Medexus Pharmaceuticals (TSX:MDP) Cyclically Adjusted PB Ratio: 3.05 (As of Jul. 15, 2026) — 59% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:MDP Medexus Pharmaceuticals Inc TSX:MDP
54 GF Score
Price C$5.13
GF Value C$1.86
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Medexus Pharmaceuticals Cyclically Adjusted PB Ratio?

Medexus Pharmaceuticals TSX:MDP +0.98% 54 Cyclically Adjusted PB Ratio is 3.05 as of Jul. 15, 2026, which is 59% above its 10-year median of 1.92. GuruFocus rates TSX:MDP with a GF Score™ of 54/100 and a GF Value™ of C$1.86 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 759 Drug Manufacturers companies, Medexus Pharmaceuticals ranks worse than 67.19% on this metric.

As of today (2026-07-15), Medexus Pharmaceuticals's current share price is C$5.13. Medexus Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$1.68. Medexus Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 3.05.

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

TSX:MDP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.92   Max: 11.37
Current: 3.09

During the past years, Medexus Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 11.37. The lowest was 0.79. And the median was 1.92.

TSX:MDP's Cyclically Adjusted PB Ratio is ranked worse than
67.19% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.82 vs TSX:MDP: 3.09

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.

Medexus Pharmaceuticals's adjusted book value per share data for the three months ended in Mar. 2026 was C$2.099. 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 C$1.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medexus Pharmaceuticals  (TSX:MDP) 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.


Medexus Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Medexus Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Medexus Pharmaceuticals'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.

Medexus Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Medexus Pharmaceuticals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.16 1.10 1.15 1.63 1.86

Medexus Pharmaceuticals 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 1.63 2.07 1.65 1.79 1.86

TSX:MDP vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Medexus Pharmaceuticals'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.


Medexus Pharmaceuticals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


TSX:MDP
54GF Score
Medexus Pharmaceuticals Inc TSX:MDP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medexus Pharmaceuticals 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.

Medexus Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.13/1.68
=3.05

* 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.

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

For example, Medexus Pharmaceuticals'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)
=2.099/132.2623*132.2623
=2.099

Current CPI (Mar. 2026) = 132.2623.

Medexus Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.894 102.002 1.159
201609 0.765 101.765 0.994
201612 0.571 101.449 0.744
201703 0.268 102.634 0.345
201706 0.922 103.029 1.184
201709 0.846 103.345 1.083
201712 0.705 103.345 0.902
201803 0.522 105.004 0.658
201806 0.410 105.557 0.514
201809 -0.193 105.636 -0.242
201812 3.828 105.399 4.804
201903 2.539 106.979 3.139
201906 2.357 107.690 2.895
201909 2.421 107.611 2.976
201912 2.152 107.769 2.641
202003 2.345 107.927 2.874
202006 1.900 108.401 2.318
202009 1.702 108.164 2.081
202012 0.380 108.559 0.463
202103 1.182 110.298 1.417
202106 0.731 111.720 0.865
202109 1.545 112.905 1.810
202112 1.485 113.774 1.726
202203 1.129 117.646 1.269
202206 1.127 120.806 1.234
202209 1.130 120.648 1.239
202212 1.041 120.964 1.138
202303 1.522 122.702 1.641
202306 1.489 124.203 1.586
202309 1.236 125.230 1.305
202312 1.622 125.072 1.715
202403 1.678 126.258 1.758
202406 1.826 127.522 1.894
202409 1.799 127.285 1.869
202412 1.909 127.364 1.982
202503 2.321 129.181 2.376
202506 2.244 129.892 2.285
202509 2.237 130.287 2.271
202512 2.229 130.366 2.261
202603 2.099 132.262 2.099

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 3.05 mean?
Medexus Pharmaceuticals (TSX:MDP) has a Cyclically Adjusted PB Ratio of 3.05 as of Jul. 15, 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 Medexus Pharmaceuticals and its competitors. This is 59% above median its historical median of 1.92. Over the past decade, Medexus Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 0.79 to 11.37. According to the industry distribution chart, Medexus Pharmaceuticals ranks #510 out of 759 companies in the Drug Manufacturers industry, placing it in the top 67.2%.
Is Medexus Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Medexus Pharmaceuticals' current Cyclically Adjusted PB Ratio of 3.05 is 59% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 11.37. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.82. Medexus Pharmaceuticals' value of 3.05 is 67.6% above this industry median. Based on the distribution chart, Medexus Pharmaceuticals ranks #510 out of 759 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Medexus Pharmaceuticals has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Medexus Pharmaceuticals' Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Medexus Pharmaceuticals ranks #510 out of 759 companies for Cyclically Adjusted PB Ratio. This places Medexus Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Medexus Pharmaceuticals' value of 3.05 is 67.6% above this benchmark. Historically, Medexus Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 0.79 to 11.37 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.82, Medexus Pharmaceuticals 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.82, based on 759 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. Medexus Pharmaceuticals's current Cyclically Adjusted PB Ratio of 3.05 is 67.6% 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 Medexus Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medexus Pharmaceuticals's current Cyclically Adjusted PB Ratio is 3.05, which is 59% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medexus Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Medexus Pharmaceuticals (TSX:MDP) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.86, compared to a current price of C$5.13 — trading 175.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.05, which is 59% above median its 10-year median of 1.92 and 67.6% above the Drug Manufacturers industry median of 1.82. Medexus Pharmaceuticals' overall GF Score™ is 54/100 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 Medexus Pharmaceuticals (TSX:MDP), the current Cyclically Adjusted PB Ratio is 3.05 as of Jul. 15, 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 Medexus Pharmaceuticals (TSX:MDP) Overvalued in 2026?

Based on GuruFocus' analysis, Medexus Pharmaceuticals stock appears to be overvalued. The current stock price of C$5.13 is trading 175.8% above its estimated GF Value™ of C$1.86. GuruFocus considers Medexus Pharmaceuticals to be Significantly Overvalued.

Key valuation signals for TSX:MDP:

  • Cyclically Adjusted PB Ratio: 3.05 (59% above median its 10-year median of 1.92)
  • GF Value™: C$1.86 vs. price of C$5.13 (175.8% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 67.6% above the Drug Manufacturers median (#510 of 759)

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


Medexus Pharmaceuticals Business Description

Other Exchanges MEDXF:USAP731:Germany
Address 10 King Street East, Suite 600, Toronto, ON, CAN, M5C 1C3
Medexus Pharmaceuticals Inc is a specialty pharmaceutical company with a powerful North American commercial platform and a growing portfolio of inventive and rare disease treatment solutions. The company's focus is on the therapeutic areas of oncology, hematology, rheumatology, auto-immune diseases, allergy, and dermatology. Medexus products are generally sold in North America to wholesalers, distributors, government agencies, healthcare facilities and specialty pharmacies.
54GF Score

Get the complete analysis for TSX:MDP

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

C$5.13
Price
C$1.86
GF Value