M3 (MEX:2413N) Cyclically Adjusted PS Ratio: 5.29 (As of Aug. 16, 2026) — 79% Below Median

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MEX:2413N M3 Inc MEX:2413N
76 GF Score
Price MXN183.50
GF Value MXN273.89
! 3 Warning Signs
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What is M3 Cyclically Adjusted PS Ratio?

M3 MEX:2413N 76 Cyclically Adjusted PS Ratio is 5.29 as of Aug. 16, 2026, which is 79% below its 10-year median of 25.23. GuruFocus rates MEX:2413N with a GF Score™ of 76/100 and a GF Value™ of MXN273.89. The stock has 3 warning signs investors should review. Among 360 Healthcare Providers & Services companies, M3 ranks worse than 88.89% on this metric.

As of today (2026-08-16), M3's current share price is MXN183.50. M3's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN34.71. M3's Cyclically Adjusted PS Ratio for today is 5.29.

The historical rank and industry rank for M3's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:2413N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.46   Med: 25.23   Max: 92.8
Current: 5.59

During the past years, M3's highest Cyclically Adjusted PS Ratio was 92.80. The lowest was 4.46. And the median was 25.23.

MEX:2413N's Cyclically Adjusted PS Ratio is ranked worse than
88.89% of 360 companies
in the Healthcare Providers & Services industry
Industry Median: 1.17 vs MEX:2413N: 5.59

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

M3's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN14.593. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN34.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


M3  (MEX:2413N) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


M3 Cyclically Adjusted PS Ratio Related Terms


M3 Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for M3's Cyclically Adjusted PS 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.

M3 Cyclically Adjusted PS Ratio Chart

M3 Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.88 17.92 9.82 6.56 5.29

M3 Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 7.33 8.48 7.17 5.29 0.00

MEX:2413N vs VEEV, BTSG, HQY: Cyclically Adjusted PS Ratio Comparison

For the Health Information Services subindustry, M3's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


M3 Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, M3's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where M3's Cyclically Adjusted PS Ratio falls into.


MEX:2413N
76GF Score
M3 Inc MEX:2413N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M3 Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

M3's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=183.50/34.71
=5.29

* 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.

M3's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, M3's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.593/112.7000*112.7000
=14.593

Current CPI (Mar. 2026) = 112.7000.

M3 Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.892 98.100 5.620
201609 4.930 98.000 5.670
201612 5.877 98.400 6.731
201703 5.621 98.100 6.458
201706 5.501 98.500 6.294
201709 5.303 98.800 6.049
201712 6.899 99.400 7.822
201803 6.849 99.200 7.781
201806 7.409 99.200 8.417
201809 6.790 99.900 7.660
201812 8.209 99.700 9.279
201903 7.911 99.700 8.943
201906 8.056 99.800 9.097
201909 8.323 100.100 9.371
201912 8.860 100.500 9.936
202003 11.120 100.300 12.495
202006 11.208 99.900 12.644
202009 12.180 99.900 13.741
202012 13.746 99.300 15.601
202103 12.579 99.900 14.191
202106 12.349 99.500 13.987
202109 14.079 100.100 15.851
202112 14.993 100.100 16.880
202203 13.345 101.100 14.876
202206 12.601 101.800 13.950
202209 11.494 103.100 12.564
202212 13.303 104.100 14.402
202303 11.050 104.400 11.928
202306 10.245 105.200 10.975
202309 10.127 106.200 10.747
202312 11.000 106.800 11.608
202403 9.731 107.200 10.230
202406 10.964 108.200 11.420
202409 12.263 108.900 12.691
202412 16.048 110.700 16.338
202503 16.039 111.100 16.270
202506 16.537 111.700 16.685
202509 15.479 112.000 15.576
202512 15.917 113.000 15.875
202603 14.593 112.700 14.593

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 5.29 mean?
M3 (MEX:2413N) has a Cyclically Adjusted PS Ratio of 5.29 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on M3 and its competitors. This is 79% below median its historical median of 25.23. Over the past decade, M3's Cyclically Adjusted PS Ratio has ranged from 4.46 to 92.80. According to the industry distribution chart, M3 ranks #320 out of 360 companies in the Healthcare Providers & Services industry, placing it in the top 88.9%.
Is M3's Cyclically Adjusted PS Ratio too high?
M3's current Cyclically Adjusted PS Ratio of 5.29 is 79% below median its 10-year median of 25.23. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 92.80. The Healthcare Providers & Services industry median Cyclically Adjusted PS Ratio is 1.17. M3's value of 5.29 is 352.1% above this industry median. Based on the distribution chart, M3 ranks #320 out of 360 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, M3 has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does M3's Cyclically Adjusted PS Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, M3 ranks #320 out of 360 companies for Cyclically Adjusted PS Ratio. This places M3 in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. M3's value of 5.29 is 352.1% above this benchmark. Historically, M3's own Cyclically Adjusted PS Ratio has ranged from 4.46 to 92.80 over the past decade. While the company's 10-year median is 25.23 vs. the industry median of 1.17, M3 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 PS Ratio for a Healthcare Providers & Services company?
The median Cyclically Adjusted PS Ratio among Healthcare Providers & Services companies is 1.17, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. M3's current Cyclically Adjusted PS Ratio of 5.29 is 352.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on M3 and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M3's current Cyclically Adjusted PS Ratio is 5.29, which is 79% below median its own 10-year median of 25.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M3 stock overvalued right now?
M3 (MEX:2413N) has a current Cyclically Adjusted PS Ratio of 5.29. The stock's GF Value™ is MXN273.89, compared to a current price of MXN183.50 — trading 33% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.29, which is 79% below median its 10-year median of 25.23 and 352.1% above the Healthcare Providers & Services industry median of 1.17. M3's overall GF Score™ is 76/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For M3 (MEX:2413N), the current Cyclically Adjusted PS Ratio is 5.29 as of Aug. 16, 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 M3 (MEX:2413N) Overvalued in 2026?

Based on GuruFocus' analysis, M3 stock appears to be undervalued. The current stock price of MXN183.50 is trading 33% below its estimated GF Value™ of MXN273.89.

Key valuation signals for MEX:2413N:

  • Cyclically Adjusted PS Ratio: 5.29 (79% below median its 10-year median of 25.23)
  • GF Value™: MXN273.89 vs. price of MXN183.50 (33% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 352.1% above the Healthcare Providers & Services median (#320 of 360)

No single metric tells the full story. See the MEX:2413N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


M3 Business Description

Address 1-11-44 Akasaka, Akasaka Intercity, 10th Floor, Minato-ku, Tokyo, JPN, 107-0052
M3 Inc is a Japan-based company engaged in providing medical-related services through internet-based platforms and real-world operations. The company operates six reportable segments: Medical Platform, Evidence Solutions, Career Solutions, Site Solutions, Patient Solutions, and Overseas. Its businesses include online marketing for medical professionals, clinical trial support, human resources services for medical professionals, operational support for medical institutions, and patient support services. The Overseas segment offers similar services internationally, including in the United States, the United Kingdom, China, South Korea, India, France, Germany, and Spain.
76GF Score

Get the complete analysis for MEX:2413N

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

MXN183.50
Price
MXN273.89
GF Value