Surgery Partners (STU:1SP) Cyclically Adjusted PB Ratio: 1.21 (As of Sep. 02, 2026) — 47% Below Median

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STU:1SP Surgery Partners Inc STU:1SP
59 GF Score
Price €12.40
GF Value €21.82
Valuation Possible Value Trap
! 6 Warning Signs
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What is Surgery Partners Cyclically Adjusted PB Ratio?

Surgery Partners STU:1SP +4.20% 59 Cyclically Adjusted PB Ratio is 1.21 as of Sep. 02, 2026, which is 47% below its 10-year median of 2.29. GuruFocus rates STU:1SP with a GF Score™ of 59/100 and a GF Value™ of €21.82 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 331 Healthcare Providers & Services companies, Surgery Partners ranks better than 66.77% on this metric.

As of today (2026-09-02), Surgery Partners's current share price is €12.40. Surgery Partners's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €10.29. Surgery Partners's Cyclically Adjusted PB Ratio for today is 1.21.

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

STU:1SP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 2.29   Max: 4.08
Current: 1.18

During the past years, Surgery Partners's highest Cyclically Adjusted PB Ratio was 4.08. The lowest was 1.07. And the median was 2.29.

STU:1SP's Cyclically Adjusted PB Ratio is ranked better than
66.77% of 331 companies
in the Healthcare Providers & Services industry
Industry Median: 1.92 vs STU:1SP: 1.18

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.

Surgery Partners's adjusted book value per share data for the three months ended in Jun. 2026 was €11.080. 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 €10.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Surgery Partners  (STU:1SP) 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.


Surgery Partners Cyclically Adjusted PB Ratio Related Terms


Surgery Partners Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Surgery Partners'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.

Surgery Partners Cyclically Adjusted PB Ratio Chart

Surgery Partners 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 0.00 0.00 0.00 2.35 1.43

Surgery Partners 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 2.25 2.07 1.43 1.05 1.43

STU:1SP vs SNDA, ASTH, AGL: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Surgery Partners'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.


Surgery Partners Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

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

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


STU:1SP
59GF Score
Surgery Partners Inc STU:1SP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Surgery Partners 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.

Surgery Partners's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.40/10.29
=1.21

* 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.

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

For example, Surgery Partners'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)
=11.08/333.9520*333.9520
=11.080

Current CPI (Jun. 2026) = 333.9520.

Surgery Partners Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.153 241.428 -0.212
201612 0.189 241.432 0.261
201703 0.157 243.801 0.215
201706 0.114 244.955 0.155
201709 11.888 246.819 16.085
201712 11.291 246.524 15.295
201803 10.394 249.554 13.909
201806 10.403 251.989 13.787
201809 9.947 252.439 13.159
201812 7.232 251.233 9.613
201903 6.970 254.202 9.157
201906 6.373 256.143 8.309
201909 5.991 256.759 7.792
201912 5.385 256.974 6.998
202003 4.214 258.115 5.452
202006 3.569 257.797 4.623
202009 1.691 260.280 2.170
202012 1.883 260.474 2.414
202103 4.719 264.877 5.950
202106 7.699 271.696 9.463
202109 7.796 274.310 9.491
202112 10.788 278.802 12.922
202203 11.725 287.504 13.619
202206 12.150 296.311 13.693
202209 13.169 296.808 14.817
202212 14.975 296.797 16.850
202303 14.489 301.836 16.031
202306 14.726 305.109 16.118
202309 14.850 307.789 16.112
202312 14.395 306.746 15.672
202403 14.240 312.332 15.226
202406 14.268 314.175 15.166
202409 13.441 315.301 14.236
202412 13.446 315.605 14.228
202503 12.558 319.799 13.114
202506 11.823 322.561 12.241
202509 11.421 324.800 11.743
202512 11.312 324.054 11.658
202603 11.163 330.213 11.289
202606 11.080 333.952 11.080

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.

What does a Cyclically Adjusted PB Ratio of 1.21 mean?
Surgery Partners (STU:1SP) has a Cyclically Adjusted PB Ratio of 1.21 as of Sep. 02, 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 Surgery Partners and its competitors. This is 47% below median its historical median of 2.29. Over the past decade, Surgery Partners' Cyclically Adjusted PB Ratio has ranged from 1.07 to 4.08. According to the industry distribution chart, Surgery Partners ranks #110 out of 331 companies in the Healthcare Providers & Services industry, placing it in the top 33.2%.
Is Surgery Partners' Cyclically Adjusted PB Ratio too high?
Surgery Partners' current Cyclically Adjusted PB Ratio of 1.21 is 47% below median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 4.08. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.92. Surgery Partners' value of 1.21 is 37% below this industry median. Based on the distribution chart, Surgery Partners ranks #110 out of 331 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Surgery Partners has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Surgery Partners' Cyclically Adjusted PB Ratio compare to SNDA and ASTH?
According to the Healthcare Providers & Services industry distribution chart, Surgery Partners ranks #110 out of 331 companies for Cyclically Adjusted PB Ratio. This puts Surgery Partners in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.92. Surgery Partners' value of 1.21 is 37% below this benchmark. Historically, Surgery Partners' own Cyclically Adjusted PB Ratio has ranged from 1.07 to 4.08 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 1.92, Surgery Partners 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 1.92, based on 331 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. Surgery Partners's current Cyclically Adjusted PB Ratio of 1.21 is 37% 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 Surgery Partners and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surgery Partners's current Cyclically Adjusted PB Ratio is 1.21, which is 47% below median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surgery Partners stock overvalued right now?
Based on GuruFocus' analysis, Surgery Partners (STU:1SP) is currently considered Possible Value Trap. The stock's GF Value™ is €21.82, compared to a current price of €12.40 — trading 43.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is 47% below median its 10-year median of 2.29 and 37% below the Healthcare Providers & Services industry median of 1.92. Surgery Partners' overall GF Score™ is 59/100 with 6 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 Surgery Partners (STU:1SP), the current Cyclically Adjusted PB Ratio is 1.21 as of Sep. 02, 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 Surgery Partners (STU:1SP) Overvalued in 2026?

Based on GuruFocus' analysis, Surgery Partners stock appears to be undervalued. The current stock price of €12.40 is trading 43.2% below its estimated GF Value™ of €21.82. GuruFocus considers Surgery Partners to be Possible Value Trap.

Key valuation signals for STU:1SP:

  • Cyclically Adjusted PB Ratio: 1.21 (47% below median its 10-year median of 2.29)
  • GF Value™: €21.82 vs. price of €12.40 (43.2% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 37% below the Healthcare Providers & Services median (#110 of 331)

No single metric tells the full story. See the STU:1SP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surgery Partners Business Description

Other Exchanges SGRY:USA1SP:Germany
Address 340 Seven Springs Way, Suite 600, Brentwood, TN, USA, 37027
Surgery Partners Inc is a healthcare services company with an integrated outpatient delivery model focused on providing quality, cost-effective solutions for surgical and related ancillary care in support of both patients and physicians. It has one reportable segment: Surgical Facilities, which includes the operation of ASCs, surgical hospitals, anesthesia services, and multi-specialty physician practices, which earn revenues from contracts with patients in which the performance obligations are to provide health care services.
59GF Score

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

€12.40
Price
€21.82
GF Value