Molina Healthcare (STU:MHG) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

STU:MHG Molina Healthcare Inc STU:MHG
82 GF Score
Price €174.85
GF Value €327.76
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Molina Healthcare Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Molina Healthcare  (STU:MHG) 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


Molina Healthcare Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Molina Healthcare Cyclically Adjusted PB Ratio Chart

Molina Healthcare 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 10.79 9.91 8.63 6.37 2.92

Molina Healthcare 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 5.53 3.51 2.97 2.36 3.96

STU:MHG vs OSCR, ALHC, CLOV: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


STU:MHG
82GF Score
Molina Healthcare Inc STU:MHG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Molina Healthcare'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)
=70.158/333.9520*333.9520
=70.158

Current CPI (Jun. 2026) = 333.9520.

Molina Healthcare Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.399 241.428 36.516
201612 27.428 241.432 37.939
201703 28.328 243.801 38.803
201706 23.396 244.955 31.896
201709 21.206 246.819 28.692
201712 18.557 246.524 25.138
201803 20.367 249.554 27.255
201806 22.904 251.989 30.354
201809 21.677 252.439 28.677
201812 23.238 251.233 30.889
201903 25.940 254.202 34.078
201906 24.197 256.143 31.547
201909 26.659 256.759 34.674
201912 28.163 256.974 36.599
202003 25.441 258.115 32.916
202006 30.121 257.797 39.019
202009 31.813 260.280 40.818
202012 29.035 260.474 37.226
202103 31.745 264.877 40.024
202106 34.457 271.696 42.352
202109 37.460 274.310 45.605
202112 39.874 278.802 47.762
202203 42.561 287.504 49.437
202206 46.672 296.311 52.601
202209 53.520 296.808 60.218
202212 47.883 296.797 53.877
202303 52.179 301.836 57.731
202306 57.224 305.109 62.634
202309 63.168 307.789 68.537
202312 65.788 306.746 71.623
202403 70.512 312.332 75.393
202406 76.589 314.175 81.410
202409 74.982 315.301 79.417
202412 77.533 315.605 82.040
202503 73.889 319.799 77.159
202506 72.616 322.561 75.180
202509 69.937 324.800 71.908
202512 67.933 324.054 70.008
202603 68.097 330.213 68.868
202606 70.158 333.952 70.158

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 Molina Healthcare (STU:MHG) Overvalued in 2026?

Based on GuruFocus' analysis, Molina Healthcare stock appears to be undervalued. The current stock price of €174.85 is trading 46.7% below its estimated GF Value™ of €327.76. GuruFocus considers Molina Healthcare to be Significantly Undervalued.

Key valuation signals for STU:MHG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €327.76 vs. price of €174.85 (46.7% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Molina Healthcare Business Description

Other Exchanges MOH:USA1MOH:Italy
Address 200 Oceangate, Suite 100, Long Beach, CA, USA, 90802
Molina Healthcare Inc provides medical insurance plans through Medicaid, the individual exchanges, and Medicare. The company operates in four reportable segments consisting of: 1) Medicaid; 2) Medicare; 3) Marketplace; and 4) Other. It manages health benefit risks for more than 5 million people, with more than 85% of those members coming through contracts with state governments for their Medicaid programs. Medicaid contracts in four states-California, New York, Texas, and Washington-account for over half of its enrollees.
82GF Score

Get the complete analysis for STU:MHG

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

€174.85
Price
€327.76
GF Value