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Molina Healthcare (Molina Healthcare) Cyclically Adjusted PB Ratio : 8.24 (As of May. 02, 2024)


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What is Molina Healthcare Cyclically Adjusted PB Ratio?

As of today (2024-05-02), Molina Healthcare's current share price is $338.87. Molina Healthcare's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $41.11. Molina Healthcare's Cyclically Adjusted PB Ratio for today is 8.24.

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

MOH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.32   Med: 5.18   Max: 11.52
Current: 8.24

During the past years, Molina Healthcare's highest Cyclically Adjusted PB Ratio was 11.52. The lowest was 2.32. And the median was 5.18.

MOH's Cyclically Adjusted PB Ratio is ranked worse than
100% of 13 companies
in the Healthcare Plans industry
Industry Median: 3.24 vs MOH: 8.24

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.

Molina Healthcare's adjusted book value per share data for the three months ended in Mar. 2024 was $76.694. 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 $41.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Molina Healthcare Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Molina Healthcare'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.

Molina Healthcare Cyclically Adjusted PB Ratio Chart

Molina Healthcare 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 5.65 8.25 10.67 9.53 9.07

Molina Healthcare 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 7.41 8.05 8.45 9.07 9.99

Competitive Comparison of Molina Healthcare's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, Molina Healthcare'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.


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

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

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



Molina Healthcare 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.

Molina Healthcare's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=338.87/41.11
=8.24

* 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.

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

For example, Molina Healthcare'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)
=76.694/129.4194*129.4194
=76.694

Current CPI (Mar. 2024) = 129.4194.

Molina Healthcare Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.724 100.560 25.385
201409 19.973 100.428 25.739
201412 20.311 99.070 26.533
201503 20.878 99.621 27.123
201506 26.104 100.684 33.554
201509 27.071 100.392 34.898
201512 27.804 99.792 36.059
201603 27.895 100.470 35.933
201606 28.789 101.688 36.640
201609 29.667 101.861 37.693
201612 28.930 101.863 36.756
201703 30.298 102.862 38.120
201706 26.684 103.349 33.415
201709 25.070 104.136 31.157
201712 22.283 104.011 27.726
201803 25.048 105.290 30.788
201806 26.742 106.317 32.553
201809 25.177 106.507 30.593
201812 26.565 105.998 32.435
201903 29.127 107.251 35.148
201906 27.556 108.070 33.000
201909 29.063 108.329 34.721
201912 31.613 108.420 37.736
202003 27.915 108.902 33.174
202006 33.831 108.767 40.255
202009 37.305 109.815 43.965
202012 35.346 109.897 41.625
202103 37.310 111.754 43.208
202106 40.862 114.631 46.133
202109 43.414 115.734 48.548
202112 45.345 117.630 49.890
202203 47.356 121.301 50.525
202206 48.793 125.017 50.511
202209 52.431 125.227 54.187
202212 51.103 125.222 52.816
202303 56.690 127.348 57.612
202306 62.431 128.729 62.766
202309 66.535 129.860 66.310
202312 72.298 129.419 72.298
202403 76.694 129.419 76.694

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.


Molina Healthcare  (NYSE:MOH) 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.


Molina Healthcare Cyclically Adjusted PB Ratio Related Terms

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


Molina Healthcare (Molina Healthcare) Business Description

Traded in Other Exchanges
Address
200 Oceangate, Suite 100, Long Beach, CA, USA, 90802
Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). In addition to its Health Plans segment, Molina has a Medicaid,Medicare, and Marketplace segment that represent the government-funded or sponsored programs under their management information systems. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). Molina also provides plans through health insurance exchanges.
Executives
Ronna Romney director
Steven J Orlando director
Maurice Hebert officer: Chief Accounting Officer C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634
Marc Russo officer: Executive Vice President C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634
Jeff D. Barlow officer: Chief Legal Officer 300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825
Barbara L Brasier director C/O MEADWESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Daniel Cooperman director DANIEL COOPERMAN, 930 CULEBRA ROAD, HILLSBOROUGH CA 94010
Dale B Wolf director
Richard M Schapiro director 300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825
Joseph M Zubretsky director, officer: President & CEO C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Mark Lowell Keim officer: Executive Vice President 440 LINCOLN STREET, E-6, WORCESTER MA 01653
James Woys officer: Executive Vice President 21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367
Thomas L Tran officer: Chief Financial Officer 8735 HENDERSON ROAD, TAMPA FL 33625
Stephen H Lockhart director C/O NATIONAL RESEARCH CORPORATION, 1245 Q STREET, LINCOLN NE 68508
Garrey Carruthers director 5258 REDMAN RD., LAS CRUCES NM 88011