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Evolent HealthEVH -3.41%61 Cyclically Adjusted PB Ratio is 0.47 as of Jul. 17, 2026, which is 40% below its 10-year median of 0.78. GuruFocus rates EVH with a GF Score™ of 61/100 and a GF Value™ of $11.33 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 358 Healthcare Providers & Services companies, Evolent Health ranks better than 84.64% on this metric.
The historical rank and industry rank for Evolent Health's Cyclically Adjusted PB Ratio or its related term are showing as below:
EVH'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.78 Max: 2.67
Current: 0.47
During the past years, Evolent Health's highest Cyclically Adjusted PB Ratio was 2.67. The lowest was 0.18. And the median was 0.78.
EVH's Cyclically Adjusted PB Ratio is ranked better than 84.64% of 358
companies
in the Healthcare Providers & Services industry
Industry Median: 1.87
vs EVH: 0.47
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.
Evolent Health's adjusted book value per share data for the three months ended in Mar. 2026 was $3.524. 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 $12.12 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Evolent Health (NYSE:EVH) 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.
Evolent Health Cyclically Adjusted PB Ratio Related Terms
Evolent Health Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Evolent Health'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.
EVH vs PHR, CTEV, MDRX: Cyclically Adjusted PB Ratio Comparison
For the Health Information Services subindustry, Evolent Health'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.
Evolent Health Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Evolent Health's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Evolent Health's Cyclically Adjusted PB Ratio falls into.
Evolent Health 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.
Evolent Health's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.47 mean?
Evolent Health (EVH) has a Cyclically Adjusted PB Ratio of 0.47 as of Jul. 17, 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 Evolent Health and its competitors. This is 40% below median its historical median of 0.78. Over the past decade, Evolent Health's Cyclically Adjusted PB Ratio has ranged from 0.18 to 2.67. According to the industry distribution chart, Evolent Health ranks #55 out of 358 companies in the Healthcare Providers & Services industry, placing it in the top 15.4%.
Is Evolent Health's Cyclically Adjusted PB Ratio too high?
Evolent Health's current Cyclically Adjusted PB Ratio of 0.47 is 40% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 2.67. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.87. Evolent Health's value of 0.47 is 74.9% below this industry median. Based on the distribution chart, Evolent Health ranks #55 out of 358 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Evolent Health has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Evolent Health's Cyclically Adjusted PB Ratio compare to PHR and CTEV?
According to the Healthcare Providers & Services industry distribution chart, Evolent Health ranks #55 out of 358 companies for Cyclically Adjusted PB Ratio. This places Evolent Health in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.87. Evolent Health's value of 0.47 is 74.9% below this benchmark. Historically, Evolent Health's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 2.67 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.87, Evolent Health 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 1.87, 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. Evolent Health's current Cyclically Adjusted PB Ratio of 0.47 is 74.9% 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 Evolent Health and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolent Health's current Cyclically Adjusted PB Ratio is 0.47, which is 40% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolent Health stock overvalued right now?
Based on GuruFocus' analysis, Evolent Health (EVH) is currently considered Possible Value Trap. The stock's GF Value™ is $11.33, compared to a current price of $5.67 — trading 50% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.47, which is 40% below median its 10-year median of 0.78 and 74.9% below the Healthcare Providers & Services industry median of 1.87. Evolent Health's overall GF Score™ is 61/100 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 Evolent Health (EVH), the current Cyclically Adjusted PB Ratio is 0.47 as of Jul. 17, 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 Evolent Health (EVH) Overvalued in 2026?
Based on GuruFocus' analysis, Evolent Health stock appears to be undervalued.
The current stock price of $5.67 is trading 50% below its estimated GF Value™ of $11.33.
GuruFocus considers Evolent Health to be Possible Value Trap.
Key valuation signals for EVH:
Cyclically Adjusted PB Ratio: 0.47 (40% below median its 10-year median of 0.78)
GF Value™: $11.33 vs. price of $5.67 (50% below fair value)
Industry Position: 74.9% below the Healthcare Providers & Services median (#55 of 358)
No single metric tells the full story. See the EVH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolent Health Inc is engaged in healthcare delivery and payment. The company supports health systems and physician organizations in their migration toward value-based care and population health management. It provides specialty care management services in oncology, cardiology, musculoskeletal markets and holistic total cost of care management along with an integrated platform for health plan administration and value-based business infrastructure under one go to market package. The solutions provided by the company includes: Oncology, Cardiology, Musculoskeletal, Administrative Services, Advanced Illness, Genetic Testing, Physical Medicine, Radiology, and Surgical Management.
61GF Score
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