Ramsay Health CareASX:RHC +0.84%87 PB Ratio is 1.97 as of Jun. 27, 2026, which is 50% below its 10-year median of 3.94. GuruFocus rates ASX:RHC with a GF Score™ of 87/100 and a GF Value™ of A$50.75 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 611 Healthcare Providers & Services companies, Ramsay Health Care ranks better than 50.41% on this metric.
Ramsay Health Care Ltd stock PB Ratio (=1.97) is close to 1-year high of 2.05.
The historical rank and industry rank for Ramsay Health Care's PB Ratio or its related term are showing as below:
ASX:RHC'
s PB Ratio Range Over the Past 10 Years
Min: 1.42 Med: 3.94 Max: 8.12
Current: 1.97
During the past 13 years, Ramsay Health Care's highest PB Ratio was 8.12. The lowest was 1.42. And the median was 3.94.
ASX:RHC's PB Ratio is ranked better than 50.41% of 611
companies
in the Healthcare Providers & Services industry
Industry Median: 1.98
vs ASX:RHC: 1.97
During the past 12 months, Ramsay Health Care's average Book Value Per Share Growth Rate was 10.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ramsay Health Care was 38.90% per year. The lowest was -2.20% per year. And the median was 8.60% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Ramsay Health Care PB Ratio Related Terms
Ramsay Health Care PB Ratio Historical Data
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The historical data trend for Ramsay Health Care's 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.
For the Medical Care Facilities subindustry, Ramsay Health Care's PB Ratio, along with its competitors' market caps and 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.
Ramsay Health Care PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Ramsay Health Care's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ramsay Health Care's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Ramsay Health Care (ASX:RHC) has a PB Ratio of 1.97 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ramsay Health Care and its competitors. This is 50% below median its historical median of 3.94. Over the past decade, Ramsay Health Care's PB Ratio has ranged from 1.42 to 8.12. According to the industry distribution chart, Ramsay Health Care ranks #303 out of 611 companies in the Healthcare Providers & Services industry, placing it in the top 49.6%.
Is Ramsay Health Care's PB Ratio too high?
Ramsay Health Care's current PB Ratio of 1.97 is 50% below median its 10-year median of 3.94. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 8.12. The Healthcare Providers & Services industry median PB Ratio is 1.98. Ramsay Health Care's value of 1.97 is 0.5% below this industry median. Based on the distribution chart, Ramsay Health Care ranks #303 out of 611 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Ramsay Health Care has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ramsay Health Care's PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ramsay Health Care ranks #303 out of 611 companies for PB Ratio. This puts Ramsay Health Care in the upper half of its industry. The industry median PB Ratio is 1.98. Ramsay Health Care's value of 1.97 is 0.5% below this benchmark. Historically, Ramsay Health Care's own PB Ratio has ranged from 1.42 to 8.12 over the past decade. While the company's 10-year median is 3.94 vs. the industry median of 1.98, Ramsay Health Care has consistently been below 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 PB Ratio for a Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 1.98, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramsay Health Care's current PB Ratio of 1.97 is 0.5% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ramsay Health Care and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramsay Health Care's current PB Ratio is 1.97, which is 50% below median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramsay Health Care stock overvalued right now?
Based on GuruFocus' analysis, Ramsay Health Care (ASX:RHC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$50.75, compared to a current price of A$43.10 — trading 15.1% below its estimated fair value. The current PB Ratio is 1.97, which is 50% below median its 10-year median of 3.94 and 0.5% below the Healthcare Providers & Services industry median of 1.98. Ramsay Health Care's overall GF Score™ is 87/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Ramsay Health Care (ASX:RHC), the current PB Ratio is 1.97 as of Jun. 27, 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 Ramsay Health Care (ASX:RHC) Overvalued in 2026?
Based on GuruFocus' analysis, Ramsay Health Care stock appears to be undervalued.
The current stock price of A$43.10 is trading 15.1% below its estimated GF Value™ of A$50.75.
GuruFocus considers Ramsay Health Care to be Modestly Undervalued.
Key valuation signals for ASX:RHC:
PB Ratio: 1.97 (50% below median its 10-year median of 3.94)
GF Value™: A$50.75 vs. price of A$43.10 (15.1% below fair value)
Industry Position: 0.5% below the Healthcare Providers & Services median (#303 of 611)
No single metric tells the full story. See the ASX:RHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramsay Health Care is one of the largest private healthcare providers in the world, with more than 500 sites across about eight countries. The key markets in which it operates are Australia, France, the UK, and Sweden. It is the largest private hospital group in each of these markets except for the UK, where it is the largest independent supplier to the NHS. Ramsay Santé, which operates the European regions other than the UK, is a 53%-owned subsidiary of Ramsay Health Care. The company typically earns about two-thirds of consolidated earnings in Australia. Ramsay Health Care undertakes both private and publicly funded healthcare.
87GF Score
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