US Physical Therapy (FRA:UPH) Cyclically Adjusted Revenue per Share: €40.29 (As of Mar. 2026)

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FRA:UPH US Physical Therapy Inc FRA:UPH
78 GF Score
Price €63.50
GF Value €93.32
! 6 Warning Signs
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What is US Physical Therapy Cyclically Adjusted Revenue per Share?

US Physical Therapy FRA:UPH +3.25% 78 Cyclically Adjusted Revenue per Share is €40.29 as of Mar. 2026. GuruFocus rates FRA:UPH with a GF Score™ of 78/100 and a GF Value™ of €93.32. The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

US Physical Therapy's adjusted revenue per share for the three months ended in Mar. 2026 was €11.309. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €40.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, US Physical Therapy's average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of US Physical Therapy was 23.00% per year. The lowest was 6.40% per year. And the median was 10.00% per year.

As of today (2026-07-20), US Physical Therapy's current stock price is €63.50. US Physical Therapy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €40.29. US Physical Therapy's Cyclically Adjusted PS Ratio of today is 1.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of US Physical Therapy was 5.16. The lowest was 1.28. And the median was 2.86.


US Physical Therapy  (FRA:UPH) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

US Physical Therapy's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=63.50/40.29
=1.58

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of US Physical Therapy was 5.16. The lowest was 1.28. And the median was 2.86.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


US Physical Therapy Cyclically Adjusted Revenue per Share Related Terms


US Physical Therapy Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for US Physical Therapy's Cyclically Adjusted Revenue per Share 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.

US Physical Therapy Cyclically Adjusted Revenue per Share Chart

US Physical Therapy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.82 34.81 37.21 41.55 39.70

US Physical Therapy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 39.71 38.25 37.34 39.70 40.29

FRA:UPH vs NUTX, PNTG, AMN: Cyclically Adjusted Revenue per Share Comparison

For the Medical Care Facilities subindustry, US Physical Therapy'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.


US Physical Therapy Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where US Physical Therapy's Cyclically Adjusted PS Ratio falls into.


FRA:UPH
78GF Score
US Physical Therapy Inc FRA:UPH
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

US Physical Therapy Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, US Physical Therapy'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)
=11.309/330.2130*330.2130
=11.309

Current CPI (Mar. 2026) = 330.2130.

US Physical Therapy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.433 241.018 8.814
201609 6.287 241.428 8.599
201612 6.881 241.432 9.411
201703 7.282 243.801 9.863
201706 7.376 244.955 9.943
201709 6.871 246.819 9.193
201712 7.329 246.524 9.817
201803 6.965 249.554 9.216
201806 7.772 251.989 10.185
201809 7.643 252.439 9.998
201812 8.132 251.233 10.688
201903 8.095 254.202 10.516
201906 8.760 256.143 11.293
201909 8.334 256.759 10.718
201912 8.604 256.974 11.056
202003 7.972 258.115 10.199
202006 5.798 257.797 7.427
202009 7.199 260.280 9.133
202012 7.512 260.474 9.523
202103 7.334 264.877 9.143
202106 8.165 271.696 9.924
202109 8.289 274.310 9.978
202112 8.900 278.802 10.541
202203 9.244 287.504 10.617
202206 10.237 296.311 11.408
202209 10.845 296.808 12.066
202212 10.250 296.797 11.404
202303 10.649 301.836 11.650
202306 10.191 305.109 11.030
202309 9.379 307.789 10.062
202312 9.465 306.746 10.189
202403 9.537 312.332 10.083
202406 10.305 314.175 10.831
202409 10.042 315.301 10.517
202412 11.419 315.605 11.948
202503 11.235 319.799 11.601
202506 11.259 322.561 11.526
202509 11.047 324.800 11.231
202512 11.416 324.054 11.633
202603 11.309 330.213 11.309

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €40.29 mean?
US Physical Therapy (FRA:UPH) has a Cyclically Adjusted Revenue per Share of €40.29 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on US Physical Therapy and its competitors.
Is US Physical Therapy's Cyclically Adjusted Revenue per Share too high?
US Physical Therapy's current Cyclically Adjusted Revenue per Share is €40.29. Overall, US Physical Therapy has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's Cyclically Adjusted Revenue per Share compare to NUTX and PNTG?
US Physical Therapy's Cyclically Adjusted Revenue per Share of €40.29 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Healthcare Providers & Services company?
A good Cyclically Adjusted Revenue per Share depends on the Healthcare Providers & Services industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on US Physical Therapy and its competitors. US Physical Therapy's current Cyclically Adjusted Revenue per Share is €40.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Physical Therapy stock overvalued right now?
US Physical Therapy (FRA:UPH) has a current Cyclically Adjusted Revenue per Share of €40.29. The stock's GF Value™ is €93.32, compared to a current price of €63.50 — trading 32% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €40.29. US Physical Therapy's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For US Physical Therapy (FRA:UPH), the current Cyclically Adjusted Revenue per Share is €40.29 as of Mar. 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 US Physical Therapy (FRA:UPH) Overvalued in 2026?

Based on GuruFocus' analysis, US Physical Therapy stock appears to be undervalued. The current stock price of €63.50 is trading 32% below its estimated GF Value™ of €93.32.

Key valuation signals for FRA:UPH:

  • Cyclically Adjusted Revenue per Share: €40.29
  • GF Value™: €93.32 vs. price of €63.50 (32% below fair value)
  • GF Score™: 78/100 with 6 warning signs

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


US Physical Therapy Business Description

Other Exchanges USPH:USA
Address 1300 West Sam Houston Parkway South, Suite 300, Houston, TX, USA, 77042
US Physical Therapy Inc through its subsidiaries operate outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal payment sources for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.
78GF Score

Get the complete analysis for FRA:UPH

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

€63.50
Price
€93.32
GF Value