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HUM (Humana) Cyclically Adjusted PB Ratio : 2.37 (As of Dec. 12, 2024)


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What is Humana Cyclically Adjusted PB Ratio?

As of today (2024-12-12), Humana's current share price is $272.78. Humana's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $114.88. Humana's Cyclically Adjusted PB Ratio for today is 2.37.

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

HUM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.09   Med: 4.62   Max: 5.98
Current: 2.42

During the past years, Humana's highest Cyclically Adjusted PB Ratio was 5.98. The lowest was 2.09. And the median was 4.62.

HUM's Cyclically Adjusted PB Ratio is ranked better than
50% of 14 companies
in the Healthcare Plans industry
Industry Median: 2.56 vs HUM: 2.42

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.

Humana's adjusted book value per share data for the three months ended in Sep. 2024 was $145.875. 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 $114.88 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Humana Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Humana'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.

Humana Cyclically Adjusted PB Ratio Chart

Humana 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 5.33 5.41 5.29 5.18 4.25

Humana Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.55 4.25 3.12 3.31 2.76

Competitive Comparison of Humana's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, Humana'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.


Humana's Cyclically Adjusted PB Ratio Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Humana's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Humana 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.

Humana's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=272.78/114.88
=2.37

* 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.

Humana's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Humana's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=145.875/133.0289*133.0289
=145.875

Current CPI (Sep. 2024) = 133.0289.

Humana Quarterly Data

Book Value per Share CPI Adj_Book
201412 64.477 99.070 86.578
201503 67.058 99.621 89.546
201506 68.062 100.684 89.927
201509 69.847 100.392 92.554
201512 69.770 99.792 93.007
201603 70.620 100.470 93.505
201606 72.947 101.688 95.430
201609 75.687 101.861 98.846
201612 71.565 101.863 93.461
201703 70.914 102.862 91.711
201706 75.790 103.349 97.555
201709 78.475 104.136 100.249
201712 71.485 104.011 91.428
201803 73.219 105.290 92.509
201806 74.120 106.317 92.743
201809 77.216 106.507 96.444
201812 74.952 105.998 94.066
201903 80.283 107.251 99.580
201906 87.883 108.070 108.180
201909 87.604 108.329 107.578
201912 91.117 108.420 111.798
202003 93.453 108.902 114.158
202006 108.970 108.767 133.277
202009 119.147 109.815 144.334
202012 106.533 109.897 128.957
202103 109.988 111.754 130.926
202106 115.505 114.631 134.043
202109 126.503 115.734 145.407
202112 124.843 117.630 141.187
202203 121.106 121.301 132.815
202206 122.398 125.017 130.242
202209 128.389 125.227 136.388
202212 122.513 125.222 130.151
202303 132.674 127.348 138.593
202306 135.860 128.729 140.398
202309 137.673 129.860 141.033
202312 133.051 129.419 136.762
202403 133.858 131.776 135.130
202406 138.461 132.554 138.957
202409 145.875 133.029 145.875

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.


Humana  (NYSE:HUM) 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.


Humana Cyclically Adjusted PB Ratio Related Terms

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


Humana Business Description

Industry
Address
500 West Main Street, Louisville, KY, USA, 40202
Humana is one of the largest private health insurers in the us with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.
Executives
Jorge S. Mesquita director C/O KRAFT FOODS INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Susan M Diamond officer: Segment President, Home Bus. 500 W MAIN ST., LOUISVILLE KY 40202
Sanjay K Shetty officer: President, CenterWell 500 W. MAIN STREET, LOUISVILLE KY 40202
George Ii Renaudin officer: President, Medicare & Medicaid 500 W. MAIN SREET, LOUISVILLE KY 40202
Jones David A Jr/ky director C/O HUMANA INC, 500 WEST MAIN STREET, LOUISVILLE KY 40202
Timothy S. Huval officer: Sr. Vice Pres & Chief HR Offic 500 W. MAIN STREET, LOUISVILLE KY 40202
Bruce D Broussard officer: President 500 W. MAIN STREET, C/O HUMANA LAW DEPT., LOUISVILLE KY 40202
Joseph C Ventura officer: Chief Legal Officer & Corp Sec 500 W MAIN STREET, LOUISVILLE KY 40202
William Kevin Fleming officer: President, Hlthcare Svc Sgmt 500 WEST MAIN STREET, LOUISVILLE KY 40202
Timothy Alan Wheatley officer: President, Retail Segment 500 WEST MAIN STREET, LOUISVILLE KY 40202
Samir Deshpande officer: Chief Risk Officer 500 W MAIN STREET, LOUISVILLE KY 40202
Brad D Smith director 1040 13TH AVE, HUNTINGTON WV 25701
John-paul W. Felter officer: SVP, Chief Accting Off & Cont. 500 W MAIN ST, LOUISVILLE KY 40202
Michael A. Koeberlein officer: SVP, Chief Accting Off & Cont. 500 W MAIN ST., LOUISVILLE KY 40202
David T Feinberg director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401