Universal Health Services (BSP:U1HS34) Cyclically Adjusted PB Ratio: 1.86 (As of Sep. 11, 2026) — 29% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BSP:U1HS34 Universal Health Services Inc BSP:U1HS34
86 GF Score
Price R$220.35
GF Value R$304.53
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Universal Health Services Cyclically Adjusted PB Ratio?

Universal Health Services BSP:U1HS34 86 Cyclically Adjusted PB Ratio is 1.86 as of Sep. 11, 2026, which is 29% below its 10-year median of 2.63. GuruFocus rates BSP:U1HS34 with a GF Score™ of 86/100 and a GF Value™ of R$304.53 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 332 Healthcare Providers & Services companies, Universal Health Services ranks worse than 52.41% on this metric.

As of today (2026-09-11), Universal Health Services's current share price is R$220.35. Universal Health Services's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$118.55. Universal Health Services's Cyclically Adjusted PB Ratio for today is 1.86.

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

BSP:U1HS34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.63   Max: 4.62
Current: 1.92

During the past years, Universal Health Services's highest Cyclically Adjusted PB Ratio was 4.62. The lowest was 1.41. And the median was 2.63.

BSP:U1HS34's Cyclically Adjusted PB Ratio is ranked worse than
52.41% of 332 companies
in the Healthcare Providers & Services industry
Industry Median: 1.82 vs BSP:U1HS34: 1.92

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.

Universal Health Services's adjusted book value per share data for the three months ended in Jun. 2026 was R$163.318. 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 R$118.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Universal Health Services  (BSP:U1HS34) 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.


Universal Health Services Cyclically Adjusted PB Ratio Related Terms


Universal Health Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Universal Health Services'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.

Universal Health Services Cyclically Adjusted PB Ratio Chart

Universal Health Services 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 2.34 2.21 2.15 2.31 2.55

Universal Health Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.20 2.43 2.55 2.02 1.63

BSP:U1HS34 vs ENSG, DVA, EHC: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Universal Health Services'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.


Universal Health Services Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Universal Health Services's Cyclically Adjusted PB Ratio falls into.


BSP:U1HS34
86GF Score
Universal Health Services Inc BSP:U1HS34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Universal Health Services 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.

Universal Health Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=220.35/118.55
=1.86

* 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.

Universal Health Services's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Universal Health Services's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=163.318/333.9520*333.9520
=163.318

Current CPI (Jun. 2026) = 333.9520.

Universal Health Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 36.866 241.428 50.994
201612 39.337 241.432 54.411
201703 38.311 243.801 52.477
201706 41.451 244.955 56.511
201709 40.143 246.819 54.314
201712 43.619 246.524 59.088
201803 45.349 249.554 60.686
201806 53.705 251.989 71.173
201809 59.554 252.439 78.784
201812 57.276 251.233 76.134
201903 57.784 254.202 75.912
201906 58.748 256.143 76.594
201909 63.371 256.759 82.423
201912 65.138 256.974 84.650
202003 77.241 258.115 99.935
202006 86.852 257.797 112.509
202009 94.724 260.280 121.536
202012 95.517 260.474 122.462
202103 107.798 264.877 135.910
202106 97.993 271.696 120.447
202109 103.016 274.310 125.414
202112 111.675 278.802 133.766
202203 98.035 287.504 113.873
202206 100.557 296.311 113.331
202209 107.488 296.808 120.940
202212 109.926 296.797 123.687
202303 111.770 301.836 123.663
202306 106.442 305.109 116.504
202309 109.703 307.789 119.028
202312 112.117 306.746 122.061
202403 115.681 312.332 123.689
202406 130.874 314.175 139.112
202409 138.636 315.301 146.837
202412 156.480 315.605 165.577
202503 149.810 319.799 156.440
202506 153.158 322.561 158.567
202509 153.847 324.800 158.182
202512 162.512 324.054 167.476
202603 159.915 330.213 161.726
202606 163.318 333.952 163.318

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 1.86 mean?
Universal Health Services (BSP:U1HS34) has a Cyclically Adjusted PB Ratio of 1.86 as of Sep. 11, 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 Universal Health Services and its competitors. This is 29% below median its historical median of 2.63. Over the past decade, Universal Health Services' Cyclically Adjusted PB Ratio has ranged from 1.41 to 4.62. According to the industry distribution chart, Universal Health Services ranks #174 out of 332 companies in the Healthcare Providers & Services industry, placing it in the top 52.4%.
Is Universal Health Services' Cyclically Adjusted PB Ratio too high?
Universal Health Services' current Cyclically Adjusted PB Ratio of 1.86 is 29% below median its 10-year median of 2.63. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.62. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.82. Universal Health Services' value of 1.86 is 2.2% above this industry median. Based on the distribution chart, Universal Health Services ranks #174 out of 332 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Universal Health Services has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Health Services' Cyclically Adjusted PB Ratio compare to ENSG and DVA?
According to the Healthcare Providers & Services industry distribution chart, Universal Health Services ranks #174 out of 332 companies for Cyclically Adjusted PB Ratio. This places Universal Health Services in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Universal Health Services' value of 1.86 is 2.2% above this benchmark. Historically, Universal Health Services' own Cyclically Adjusted PB Ratio has ranged from 1.41 to 4.62 over the past decade. While the company's 10-year median is 2.63 vs. the industry median of 1.82, Universal Health Services 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.82, based on 332 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. Universal Health Services's current Cyclically Adjusted PB Ratio of 1.86 is 2.2% 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 Universal Health Services and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Health Services's current Cyclically Adjusted PB Ratio is 1.86, which is 29% below median its own 10-year median of 2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Health Services stock overvalued right now?
Based on GuruFocus' analysis, Universal Health Services (BSP:U1HS34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$304.53, compared to a current price of R$220.35 — trading 27.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.86, which is 29% below median its 10-year median of 2.63 and 2.2% above the Healthcare Providers & Services industry median of 1.82. Universal Health Services' overall GF Score™ is 86/100 with 1 warning sign 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 Universal Health Services (BSP:U1HS34), the current Cyclically Adjusted PB Ratio is 1.86 as of Sep. 11, 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 Universal Health Services (BSP:U1HS34) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Health Services stock appears to be undervalued. The current stock price of R$220.35 is trading 27.6% below its estimated GF Value™ of R$304.53. GuruFocus considers Universal Health Services to be Modestly Undervalued.

Key valuation signals for BSP:U1HS34:

  • Cyclically Adjusted PB Ratio: 1.86 (29% below median its 10-year median of 2.63)
  • GF Value™: R$304.53 vs. price of R$220.35 (27.6% below fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 2.2% above the Healthcare Providers & Services median (#174 of 332)

No single metric tells the full story. See the BSP:U1HS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Health Services Business Description

Address 367 South Gulph Road, Universal Corporate Center, P.O. Box 61558, King Of Prussia, PA, USA, 19406-0958
Universal Health Services Inc offers healthcare services through its behavioral health centers, acute care hospitals, and related outpatient facilities. As of late 2025, the company operated 346 inpatient behavioral health centers, 29 acute care hospitals, and many supportive outpatient facilities. Its operations are concentrated in the U.S, particularly in Nevada (21% of 2025 operating profits), Texas (19%), and California (13%), although it does have some exposure to the UK behavioral health market (6% of 2025 sales) too. While its acute care services account for over 55% of revenue, the behavioral health centers sport higher margins and account for over 55% of pretax profits.
86GF Score

Get the complete analysis for BSP:U1HS34

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

R$220.35
Price
R$304.53
GF Value