Median Technologies (XPAR:ALMDT) Cyclically Adjusted PB Ratio: 15.95 (As of Aug. 12, 2026) — 234% 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.

XPAR:ALMDT Median Technologies XPAR:ALMDT
34 GF Score
Price €4.63
GF Value €1.74
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Median Technologies Cyclically Adjusted PB Ratio?

Median Technologies XPAR:ALMDT +10.12% 34 Cyclically Adjusted PB Ratio is 15.95 as of Aug. 12, 2026, which is 234% above its 10-year median of 4.77. GuruFocus rates XPAR:ALMDT with a GF Score™ of 34/100 and a GF Value™ of €1.74 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 519 Medical Devices & Instruments companies, Median Technologies ranks worse than 95.95% on this metric.

As of today (2026-08-12), Median Technologies's current share price is €4.625. Median Technologies's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €0.29. Median Technologies's Cyclically Adjusted PB Ratio for today is 15.95.

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

XPAR:ALMDT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 4.77   Max: 18.83
Current: 14.47

During the past 13 years, Median Technologies's highest Cyclically Adjusted PB Ratio was 18.83. The lowest was 0.73. And the median was 4.77.

XPAR:ALMDT's Cyclically Adjusted PB Ratio is ranked worse than
95.95% of 519 companies
in the Medical Devices & Instruments industry
Industry Median: 1.86 vs XPAR:ALMDT: 14.47

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.

Median Technologies's adjusted book value per share data of for the fiscal year that ended in Dec25 was €-0.958. 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 €0.29 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Median Technologies  (XPAR:ALMDT) 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.


Median Technologies Cyclically Adjusted PB Ratio Related Terms


Median Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Median Technologies'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.

Median Technologies Cyclically Adjusted PB Ratio Chart

Median Technologies 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 13.29 8.27 4.56 5.43 16.45

Median Technologies Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.56 0.00 5.43 0.00 16.45

XPAR:ALMDT vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Median Technologies'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.


Median Technologies Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Median Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XPAR:ALMDT
34GF Score
Median Technologies XPAR:ALMDT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Median Technologies 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.

Median Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.625/0.29
=15.95

* 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.

Median Technologies's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Median Technologies's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.958/120.9000*120.9000
=-0.958

Current CPI (Dec25) = 120.9000.

Median Technologies Annual Data

Book Value per Share CPI Adj_Book
201612 3.334 100.650 4.005
201712 2.082 101.850 2.471
201812 0.754 103.470 0.881
201912 0.106 104.980 0.122
202012 -0.941 104.960 -1.084
202112 0.320 107.850 0.359
202212 -0.460 114.160 -0.487
202312 -0.560 118.390 -0.572
202412 -1.844 119.950 -1.859
202512 -0.958 120.900 -0.958

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 15.95 mean?
Median Technologies (XPAR:ALMDT) has a Cyclically Adjusted PB Ratio of 15.95 as of Aug. 12, 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 Median Technologies and its competitors. This is 234% above median its historical median of 4.77. Over the past decade, Median Technologies' Cyclically Adjusted PB Ratio has ranged from 0.73 to 18.83. According to the industry distribution chart, Median Technologies ranks #498 out of 519 companies in the Medical Devices & Instruments industry, placing it in the top 96%.
Is Median Technologies' Cyclically Adjusted PB Ratio too high?
Median Technologies' current Cyclically Adjusted PB Ratio of 15.95 is 234% above median its 10-year median of 4.77. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 18.83. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.86. Median Technologies' value of 15.95 is 757.5% above this industry median. Based on the distribution chart, Median Technologies ranks #498 out of 519 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Median Technologies has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Median Technologies' Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Median Technologies ranks #498 out of 519 companies for Cyclically Adjusted PB Ratio. This places Median Technologies in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.86. Median Technologies' value of 15.95 is 757.5% above this benchmark. Historically, Median Technologies' own Cyclically Adjusted PB Ratio has ranged from 0.73 to 18.83 over the past decade. While the company's 10-year median is 4.77 vs. the industry median of 1.86, Median Technologies 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 1.86, based on 519 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. Median Technologies's current Cyclically Adjusted PB Ratio of 15.95 is 757.5% 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 Median Technologies and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Median Technologies's current Cyclically Adjusted PB Ratio is 15.95, which is 234% above median its own 10-year median of 4.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Median Technologies stock overvalued right now?
Based on GuruFocus' analysis, Median Technologies (XPAR:ALMDT) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.74, compared to a current price of €4.63 — trading 165.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 15.95, which is 234% above median its 10-year median of 4.77 and 757.5% above the Medical Devices & Instruments industry median of 1.86. Median Technologies' overall GF Score™ is 34/100 with 8 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 Median Technologies (XPAR:ALMDT), the current Cyclically Adjusted PB Ratio is 15.95 as of Aug. 12, 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 Median Technologies (XPAR:ALMDT) Overvalued in 2026?

Based on GuruFocus' analysis, Median Technologies stock appears to be overvalued. The current stock price of €4.63 is trading 165.8% above its estimated GF Value™ of €1.74. GuruFocus considers Median Technologies to be Significantly Overvalued.

Key valuation signals for XPAR:ALMDT:

  • Cyclically Adjusted PB Ratio: 15.95 (234% above median its 10-year median of 4.77)
  • GF Value™: €1.74 vs. price of €4.63 (165.8% above fair value)
  • GF Score™: 34/100 with 8 warning signs
  • Industry Position: 757.5% above the Medical Devices & Instruments median (#498 of 519)

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


Median Technologies Business Description

Other Exchanges 4ZG:Germany
Address 1800 Route Des Cretes, Les Deux Arcs, Building B, Valbonne, FRA, 06560
Median Technologies is engaged in providing medical imaging products and services for diagnosing and monitoring cancer patients in both routine clinical practice and clinical drug development. The company focuses on the oncology clinical trials market and the cancer patient care market. The company has two platforms, iSee for imaging services in clinical trials and eyonis for non-invasive diagnostic tests based on imaging for the treatment of patients suffering from cancer. Its revenue is generated from contracts for providing imaging services for oncology clinical trials using dedicated software. Geographically, the company generates revenue from EMEA, the USA/Canada, and China.
34GF Score

Get the complete analysis for XPAR:ALMDT

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

€4.63
Price
€1.74
GF Value