DVA (DaVita) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DVA DaVita Inc DVA
91 GF Score
Price $183.86
GF Value $196.07
Valuation Fairly Valued
! 6 Warning Signs
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What is DaVita Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DaVita  (NYSE:DVA) 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.


DaVita Cyclically Adjusted PB Ratio Related Terms


DaVita Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DaVita'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.

DaVita Cyclically Adjusted PB Ratio Chart

DaVita 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 3.66 2.28 3.11 4.48 3.54

DaVita 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 4.18 3.93 3.42 4.62 6.72

DVA vs EHC, UHS, ENSG: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, DaVita'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.


DaVita Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


DVA
91GF Score
DaVita Inc DVA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DaVita 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.

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

For example, DaVita'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)
=18.385/333.9520*333.9520
=18.385

Current CPI (Jun. 2026) = 333.9520.

DaVita Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.338 241.428 41.965
201612 29.930 241.432 41.400
201703 32.480 243.801 44.490
201706 32.854 244.955 44.791
201709 31.686 246.819 42.872
201712 32.321 246.524 43.783
201803 32.593 249.554 43.616
201806 32.383 251.989 42.916
201809 30.688 252.439 40.597
201812 30.249 251.233 40.209
201903 31.429 254.202 41.289
201906 33.007 256.143 43.034
201909 28.446 256.759 36.998
201912 27.809 256.974 36.139
202003 27.596 258.115 35.704
202006 29.313 257.797 37.972
202009 26.870 260.280 34.476
202012 26.350 260.474 33.783
202103 25.985 264.877 32.761
202106 27.352 271.696 33.619
202109 26.685 274.310 32.487
202112 24.370 278.802 29.191
202203 25.295 287.504 29.382
202206 23.437 296.311 26.414
202209 23.005 296.808 25.884
202212 24.608 296.797 27.689
202303 26.682 301.836 29.521
202306 28.811 305.109 31.535
202309 30.922 307.789 33.550
202312 30.885 306.746 33.624
202403 30.056 312.332 32.137
202406 26.986 314.175 28.685
202409 26.865 315.301 28.454
202412 25.968 315.605 27.478
202503 21.481 319.799 22.432
202506 20.925 322.561 21.664
202509 18.890 324.800 19.422
202512 16.899 324.054 17.415
202603 15.837 330.213 16.016
202606 18.385 333.952 18.385

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.

Is DaVita (DVA) Overvalued in 2026?

Based on GuruFocus' analysis, DaVita stock appears to be undervalued. The current stock price of $183.86 is trading 6.2% below its estimated GF Value™ of $196.07. GuruFocus considers DaVita to be Fairly Valued.

Key valuation signals for DVA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $196.07 vs. price of $183.86 (6.2% below fair value)
  • GF Score™: 91/100 with 6 warning signs

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


DaVita Business Description

Address 2000 16th Street, Denver, CO, USA, 80202
DaVita is one of the largest providers of dialysis services in the United States, boasting a market share of about 35%. The firm operates over 3,200 facilities worldwide, mostly in the US, and treats about 300,000 patients annually. Government payers dominate US dialysis reimbursement. DaVita receives about two-thirds of US sales at government (primarily Medicare) reimbursement rates, with the remainder coming from commercial insurers. While commercial insurers represent only about 10% of US patients treated, they represent nearly all of the profits generated by DaVita in the US dialysis business.
91GF Score

Get the complete analysis for DVA

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

$183.86
Price
$196.07
GF Value