US Physical TherapyUSPH +4.27%77 PB Ratio is 2.15 as of Jun. 24, 2026, which is 49% below its 10-year median of 4.25. GuruFocus rates USPH with a GF Score™ of 77/100 and a GF Value™ of $107.60 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 611 Healthcare Providers & Services companies, US Physical Therapy ranks worse than 51.55% on this metric.
US Physical Therapy Inc stock PB Ratio (=2.06) is close to 10-year low of 1.93.
The historical rank and industry rank for US Physical Therapy's PB Ratio or its related term are showing as below:
USPH'
s PB Ratio Range Over the Past 10 Years
Min: 1.93 Med: 4.25 Max: 7.87
Current: 2.15
During the past 13 years, US Physical Therapy's highest PB Ratio was 7.87. The lowest was 1.93. And the median was 4.25.
USPH's PB Ratio is ranked worse than 51.55% of 611
companies
in the Healthcare Providers & Services industry
Industry Median: 1.96
vs USPH: 2.15
During the past 12 months, US Physical Therapy's average Book Value Per Share Growth Rate was -5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of US Physical Therapy was 50.70% per year. The lowest was -15.20% per year. And the median was 12.00% per year.
Back to Basics: PB Ratio
US Physical Therapy (NYSE:USPH) PB Ratio Explanation
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.
US Physical Therapy PB Ratio Related Terms
US Physical Therapy PB Ratio Historical Data
* Premium members only.
The historical data trend for US Physical Therapy'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, US Physical Therapy'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.
US Physical Therapy PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's PB Ratio distribution charts can be found below:
* The bar in red indicates where US Physical Therapy'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.
US Physical Therapy (USPH) has a PB Ratio of 2.15 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on US Physical Therapy and its competitors. This is 49% below median its historical median of 4.25. Over the past decade, US Physical Therapy's PB Ratio has ranged from 1.93 to 7.87. According to the industry distribution chart, US Physical Therapy ranks #315 out of 611 companies in the Healthcare Providers & Services industry, placing it in the top 51.6%.
Is US Physical Therapy's PB Ratio too high?
US Physical Therapy's current PB Ratio of 2.15 is 49% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 7.87. The Healthcare Providers & Services industry median PB Ratio is 1.96. US Physical Therapy's value of 2.15 is 9.7% above this industry median. Based on the distribution chart, US Physical Therapy ranks #315 out of 611 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, US Physical Therapy has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's PB Ratio compare to INNV and NUTX?
According to the Healthcare Providers & Services industry distribution chart, US Physical Therapy ranks #315 out of 611 companies for PB Ratio. This places US Physical Therapy in the lower half of its industry. The industry median PB Ratio is 1.96. US Physical Therapy's value of 2.15 is 9.7% above this benchmark. Historically, US Physical Therapy's own PB Ratio has ranged from 1.93 to 7.87 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 1.96, 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 PB Ratio for a Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 1.96, 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. US Physical Therapy's current PB Ratio of 2.15 is 9.7% 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 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 US Physical Therapy and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Physical Therapy's current PB Ratio is 2.15, which is 49% below median its own 10-year median of 4.25. 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 $107.60, compared to a current price of $66.21 — trading 38.5% below its estimated fair value. The current PB Ratio is 2.15, which is 49% below median its 10-year median of 4.25 and 9.7% above the Healthcare Providers & Services industry median of 1.96. US Physical Therapy's overall GF Score™ is 77/100 with 5 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 US Physical Therapy (USPH), the current PB Ratio is 2.15 as of Jun. 24, 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 $66.21 is trading 38.5% below its estimated GF Value™ of $107.60.
GuruFocus considers US Physical Therapy to be Significantly Undervalued.
Key valuation signals for USPH:
PB Ratio: 2.15 (49% below median its 10-year median of 4.25)
GF Value™: $107.60 vs. price of $66.21 (38.5% below fair value)
Industry Position: 9.7% above the Healthcare Providers & Services median (#315 of 611)
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.
77GF Score
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