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US Physical TherapyUSPH +3.94%78 Forward PE Ratio is 25.31 as of Jul. 16, 2026. GuruFocus rates USPH with a GF Score™ of 78/100 and a GF Value™ of $108.07 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 313 Healthcare Providers & Services companies, US Physical Therapy ranks worse than 61.66% on this metric.
US Physical Therapy (NYSE:USPH) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
US Physical Therapy Forward PE Ratio Related Terms
US Physical Therapy Forward PE Ratio Historical Data
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The historical data trend for US Physical Therapy's Forward PE 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.
US Physical Therapy Forward PE Ratio Chart
US Physical Therapy Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
26.81
33.44
30.03
35.59
34.97
38.17
28.49
27.78
32.68
31.54
27.12
US Physical Therapy Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
26.81
22.12
31.25
29.07
33.44
31.06
28.74
25.58
30.03
33.00
39.37
43.48
35.59
36.36
42.92
39.68
34.97
20.75
71.43
32.26
38.17
34.01
44.05
34.60
28.49
28.49
33.22
26.25
27.78
33.44
46.30
31.45
32.68
43.86
38.31
29.59
31.54
27.19
31.09
27.27
27.12
25.93
USPH vs NUTX, PNTG, AMN: Forward PE Ratio Comparison
For the Medical Care Facilities subindustry, US Physical Therapy's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where US Physical Therapy's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
US Physical Therapy (USPH) has a Forward PE Ratio of 25.31 as of Jul. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on US Physical Therapy and its competitors. According to the industry distribution chart, US Physical Therapy ranks #193 out of 313 companies in the Healthcare Providers & Services industry, placing it in the top 61.7%.
Is US Physical Therapy's Forward PE Ratio too high?
US Physical Therapy's current Forward PE Ratio is 25.31. The Healthcare Providers & Services industry median Forward PE Ratio is 18.31. US Physical Therapy's value of 25.31 is 38.2% above this industry median. Based on the distribution chart, US Physical Therapy ranks #193 out of 313 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, US Physical Therapy has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's Forward PE Ratio compare to NUTX and PNTG?
According to the Healthcare Providers & Services industry distribution chart, US Physical Therapy ranks #193 out of 313 companies for Forward PE Ratio. This places US Physical Therapy in the lower half of its industry. The industry median Forward PE Ratio is 18.31. US Physical Therapy's value of 25.31 is 38.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Healthcare Providers & Services company?
The median Forward PE Ratio among Healthcare Providers & Services companies is 18.31, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. US Physical Therapy's current Forward PE Ratio of 25.31 is 38.2% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on US Physical Therapy and its competitors. For the Healthcare Providers & Services industry, the median Forward PE Ratio is 18.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Physical Therapy's current Forward PE Ratio is 25.31. 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 Significantly Undervalued. The stock's GF Value™ is $108.07, compared to a current price of $74.19 — trading 31.4% below its estimated fair value. The current Forward PE Ratio is 25.31 and 38.2% above the Healthcare Providers & Services industry median of 18.31. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For US Physical Therapy (USPH), the current Forward PE Ratio is 25.31 as of Jul. 16, 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 $74.19 is trading 31.4% below its estimated GF Value™ of $108.07.
GuruFocus considers US Physical Therapy to be Significantly Undervalued.
Key valuation signals for USPH:
Forward PE Ratio: 25.31
GF Value™: $108.07 vs. price of $74.19 (31.4% below fair value)
Industry Position: 38.2% above the Healthcare Providers & Services median (#193 of 313)
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.
78GF Score
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