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UNH (UnitedHealth Group) Cyclically Adjusted PB Ratio : 4.06 (As of Jul. 05, 2025)


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What is UnitedHealth Group Cyclically Adjusted PB Ratio?

As of today (2025-07-05), UnitedHealth Group's current share price is $308.55. UnitedHealth Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $76.00. UnitedHealth Group's Cyclically Adjusted PB Ratio for today is 4.06.

The historical rank and industry rank for UnitedHealth Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

UNH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.84   Med: 7.33   Max: 10.04
Current: 4.06

During the past years, UnitedHealth Group's highest Cyclically Adjusted PB Ratio was 10.04. The lowest was 3.84. And the median was 7.33.

UNH's Cyclically Adjusted PB Ratio is ranked worse than
71.43% of 14 companies
in the Healthcare Plans industry
Industry Median: 2.165 vs UNH: 4.06

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

UnitedHealth Group's adjusted book value per share data for the three months ended in Mar. 2025 was $104.437. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $76.00 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


UnitedHealth Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for UnitedHealth Group's Cyclically Adjusted 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.

* Premium members only.

UnitedHealth Group Cyclically Adjusted PB Ratio Chart

UnitedHealth Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.92 9.71 8.94 7.95 6.88

UnitedHealth Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.20 7.23 8.11 6.88 6.89

Competitive Comparison of UnitedHealth Group's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, UnitedHealth Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


UnitedHealth Group's Cyclically Adjusted PB Ratio Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where UnitedHealth Group's Cyclically Adjusted PB Ratio falls into.


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UnitedHealth Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

UnitedHealth Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=308.55/76.00
=4.06

* 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.

UnitedHealth Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, UnitedHealth Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=104.437/134.9266*134.9266
=104.437

Current CPI (Mar. 2025) = 134.9266.

UnitedHealth Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 34.685 100.684 46.481
201509 34.747 100.392 46.700
201512 35.498 99.792 47.996
201603 36.865 100.470 49.508
201606 38.261 101.688 50.767
201609 39.550 101.861 52.389
201612 40.204 101.863 53.254
201703 43.423 102.862 56.959
201706 44.726 103.349 58.392
201709 46.747 104.136 60.569
201712 49.304 104.011 63.959
201803 49.431 105.290 63.345
201806 50.201 106.317 63.710
201809 51.985 106.507 65.857
201812 53.850 105.998 68.547
201903 54.275 107.251 68.281
201906 56.016 108.070 69.937
201909 58.074 108.329 72.332
201912 60.776 108.420 75.634
202003 60.166 108.902 74.544
202006 66.973 108.767 83.080
202009 68.737 109.815 84.455
202012 69.229 109.897 84.996
202103 70.343 111.754 84.929
202106 73.186 114.631 86.143
202109 74.605 115.734 86.977
202112 76.259 117.630 87.473
202203 77.493 121.301 86.198
202206 77.882 125.017 84.056
202209 79.835 125.227 86.019
202212 83.268 125.222 89.721
202303 87.245 127.348 92.437
202306 88.838 128.729 93.115
202309 91.345 129.860 94.909
202312 96.056 129.419 100.143
202403 94.226 131.776 96.479
202406 97.024 132.554 98.761
202409 102.421 133.029 103.882
202412 101.266 133.157 102.612
202503 104.437 134.927 104.437

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


UnitedHealth Group  (NYSE:UNH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


UnitedHealth Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of UnitedHealth Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


UnitedHealth Group Business Description

Address
1 Health Drive, Eden Prairie, MN, USA, 55344
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 2024. 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 both affiliated and third-party customers.
Executives
John F Rex officer: EVP Chief Financial Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Stephen J Hemsley director, officer: Pres & COO, UnitedHealth Grp 200 WASHINGTON AVE N, SUITE 200, MINNEAPOLIS MN 55401
Kristen Gil director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Timothy Patrick Flynn director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
John H Noseworthy director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Erin Mcsweeney officer: EVP Chief People Officer EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Thomas E Roos officer: Chief Accounting Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Andrew Witty director, officer: CEO, UHG C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Charles D. Baker director 311 ARSENAL STREET, WATERTOWN MA 02472
Dirk C Mcmahon officer: President & CEO, UHC C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Mcnabb Frederick William Iii director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Richard T Burke director 3962 TOMAHAWK TRAIL, MEDINA MN 55340
Rupert M Bondy officer: EVP & Chief Legal Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Paul R Garcia director 214 N TRYON STREET, CHARLOTTE NC 28202
Brian R Thompson officer: CEO, UnitedHealthcare C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343

UnitedHealth Group Headlines

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