Mercator Medical (STU:MM2) Cyclically Adjusted PB Ratio: 0.70 (As of Sep. 17, 2026) — Near Median

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STU:MM2 Mercator Medical SA STU:MM2
57 GF Score
Price €12.52
GF Value €11.65
! 6 Warning Signs
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What is Mercator Medical Cyclically Adjusted PB Ratio?

Mercator Medical STU:MM2 -2.03% 57 Cyclically Adjusted PB Ratio is 0.70 as of Sep. 17, 2026, which is 9% below its 10-year median of 0.77. GuruFocus rates STU:MM2 with a GF Score™ of 57/100 and a GF Value™ of €11.65. The stock has 6 warning signs investors should review. Among 513 Medical Devices & Instruments companies, Mercator Medical ranks better than 76.02% on this metric.

As of today (2026-09-17), Mercator Medical's current share price is €12.52. Mercator Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €17.76. Mercator Medical's Cyclically Adjusted PB Ratio for today is 0.70.

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: 0.77   Max: 1.33
Current: 0.73

During the past years, Mercator Medical's highest Cyclically Adjusted PB Ratio was 1.33. The lowest was 0.51. And the median was 0.77.

STU:MM2's Cyclically Adjusted PB Ratio is ranked better than
76.02% of 513 companies
in the Medical Devices & Instruments industry
Industry Median: 1.8 vs STU:MM2: 0.73

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 €23.287. 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 €17.76 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 3.04 1.03 0.73 0.71 0.48

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 0.69 0.67 0.61 0.51 0.64

STU:MM2 vs ISRG, BDX, RMD: 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
57GF 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
=12.52/17.763
=0.70

* 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)
=23.287/163.0700*163.0700
=23.287

Current CPI (Mar. 2026) = 163.0700.

Mercator Medical Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.164 99.552 3.545
201609 2.600 99.064 4.280
201612 2.648 100.366 4.302
201703 2.725 101.018 4.399
201706 2.629 101.180 4.237
201709 2.632 101.343 4.235
201712 2.710 102.564 4.309
201803 2.842 102.564 4.519
201806 2.692 103.378 4.246
201809 2.787 103.378 4.396
201812 2.816 103.785 4.425
201903 2.808 104.274 4.391
201906 2.900 105.983 4.462
201909 2.979 105.983 4.584
201912 2.987 107.123 4.547
202003 3.189 109.076 4.768
202006 7.640 109.402 11.388
202009 14.562 109.320 21.722
202012 21.984 109.565 32.720
202103 27.386 112.658 39.641
202106 29.942 113.960 42.845
202109 25.167 115.588 35.505
202112 25.573 119.088 35.018
202203 25.803 125.031 33.653
202206 25.543 131.705 31.626
202209 25.455 135.531 30.627
202212 22.065 139.113 25.865
202303 21.225 145.950 23.715
202306 20.518 147.009 22.760
202309 19.925 146.113 22.237
202312 20.257 147.741 22.359
202403 20.070 149.044 21.959
202406 19.968 150.997 21.565
202409 21.235 153.439 22.568
202412 23.149 154.660 24.408
202503 23.448 157.021 24.351
202506 22.670 157.509 23.470
202509 22.833 158.000 23.566
202512 23.339 158.320 24.039
202603 23.287 163.070 23.287

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 0.70 mean?
Mercator Medical (STU:MM2) has a Cyclically Adjusted PB Ratio of 0.70 as of Sep. 17, 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 near median its historical median of 0.77. 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 #123 out of 513 companies in the Medical Devices & Instruments industry, placing it in the top 24%.
Is Mercator Medical's Cyclically Adjusted PB Ratio too high?
Mercator Medical's current Cyclically Adjusted PB Ratio of 0.70 is near median its 10-year median of 0.77. 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 1.80. Mercator Medical's value of 0.70 is 61.1% below this industry median. Based on the distribution chart, Mercator Medical ranks #123 out of 513 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 57/100, 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 #123 out of 513 companies for Cyclically Adjusted PB Ratio. This places Mercator Medical in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.80. Mercator Medical's value of 0.70 is 61.1% 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 0.77 vs. the industry median of 1.80, 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 1.80, based on 513 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 0.70 is 61.1% 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 Mercator Medical and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.80 — 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 0.70, which is near median its own 10-year median of 0.77. 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 0.70. The stock's GF Value™ is €11.65, compared to a current price of €12.52 — trading 7.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is near median its 10-year median of 0.77 and 61.1% below the Medical Devices & Instruments industry median of 1.80. Mercator Medical's overall GF Score™ is 57/100 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 Mercator Medical (STU:MM2), the current Cyclically Adjusted PB Ratio is 0.70 as of Sep. 17, 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 €12.52 is trading 7.5% above its estimated GF Value™ of €11.65.

Key valuation signals for STU:MM2:

  • Cyclically Adjusted PB Ratio: 0.70 (near median its 10-year median of 0.77)
  • GF Value™: €11.65 vs. price of €12.52 (7.5% above fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 61.1% below the Medical Devices & Instruments median (#123 of 513)

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.
57GF 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.

€12.52
Price
€11.65
GF Value