MRMD (MariMed) Cyclically Adjusted PB Ratio: 0.47 (As of Jul. 20, 2026) — 87% Below Median

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.

What is MariMed Cyclically Adjusted PB Ratio?

MariMed MRMD -4.22% Cyclically Adjusted PB Ratio is 0.47 as of Jul. 20, 2026, which is 87% below its 10-year median of 3.59. The stock has 5 warning signs investors should review. Among 757 Drug Manufacturers companies, MariMed ranks better than 87.71% on this metric.

As of today (2026-07-20), MariMed's current share price is $0.0658. MariMed's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.14. MariMed's Cyclically Adjusted PB Ratio for today is 0.47.

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

MRMD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 3.59   Max: 25.25
Current: 0.46

During the past years, MariMed's highest Cyclically Adjusted PB Ratio was 25.25. The lowest was 0.46. And the median was 3.59.

MRMD's Cyclically Adjusted PB Ratio is ranked better than
87.71% of 757 companies
in the Drug Manufacturers industry
Industry Median: 1.86 vs MRMD: 0.46

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.

MariMed's adjusted book value per share data for the three months ended in Mar. 2026 was $0.121. 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 $0.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MariMed  (OTCPK:MRMD) 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.


MariMed Cyclically Adjusted PB Ratio Related Terms


MariMed Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MariMed'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.

MariMed Cyclically Adjusted PB Ratio Chart

MariMed 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 19.98 5.65 3.07 1.03 0.69

MariMed 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 0.79 0.55 1.13 0.69 0.48

MRMD vs RMTI, CPHI, TXMD: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, MariMed'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.


MariMed Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, MariMed's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MariMed 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0658/0.14
=0.47

* 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.

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

For example, MariMed'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)
=0.121/330.2130*330.2130
=0.121

Current CPI (Mar. 2026) = 330.2130.

MariMed Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.029 241.018 -0.040
201609 -0.029 241.428 -0.040
201612 -0.017 241.432 -0.023
201703 0.003 243.801 0.004
201706 0.029 244.955 0.039
201709 0.044 246.819 0.059
201712 0.061 246.524 0.082
201803 0.059 249.554 0.078
201806 0.112 251.989 0.147
201809 0.180 252.439 0.235
201812 0.294 251.233 0.386
201903 0.310 254.202 0.403
201906 0.380 256.143 0.490
201909 0.376 256.759 0.484
201912 0.030 256.974 0.039
202003 -0.034 258.115 -0.043
202006 -0.014 257.797 -0.018
202009 0.002 260.280 0.003
202012 0.028 260.474 0.035
202103 0.047 264.877 0.059
202106 0.078 271.696 0.095
202109 0.111 274.310 0.134
202112 0.113 278.802 0.134
202203 0.135 287.504 0.155
202206 0.144 296.311 0.160
202209 0.157 296.808 0.175
202212 0.172 296.797 0.191
202303 0.192 301.836 0.210
202306 0.222 305.109 0.240
202309 0.217 307.789 0.233
202312 0.191 306.746 0.206
202403 0.188 312.332 0.199
202406 0.185 314.175 0.194
202409 0.183 315.301 0.192
202412 0.158 315.605 0.165
202503 0.157 319.799 0.162
202506 0.154 322.561 0.158
202509 0.142 324.800 0.144
202512 0.131 324.054 0.133
202603 0.121 330.213 0.121

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 0.47 mean?
MariMed (MRMD) has a Cyclically Adjusted PB Ratio of 0.47 as of Jul. 20, 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 MariMed and its competitors. This is 87% below median its historical median of 3.59. Over the past decade, MariMed's Cyclically Adjusted PB Ratio has ranged from 0.46 to 25.25. According to the industry distribution chart, MariMed ranks #93 out of 757 companies in the Drug Manufacturers industry, placing it in the top 12.3%.
Is MariMed's Cyclically Adjusted PB Ratio too high?
MariMed's current Cyclically Adjusted PB Ratio of 0.47 is 87% below median its 10-year median of 3.59. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 25.25. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.86. MariMed's value of 0.47 is 74.7% below this industry median. Based on the distribution chart, MariMed ranks #93 out of 757 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers.
How does MariMed's Cyclically Adjusted PB Ratio compare to RMTI and CPHI?
According to the Drug Manufacturers industry distribution chart, MariMed ranks #93 out of 757 companies for Cyclically Adjusted PB Ratio. This places MariMed in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.86. MariMed's value of 0.47 is 74.7% below this benchmark. Historically, MariMed's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 25.25 over the past decade. While the company's 10-year median is 3.59 vs. the industry median of 1.86, MariMed 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.86, based on 757 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. MariMed's current Cyclically Adjusted PB Ratio of 0.47 is 74.7% 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 MariMed and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MariMed's current Cyclically Adjusted PB Ratio is 0.47, which is 87% below median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MariMed stock overvalued right now?
Based on GuruFocus' analysis, MariMed (MRMD) is currently considered Possible Value Trap. The stock's GF Value™ is $0.16, compared to a current price of $0.07 — trading 58.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.47, which is 87% below median its 10-year median of 3.59 and 74.7% below the Drug Manufacturers industry median of 1.86. 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 MariMed (MRMD), the current Cyclically Adjusted PB Ratio is 0.47 as of Jul. 20, 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.

MariMed Business Description

Other Exchanges MRMD:Canada
Address 10 Oceana Way, Floor 2, Norwood, MA, USA, 02062
MariMed Inc is a multi-state cannabis operator in the United States dedicated to improving lives every day through its high-quality products. The company develops, owns, and manages seed to sale state-licensed, regulatory-compliant facilities for the cultivation, production, and dispensing of medicinal and adult-use cannabis. It has created and continues to develop its own brands of cannabis flower, concentrates, edibles, and other precision-dosed products utilizing its proprietary strains and formulations. The company also licenses its proprietary brands, along with other top cannabis products, in select domestic markets. Its operations are conducted in compliance with applicable state and local laws and regulations in the jurisdictions in which it operates.