

As of today (2026-07-26), MDxHealth's current share price is $0.41. MDxHealth's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $5.63. MDxHealth's Cyclically Adjusted PB Ratio for today is 0.07.

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

MDXH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.23   Max: 0.77
Current: 0.07

During the past years, MDxHealth's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.07. And the median was 0.23.

MDXH's Cyclically Adjusted PB Ratio is ranked better than
93.23% of 133 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.75 vs MDXH: 0.07

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.

MDxHealth's adjusted book value per share data for the three months ended in Mar. 2026 was $-0.394. 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 $5.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MDxHealth  (NAS:MDXH) 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.


MDxHealth Cyclically Adjusted PB Ratio Related Terms


MDxHealth Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MDxHealth'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.

MDxHealth Cyclically Adjusted PB Ratio Chart

MDxHealth 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 0.00 0.00 0.00 0.23 0.60

MDxHealth 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 0.16 0.31 0.72 0.60 0.41

MDXH vs AWHL, BIOQ, XWEL: Cyclically Adjusted PB Ratio Comparison

For the Diagnostics & Research subindustry, MDxHealth'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.


MDxHealth Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, MDxHealth's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MDXH
48GF Score
MDxHealth SA MDXH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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MDxHealth 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.

MDxHealth's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.41/5.63
=0.07

* 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.

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

For example, MDxHealth'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)
=-0.394/136.5600*136.5600
=-0.394

Current CPI (Mar. 2026) = 136.5600.

MDxHealth Quarterly Data

Book Value per Share CPI Adj_Book
201106 11.177 95.508 15.981
201112 7.866 96.360 11.148
201206 4.815 97.659 6.733
201212 6.267 98.511 8.688
201306 9.053 99.215 12.461
201312 7.164 99.462 9.836
201406 4.817 99.482 6.612
201412 6.310 99.086 8.696
201506 10.948 100.107 14.935
201512 9.803 100.572 13.311
201606 8.271 102.267 11.044
201612 10.580 102.614 14.080
201706 11.045 103.902 14.517
201712 8.718 104.804 11.360
201806 11.619 106.063 14.960
201812 8.695 107.252 11.071
201906 6.445 107.896 8.157
201912 2.797 108.065 3.535
202006 2.285 108.540 2.875
202012 0.645 108.511 0.812
202106 1.814 110.305 2.246
202109 0.000 111.543 0.000
202112 3.007 114.705 3.580
202203 0.000 118.620 0.000
202206 1.827 120.948 2.063
202209 1.319 124.120 1.451
202212 0.572 126.578 0.617
202303 1.392 126.528 1.502
202306 0.986 125.973 1.069
202309 0.660 127.083 0.709
202312 0.264 128.292 0.281
202403 -0.036 130.552 -0.038
202406 -0.323 130.691 -0.338
202409 0.359 130.968 0.374
202412 0.300 132.346 0.310
202503 0.121 134.348 0.123
202506 -0.018 133.495 -0.018
202509 -0.161 133.740 -0.164
202512 -0.235 135.070 -0.238
202603 -0.394 136.560 -0.394

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 0.07 mean?
MDxHealth (MDXH) has a Cyclically Adjusted PB Ratio of 0.07 as of Jul. 26, 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 MDxHealth and its competitors. This is 70% below median its historical median of 0.23. Over the past decade, MDxHealth's Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.77. According to the industry distribution chart, MDxHealth ranks #9 out of 133 companies in the Medical Diagnostics & Research industry, placing it in the top 6.8%.
Is MDxHealth's Cyclically Adjusted PB Ratio too high?
MDxHealth's current Cyclically Adjusted PB Ratio of 0.07 is 70% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.77. The Medical Diagnostics & Research industry median Cyclically Adjusted PB Ratio is 1.75. MDxHealth's value of 0.07 is 96% below this industry median. Based on the distribution chart, MDxHealth ranks #9 out of 133 companies in the Medical Diagnostics & Research industry, which is in the top quartile — a strong position relative to peers. Overall, MDxHealth has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MDxHealth's Cyclically Adjusted PB Ratio compare to AWHL and BIOQ?
According to the Medical Diagnostics & Research industry distribution chart, MDxHealth ranks #9 out of 133 companies for Cyclically Adjusted PB Ratio. This places MDxHealth in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.75. MDxHealth's value of 0.07 is 96% below this benchmark. Historically, MDxHealth's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.77 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.75, MDxHealth 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 Diagnostics & Research company?
The median Cyclically Adjusted PB Ratio among Medical Diagnostics & Research companies is 1.75, based on 133 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. MDxHealth's current Cyclically Adjusted PB Ratio of 0.07 is 96% 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 MDxHealth and its competitors. For the Medical Diagnostics & Research 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. MDxHealth's current Cyclically Adjusted PB Ratio is 0.07, which is 70% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDxHealth stock overvalued right now?
Based on GuruFocus' analysis, MDxHealth (MDXH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.20, compared to a current price of $0.41 — trading 81.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.07, which is 70% below median its 10-year median of 0.23 and 96% below the Medical Diagnostics & Research industry median of 1.75. MDxHealth's overall GF Score™ is 48/100 with 5 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 MDxHealth (MDXH), the current Cyclically Adjusted PB Ratio is 0.07 as of Jul. 26, 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 MDxHealth (MDXH) Overvalued in 2026?

Based on GuruFocus' analysis, MDxHealth stock appears to be undervalued. The current stock price of $0.41 is trading 81.4% below its estimated GF Value™ of $2.20. GuruFocus considers MDxHealth to be Possible Value Trap.

Key valuation signals for MDXH:

  • Cyclically Adjusted PB Ratio: 0.07 (70% below median its 10-year median of 0.23)
  • GF Value™: $2.20 vs. price of $0.41 (81.4% below fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 96% below the Medical Diagnostics & Research median (#9 of 133)

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


MDxHealth Business Description

Other Exchanges O6C1:Germany
Address Zone Industrielle des Hauts-Sarts, Rue d’Abhooz, 31, Cap Business Center, Herstal, Liege, BEL, 4040
MDxHealth SA is a multinational healthcare company that provides actionable molecular diagnostic information to personalize the diagnosis and treatment of cancer. Its tests are based on proprietary genomic, epigenetic, and other molecular technologies and assist physicians with the diagnosis of urologic cancers, the prognosis of recurrence risk, and the prediction of response to a specific therapy. It derives revenues from clinical laboratory service testing or the out-licensing of the company's patented DNA methylation platform and biomarkers. Geographically, it derives revenue from the United States of America (USA) and Europe.
48GF Score

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

$0.41
Price
$2.20
GF Value