Medrx Co (TSE:4586) Cyclically Adjusted PB Ratio: 0.38 (As of Aug. 07, 2026) — 21% Below Median

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TSE:4586 Medrx Co Ltd TSE:4586
64 GF Score
Price 円68.00
GF Value 円70.57
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Medrx Co Cyclically Adjusted PB Ratio?

Medrx Co TSE:4586 -1.45% 64 Cyclically Adjusted PB Ratio is 0.38 as of Aug. 07, 2026, which is 21% below its 10-year median of 0.48. GuruFocus rates TSE:4586 with a GF Score™ of 64/100 and a GF Value™ of 円70.57 (Fairly Valued). The stock has 3 warning signs investors should review. Among 736 Drug Manufacturers companies, Medrx Co ranks better than 90.49% on this metric.

As of today (2026-08-07), Medrx Co's current share price is 円68.00. Medrx Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was 円179.90. Medrx Co's Cyclically Adjusted PB Ratio for today is 0.38.

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

TSE:4586' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.48   Max: 1.03
Current: 0.35

During the past years, Medrx Co's highest Cyclically Adjusted PB Ratio was 1.03. The lowest was 0.27. And the median was 0.48.

TSE:4586's Cyclically Adjusted PB Ratio is ranked better than
90.49% of 736 companies
in the Drug Manufacturers industry
Industry Median: 1.75 vs TSE:4586: 0.35

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.

Medrx Co's adjusted book value per share data for the three months ended in Dec. 2025 was 円34.515. 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179.90 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medrx Co  (TSE:4586) 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.


Medrx Co Cyclically Adjusted PB Ratio Related Terms


Medrx Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Medrx 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.

Medrx Co Cyclically Adjusted PB Ratio Chart

Medrx Co 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 0.32 0.60 0.38 0.60

Medrx Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.38 0.38 0.39 0.60 0.00

TSE:4586 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Medrx 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.


Medrx Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


TSE:4586
64GF Score
Medrx Co Ltd TSE:4586
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medrx 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.00/179.90
=0.38

* 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.

Medrx Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Medrx Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=34.515/113.0000*113.0000
=34.515

Current CPI (Dec. 2025) = 113.0000.

Medrx Co Quarterly Data

Book Value per Share CPI Adj_Book
201509 448.291 98.500 514.283
201512 402.392 98.100 463.510
201603 382.579 97.900 441.588
201606 343.623 98.100 395.814
201609 327.876 98.000 378.061
201612 294.364 98.400 338.040
201703 272.654 98.100 314.066
201706 239.228 98.500 274.444
201709 212.171 98.800 242.665
201712 228.803 99.400 260.108
201803 293.632 99.200 334.480
201806 277.422 99.200 316.015
201809 241.368 99.900 273.019
201812 208.597 99.700 236.424
201903 187.007 99.700 211.954
201906 187.473 99.800 212.269
201909 161.413 100.100 182.214
201912 140.063 100.500 157.484
202003 129.396 100.300 145.780
202006 104.928 99.900 118.687
202009 104.868 99.900 118.619
202012 110.496 99.300 125.741
202103 98.911 99.900 111.881
202106 94.917 99.500 107.795
202109 92.548 100.100 104.475
202112 79.508 100.100 89.754
202203 71.558 101.100 79.981
202206 64.202 101.800 71.265
202209 54.883 103.100 60.153
202212 42.967 104.100 46.640
202303 37.538 104.400 40.630
202306 47.729 105.200 51.268
202309 56.899 106.200 60.542
202312 50.169 106.800 53.081
202403 47.839 107.200 50.427
202406 56.603 108.200 59.114
202412 45.689 110.700 46.638
202503 36.413 111.100 37.036
202506 34.995 111.700 35.402
202512 34.515 113.000 34.515

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 0.38 mean?
Medrx Co (TSE:4586) has a Cyclically Adjusted PB Ratio of 0.38 as of Aug. 07, 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 Medrx Co and its competitors. This is 21% below median its historical median of 0.48. Over the past decade, Medrx Co's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.03. According to the industry distribution chart, Medrx Co ranks #70 out of 736 companies in the Drug Manufacturers industry, placing it in the top 9.5%.
Is Medrx Co's Cyclically Adjusted PB Ratio too high?
Medrx Co's current Cyclically Adjusted PB Ratio of 0.38 is 21% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.03. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.75. Medrx Co's value of 0.38 is 78.3% below this industry median. Based on the distribution chart, Medrx Co ranks #70 out of 736 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Medrx Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Medrx Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Medrx Co ranks #70 out of 736 companies for Cyclically Adjusted PB Ratio. This places Medrx Co in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.75. Medrx Co's value of 0.38 is 78.3% below this benchmark. Historically, Medrx Co's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.03 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.75, Medrx 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.75, based on 736 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. Medrx Co's current Cyclically Adjusted PB Ratio of 0.38 is 78.3% 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 Medrx Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medrx Co's current Cyclically Adjusted PB Ratio is 0.38, which is 21% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medrx Co stock overvalued right now?
Based on GuruFocus' analysis, Medrx Co (TSE:4586) is currently considered Fairly Valued. The stock's GF Value™ is 円70.57, compared to a current price of 円68.00 — trading 3.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.38, which is 21% below median its 10-year median of 0.48 and 78.3% below the Drug Manufacturers industry median of 1.75. Medrx Co's overall GF Score™ is 64/100 with 3 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 Medrx Co (TSE:4586), the current Cyclically Adjusted PB Ratio is 0.38 as of Aug. 07, 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 Medrx Co (TSE:4586) Overvalued in 2026?

Based on GuruFocus' analysis, Medrx Co stock appears to be undervalued. The current stock price of 円68.00 is trading 3.6% below its estimated GF Value™ of 円70.57. GuruFocus considers Medrx Co to be Fairly Valued.

Key valuation signals for TSE:4586:

  • Cyclically Adjusted PB Ratio: 0.38 (21% below median its 10-year median of 0.48)
  • GF Value™: 円70.57 vs. price of 円68.00 (3.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 78.3% below the Drug Manufacturers median (#70 of 736)

No single metric tells the full story. See the TSE:4586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medrx Co Business Description

Address 431-7 Nishiyama, Higashikagawa, Kagawa, JPN, 769-2712
Medrx Co Ltd is a pharmaceutical drug development company founded in January, 2002. The Company engaged in the research and development of pharmaceutical products utilizing the pharmaceutical formulation technology based on ionic liquid transdermal system. The Company develops new pharmaceutical candidates and licenses other companies to produce the pharmaceuticals after clinical trials. Its main products include analgesic patches for anti-inflammatory and pain relief.
64GF Score

Get the complete analysis for TSE:4586

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

円68.00
Price
円70.57
GF Value