Medinet Co (TSE:2370) Cyclically Adjusted PB Ratio: 0.70 (As of Aug. 13, 2026) — 25% Below Median

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TSE:2370 Medinet Co Ltd TSE:2370
41 GF Score
Price 円25.00
GF Value 円41.69
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Medinet Co Cyclically Adjusted PB Ratio?

Medinet Co TSE:2370 41 Cyclically Adjusted PB Ratio is 0.70 as of Aug. 13, 2026, which is 25% below its 10-year median of 0.93. GuruFocus rates TSE:2370 with a GF Score™ of 41/100 and a GF Value™ of 円41.69 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 694 Biotechnology companies, Medinet Co ranks better than 68.44% on this metric.

As of today (2026-08-13), Medinet Co's current share price is 円25.00. Medinet Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円35.78. Medinet Co's Cyclically Adjusted PB Ratio for today is 0.70.

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

TSE:2370' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.93   Max: 1.82
Current: 0.7

During the past years, Medinet Co's highest Cyclically Adjusted PB Ratio was 1.82. The lowest was 0.49. And the median was 0.93.

TSE:2370's Cyclically Adjusted PB Ratio is ranked better than
68.44% of 694 companies
in the Biotechnology industry
Industry Median: 1.63 vs TSE:2370: 0.70

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.

Medinet Co's adjusted book value per share data for the three months ended in Mar. 2026 was 円12.885. 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 円35.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medinet Co  (TSE:2370) 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.


Medinet Co Cyclically Adjusted PB Ratio Related Terms


Medinet Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Medinet Co'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.

Medinet Co Cyclically Adjusted PB Ratio Chart

Medinet Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 1.67 0.97 1.02 0.88

Medinet Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.80 0.98 0.88 0.77 0.81

TSE:2370 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Medinet Co'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.


Medinet Co Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Medinet Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:2370
41GF Score
Medinet Co Ltd TSE:2370
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medinet Co 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.

Medinet Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.00/35.78
=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.

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

For example, Medinet Co'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)
=12.885/112.7000*112.7000
=12.885

Current CPI (Mar. 2026) = 112.7000.

Medinet Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 75.658 98.100 86.918
201603 72.193 97.900 83.107
201606 70.127 98.100 80.564
201609 63.997 98.000 73.597
201612 61.714 98.400 70.683
201703 55.707 98.100 63.998
201706 52.573 98.500 60.152
201709 50.593 98.800 57.711
201712 37.966 99.400 43.046
201803 34.502 99.200 39.197
201806 31.712 99.200 36.028
201809 27.493 99.900 31.016
201812 25.617 99.700 28.957
201903 23.284 99.700 26.320
201906 20.586 99.800 23.247
201909 21.431 100.100 24.129
201912 21.450 100.500 24.054
202003 23.032 100.300 25.879
202006 24.242 99.900 27.348
202009 29.886 99.900 33.715
202012 31.630 99.300 35.898
202103 30.178 99.900 34.045
202106 29.074 99.500 32.931
202109 27.428 100.100 30.880
202112 26.771 100.100 30.141
202203 28.666 101.100 31.955
202206 27.045 101.800 29.941
202209 26.033 103.100 28.457
202212 23.816 104.100 25.784
202303 22.732 104.400 24.539
202306 22.646 105.200 24.260
202309 21.726 106.200 23.056
202312 22.879 106.800 24.143
202403 21.731 107.200 22.846
202409 19.624 108.900 20.309
202503 16.745 111.100 16.986
202506 15.174 111.700 15.310
202509 14.270 112.000 14.359
202512 12.951 113.000 12.917
202603 12.885 112.700 12.885

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?
Medinet Co (TSE:2370) has a Cyclically Adjusted PB Ratio of 0.70 as of Aug. 13, 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 Medinet Co and its competitors. This is 25% below median its historical median of 0.93. Over the past decade, Medinet Co's Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.82. According to the industry distribution chart, Medinet Co ranks #219 out of 694 companies in the Biotechnology industry, placing it in the top 31.6%.
Is Medinet Co's Cyclically Adjusted PB Ratio too high?
Medinet Co's current Cyclically Adjusted PB Ratio of 0.70 is 25% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.82. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.63. Medinet Co's value of 0.70 is 57.1% below this industry median. Based on the distribution chart, Medinet Co ranks #219 out of 694 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Medinet Co has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Medinet Co's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Medinet Co ranks #219 out of 694 companies for Cyclically Adjusted PB Ratio. This puts Medinet Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. Medinet Co's value of 0.70 is 57.1% below this benchmark. Historically, Medinet Co's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.82 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.63, Medinet Co 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.63, based on 694 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. Medinet Co's current Cyclically Adjusted PB Ratio of 0.70 is 57.1% 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 Medinet Co and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medinet Co's current Cyclically Adjusted PB Ratio is 0.70, which is 25% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medinet Co stock overvalued right now?
Based on GuruFocus' analysis, Medinet Co (TSE:2370) is currently considered Possible Value Trap. The stock's GF Value™ is 円41.69, compared to a current price of 円25.00 — trading 40% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 25% below median its 10-year median of 0.93 and 57.1% below the Biotechnology industry median of 1.63. Medinet Co's overall GF Score™ is 41/100 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 Medinet Co (TSE:2370), the current Cyclically Adjusted PB Ratio is 0.70 as of Aug. 13, 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 Medinet Co (TSE:2370) Overvalued in 2026?

Based on GuruFocus' analysis, Medinet Co stock appears to be undervalued. The current stock price of 円25.00 is trading 40% below its estimated GF Value™ of 円41.69. GuruFocus considers Medinet Co to be Possible Value Trap.

Key valuation signals for TSE:2370:

  • Cyclically Adjusted PB Ratio: 0.70 (25% below median its 10-year median of 0.93)
  • GF Value™: 円41.69 vs. price of 円25.00 (40% below fair value)
  • GF Score™: 41/100 with 6 warning signs
  • Industry Position: 57.1% below the Biotechnology median (#219 of 694)

No single metric tells the full story. See the TSE:2370 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medinet Co Business Description

Address 1-1 Heiwajima 6-chome, 9th Floor, TRC Center Building, Ota-ku, Yokohama, JPN, 143-0006
Medinet Co Ltd is a Japan-based Contract Development and Manufacturing Organization (CDMO). The company is engaged in the research and development of regenerative medical products, investigational products, and specified cell products. MEDINET is a one-stop regenerative medicine and cell therapy solution provider. It provides value chain solutions including personnel training, facility and equipment design, facility operations and management, preparation of standard operating procedures, logistics network, information system, purchasing and production management, quality management solutions to medical institutions, research institutions, and biopharmaceutical companies.
41GF Score

Get the complete analysis for TSE:2370

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

円25.00
Price
円41.69
GF Value