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United Therapeutics (BSP:U2TH34) Cyclically Adjusted PB Ratio : 3.49 (As of Jun. 04, 2025)


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What is United Therapeutics Cyclically Adjusted PB Ratio?

As of today (2025-06-04), United Therapeutics's current share price is R$102.50. United Therapeutics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$29.36. United Therapeutics's Cyclically Adjusted PB Ratio for today is 3.49.

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

BSP:U2TH34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.07   Max: 12.58
Current: 3.69

During the past years, United Therapeutics's highest Cyclically Adjusted PB Ratio was 12.58. The lowest was 2.27. And the median was 4.07.

BSP:U2TH34's Cyclically Adjusted PB Ratio is ranked worse than
72.58% of 693 companies
in the Drug Manufacturers industry
Industry Median: 1.94 vs BSP:U2TH34: 3.69

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.

United Therapeutics's adjusted book value per share data for the three months ended in Mar. 2025 was R$43.480. 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$29.36 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Therapeutics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Therapeutics'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.

United Therapeutics Cyclically Adjusted PB Ratio Chart

United Therapeutics 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 3.64 4.24 4.52 3.04 4.19

United Therapeutics 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 3.03 4.06 4.40 4.19 3.49

Competitive Comparison of United Therapeutics's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, United Therapeutics'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.


United Therapeutics's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, United Therapeutics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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United Therapeutics 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.

United Therapeutics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=102.50/29.36
=3.49

* 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.

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

For example, United Therapeutics'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)
=43.48/134.9266*134.9266
=43.480

Current CPI (Mar. 2025) = 134.9266.

United Therapeutics Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.543 100.684 4.748
201509 6.280 100.392 8.440
201512 6.736 99.792 9.108
201603 7.052 100.470 9.470
201606 7.069 101.688 9.380
201609 7.011 101.861 9.287
201612 7.226 101.863 9.572
201703 7.169 102.862 9.404
201706 6.737 103.349 8.795
201709 7.503 104.136 9.722
201712 8.008 104.011 10.388
201803 8.943 105.290 11.460
201806 11.105 106.317 14.093
201809 12.692 106.507 16.079
201812 12.422 105.998 15.812
201903 10.166 107.251 12.789
201906 11.248 108.070 14.043
201909 12.748 108.329 15.878
201912 13.002 108.420 16.181
202003 16.371 108.902 20.283
202006 18.093 108.767 22.444
202009 19.947 109.815 24.508
202012 19.623 109.897 24.092
202103 21.674 111.754 26.168
202106 20.384 114.631 23.993
202109 22.453 115.734 26.176
202112 24.815 117.630 28.464
202203 22.946 121.301 25.523
202206 23.959 125.017 25.858
202209 26.252 125.227 28.285
202212 27.329 125.222 29.447
202303 28.571 127.348 30.271
202306 27.991 128.729 29.339
202309 30.023 129.860 31.194
202312 31.169 129.419 32.495
202403 30.068 131.776 30.787
202406 34.539 132.554 35.157
202409 37.863 133.029 38.403
202412 43.848 133.157 44.431
202503 43.480 134.927 43.480

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.


United Therapeutics  (BSP:U2TH34) 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.


United Therapeutics Cyclically Adjusted PB Ratio Related Terms

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


United Therapeutics Business Description

Traded in Other Exchanges
Address
1000 Spring Street, Silver Spring, MD, USA, 20910
United Therapeutics Corp specializes in drug development for pulmonary arterial hypertension (PAH), a rare and progressive disease marked by abnormally high blood pressure in the arteries of the lungs. The company's therapies for PAH largely focus on the prostacyclin pathway, and many of its treatments are based on the same molecule, treprostinil. The company markets and sells the following commercial therapies in the United States to treat PAH: Tyvaso DPI (treprostinil) Inhalation Powder, Remodulin Injection, Orenitram (treprostinil) Extended-Release Tablets, Adcirca (tadalafil) Tablets, and Unituxin. In addition, it is developing a pipeline of projects that includes new indications and delivery devices for existing products and new products to treat PAH and other conditions.

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