EHTH (eHealth) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.

EHTH eHealth Inc EHTH
49 GF Score
Price $1.35
GF Value $4.34
Valuation Possible Value Trap
! 4 Warning Signs
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What is eHealth Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


eHealth  (NAS:EHTH) 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.


eHealth Cyclically Adjusted PB Ratio Related Terms


eHealth Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for eHealth'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.

eHealth Cyclically Adjusted PB Ratio Chart

eHealth 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 1.73 0.28 0.46 0.46 0.21

eHealth 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 0.20 0.19 0.21 0.06 0.06

EHTH vs XHG, QDMI, HUIZ: Cyclically Adjusted PB Ratio Comparison

For the Insurance Brokers subindustry, eHealth'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.


eHealth Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, eHealth's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


EHTH
49GF Score
eHealth Inc EHTH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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eHealth 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.

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

For example, eHealth'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)
=17.017/333.9520*333.9520
=17.017

Current CPI (Jun. 2026) = 333.9520.

eHealth Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.049 241.428 6.984
201612 4.227 241.432 5.847
201703 6.128 243.801 8.394
201706 5.294 244.955 7.217
201709 4.252 246.819 5.753
201712 15.377 246.524 20.830
201803 15.297 249.554 20.470
201806 14.615 251.989 19.369
201809 14.189 252.439 18.771
201812 15.596 251.233 20.731
201903 19.684 254.202 25.859
201906 19.454 256.143 25.364
201909 18.739 256.759 24.373
201912 22.785 256.974 29.610
202003 30.914 258.115 39.997
202006 30.849 257.797 39.962
202009 30.021 260.280 38.518
202012 32.308 260.474 41.422
202103 32.358 264.877 40.796
202106 31.784 271.696 39.067
202109 29.514 274.310 35.931
202112 28.084 278.802 33.639
202203 26.687 287.504 30.998
202206 24.832 296.311 27.986
202209 23.163 296.808 26.062
202212 23.618 296.797 26.575
202303 22.697 301.836 25.112
202306 21.468 305.109 23.497
202309 19.833 307.789 21.519
202312 21.168 306.746 23.045
202403 20.095 312.332 21.486
202406 18.732 314.175 19.911
202409 16.904 315.301 17.904
202412 19.715 315.605 20.861
202503 19.373 319.799 20.230
202506 18.202 322.561 18.845
202509 16.748 324.800 17.220
202512 19.087 324.054 19.670
202603 18.481 330.213 18.690
202606 17.017 333.952 17.017

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 eHealth (EHTH) Overvalued in 2026?

Based on GuruFocus' analysis, eHealth stock appears to be undervalued. The current stock price of $1.35 is trading 68.9% below its estimated GF Value™ of $4.34. GuruFocus considers eHealth to be Possible Value Trap.

Key valuation signals for EHTH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $4.34 vs. price of $1.35 (68.9% below fair value)
  • GF Score™: 49/100 with 4 warning signs

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


eHealth Business Description

Other Exchanges M5V:Germany
Address 9190 Priority Way West Drive, Suite 110, Indianapolis, IN, USA, 46240
eHealth Inc is a company involved in private health insurance marketplace with a technology and service platform that provides consumer engagement, education and health insurance enrollment solutions. The company operates its business in two segments: Medicare which provides health insurance plans and lesser extent ancillary products such as dental and vision insurance and hospital indemnity plans, to medicare eligible consumers; and Employer and Individual provides individual and family health insurance, and small business health insurance plans and Individual Coverage Health Reimbursement Arrangements. It derives maximum revenue from Medicare Segment. All of the company's revenue is derived from the United States. It also has a presence in China.
49GF Score

Get the complete analysis for EHTH

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

$1.35
Price
$4.34
GF Value