UnitedHealth GroupLIM:UNH 69 PE Ratio without NRI is 25.70 as of Jul. 03, 2026, which is 23% above its 10-year median of 20.89. GuruFocus rates LIM:UNH with a GF Score™ of 69/100 and a GF Value™ of $596.36 (Significantly Undervalued). The stock has 10 warning signs investors should review. Among 16 Healthcare Plans companies, UnitedHealth Group ranks worse than 56.25% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-03), UnitedHealth Group's share price is $420.00.
UnitedHealth Group's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $16.34. Therefore, UnitedHealth Group's PE Ratio without NRI for today is 25.70.
During the past 13 years, UnitedHealth Group's highest PE Ratio without NRI was 29.50. The lowest was 9.42. And the median was 20.89.
UnitedHealth Group's EPS (Basic) for the
three
months ended in Mar. 2026 was $6.92.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $13.28.
UnitedHealth Group (LIM:UNH) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
UnitedHealth Group PE Ratio without NRI Related Terms
UnitedHealth Group PE Ratio without NRI Historical Data
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The historical data trend for UnitedHealth Group's PE Ratio without NRI 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.
LIM:UNH vs CVS, ELV, CI: PE Ratio without NRI Comparison
For the Healthcare Plans subindustry, UnitedHealth Group's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where UnitedHealth Group's PE Ratio without NRI falls into.
UnitedHealth Group PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular 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 regular PE Ratio.
UnitedHealth Group's Share Price of today is $420.00.
UnitedHealth Group's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $16.34.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
UnitedHealth Group (LIM:UNH) has a PE Ratio without NRI of 25.70 as of Jul. 03, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on UnitedHealth Group and its competitors. This is 23% above median its historical median of 20.89. Over the past decade, UnitedHealth Group's PE Ratio without NRI has ranged from 9.42 to 29.50. According to the industry distribution chart, UnitedHealth Group ranks #9 out of 16 companies in the Healthcare Plans industry, placing it in the top 56.2%.
Is UnitedHealth Group's PE Ratio without NRI too high?
UnitedHealth Group's current PE Ratio without NRI of 25.70 is 23% above median its 10-year median of 20.89. Over the past 10 years, this metric has ranged from a low of 9.42 to a high of 29.50. The Healthcare Plans industry median PE Ratio without NRI is 22.05. UnitedHealth Group's value of 25.70 is 16.6% above this industry median. Based on the distribution chart, UnitedHealth Group ranks #9 out of 16 companies in the Healthcare Plans industry, which is below the industry midpoint. Overall, UnitedHealth Group has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UnitedHealth Group's PE Ratio without NRI compare to CVS and ELV?
According to the Healthcare Plans industry distribution chart, UnitedHealth Group ranks #9 out of 16 companies for PE Ratio without NRI. This places UnitedHealth Group in the lower half of its industry. The industry median PE Ratio without NRI is 22.05. UnitedHealth Group's value of 25.70 is 16.6% above this benchmark. Historically, UnitedHealth Group's own PE Ratio without NRI has ranged from 9.42 to 29.50 over the past decade. While the company's 10-year median is 20.89 vs. the industry median of 22.05, UnitedHealth Group 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 PE Ratio without NRI for a Healthcare Plans company?
The median PE Ratio without NRI among Healthcare Plans companies is 22.05, based on 16 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. UnitedHealth Group's current PE Ratio without NRI of 25.70 is 16.6% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on UnitedHealth Group and its competitors. For the Healthcare Plans industry, the median PE Ratio without NRI is 22.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UnitedHealth Group's current PE Ratio without NRI is 25.70, which is 23% above median its own 10-year median of 20.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UnitedHealth Group stock overvalued right now?
Based on GuruFocus' analysis, UnitedHealth Group (LIM:UNH) is currently considered Significantly Undervalued. The stock's GF Value™ is $596.36, compared to a current price of $420.00 — trading 29.6% below its estimated fair value. The current PE Ratio without NRI is 25.70, which is 23% above median its 10-year median of 20.89 and 16.6% above the Healthcare Plans industry median of 22.05. UnitedHealth Group's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For UnitedHealth Group (LIM:UNH), the current PE Ratio without NRI is 25.70 as of Jul. 03, 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 UnitedHealth Group (LIM:UNH) Overvalued in 2026?
Based on GuruFocus' analysis, UnitedHealth Group stock appears to be undervalued.
The current stock price of $420.00 is trading 29.6% below its estimated GF Value™ of $596.36.
GuruFocus considers UnitedHealth Group to be Significantly Undervalued.
Key valuation signals for LIM:UNH:
PE Ratio without NRI: 25.70 (23% above median its 10-year median of 20.89)
GF Value™: $596.36 vs. price of $420.00 (29.6% below fair value)
Industry Position: 16.6% above the Healthcare Plans median (#9 of 16)
No single metric tells the full story. See the LIM:UNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2025. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to affiliates and third parties.
69GF Score
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