UnitedHealth Group (BUE:UNH) Cyclically Adjusted PS Ratio: (As of Aug. 04, 2026)

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What is UnitedHealth Group Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation

UnitedHealth Group  (BUE:UNH) 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 2.29 2.08 1.83 1.58 0.93

UnitedHealth Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.58 0.91 0.98 0.93 0.73

BUE:UNH 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.


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 Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=171663.011/330.2130*330.2130
=171,663.011

Current CPI (Mar. 2026) = 330.2130.

UnitedHealth Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 672.025 241.018 920.725
201609 712.633 241.428 974.703
201612 778.459 241.432 1,064.719
201703 770.423 243.801 1,043.489
201706 837.842 244.955 1,129.458
201709 891.625 246.819 1,192.883
201712 1,003.133 246.524 1,343.673
201803 1,126.629 249.554 1,490.770
201806 1,424.425 251.989 1,866.604
201809 2,117.197 252.439 2,769.485
201812 2,247.564 251.233 2,954.130
201903 2,417.887 254.202 3,140.879
201906 2,808.427 256.143 3,620.552
201909 3,504.870 256.759 4,507.548
201912 3,780.137 256.974 4,857.497
202003 4,156.514 258.115 5,317.533
202006 4,431.216 257.797 5,675.959
202009 5,025.091 260.280 6,375.251
202012 5,543.917 260.474 7,028.239
202103 6,607.373 264.877 8,237.184
202106 7,067.195 271.696 8,589.304
202109 7,406.400 274.310 8,915.787
202112 7,790.068 278.802 9,226.554
202203 9,020.716 287.504 10,360.752
202206 10,175.105 296.311 11,339.275
202209 11,856.773 296.808 13,191.223
202212 14,656.009 296.797 16,306.111
202303 19,258.716 301.836 21,069.317
202306 23,719.915 305.109 25,671.561
202309 34,531.766 307.789 37,047.581
202312 36,575.265 306.746 39,373.384
202403 91,191.032 312.332 96,411.717
202406 95,392.943 314.175 100,262.560
202409 103,042.372 315.301 107,915.708
202412 109,951.481 315.605 115,040.663
202503 127,245.095 319.799 131,388.730
202506 145,620.024 322.561 149,074.516
202509 169,244.539 324.800 172,065.108
202512 180,980.535 324.054 184,420.268
202603 171,663.011 330.213 171,663.011

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.

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.