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TransMedics GroupTMDX -0.88%69 Cyclically Adjusted PB Ratio is 35.29 as of Jul. 23, 2026, which is 47% below its 10-year median of 66.99. GuruFocus rates TMDX with a GF Score™ of 69/100 and a GF Value™ of $170.12 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 522 Medical Devices & Instruments companies, TransMedics Group ranks worse than 99.23% on this metric.
The historical rank and industry rank for TransMedics Group's Cyclically Adjusted PB Ratio or its related term are showing as below:
TMDX'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 35.54 Med: 66.99 Max: 72.63
Current: 35.54
During the past 10 years, TransMedics Group's highest Cyclically Adjusted PB Ratio was 72.63. The lowest was 35.54. And the median was 66.99.
TMDX's Cyclically Adjusted PB Ratio is ranked worse than 99.23% of 522
companies
in the Medical Devices & Instruments industry
Industry Median: 1.765
vs TMDX: 35.54
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.
TransMedics Group's adjusted book value per share data of for the fiscal year that ended in Dec25 was $13.806. 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 $2.00 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
TransMedics Group (NAS:TMDX) 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.
TransMedics Group Cyclically Adjusted PB Ratio Related Terms
TransMedics Group Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for TransMedics Group'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.
TransMedics Group Cyclically Adjusted PB Ratio Chart
TMDX vs AXGN, BFLY, ESTA: Cyclically Adjusted PB Ratio Comparison
For the Medical Devices subindustry, TransMedics Group'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.
TransMedics Group Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, TransMedics Group's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where TransMedics Group's Cyclically Adjusted PB Ratio falls into.
TransMedics Group 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.
TransMedics Group's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 35.29 mean?
TransMedics Group (TMDX) has a Cyclically Adjusted PB Ratio of 35.29 as of Jul. 23, 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 TransMedics Group and its competitors. This is 47% below median its historical median of 66.99. Over the past decade, TransMedics Group's Cyclically Adjusted PB Ratio has ranged from 35.54 to 72.63. According to the industry distribution chart, TransMedics Group ranks #518 out of 522 companies in the Medical Devices & Instruments industry, placing it in the top 99.2%.
Is TransMedics Group's Cyclically Adjusted PB Ratio too high?
TransMedics Group's current Cyclically Adjusted PB Ratio of 35.29 is 47% below median its 10-year median of 66.99. Over the past 10 years, this metric has ranged from a low of 35.54 to a high of 72.63. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.77. TransMedics Group's value of 35.29 is 1899.4% above this industry median. Based on the distribution chart, TransMedics Group ranks #518 out of 522 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, TransMedics Group has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TransMedics Group's Cyclically Adjusted PB Ratio compare to AXGN and BFLY?
According to the Medical Devices & Instruments industry distribution chart, TransMedics Group ranks #518 out of 522 companies for Cyclically Adjusted PB Ratio. This places TransMedics Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. TransMedics Group's value of 35.29 is 1899.4% above this benchmark. Historically, TransMedics Group's own Cyclically Adjusted PB Ratio has ranged from 35.54 to 72.63 over the past decade. While the company's 10-year median is 66.99 vs. the industry median of 1.77, TransMedics Group 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 1.77, based on 522 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. TransMedics Group's current Cyclically Adjusted PB Ratio of 35.29 is 1899.4% 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 TransMedics Group and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TransMedics Group's current Cyclically Adjusted PB Ratio is 35.29, which is 47% below median its own 10-year median of 66.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TransMedics Group stock overvalued right now?
Based on GuruFocus' analysis, TransMedics Group (TMDX) is currently considered Possible Value Trap. The stock's GF Value™ is $170.12, compared to a current price of $70.57 — trading 58.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 35.29, which is 47% below median its 10-year median of 66.99 and 1899.4% above the Medical Devices & Instruments industry median of 1.77. TransMedics Group's overall GF Score™ is 69/100 with 9 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 TransMedics Group (TMDX), the current Cyclically Adjusted PB Ratio is 35.29 as of Jul. 23, 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 TransMedics Group (TMDX) Overvalued in 2026?
Based on GuruFocus' analysis, TransMedics Group stock appears to be undervalued.
The current stock price of $70.57 is trading 58.5% below its estimated GF Value™ of $170.12.
GuruFocus considers TransMedics Group to be Possible Value Trap.
Key valuation signals for TMDX:
Cyclically Adjusted PB Ratio: 35.29 (47% below median its 10-year median of 66.99)
GF Value™: $170.12 vs. price of $70.57 (58.5% below fair value)
Industry Position: 1899.4% above the Medical Devices & Instruments median (#518 of 522)
No single metric tells the full story. See the TMDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TransMedics Group Inc is a commercial-stage medical technology company transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. It has developed the Organ Care System (OCS) to comprehensively address the limitations of cold storage. The OCS is a portable organ perfusion, optimization, and monitoring system that utilizes technology to replicate near-physiologic conditions for donor organs outside of the human body. The company has developed and is commercializing a proprietary system to preserve and deliver human organs for transplant in a near-physiologic condition to address the limitations of cold storage organ preservation.
69GF Score
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