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US Physical TherapyUSPH -0.09%86 EV-to-OCF is 22.80 as of Aug. 11, 2026, which is 4% above its 10-year median of 21.88. GuruFocus rates USPH with a GF Score™ of 86/100 and a GF Value™ of $103.85 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 681 Healthcare Providers & Services companies, US Physical Therapy ranks worse than 81.5% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, US Physical Therapy's Enterprise Value is $1,893.5 Mil.
US Physical Therapy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $83.1 Mil. Therefore, US Physical Therapy's EV-to-OCF for today is 22.80.
The historical rank and industry rank for US Physical Therapy's EV-to-OCF or its related term are showing as below:
USPH'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.57 Med: 21.88 Max: 33.16
Current: 22.8
During the past 13 years, the highest EV-to-OCF of US Physical Therapy was 33.16. The lowest was 13.57. And the median was 21.88.
USPH's EV-to-OCF is ranked worse than 81.5% of 681
companies
in the Healthcare Providers & Services industry
Industry Median: 8.95
vs USPH: 22.80
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
US Physical Therapy (NYSE:USPH) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
US Physical Therapy's PE Ratio (TTM) for today is calculated as:
US Physical Therapy's share price for today is $81.67.
US Physical Therapy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.170.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
US Physical Therapy EV-to-OCF Related Terms
US Physical Therapy EV-to-OCF Historical Data
* Premium members only.
The historical data trend for US Physical Therapy's EV-to-OCF 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.
For the Medical Care Facilities subindustry, US Physical Therapy's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where US Physical Therapy's EV-to-OCF falls into.
US Physical Therapy's current Enterprise Value is $1,893.5 Mil.
US Physical Therapy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $83.1 Mil.
* 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 (USPH) has a EV-to-OCF of 22.80 as of Aug. 11, 2026. This is near median its historical median of 21.88. Over the past decade, US Physical Therapy's EV-to-OCF has ranged from 13.57 to 33.16. According to the industry distribution chart, US Physical Therapy ranks #555 out of 681 companies in the Healthcare Providers & Services industry, placing it in the top 81.5%.
Is US Physical Therapy's EV-to-OCF too high?
US Physical Therapy's current EV-to-OCF of 22.80 is near median its 10-year median of 21.88. Over the past 10 years, this metric has ranged from a low of 13.57 to a high of 33.16. The Healthcare Providers & Services industry median EV-to-OCF is 8.95. US Physical Therapy's value of 22.80 is 154.7% above this industry median. Based on the distribution chart, US Physical Therapy ranks #555 out of 681 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, US Physical Therapy has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's EV-to-OCF compare to NUTX and AMN?
According to the Healthcare Providers & Services industry distribution chart, US Physical Therapy ranks #555 out of 681 companies for EV-to-OCF. This places US Physical Therapy in the lower half of its industry. The industry median EV-to-OCF is 8.95. US Physical Therapy's value of 22.80 is 154.7% above this benchmark. Historically, US Physical Therapy's own EV-to-OCF has ranged from 13.57 to 33.16 over the past decade. While the company's 10-year median is 21.88 vs. the industry median of 8.95, US Physical Therapy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Healthcare Providers & Services company?
The median EV-to-OCF among Healthcare Providers & Services companies is 8.95, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. US Physical Therapy's current EV-to-OCF of 22.80 is 154.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Healthcare Providers & Services industry, the median EV-to-OCF is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Physical Therapy's current EV-to-OCF is 22.80, which is near median its own 10-year median of 21.88. 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?
Based on GuruFocus' analysis, US Physical Therapy (USPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $103.85, compared to a current price of $81.67 — trading 21.4% below its estimated fair value. The current EV-to-OCF is 22.80, which is near median its 10-year median of 21.88 and 154.7% above the Healthcare Providers & Services industry median of 8.95. US Physical Therapy's overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For US Physical Therapy (USPH), the current EV-to-OCF is 22.80 as of Aug. 11, 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 (USPH) Overvalued in 2026?
Based on GuruFocus' analysis, US Physical Therapy stock appears to be undervalued.
The current stock price of $81.67 is trading 21.4% below its estimated GF Value™ of $103.85.
GuruFocus considers US Physical Therapy to be Modestly Undervalued.
Key valuation signals for USPH:
EV-to-OCF: 22.80 (near median its 10-year median of 21.88)
GF Value™: $103.85 vs. price of $81.67 (21.4% below fair value)
Industry Position: 154.7% above the Healthcare Providers & Services median (#555 of 681)
No single metric tells the full story. See the USPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
86GF Score
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