Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Universal Health ServicesUHS +0.10%89 Cyclically Adjusted PB Ratio is 1.88 as of Aug. 06, 2026, which is 29% below its 10-year median of 2.66. GuruFocus rates UHS with a GF Score™ of 89/100 and a GF Value™ of $234.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 354 Healthcare Providers & Services companies, Universal Health Services ranks worse than 51.13% on this metric.
The historical rank and industry rank for Universal Health Services's Cyclically Adjusted PB Ratio or its related term are showing as below:
UHS'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41 Med: 2.66 Max: 4.73
Current: 1.88
During the past years, Universal Health Services's highest Cyclically Adjusted PB Ratio was 4.73. The lowest was 1.41. And the median was 2.66.
UHS's Cyclically Adjusted PB Ratio is ranked worse than 51.13% of 354
companies
in the Healthcare Providers & Services industry
Industry Median: 1.845
vs UHS: 1.88
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.
Universal Health Services's adjusted book value per share data for the three months ended in Jun. 2026 was $124.121. 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 $91.24 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Universal Health Services (NYSE:UHS) 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.
Universal Health Services Cyclically Adjusted PB Ratio Related Terms
Universal Health Services Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Universal Health Services'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.
Universal Health Services Cyclically Adjusted PB Ratio Chart
UHS vs ENSG, EHC, PACS: Cyclically Adjusted PB Ratio Comparison
For the Medical Care Facilities subindustry, Universal Health Services'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.
Universal Health Services Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Universal Health Services's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Universal Health Services's Cyclically Adjusted PB Ratio falls into.
Universal Health Services 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.
* 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.
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 1.88 mean?
Universal Health Services (UHS) has a Cyclically Adjusted PB Ratio of 1.88 as of Aug. 06, 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 Universal Health Services and its competitors. This is 29% below median its historical median of 2.66. Over the past decade, Universal Health Services' Cyclically Adjusted PB Ratio has ranged from 1.41 to 4.73. According to the industry distribution chart, Universal Health Services ranks #181 out of 354 companies in the Healthcare Providers & Services industry, placing it in the top 51.1%.
Is Universal Health Services' Cyclically Adjusted PB Ratio too high?
Universal Health Services' current Cyclically Adjusted PB Ratio of 1.88 is 29% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.73. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.85. Universal Health Services' value of 1.88 is 1.9% above this industry median. Based on the distribution chart, Universal Health Services ranks #181 out of 354 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Universal Health Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Health Services' Cyclically Adjusted PB Ratio compare to ENSG and EHC?
According to the Healthcare Providers & Services industry distribution chart, Universal Health Services ranks #181 out of 354 companies for Cyclically Adjusted PB Ratio. This places Universal Health Services in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Universal Health Services' value of 1.88 is 1.9% above this benchmark. Historically, Universal Health Services' own Cyclically Adjusted PB Ratio has ranged from 1.41 to 4.73 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 1.85, Universal Health Services has consistently been above 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 1.85, based on 354 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. Universal Health Services's current Cyclically Adjusted PB Ratio of 1.88 is 1.9% above 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 Universal Health Services and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Health Services's current Cyclically Adjusted PB Ratio is 1.88, which is 29% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Health Services stock overvalued right now?
Based on GuruFocus' analysis, Universal Health Services (UHS) is currently considered Modestly Undervalued. The stock's GF Value™ is $234.19, compared to a current price of $171.83 — trading 26.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.88, which is 29% below median its 10-year median of 2.66 and 1.9% above the Healthcare Providers & Services industry median of 1.85. Universal Health Services' overall GF Score™ is 89/100 with 2 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 Universal Health Services (UHS), the current Cyclically Adjusted PB Ratio is 1.88 as of Aug. 06, 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 Universal Health Services (UHS) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Health Services stock appears to be undervalued.
The current stock price of $171.83 is trading 26.6% below its estimated GF Value™ of $234.19.
GuruFocus considers Universal Health Services to be Modestly Undervalued.
Key valuation signals for UHS:
Cyclically Adjusted PB Ratio: 1.88 (29% below median its 10-year median of 2.66)
GF Value™: $234.19 vs. price of $171.83 (26.6% below fair value)
Industry Position: 1.9% above the Healthcare Providers & Services median (#181 of 354)
No single metric tells the full story. See the UHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Health Services Inc offers healthcare services through its behavioral health centers, acute care hospitals, and related outpatient facilities. As of late 2025, the company operated 346 inpatient behavioral health centers, 29 acute care hospitals, and many supportive outpatient facilities. Its operations are concentrated in the U.S, particularly in Nevada (21% of 2025 operating profits), Texas (19%), and California (13%), although it does have some exposure to the UK behavioral health market (6% of 2025 sales) too. While its acute care services account for over 55% of revenue, the behavioral health centers sport higher margins and account for over 55% of pretax profits.
89GF Score
Get the complete analysis for UHS
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
UHS has been successfully added to your 
