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US Physical Therapy (US Physical Therapy) Cyclically Adjusted PB Ratio : 4.72 (As of Apr. 30, 2024)


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What is US Physical Therapy Cyclically Adjusted PB Ratio?

As of today (2024-04-30), US Physical Therapy's current share price is $101.59. US Physical Therapy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $21.51. US Physical Therapy's Cyclically Adjusted PB Ratio for today is 4.72.

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

USPH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.58   Med: 5.9   Max: 10.96
Current: 4.74

During the past years, US Physical Therapy's highest Cyclically Adjusted PB Ratio was 10.96. The lowest was 3.58. And the median was 5.90.

USPH's Cyclically Adjusted PB Ratio is ranked worse than
77.3% of 304 companies
in the Healthcare Providers & Services industry
Industry Median: 1.96 vs USPH: 4.74

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.

US Physical Therapy's adjusted book value per share data for the three months ended in Dec. 2023 was $31.773. 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 $21.51 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


US Physical Therapy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for US Physical Therapy'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.

US Physical Therapy Cyclically Adjusted PB Ratio Chart

US Physical Therapy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.47 8.17 5.64 4.23 4.33

US Physical Therapy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.23 4.95 5.93 4.34 4.33

Competitive Comparison of US Physical Therapy's Cyclically Adjusted PB Ratio

For the Medical Care Facilities subindustry, US Physical Therapy'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.


US Physical Therapy's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where US Physical Therapy's Cyclically Adjusted PB Ratio falls into.



US Physical Therapy 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.

US Physical Therapy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=101.59/21.51
=4.72

* 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.

US Physical Therapy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, US Physical Therapy's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=31.773/129.4194*129.4194
=31.773

Current CPI (Dec. 2023) = 129.4194.

US Physical Therapy Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.733 99.695 13.933
201406 11.177 100.560 14.385
201409 11.549 100.428 14.883
201412 11.919 99.070 15.570
201503 12.105 99.621 15.726
201506 12.502 100.684 16.070
201509 12.796 100.392 16.496
201512 13.771 99.792 17.859
201603 13.381 100.470 17.237
201606 13.891 101.688 17.679
201609 14.279 101.861 18.142
201612 14.982 101.863 19.035
201703 15.209 102.862 19.136
201706 15.486 103.349 19.392
201709 15.776 104.136 19.606
201712 16.266 104.011 20.240
201803 16.336 105.290 20.080
201806 16.681 106.317 20.306
201809 16.704 106.507 20.298
201812 17.024 105.998 20.786
201903 17.222 107.251 20.782
201906 17.946 108.070 21.491
201909 18.434 108.329 22.023
201912 18.807 108.420 22.450
202003 18.768 108.902 22.304
202006 19.875 108.767 23.649
202009 20.616 109.815 24.296
202012 21.489 109.897 25.306
202103 21.415 111.754 24.800
202106 21.992 114.631 24.829
202109 22.444 115.734 25.098
202112 22.895 117.630 25.190
202203 23.167 121.301 24.718
202206 23.621 125.017 24.453
202209 24.393 125.227 25.210
202212 24.289 125.222 25.103
202303 24.349 127.348 24.745
202306 32.594 128.729 32.769
202309 32.826 129.860 32.715
202312 31.773 129.419 31.773

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.


US Physical Therapy  (NYSE:USPH) 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.


US Physical Therapy Cyclically Adjusted PB Ratio Related Terms

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


US Physical Therapy (US Physical Therapy) Business Description

Traded in Other Exchanges
Address
1300 West Sam Houston Parkway South, Suite 300, Houston, TX, USA, 77042
US Physical Therapy Inc through its subsidiaries operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal sources of payment for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.
Executives
Clayton Trier director 1300 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 300, HOUSTON TX 77042
Kathleen A Gilmartin director 1300 W SAM HOUSTON PKWY S, SUITE 300, HOUSTON TX 77042
Nancy Ham director U.S. PHYSICAL THERAPY INC., 1300 W SAM HOUSTON PARKWAY - SUITE 100, HOUSTON TX 77042
Richard Binstein officer: EVP Gen'l Counsel & Secretary 3733 ROSEMONT PASS, NEWTOWN SQUARE PA 19037
Edward L Kuntz director
Graham D. Reeve officer: COO 1300 W. SAM HOUSTON PARKWAY, SUITE 300, HOUSTON TX 77042
Harris Bernard A Jr director 3411 ERIN KNOLL CT, HOUSTON TX 77059
Carey P Hendrickson officer: Chief Financial Officer, other: Effective 11/9/2020 400 S. RECORD STREET, DALLAS TX 75202
Eric Joseph Williams officer: Chief Operations Officer 1300 SAM HOUSTON PARKWAY W, SUITE 300, HOUSTON TX 77042
Harry S Chapman director 4626 DRAKE FALLS COURT, KATY TX 77450
Christopher J Reading officer: Chief Operating Officer
Mark J Brookner director 1300 W SAM HOUSTON PARKWAY S, STE 300, HOUSTON TX 77042
Regg E. Swanson director, Director 1737 BURKE HOLLOW ROAD, NOLENSVILLE TN 37037
Anne Motsenbocker director 1300 W SAM HOUSTON PARKWAY, SUITE 300, HOUSTON TX 77042
Glenn Mcdowell officer: Chief Operating Officer 1300 W. SAM HOUSTON PKWY S., SUITE 300, HOUSTON TX 77042

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