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US Physical Therapy (FRA:UPH) Cyclically Adjusted PB Ratio : 4.78 (As of May. 22, 2024)


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What is US Physical Therapy Cyclically Adjusted PB Ratio?

As of today (2024-05-22), US Physical Therapy's current share price is €96.50. US Physical Therapy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €20.20. US Physical Therapy's Cyclically Adjusted PB Ratio for today is 4.78.

The historical rank and industry rank for US Physical Therapy's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:UPH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.83   Med: 5.9   Max: 10.96
Current: 4.74

During the past years, US Physical Therapy's highest Cyclically Adjusted PB Ratio was 10.96. The lowest was 3.83. And the median was 5.90.

FRA:UPH's Cyclically Adjusted PB Ratio is ranked worse than
76.68% of 313 companies
in the Healthcare Providers & Services industry
Industry Median: 1.98 vs FRA:UPH: 4.74

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.

US Physical Therapy's adjusted book value per share data for the three months ended in Mar. 2024 was €29.293. 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 €20.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


US Physical Therapy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for US Physical Therapy'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.

* Premium members only.

US Physical Therapy Cyclically Adjusted PB Ratio Chart

US Physical Therapy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.47 8.17 5.64 4.23 4.33

US Physical Therapy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.95 5.93 4.34 4.33 5.05

Competitive Comparison of US Physical Therapy's Cyclically Adjusted PB Ratio

For the Medical Care Facilities subindustry, US Physical Therapy'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.


US Physical Therapy's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

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

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



US Physical Therapy 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.

US Physical Therapy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=96.50/20.2
=4.78

* 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.

US Physical Therapy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, US Physical Therapy's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=29.293/131.7762*131.7762
=29.293

Current CPI (Mar. 2024) = 131.7762.

US Physical Therapy Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.226 100.560 10.780
201409 8.962 100.428 11.759
201412 9.666 99.070 12.857
201503 11.185 99.621 14.795
201506 11.139 100.684 14.579
201509 11.401 100.392 14.965
201512 12.642 99.792 16.694
201603 12.016 100.470 15.760
201606 12.363 101.688 16.021
201609 12.722 101.861 16.458
201612 14.203 101.863 18.374
201703 14.220 102.862 18.217
201706 13.783 103.349 17.574
201709 13.236 104.136 16.749
201712 13.745 104.011 17.414
201803 13.248 105.290 16.581
201806 14.279 106.317 17.698
201809 14.315 106.507 17.711
201812 14.964 105.998 18.603
201903 15.241 107.251 18.726
201906 15.882 108.070 19.366
201909 16.738 108.329 20.361
201912 16.927 108.420 20.573
202003 16.985 108.902 20.553
202006 17.649 108.767 21.383
202009 17.503 109.815 21.003
202012 17.664 109.897 21.181
202103 17.989 111.754 21.212
202106 18.253 114.631 20.983
202109 19.077 115.734 21.721
202112 20.262 117.630 22.699
202203 21.036 121.301 22.853
202206 22.346 125.017 23.554
202209 24.637 125.227 25.926
202212 22.929 125.222 24.129
202303 22.742 127.348 23.533
202306 30.084 128.729 30.796
202309 30.758 129.860 31.212
202312 29.136 129.419 29.667
202403 29.293 131.776 29.293

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.


US Physical Therapy  (FRA:UPH) 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.


US Physical Therapy Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of US Physical Therapy's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


US Physical Therapy (FRA:UPH) Business Description

Traded in Other Exchanges
Address
1300 West Sam Houston Parkway South, Suite 300, Houston, TX, USA, 77042
US Physical Therapy Inc through its subsidiaries operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal sources of payment for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.

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