UnitedHealth Group (BSP:UNHH34) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

BSP:UNHH34 UnitedHealth Group Inc BSP:UNHH34
66 GF Score
Price R$27.51
GF Value R$43.08
Valuation Significantly Undervalued
! 5 Warning Signs
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What is UnitedHealth Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


UnitedHealth Group  (BSP:UNHH34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


UnitedHealth Group Cyclically Adjusted PS Ratio Related Terms


UnitedHealth Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for UnitedHealth Group's Cyclically Adjusted PS 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.

UnitedHealth Group Cyclically Adjusted PS Ratio Chart

UnitedHealth Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.42 2.01 1.59 1.72 0.91

UnitedHealth Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 0.99 1.04 1.02 0.76 1.12

BSP:UNHH34 vs CVS, ELV, CI: Cyclically Adjusted PS Ratio Comparison

For the Healthcare Plans subindustry, UnitedHealth Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


UnitedHealth Group Cyclically Adjusted PS Ratio vs Healthcare Plans Industry

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

* The bar in red indicates where UnitedHealth Group's Cyclically Adjusted PS Ratio falls into.


BSP:UNHH34
66GF Score
UnitedHealth Group Inc BSP:UNHH34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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UnitedHealth Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

UnitedHealth Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, UnitedHealth Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.929/333.9520*333.9520
=8.929

Current CPI (Jun. 2026) = 333.9520.

UnitedHealth Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.215 241.428 3.064
201612 4.606 241.432 6.371
201703 2.244 243.801 3.074
201706 2.334 244.955 3.182
201709 2.303 246.819 3.116
201712 2.438 246.524 3.303
201803 2.594 249.554 3.471
201806 2.941 251.989 3.898
201809 3.245 252.439 4.293
201812 6.455 251.233 8.580
201903 3.330 254.202 4.375
201906 3.521 256.143 4.591
201909 3.554 256.759 4.622
201912 7.427 256.974 9.652
202003 4.272 258.115 5.527
202006 4.972 257.797 6.441
202009 5.203 260.280 6.676
202012 5.256 260.474 6.739
202103 5.743 264.877 7.241
202106 5.652 271.696 6.947
202109 5.658 274.310 6.888
202112 6.164 278.802 7.383
202203 6.275 287.504 7.289
202206 5.926 296.311 6.679
202209 6.356 296.808 7.151
202212 6.569 296.797 7.391
202303 7.233 301.836 8.003
202306 6.998 305.109 7.660
202309 6.809 307.789 7.388
202312 7.153 306.746 7.787
202403 7.659 312.332 8.189
202406 7.991 314.175 8.494
202409 8.591 315.301 9.099
202412 9.072 315.605 9.599
202503 9.975 319.799 10.416
202506 9.934 322.561 10.285
202509 9.704 324.800 9.977
202512 9.591 324.054 9.884
202603 9.222 330.213 9.326
202606 8.929 333.952 8.929

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 UnitedHealth Group (BSP:UNHH34) Overvalued in 2026?

Based on GuruFocus' analysis, UnitedHealth Group stock appears to be undervalued. The current stock price of R$27.51 is trading 36.1% below its estimated GF Value™ of R$43.08. GuruFocus considers UnitedHealth Group to be Significantly Undervalued.

Key valuation signals for BSP:UNHH34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$43.08 vs. price of R$27.51 (36.1% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the BSP:UNHH34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UnitedHealth Group Business Description

Address 1 Health Drive, Eden Prairie, MN, USA, 55344
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2025. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to affiliates and third parties.
66GF Score

Get the complete analysis for BSP:UNHH34

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

R$27.51
Price
R$43.08
GF Value