UHS (Universal Health Services) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

UHS Universal Health Services Inc UHS
89 GF Score
Price $176.69
GF Value $237.80
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Universal Health Services Cyclically Adjusted PB Ratio?

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

Universal Health Services 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 2.17 2.07 2.04 2.19 2.43

Universal Health Services 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 2.17 2.39 2.51 1.99 1.60

UHS vs ENSG, DVA, EHC: 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.


UHS
89GF Score
Universal Health Services Inc UHS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

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

For example, Universal Health Services'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)
=129.89/333.9520*333.9520
=129.890

Current CPI (Jun. 2026) = 333.9520.

Universal Health Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 46.131 241.428 63.810
201612 47.676 241.432 65.946
201703 49.748 243.801 68.143
201706 51.066 244.955 69.619
201709 52.019 246.819 70.383
201712 53.680 246.524 72.717
201803 56.056 249.554 75.014
201806 57.813 251.989 76.617
201809 58.863 252.439 77.870
201812 59.881 251.233 79.597
201903 61.639 254.202 80.977
201906 61.798 256.143 80.570
201909 62.433 256.759 81.203
201912 64.392 256.974 83.681
202003 64.632 258.115 83.622
202006 67.868 257.797 87.917
202009 71.066 260.280 91.181
202012 75.316 260.474 96.562
202103 77.512 264.877 97.726
202106 79.113 271.696 97.241
202109 79.285 274.310 96.524
202112 80.401 278.802 96.305
202203 80.221 287.504 93.181
202206 80.970 296.311 91.256
202209 82.742 296.808 93.097
202212 84.527 296.797 95.109
202303 86.300 301.836 95.483
202306 88.380 305.109 96.735
202309 89.530 307.789 97.140
202312 92.315 306.746 100.503
202403 94.291 312.332 100.818
202406 98.275 314.175 104.461
202409 101.367 315.301 107.363
202412 104.080 315.605 110.130
202503 106.854 319.799 111.583
202506 112.276 322.561 116.241
202509 116.792 324.800 120.083
202512 121.338 324.054 125.044
202603 125.618 330.213 127.040
202606 129.890 333.952 129.890

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 Universal Health Services (UHS) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Health Services stock appears to be undervalued. The current stock price of $176.69 is trading 25.7% below its estimated GF Value™ of $237.80. GuruFocus considers Universal Health Services to be Modestly Undervalued.

Key valuation signals for UHS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $237.80 vs. price of $176.69 (25.7% below fair value)
  • GF Score™: 89/100 with 1 warning sign

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 Business Description

Address 367 South Gulph Road, Universal Corporate Center, P.O. Box 61558, King Of Prussia, PA, USA, 19406-0958
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.

$176.69
Price
$237.80
GF Value