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ICUI (ICU Medical) Cyclically Adjusted PB Ratio : 1.73 (As of Jul. 07, 2025)


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What is ICU Medical Cyclically Adjusted PB Ratio?

As of today (2025-07-07), ICU Medical's current share price is $135.44. ICU Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $78.33. ICU Medical's Cyclically Adjusted PB Ratio for today is 1.73.

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

ICUI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 4.32   Max: 9.42
Current: 1.73

During the past years, ICU Medical's highest Cyclically Adjusted PB Ratio was 9.42. The lowest was 1.18. And the median was 4.32.

ICUI's Cyclically Adjusted PB Ratio is ranked better than
54.42% of 498 companies
in the Medical Devices & Instruments industry
Industry Median: 1.92 vs ICUI: 1.73

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.

ICU Medical's adjusted book value per share data for the three months ended in Mar. 2025 was $80.764. 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 $78.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


ICU Medical Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ICU Medical'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.

* Premium members only.

ICU Medical Cyclically Adjusted PB Ratio Chart

ICU Medical Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.65 4.38 2.49 1.42 2.03

ICU Medical Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.48 1.60 2.42 2.03 1.77

Competitive Comparison of ICU Medical's Cyclically Adjusted PB Ratio

For the Medical Instruments & Supplies subindustry, ICU Medical'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.


ICU Medical's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

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

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


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ICU Medical 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.

ICU Medical's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=135.44/78.33
=1.73

* 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.

ICU Medical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, ICU Medical's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=80.764/134.9266*134.9266
=80.764

Current CPI (Mar. 2025) = 134.9266.

ICU Medical Quarterly Data

Book Value per Share CPI Adj_Book
201506 34.067 100.684 45.653
201509 35.557 100.392 47.789
201512 36.048 99.792 48.740
201603 37.073 100.470 49.787
201606 38.216 101.688 50.708
201609 39.767 101.861 52.676
201612 40.406 101.863 53.521
201703 57.672 102.862 75.650
201706 56.507 103.349 73.772
201709 57.032 104.136 73.895
201712 59.290 104.011 76.913
201803 60.577 105.290 77.628
201806 61.440 106.317 77.973
201809 61.512 106.507 77.926
201812 61.669 105.998 78.500
201903 62.230 107.251 78.289
201906 63.785 108.070 79.637
201909 64.841 108.329 80.761
201912 66.399 108.420 82.632
202003 66.069 108.902 81.858
202006 67.434 108.767 83.652
202009 69.259 109.815 85.097
202012 71.339 109.897 87.587
202103 71.761 111.754 86.641
202106 73.428 114.631 86.428
202109 74.864 115.734 87.279
202112 75.941 117.630 87.108
202203 91.229 121.301 101.477
202206 87.282 125.017 94.201
202209 83.940 125.227 90.442
202212 87.106 125.222 93.857
202303 87.284 127.348 92.478
202306 87.737 128.729 91.961
202309 86.928 129.860 90.320
202312 87.959 129.419 91.702
202403 84.869 131.776 86.898
202406 83.431 132.554 84.924
202409 83.756 133.029 84.951
202412 80.158 133.157 81.223
202503 80.764 134.927 80.764

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.


ICU Medical  (NAS:ICUI) 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.


ICU Medical Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of ICU Medical's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ICU Medical Business Description

Traded in Other Exchanges
N/A
Address
951 Calle Amanecer, San Clemente, CA, USA, 92673
ICU Medical is a California-based pure-play infusion therapy company that provides consumables, systems, and services for virtually every component of the IV continuum of care. ICU has become one of the largest players in its industry following its acquisition of Hospira Infusion Systems from Pfizer in 2017 and Smiths Medical from Smiths Group in 2022. It holds top-tier positions across its three reporting segments: consumables (43% of consolidated revenue), infusion systems (28%), and vital care (29%). The combined entity remains primarily US-focused, generating over 63% of its sales domestically.
Executives
Christian B. Voigtlander officer: Chief Operating Officer 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Elisha W Finney director C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
David C. Greenberg director 951 CALLE AMANECER, SAN CLEMENTE CA 92887
Vivek Jain director, officer: Chairman and CEO ICU MEDICAL, INC., 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Daniel Woolson officer: VP, GM-Infusion Capital ICU MEDICAL, INC., 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Virginia Ruth Sanzone officer: VP, General Counsel 951 CALLE AMANECER, SAN CLEMENTE CA 92673
George A Lopez director, officer: Chairman, other: Chairman C/O ICU MEDICAL, 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Smiths Group International Holdings Ltd 10 percent owner C/O SMITHS GROUP PLC, 11-12 ST. JAMES'S SQUARE, 4TH FLOOR, LONDON X0 SW1Y 4LB
Group Plc Smiths 10 percent owner 765 FINCHKEY ROAD, LONDON X0 00000
William Seeger director 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Kolleen T Kennedy director VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Robert S Swinney director C/O ICU MEDICAL, 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Laurie Hernandez director 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Brian Michael Bonnell officer: Chief Financial Officer ICU MEDICAL INC., 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Scott E Lamb officer: Controller ICU MEDICAL, INC., 951 CALLE AMANECER, SAN CLEMENTE CA 92673