Cardinal Health (MEX:CAH) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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.

MEX:CAH Cardinal Health Inc MEX:CAH
80 GF Score
Price MXN4,054.20
GF Value MXN2,508.24
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Cardinal Health Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cardinal Health  (MEX:CAH) 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.


Cardinal Health Cyclically Adjusted PB Ratio Related Terms


Cardinal Health Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cardinal Health'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.

Cardinal Health Cyclically Adjusted PB Ratio Chart

Cardinal Health Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.43 5.47 7.48 19.22 41.50

Cardinal Health Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 18.42 17.57 28.06 30.03 37.84

MEX:CAH vs COR, HSIC, MCK: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, Cardinal Health'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.


Cardinal Health Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cardinal Health's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:CAH
80GF Score
Cardinal Health Inc MEX:CAH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cardinal Health 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.

Cardinal Health's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Cardinal Health's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-204.285/333.9520*333.9520
=-204.285

Current CPI (Jun. 2026) = 333.9520.

Cardinal Health Quarterly Data

Book Value per Share CPI Adj_Book
201609 402.008 241.428 556.072
201612 420.896 241.432 582.189
201703 404.219 243.801 553.688
201706 397.851 244.955 542.398
201709 380.607 246.819 514.970
201712 472.544 246.524 640.128
201803 436.120 249.554 583.614
201806 386.181 251.989 511.792
201809 368.562 252.439 487.571
201812 399.360 251.233 530.850
201903 405.655 254.202 532.920
201906 406.722 256.143 530.273
201909 60.849 256.759 79.143
201912 64.801 256.974 84.213
202003 96.890 258.115 125.357
202006 141.323 257.797 183.071
202009 107.000 260.280 137.286
202012 133.853 260.474 171.612
202103 126.138 264.877 159.032
202106 122.747 271.696 150.873
202109 100.986 274.310 122.943
202112 74.029 278.802 88.673
202203 -50.622 287.504 -58.800
202206 -52.176 296.311 -58.804
202209 -136.608 296.808 -153.704
202212 -166.432 296.797 -187.267
202303 -157.052 301.836 -173.763
202306 -202.048 305.109 -221.148
202309 -245.550 307.789 -266.422
202312 -239.235 306.746 -260.453
202403 -222.214 312.332 -237.596
202406 -240.709 314.175 -255.861
202409 -265.356 315.301 -281.053
202412 -250.974 315.605 -265.564
202503 -162.468 319.799 -169.658
202506 -208.207 322.561 -215.560
202509 -210.362 324.800 -216.289
202512 -205.698 324.054 -211.981
202603 -205.136 330.213 -207.459
202606 -204.285 333.952 -204.285

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 Cardinal Health (MEX:CAH) Overvalued in 2026?

Based on GuruFocus' analysis, Cardinal Health stock appears to be overvalued. The current stock price of MXN4,054.20 is trading 61.6% above its estimated GF Value™ of MXN2,508.24. GuruFocus considers Cardinal Health to be Significantly Overvalued.

Key valuation signals for MEX:CAH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN2,508.24 vs. price of MXN4,054.20 (61.6% above fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Cardinal Health Business Description

Address 7000 Cardinal Place, Dublin, OH, USA, 43017
Cardinal Health is one of three leading pharmaceutical wholesalers in the US, engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. Cardinal, Cencora, and McKesson hold well over 90% of the US pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
80GF Score

Get the complete analysis for MEX:CAH

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

MXN4,054.20
Price
MXN2,508.24
GF Value