M3MTHRY +2.83%86 PB Ratio is 2.83 as of Jun. 27, 2026, which is 77% below its 10-year median of 12.38. GuruFocus rates MTHRY with a GF Score™ of 86/100 and a GF Value™ of $7.68 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 611 Healthcare Providers & Services companies, M3 ranks worse than 67.27% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-27), M3's share price is $5.45. M3's Book Value per Share for the quarter that ended in Mar. 2026 was $1.93. Hence, M3's PB Ratio of today is 2.83.
The historical rank and industry rank for M3's PB Ratio or its related term are showing as below:
MTHRY'
s PB Ratio Range Over the Past 10 Years
Min: 2.22 Med: 12.38 Max: 38.47
Current: 2.89
During the past 13 years, M3's highest PB Ratio was 38.47. The lowest was 2.22. And the median was 12.38.
MTHRY's PB Ratio is ranked worse than 67.27% of 611
companies
in the Healthcare Providers & Services industry
Industry Median: 1.98
vs MTHRY: 2.89
During the past 12 months, M3's average Book Value Per Share Growth Rate was 9.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 23.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of M3 was 38.60% per year. The lowest was 11.10% per year. And the median was 22.30% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
M3 PB Ratio Related Terms
M3 PB Ratio Historical Data
* Premium members only.
The historical data trend for M3's 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.
For the Health Information Services subindustry, M3's PB Ratio, along with its competitors' market caps and 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.
M3 PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, M3's PB Ratio distribution charts can be found below:
* The bar in red indicates where M3's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
M3 (MTHRY) has a PB Ratio of 2.83 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on M3 and its competitors. This is 77% below median its historical median of 12.38. Over the past decade, M3's PB Ratio has ranged from 2.22 to 38.47. According to the industry distribution chart, M3 ranks #411 out of 611 companies in the Healthcare Providers & Services industry, placing it in the top 67.3%.
Is M3's PB Ratio too high?
M3's current PB Ratio of 2.83 is 77% below median its 10-year median of 12.38. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 38.47. The Healthcare Providers & Services industry median PB Ratio is 1.98. M3's value of 2.83 is 42.9% above this industry median. Based on the distribution chart, M3 ranks #411 out of 611 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, M3 has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M3's PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, M3 ranks #411 out of 611 companies for PB Ratio. This places M3 in the lower half of its industry. The industry median PB Ratio is 1.98. M3's value of 2.83 is 42.9% above this benchmark. Historically, M3's own PB Ratio has ranged from 2.22 to 38.47 over the past decade. While the company's 10-year median is 12.38 vs. the industry median of 1.98, 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 PB Ratio for a Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 1.98, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. M3's current PB Ratio of 2.83 is 42.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on M3 and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M3's current PB Ratio is 2.83, which is 77% below median its own 10-year median of 12.38. 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?
Based on GuruFocus' analysis, M3 (MTHRY) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.68, compared to a current price of $5.45 — trading 29% below its estimated fair value. The current PB Ratio is 2.83, which is 77% below median its 10-year median of 12.38 and 42.9% above the Healthcare Providers & Services industry median of 1.98. M3's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For M3 (MTHRY), the current PB Ratio is 2.83 as of Jun. 27, 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 (MTHRY) Overvalued in 2026?
Based on GuruFocus' analysis, M3 stock appears to be undervalued.
The current stock price of $5.45 is trading 29% below its estimated GF Value™ of $7.68.
GuruFocus considers M3 to be Modestly Undervalued.
Key valuation signals for MTHRY:
PB Ratio: 2.83 (77% below median its 10-year median of 12.38)
GF Value™: $7.68 vs. price of $5.45 (29% below fair value)
Industry Position: 42.9% above the Healthcare Providers & Services median (#411 of 611)
No single metric tells the full story. See the MTHRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
86GF Score
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