Mercator Medical (STU:MM2) Cyclically Adjusted PB Ratio: 0.67 (As of Aug. 08, 2026) — 14% Below Median

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STU:MM2 Mercator Medical SA STU:MM2
63 GF Score
Price €11.80
GF Value €11.48
! 2 Warning Signs
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What is Mercator Medical Cyclically Adjusted PB Ratio?

Mercator Medical STU:MM2 +0.17% 63 Cyclically Adjusted PB Ratio is 0.67 as of Aug. 08, 2026, which is 14% below its 10-year median of 0.78. GuruFocus rates STU:MM2 with a GF Score™ of 63/100 and a GF Value™ of €11.48. The stock has 2 warning signs investors should review. Among 520 Medical Devices & Instruments companies, Mercator Medical ranks better than 79.42% on this metric.

As of today (2026-08-08), Mercator Medical's current share price is €11.80. Mercator Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €17.72. Mercator Medical's Cyclically Adjusted PB Ratio for today is 0.67.

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

STU:MM2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.78   Max: 1.33
Current: 0.64

During the past years, Mercator Medical's highest Cyclically Adjusted PB Ratio was 1.33. The lowest was 0.51. And the median was 0.78.

STU:MM2's Cyclically Adjusted PB Ratio is ranked better than
79.42% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.755 vs STU:MM2: 0.64

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.

Mercator Medical's adjusted book value per share data for the three months ended in Mar. 2026 was €23.618. 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 €17.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercator Medical  (STU:MM2) 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.


Mercator Medical Cyclically Adjusted PB Ratio Related Terms


Mercator Medical Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mercator Medical'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.

Mercator Medical Cyclically Adjusted PB Ratio Chart

Mercator Medical 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 1.08 0.76 0.73 0.50

Mercator Medical 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 0.66 0.66 0.60 0.50 0.64

STU:MM2 vs ISRG, BDX, MDLN: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Mercator Medical'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.


Mercator Medical Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

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

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


STU:MM2
63GF Score
Mercator Medical SA STU:MM2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercator Medical 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.

Mercator Medical's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.80/17.72
=0.67

* 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.

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

For example, Mercator Medical'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)
=23.618/163.0700*163.0700
=23.618

Current CPI (Mar. 2026) = 163.0700.

Mercator Medical Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.224 99.552 3.643
201609 2.610 99.064 4.296
201612 2.712 100.366 4.406
201703 2.680 101.018 4.326
201706 2.582 101.180 4.161
201709 2.636 101.343 4.242
201712 2.628 102.564 4.178
201803 2.783 102.564 4.425
201806 2.856 103.378 4.505
201809 2.898 103.378 4.571
201812 2.825 103.785 4.439
201903 2.951 104.274 4.615
201906 2.849 105.983 4.384
201909 3.030 105.983 4.662
201912 2.958 107.123 4.503
202003 3.406 109.076 5.092
202006 7.935 109.402 11.828
202009 15.451 109.320 23.048
202012 23.476 109.565 34.940
202103 29.798 112.658 43.132
202106 31.766 113.960 45.455
202109 27.233 115.588 38.420
202112 27.544 119.088 37.717
202203 28.115 125.031 36.669
202206 28.127 131.705 34.825
202209 28.901 135.531 34.773
202212 24.291 139.113 28.474
202303 23.909 145.950 26.713
202306 21.912 147.009 24.306
202309 22.205 146.113 24.782
202312 21.535 147.741 23.769
202403 21.168 149.044 23.160
202406 21.192 150.997 22.886
202409 21.627 153.439 22.984
202412 23.375 154.660 24.646
202503 23.373 157.021 24.273
202506 22.701 157.509 23.502
202509 22.976 158.000 23.713
202512 23.262 158.320 23.960
202603 23.618 163.070 23.618

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 0.67 mean?
Mercator Medical (STU:MM2) has a Cyclically Adjusted PB Ratio of 0.67 as of Aug. 08, 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 Mercator Medical and its competitors. This is 14% below median its historical median of 0.78. Over the past decade, Mercator Medical's Cyclically Adjusted PB Ratio has ranged from 0.51 to 1.33. According to the industry distribution chart, Mercator Medical ranks #107 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 20.6%.
Is Mercator Medical's Cyclically Adjusted PB Ratio too high?
Mercator Medical's current Cyclically Adjusted PB Ratio of 0.67 is 14% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.33. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.76. Mercator Medical's value of 0.67 is 61.8% below this industry median. Based on the distribution chart, Mercator Medical ranks #107 out of 520 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Mercator Medical has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Mercator Medical's Cyclically Adjusted PB Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Mercator Medical ranks #107 out of 520 companies for Cyclically Adjusted PB Ratio. This places Mercator Medical in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.76. Mercator Medical's value of 0.67 is 61.8% below this benchmark. Historically, Mercator Medical's own Cyclically Adjusted PB Ratio has ranged from 0.51 to 1.33 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.76, Mercator Medical 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.76, based on 520 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. Mercator Medical's current Cyclically Adjusted PB Ratio of 0.67 is 61.8% 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 Mercator Medical and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercator Medical's current Cyclically Adjusted PB Ratio is 0.67, which is 14% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercator Medical stock overvalued right now?
Mercator Medical (STU:MM2) has a current Cyclically Adjusted PB Ratio of 0.67. The stock's GF Value™ is €11.48, compared to a current price of €11.80 — trading 2.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is 14% below median its 10-year median of 0.78 and 61.8% below the Medical Devices & Instruments industry median of 1.76. Mercator Medical's overall GF Score™ is 63/100 with 2 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 Mercator Medical (STU:MM2), the current Cyclically Adjusted PB Ratio is 0.67 as of Aug. 08, 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 Mercator Medical (STU:MM2) Overvalued in 2026?

Based on GuruFocus' analysis, Mercator Medical stock appears to be overvalued. The current stock price of €11.80 is trading 2.8% above its estimated GF Value™ of €11.48.

Key valuation signals for STU:MM2:

  • Cyclically Adjusted PB Ratio: 0.67 (14% below median its 10-year median of 0.78)
  • GF Value™: €11.48 vs. price of €11.80 (2.8% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 61.8% below the Medical Devices & Instruments median (#107 of 520)

No single metric tells the full story. See the STU:MM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercator Medical Business Description

Other Exchanges MRC:PolandMM2:Germany
Address Ulica H. Modrzejewska 30, Krakow, POL, 31-327
Mercator Medical SA produces and sells medical gloves and distributor of medical disposables. The company's products - mainly gloves, dressings, disposable clothing and surgical drapes. It operates in Europe and Russia.
63GF Score

Get the complete analysis for STU:MM2

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

€11.80
Price
€11.48
GF Value