Teladoc Health (MEX:TDOC) Cyclically Adjusted PB Ratio: 0.31 (As of Jul. 27, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:TDOC Teladoc Health Inc MEX:TDOC
52 GF Score
Price MXN154.00
GF Value MXN138.36
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Teladoc Health Cyclically Adjusted PB Ratio?

Teladoc Health MEX:TDOC -0.86% 52 Cyclically Adjusted PB Ratio is 0.31 as of Jul. 27, 2026, which is 3% above its 10-year median of 0.30. GuruFocus rates MEX:TDOC with a GF Score™ of 52/100 and a GF Value™ of MXN138.36 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 356 Healthcare Providers & Services companies, Teladoc Health ranks better than 91.85% on this metric.

As of today (2026-07-27), Teladoc Health's current share price is MXN154.00. Teladoc Health's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN503.92. Teladoc Health's Cyclically Adjusted PB Ratio for today is 0.31.

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

MEX:TDOC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.3   Max: 0.77
Current: 0.29

During the past years, Teladoc Health's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.16. And the median was 0.30.

MEX:TDOC's Cyclically Adjusted PB Ratio is ranked better than
91.85% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.83 vs MEX:TDOC: 0.29

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.

Teladoc Health's adjusted book value per share data for the three months ended in Mar. 2026 was MXN133.555. 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 MXN503.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teladoc Health  (MEX:TDOC) 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.


Teladoc Health Cyclically Adjusted PB Ratio Related Terms


Teladoc Health Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Teladoc 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.

Teladoc Health Cyclically Adjusted PB Ratio Chart

Teladoc Health 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 0.76 0.32 0.24

Teladoc Health 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 0.28 0.30 0.26 0.24 0.18

MEX:TDOC vs OMCL, OMDA, CERT: Cyclically Adjusted PB Ratio Comparison

For the Health Information Services subindustry, Teladoc 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.


Teladoc Health Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


MEX:TDOC
52GF Score
Teladoc Health Inc MEX:TDOC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teladoc 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.

Teladoc Health's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=154.00/503.92
=0.31

* 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.

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

For example, Teladoc Health'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)
=133.555/330.2130*330.2130
=133.555

Current CPI (Mar. 2026) = 330.2130.

Teladoc Health Quarterly Data

Book Value per Share CPI Adj_Book
201606 72.534 241.018 99.377
201609 101.781 241.428 139.211
201612 103.023 241.432 140.907
201703 118.959 243.801 161.122
201706 131.741 244.955 177.594
201709 142.478 246.819 190.618
201712 178.382 246.524 238.938
201803 160.693 249.554 212.631
201806 213.711 251.989 280.053
201809 274.498 252.439 359.068
201812 282.100 251.233 370.784
201903 271.864 254.202 353.156
201906 267.740 256.143 345.164
201909 271.133 256.759 348.699
201912 262.837 256.974 337.747
202003 316.596 258.115 405.029
202006 377.877 257.797 484.024
202009 584.246 260.280 741.223
202012 2,102.466 260.474 2,665.378
202103 2,095.584 264.877 2,612.492
202106 1,997.437 271.696 2,427.638
202109 2,054.424 274.310 2,473.105
202112 2,051.254 278.802 2,429.505
202203 1,127.627 287.504 1,295.137
202206 756.127 296.311 842.638
202209 750.631 296.808 835.113
202212 276.295 296.797 307.403
202303 251.950 301.836 275.637
202306 238.649 305.109 258.285
202309 241.366 307.789 258.951
202312 236.912 306.746 255.036
202403 224.359 312.332 237.204
202406 160.809 314.175 169.018
202409 172.656 315.301 180.822
202412 179.334 315.605 187.635
202503 166.502 319.799 171.924
202506 151.622 322.561 155.219
202509 143.993 324.800 146.393
202512 139.924 324.054 142.583
202603 133.555 330.213 133.555

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 0.31 mean?
Teladoc Health (MEX:TDOC) has a Cyclically Adjusted PB Ratio of 0.31 as of Jul. 27, 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 Teladoc Health and its competitors. This is near median its historical median of 0.30. Over the past decade, Teladoc Health's Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.77. According to the industry distribution chart, Teladoc Health ranks #29 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 8.1%.
Is Teladoc Health's Cyclically Adjusted PB Ratio too high?
Teladoc Health's current Cyclically Adjusted PB Ratio of 0.31 is near median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.77. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.83. Teladoc Health's value of 0.31 is 83.1% below this industry median. Based on the distribution chart, Teladoc Health ranks #29 out of 356 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Teladoc Health has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teladoc Health's Cyclically Adjusted PB Ratio compare to OMCL and OMDA?
According to the Healthcare Providers & Services industry distribution chart, Teladoc Health ranks #29 out of 356 companies for Cyclically Adjusted PB Ratio. This places Teladoc Health in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.83. Teladoc Health's value of 0.31 is 83.1% below this benchmark. Historically, Teladoc Health's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.77 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 1.83, Teladoc Health 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.83, based on 356 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. Teladoc Health's current Cyclically Adjusted PB Ratio of 0.31 is 83.1% 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 Teladoc Health and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teladoc Health's current Cyclically Adjusted PB Ratio is 0.31, which is near median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teladoc Health stock overvalued right now?
Based on GuruFocus' analysis, Teladoc Health (MEX:TDOC) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN138.36, compared to a current price of MXN154.00 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is near median its 10-year median of 0.30 and 83.1% below the Healthcare Providers & Services industry median of 1.83. Teladoc Health's overall GF Score™ is 52/100 with 6 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 Teladoc Health (MEX:TDOC), the current Cyclically Adjusted PB Ratio is 0.31 as of Jul. 27, 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 Teladoc Health (MEX:TDOC) Overvalued in 2026?

Based on GuruFocus' analysis, Teladoc Health stock appears to be overvalued. The current stock price of MXN154.00 is trading 11.3% above its estimated GF Value™ of MXN138.36. GuruFocus considers Teladoc Health to be Modestly Overvalued.

Key valuation signals for MEX:TDOC:

  • Cyclically Adjusted PB Ratio: 0.31 (near median its 10-year median of 0.30)
  • GF Value™: MXN138.36 vs. price of MXN154.00 (11.3% above fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 83.1% below the Healthcare Providers & Services median (#29 of 356)

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


Teladoc Health Business Description

Address 155 East 44th Street, Suite 1700, New York, NY, USA, 10017
Teladoc Health Inc is engaged in the provision of virtual healthcare services, connecting patients, providers, and healthcare systems through technology-enabled platforms. The company has two reportable segments: Integrated Care and BetterHelp. The Integrated Care segment provides virtual healthcare solutions, including primary care, mental health, chronic care management, and telehealth enablement services for employers, insurers, and healthcare systems, mainly on a business-to-business basis, while the BetterHelp segment offers direct-to-consumer online mental health services, including counseling and therapy delivered through digital platforms. It generates the majority of its revenue from the Integrated Care segment.
52GF Score

Get the complete analysis for MEX:TDOC

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

MXN154.00
Price
MXN138.36
GF Value