Community Health Systems (FRA:CG5) Cyclically Adjusted PB Ratio: (As of Aug. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:CG5 Community Health Systems Inc FRA:CG5
65 GF Score
Price €2.56
GF Value €2.62
Valuation Fairly Valued
! 5 Warning Signs
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What is Community Health Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Community Health Systems  (FRA:CG5) 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.


Community Health Systems Cyclically Adjusted PB Ratio Related Terms


Community Health Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Community Health Systems'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.

Community Health Systems Cyclically Adjusted PB Ratio Chart

Community Health Systems 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 1.05 0.50 0.84 0.00 0.00

Community Health Systems 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 0.00 0.00 0.00 0.00 0.00

FRA:CG5 vs AUNA, CCRN, SRTA: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Community Health Systems'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.


Community Health Systems Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


FRA:CG5
65GF Score
Community Health Systems Inc FRA:CG5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Community Health Systems 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.

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

For example, Community Health Systems'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)
=-8.556/333.9520*333.9520
=-8.556

Current CPI (Jun. 2026) = 333.9520.

Community Health Systems Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.279 241.428 19.751
201612 13.445 241.432 18.597
201703 11.650 243.801 15.958
201706 10.066 244.955 13.723
201709 8.876 246.819 12.009
201712 -5.653 246.524 -7.658
201803 -5.404 249.554 -7.232
201806 -6.472 251.989 -8.577
201809 -8.884 252.439 -11.753
201812 -11.607 251.233 -15.429
201903 -12.465 254.202 -16.376
201906 -13.741 256.143 -17.915
201909 -14.237 256.759 -18.517
201912 -16.942 256.974 -22.017
202003 -16.674 258.115 -21.573
202006 -15.789 257.797 -20.453
202009 -14.317 260.280 -18.369
202012 -10.306 260.474 -13.213
202103 -10.685 264.877 -13.471
202106 -10.648 271.696 -13.088
202109 -10.145 274.310 -12.351
202112 -9.188 278.802 -11.005
202203 -9.384 287.504 -10.900
202206 -12.222 296.311 -13.775
202209 -13.392 296.808 -15.068
202212 -9.580 296.797 -10.779
202303 -9.869 301.836 -10.919
202306 -10.046 305.109 -10.996
202309 -10.023 307.789 -10.875
202312 -9.333 306.746 -10.161
202403 -9.454 312.332 -10.108
202406 -9.634 314.175 -10.240
202409 -11.822 315.301 -12.521
202412 -13.158 315.605 -13.923
202503 -12.678 319.799 -13.239
202506 -10.092 322.561 -10.448
202509 -9.133 324.800 -9.390
202512 -8.588 324.054 -8.850
202603 -8.925 330.213 -9.026
202606 -8.556 333.952 -8.556

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 Community Health Systems (FRA:CG5) Overvalued in 2026?

Based on GuruFocus' analysis, Community Health Systems stock appears to be undervalued. The current stock price of €2.56 is trading 2.3% below its estimated GF Value™ of €2.62. GuruFocus considers Community Health Systems to be Fairly Valued.

Key valuation signals for FRA:CG5:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.62 vs. price of €2.56 (2.3% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the FRA:CG5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Community Health Systems Business Description

Other Exchanges CYH:USA
Address 4000 Meridian Boulevard, Franklin, TN, USA, 37067
Community Health Systems Inc is a publicly owned hospital operator in the United States. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.
65GF Score

Get the complete analysis for FRA:CG5

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

€2.56
Price
€2.62
GF Value