Spire Healthcare Group (CHIX:SPIL) Cyclically Adjusted PB Ratio: 0.87 (As of Jul. 10, 2026) — 10% Below Median


CHIX:SPIL Spire Healthcare Group PLC CHIX:SPIL
75 GF Score
Price £2.17
GF Value £2.71
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Spire Healthcare Group Cyclically Adjusted PB Ratio?

Spire Healthcare Group CHIX:SPIL +0.70% 75 Cyclically Adjusted PB Ratio is 0.87 as of Jul. 10, 2026, which is 10% below its 10-year median of 0.97. GuruFocus rates CHIX:SPIL with a GF Score™ of 75/100 and a GF Value™ of £2.71 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 358 Healthcare Providers & Services companies, Spire Healthcare Group ranks better than 73.46% on this metric.

As of today (2026-07-10), Spire Healthcare Group's current share price is £2.17. Spire Healthcare Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £2.49. Spire Healthcare Group's Cyclically Adjusted PB Ratio for today is 0.87.

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

CHIX:SPIl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.97   Max: 1.8
Current: 0.88

During the past 13 years, Spire Healthcare Group's highest Cyclically Adjusted PB Ratio was 1.80. The lowest was 0.57. And the median was 0.97.

CHIX:SPIl's Cyclically Adjusted PB Ratio is ranked better than
73.46% of 358 companies
in the Healthcare Providers & Services industry
Industry Median: 1.82 vs CHIX:SPIl: 0.88

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.

Spire Healthcare Group's adjusted book value per share data of for the fiscal year that ended in Dec25 was £1.854. 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 £2.49 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spire Healthcare Group  (CHIX:SPIl) 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.


Spire Healthcare Group Cyclically Adjusted PB Ratio Related Terms


Spire Healthcare Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spire Healthcare Group'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.

Spire Healthcare Group Cyclically Adjusted PB Ratio Chart

Spire Healthcare Group 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 1.41 1.01 0.87 0.88 0.67

Spire Healthcare Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.87 0.00 0.88 0.00 0.67

CHIX:SPIL vs HCA, THC, DVA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Spire Healthcare Group'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.


Spire Healthcare Group Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Spire Healthcare Group's Cyclically Adjusted PB Ratio falls into.


CHIX:SPIL
75GF Score
Spire Healthcare Group PLC CHIX:SPIL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Spire Healthcare Group 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.

Spire Healthcare Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.17/2.49
=0.87

* 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.

Spire Healthcare Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Spire Healthcare Group's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.854/139.9000*139.9000
=1.854

Current CPI (Dec25) = 139.9000.

Spire Healthcare Group Annual Data

Book Value per Share CPI Adj_Book
201612 2.581 102.200 3.533
201712 2.403 105.000 3.202
201812 2.365 107.100 3.089
201912 2.343 108.500 3.021
202012 1.762 109.400 2.253
202112 1.770 114.700 2.159
202212 1.809 125.300 2.020
202312 1.832 130.500 1.964
202412 1.860 135.100 1.926
202512 1.854 139.900 1.854

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 0.87 mean?
Spire Healthcare Group (CHIX:SPIL) has a Cyclically Adjusted PB Ratio of 0.87 as of Jul. 10, 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 Spire Healthcare Group and its competitors. This is 10% below median its historical median of 0.97. Over the past decade, Spire Healthcare Group's Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.80. According to the industry distribution chart, Spire Healthcare Group ranks #95 out of 358 companies in the Healthcare Providers & Services industry, placing it in the top 26.5%.
Is Spire Healthcare Group's Cyclically Adjusted PB Ratio too high?
Spire Healthcare Group's current Cyclically Adjusted PB Ratio of 0.87 is 10% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.80. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.82. Spire Healthcare Group's value of 0.87 is 52.2% below this industry median. Based on the distribution chart, Spire Healthcare Group ranks #95 out of 358 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Spire Healthcare Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spire Healthcare Group's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Spire Healthcare Group ranks #95 out of 358 companies for Cyclically Adjusted PB Ratio. This puts Spire Healthcare Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Spire Healthcare Group's value of 0.87 is 52.2% below this benchmark. Historically, Spire Healthcare Group's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 1.80 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.82, Spire Healthcare Group has consistently been below 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 358 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. Spire Healthcare Group's current Cyclically Adjusted PB Ratio of 0.87 is 52.2% below 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 Spire Healthcare Group 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. Spire Healthcare Group's current Cyclically Adjusted PB Ratio is 0.87, which is 10% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spire Healthcare Group stock overvalued right now?
Based on GuruFocus' analysis, Spire Healthcare Group (CHIX:SPIL) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.71, compared to a current price of £2.17 — trading 19.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.87, which is 10% below median its 10-year median of 0.97 and 52.2% below the Healthcare Providers & Services industry median of 1.82. Spire Healthcare Group's overall GF Score™ is 75/100 with 7 warning signs 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 Spire Healthcare Group (CHIX:SPIL), the current Cyclically Adjusted PB Ratio is 0.87 as of Jul. 10, 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 Spire Healthcare Group (CHIX:SPIL) Overvalued in 2026?

Based on GuruFocus' analysis, Spire Healthcare Group stock appears to be undervalued. The current stock price of £2.17 is trading 19.9% below its estimated GF Value™ of £2.71. GuruFocus considers Spire Healthcare Group to be Modestly Undervalued.

Key valuation signals for CHIX:SPIL:

  • Cyclically Adjusted PB Ratio: 0.87 (10% below median its 10-year median of 0.97)
  • GF Value™: £2.71 vs. price of £2.17 (19.9% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 52.2% below the Healthcare Providers & Services median (#95 of 358)

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


Spire Healthcare Group Business Description

Other Exchanges SPI:UKS00:Germany
Address 3 Dorset Rise, London, GBR, EC4Y 8EN
Spire Healthcare Group PLC is an independent hospital group in the United Kingdom. It is a private provider, by volume, of knee and hip operations in the United Kingdom. The company has two operating segments: the hospitals business and the Primary care. The company generates the majority of its revenue from Hospital Business, which consists of hospitals, clinics, medical centres and consulting rooms. The company provide diagnostics, inpatient, day case and outpatient care in areas including orthopaedics, gynaecology, cardiology, neurology, oncology and general surgery. The primary care segment encompasses services focused on the primary care needs of outpatients, including GP services, occupational health services or mental and physical health services.
75GF Score

Get the complete analysis for CHIX:SPIL

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

£2.17
Price
£2.71
GF Value