Tandem Diabetes Care (MEX:TNDM) Cyclically Adjusted PB Ratio: 5.14 (As of Aug. 03, 2026) — 16% Above Median

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Director of Data and Quant Analytics at GuruFocus
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MEX:TNDM Tandem Diabetes Care Inc MEX:TNDM
66 GF Score
Price MXN745.00
GF Value MXN1,145.77
! 5 Warning Signs
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What is Tandem Diabetes Care Cyclically Adjusted PB Ratio?

Tandem Diabetes Care MEX:TNDM 66 Cyclically Adjusted PB Ratio is 5.14 as of Aug. 03, 2026, which is 16% above its 10-year median of 4.44. GuruFocus rates MEX:TNDM with a GF Score™ of 66/100 and a GF Value™ of MXN1,145.77. The stock has 5 warning signs investors should review. Among 521 Medical Devices & Instruments companies, Tandem Diabetes Care ranks worse than 83.11% on this metric.

As of today (2026-08-03), Tandem Diabetes Care's current share price is MXN745.00. Tandem Diabetes Care's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN144.96. Tandem Diabetes Care's Cyclically Adjusted PB Ratio for today is 5.14.

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

MEX:TNDM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 4.44   Max: 26.54
Current: 5.22

During the past years, Tandem Diabetes Care's highest Cyclically Adjusted PB Ratio was 26.54. The lowest was 1.13. And the median was 4.44.

MEX:TNDM's Cyclically Adjusted PB Ratio is ranked worse than
83.11% of 521 companies
in the Medical Devices & Instruments industry
Industry Median: 1.78 vs MEX:TNDM: 5.22

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.

Tandem Diabetes Care's adjusted book value per share data for the three months ended in Mar. 2026 was MXN34.853. 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 MXN144.96 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tandem Diabetes Care  (MEX:TNDM) 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.


Tandem Diabetes Care Cyclically Adjusted PB Ratio Related Terms


Tandem Diabetes Care Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tandem Diabetes Care'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.

Tandem Diabetes Care Cyclically Adjusted PB Ratio Chart

Tandem Diabetes Care 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 5.68 2.68 4.86 5.32

Tandem Diabetes Care 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 2.99 3.37 2.53 5.32 5.14

MEX:TNDM vs AVNS, IRMD, AORT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Tandem Diabetes Care'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.


Tandem Diabetes Care Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


MEX:TNDM
66GF Score
Tandem Diabetes Care Inc MEX:TNDM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandem Diabetes Care 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.

Tandem Diabetes Care's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=745.00/144.96
=5.14

* 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.

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

For example, Tandem Diabetes Care'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)
=34.853/330.2130*330.2130
=34.853

Current CPI (Mar. 2026) = 330.2130.

Tandem Diabetes Care Quarterly Data

Book Value per Share CPI Adj_Book
201606 193.774 241.018 265.485
201609 32.796 241.428 44.857
201612 -39.292 241.432 -53.741
201703 -7.057 243.801 -9.558
201706 -65.780 244.955 -88.675
201709 -92.470 246.819 -123.713
201712 -56.572 246.524 -75.777
201803 4.616 249.554 6.108
201806 9.608 251.989 12.591
201809 37.639 252.439 49.235
201812 44.786 251.233 58.865
201903 40.468 254.202 52.569
201906 47.653 256.143 61.433
201909 55.850 256.759 71.828
201912 61.912 256.974 79.557
202003 80.869 258.115 103.458
202006 101.653 257.797 130.208
202009 116.132 260.280 147.335
202012 116.893 260.474 148.190
202103 102.388 264.877 127.644
202106 109.435 271.696 133.005
202109 126.272 274.310 152.006
202112 139.189 278.802 164.855
202203 136.199 287.504 156.431
202206 140.862 296.311 156.979
202209 132.031 296.808 146.891
202212 132.953 296.797 147.922
202303 94.507 301.836 103.392
202306 86.753 305.109 93.891
202309 83.900 307.789 90.013
202312 81.213 306.746 87.426
202403 62.481 312.332 66.058
202406 65.479 314.175 68.822
202409 71.300 315.301 74.672
202412 82.807 315.605 86.640
202503 47.726 319.799 49.280
202506 37.162 322.561 38.044
202509 35.990 324.800 36.590
202512 40.912 324.054 41.690
202603 34.853 330.213 34.853

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 5.14 mean?
Tandem Diabetes Care (MEX:TNDM) has a Cyclically Adjusted PB Ratio of 5.14 as of Aug. 03, 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 Tandem Diabetes Care and its competitors. This is 16% above median its historical median of 4.44. Over the past decade, Tandem Diabetes Care's Cyclically Adjusted PB Ratio has ranged from 1.13 to 26.54. According to the industry distribution chart, Tandem Diabetes Care ranks #433 out of 521 companies in the Medical Devices & Instruments industry, placing it in the top 83.1%.
Is Tandem Diabetes Care's Cyclically Adjusted PB Ratio too high?
Tandem Diabetes Care's current Cyclically Adjusted PB Ratio of 5.14 is 16% above median its 10-year median of 4.44. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 26.54. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.78. Tandem Diabetes Care's value of 5.14 is 188.8% above this industry median. Based on the distribution chart, Tandem Diabetes Care ranks #433 out of 521 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Tandem Diabetes Care has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Tandem Diabetes Care's Cyclically Adjusted PB Ratio compare to AVNS and IRMD?
According to the Medical Devices & Instruments industry distribution chart, Tandem Diabetes Care ranks #433 out of 521 companies for Cyclically Adjusted PB Ratio. This places Tandem Diabetes Care in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Tandem Diabetes Care's value of 5.14 is 188.8% above this benchmark. Historically, Tandem Diabetes Care's own Cyclically Adjusted PB Ratio has ranged from 1.13 to 26.54 over the past decade. While the company's 10-year median is 4.44 vs. the industry median of 1.78, Tandem Diabetes Care has consistently been above 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 1.78, based on 521 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. Tandem Diabetes Care's current Cyclically Adjusted PB Ratio of 5.14 is 188.8% above 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 Tandem Diabetes Care and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandem Diabetes Care's current Cyclically Adjusted PB Ratio is 5.14, which is 16% above median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandem Diabetes Care stock overvalued right now?
Tandem Diabetes Care (MEX:TNDM) has a current Cyclically Adjusted PB Ratio of 5.14. The stock's GF Value™ is MXN1,145.77, compared to a current price of MXN745.00 — trading 35% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.14, which is 16% above median its 10-year median of 4.44 and 188.8% above the Medical Devices & Instruments industry median of 1.78. Tandem Diabetes Care's overall GF Score™ is 66/100 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 Tandem Diabetes Care (MEX:TNDM), the current Cyclically Adjusted PB Ratio is 5.14 as of Aug. 03, 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 Tandem Diabetes Care (MEX:TNDM) Overvalued in 2026?

Based on GuruFocus' analysis, Tandem Diabetes Care stock appears to be undervalued. The current stock price of MXN745.00 is trading 35% below its estimated GF Value™ of MXN1,145.77.

Key valuation signals for MEX:TNDM:

  • Cyclically Adjusted PB Ratio: 5.14 (16% above median its 10-year median of 4.44)
  • GF Value™: MXN1,145.77 vs. price of MXN745.00 (35% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 188.8% above the Medical Devices & Instruments median (#433 of 521)

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


Tandem Diabetes Care Business Description

Address 12400 High Bluff Drive, San Diego, CA, USA, 92130
Tandem Diabetes designs, manufactures, and markets durable insulin pumps for individuals with diabetes. The firm first entered this market in 2012 and has since introduced multiple generations of pumps leading to its current t:slim X2 device. The firm recently launched its smaller Mobi pump and continues to work on Tobi (a tubeless version of Mobi), and the Sigi tubeless patch pump. Nearly three-quarters of total revenue is derived from the US, with the remainder primarily from other developed nations. The pumps themselves generate just over half of total sales, and another one-third is from disposable infusion sets that need to be changed over every 2 to 3 days.
66GF Score

Get the complete analysis for MEX:TNDM

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

MXN745.00
Price
MXN1,145.77
GF Value