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UnitedHealth Group (FRA:UNH) Cyclically Adjusted PB Ratio : 7.41 (As of Apr. 28, 2024)


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What is UnitedHealth Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), UnitedHealth Group's current share price is €462.40. UnitedHealth Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €62.43. UnitedHealth Group's Cyclically Adjusted PB Ratio for today is 7.41.

The historical rank and industry rank for UnitedHealth Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:UNH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.18   Med: 6.94   Max: 10.04
Current: 7.32

During the past years, UnitedHealth Group's highest Cyclically Adjusted PB Ratio was 10.04. The lowest was 3.18. And the median was 6.94.

FRA:UNH's Cyclically Adjusted PB Ratio is ranked worse than
91.67% of 12 companies
in the Healthcare Plans industry
Industry Median: 3.525 vs FRA:UNH: 7.32

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.

UnitedHealth Group's adjusted book value per share data for the three months ended in Mar. 2024 was €92.362. 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 €62.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


UnitedHealth Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for UnitedHealth Group'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.

* Premium members only.

UnitedHealth Group Cyclically Adjusted PB Ratio Chart

UnitedHealth Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.39 7.92 9.71 8.94 7.95

UnitedHealth Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.69 7.59 7.74 7.95 7.31

Competitive Comparison of UnitedHealth Group's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, UnitedHealth Group'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.


UnitedHealth Group's Cyclically Adjusted PB Ratio Distribution in the Healthcare Plans Industry

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

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



UnitedHealth Group 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.

UnitedHealth Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=462.40/62.43
=7.41

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, UnitedHealth Group's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=92.362/129.4194*129.4194
=92.362

Current CPI (Mar. 2024) = 129.4194.

UnitedHealth Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 24.913 100.560 32.063
201409 26.300 100.428 33.892
201412 27.589 99.070 36.041
201503 30.940 99.621 40.195
201506 30.904 100.684 39.724
201509 30.960 100.392 39.912
201512 32.588 99.792 42.263
201603 33.105 100.470 42.644
201606 34.052 101.688 43.338
201609 35.239 101.861 44.773
201612 38.113 101.863 48.424
201703 40.600 102.862 51.082
201706 39.807 103.349 49.849
201709 39.221 104.136 48.744
201712 41.662 104.011 51.839
201803 40.089 105.290 49.276
201806 42.972 106.317 52.310
201809 44.552 106.507 54.136
201812 47.334 105.998 57.793
201903 48.033 107.251 57.962
201906 49.574 108.070 59.368
201909 52.731 108.329 62.997
201912 54.699 108.420 65.293
202003 54.450 108.902 64.709
202006 59.472 108.767 70.764
202009 58.357 109.815 68.775
202012 56.907 109.897 67.016
202103 59.088 111.754 68.428
202106 60.744 114.631 68.580
202109 63.414 115.734 70.912
202112 67.489 117.630 74.253
202203 70.364 121.301 75.073
202206 73.677 125.017 76.272
202209 80.634 125.227 83.334
202212 78.605 125.222 81.240
202303 81.486 127.348 82.812
202306 81.998 128.729 82.438
202309 85.590 129.860 85.300
202312 88.084 129.419 88.084
202403 92.362 129.419 92.362

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.


UnitedHealth Group  (FRA:UNH) 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.


UnitedHealth Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of UnitedHealth Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


UnitedHealth Group (FRA:UNH) Business Description

Address
9900 Bren Road East, UnitedHealth Group Center, Minnetonka, MN, USA, 55343
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.

UnitedHealth Group (FRA:UNH) Headlines

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