Chemed (STU:CXM) Cyclically Adjusted PB Ratio: 8.65 (As of Jul. 31, 2026) — 25% Below Median

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STU:CXM Chemed Corp STU:CXM
69 GF Score
Price €462.00
GF Value €589.57
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Chemed Cyclically Adjusted PB Ratio?

Chemed STU:CXM +2.67% 69 Cyclically Adjusted PB Ratio is 8.65 as of Jul. 31, 2026, which is 25% below its 10-year median of 11.51. GuruFocus rates STU:CXM with a GF Score™ of 69/100 and a GF Value™ of €589.57 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 356 Healthcare Providers & Services companies, Chemed ranks worse than 91.85% on this metric.

As of today (2026-07-31), Chemed's current share price is €462.00. Chemed's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €53.44. Chemed's Cyclically Adjusted PB Ratio for today is 8.65.

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

STU:CXM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.55   Med: 11.51   Max: 16.58
Current: 8.72

During the past years, Chemed's highest Cyclically Adjusted PB Ratio was 16.58. The lowest was 5.55. And the median was 11.51.

STU:CXM's Cyclically Adjusted PB Ratio is ranked worse than
91.85% of 356 companies
in the Healthcare Providers & Services industry
Industry Median: 1.84 vs STU:CXM: 8.72

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.

Chemed's adjusted book value per share data for the three months ended in Jun. 2026 was €54.308. 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 €53.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chemed  (STU:CXM) 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.


Chemed Cyclically Adjusted PB Ratio Related Terms


Chemed Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chemed'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.

Chemed Cyclically Adjusted PB Ratio Chart

Chemed 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 13.85 12.02 12.40 9.98 7.33

Chemed 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 8.63 7.75 7.33 6.29 7.60

STU:CXM vs PACS, LFST, UHS: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Chemed'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.


Chemed Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


STU:CXM
69GF Score
Chemed Corp STU:CXM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chemed 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=462.00/53.44
=8.65

* 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.

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

For example, Chemed'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)
=54.308/333.9520*333.9520
=54.308

Current CPI (Jun. 2026) = 333.9520.

Chemed Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.756 241.428 37.010
201612 30.694 241.432 42.456
201703 29.107 243.801 39.870
201706 25.215 244.955 34.376
201709 25.103 246.819 33.965
201712 28.470 246.524 38.567
201803 25.796 249.554 34.520
201806 29.602 251.989 39.230
201809 30.409 252.439 40.228
201812 32.746 251.233 43.528
201903 32.647 254.202 42.889
201906 34.382 256.143 44.826
201909 38.136 256.759 49.601
201912 41.018 256.974 53.305
202003 38.973 258.115 50.424
202006 41.876 257.797 54.246
202009 42.653 260.280 54.726
202012 46.570 260.474 59.707
202103 48.919 264.877 61.676
202106 45.944 271.696 56.472
202109 43.050 274.310 52.410
202112 36.988 278.802 44.305
202203 40.444 287.504 46.978
202206 43.473 296.311 48.995
202209 49.000 296.808 55.132
202212 50.688 296.797 57.033
202303 54.725 301.836 60.548
202306 58.285 305.109 63.795
202309 63.635 307.789 69.044
202312 67.570 306.746 73.563
202403 72.183 312.332 77.180
202406 74.797 314.175 79.505
202409 74.312 315.301 78.708
202412 73.411 315.605 77.679
202503 74.723 319.799 78.030
202506 71.307 322.561 73.825
202509 65.018 324.800 66.850
202512 61.007 324.054 62.870
202603 55.260 330.213 55.886
202606 54.308 333.952 54.308

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 8.65 mean?
Chemed (STU:CXM) has a Cyclically Adjusted PB Ratio of 8.65 as of Jul. 31, 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 Chemed and its competitors. This is 25% below median its historical median of 11.51. Over the past decade, Chemed's Cyclically Adjusted PB Ratio has ranged from 5.55 to 16.58. According to the industry distribution chart, Chemed ranks #327 out of 356 companies in the Healthcare Providers & Services industry, placing it in the top 91.9%.
Is Chemed's Cyclically Adjusted PB Ratio too high?
Chemed's current Cyclically Adjusted PB Ratio of 8.65 is 25% below median its 10-year median of 11.51. Over the past 10 years, this metric has ranged from a low of 5.55 to a high of 16.58. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.84. Chemed's value of 8.65 is 370.1% above this industry median. Based on the distribution chart, Chemed ranks #327 out of 356 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Chemed has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chemed's Cyclically Adjusted PB Ratio compare to PACS and LFST?
According to the Healthcare Providers & Services industry distribution chart, Chemed ranks #327 out of 356 companies for Cyclically Adjusted PB Ratio. This places Chemed in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.84. Chemed's value of 8.65 is 370.1% above this benchmark. Historically, Chemed's own Cyclically Adjusted PB Ratio has ranged from 5.55 to 16.58 over the past decade. While the company's 10-year median is 11.51 vs. the industry median of 1.84, Chemed 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.84, 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. Chemed's current Cyclically Adjusted PB Ratio of 8.65 is 370.1% 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 Chemed and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chemed's current Cyclically Adjusted PB Ratio is 8.65, which is 25% below median its own 10-year median of 11.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chemed stock overvalued right now?
Based on GuruFocus' analysis, Chemed (STU:CXM) is currently considered Modestly Undervalued. The stock's GF Value™ is €589.57, compared to a current price of €462.00 — trading 21.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.65, which is 25% below median its 10-year median of 11.51 and 370.1% above the Healthcare Providers & Services industry median of 1.84. Chemed's overall GF Score™ is 69/100 with 8 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 Chemed (STU:CXM), the current Cyclically Adjusted PB Ratio is 8.65 as of Jul. 31, 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 Chemed (STU:CXM) Overvalued in 2026?

Based on GuruFocus' analysis, Chemed stock appears to be undervalued. The current stock price of €462.00 is trading 21.6% below its estimated GF Value™ of €589.57. GuruFocus considers Chemed to be Modestly Undervalued.

Key valuation signals for STU:CXM:

  • Cyclically Adjusted PB Ratio: 8.65 (25% below median its 10-year median of 11.51)
  • GF Value™: €589.57 vs. price of €462.00 (21.6% below fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 370.1% above the Healthcare Providers & Services median (#327 of 356)

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


Chemed Business Description

Other Exchanges CHE:USACXM:Germany
Address 255 East Fifth Street, Suite 2600, Cincinnati, OH, USA, 45202-4726
Chemed Corp purchases, operates, and divests subsidiaries engaged in diverse business activities to maximize shareholder value. The company operates in the following segments: VITAS and Roto-Rooter. The VITAS segment generates the majority of the firm's revenue and provides hospice and palliative care services to patients with terminal illnesses through a network of physicians, registered nurses, home health aides, social workers, and volunteers. The Roto-Rooter segment provides plumbing, drain cleaning, water restoration, and related services to residential and commercial customers.
69GF Score

Get the complete analysis for STU:CXM

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

€462.00
Price
€589.57
GF Value