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UNH (UnitedHealth Group) Cyclically Adjusted Price-to-FCF : 14.65 (As of Jul. 11, 2025)


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What is UnitedHealth Group Cyclically Adjusted Price-to-FCF?

As of today (2025-07-11), UnitedHealth Group's current share price is $304.10. UnitedHealth Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $20.76. UnitedHealth Group's Cyclically Adjusted Price-to-FCF for today is 14.65.

The historical rank and industry rank for UnitedHealth Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

UNH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.06   Med: 29.45   Max: 39.68
Current: 14.43

During the past years, UnitedHealth Group's highest Cyclically Adjusted Price-to-FCF was 39.68. The lowest was 14.06. And the median was 29.45.

UNH's Cyclically Adjusted Price-to-FCF is ranked worse than
91.67% of 12 companies
in the Healthcare Plans industry
Industry Median: 11.475 vs UNH: 14.43

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

UnitedHealth Group's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $4.965. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $20.76 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


UnitedHealth Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for UnitedHealth Group's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

UnitedHealth Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.90 37.94 33.51 28.65 24.97

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 Price-to-FCF 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 26.57 26.42 28.72 24.97 25.23

Competitive Comparison of UnitedHealth Group's Cyclically Adjusted Price-to-FCF

For the Healthcare Plans subindustry, UnitedHealth Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where UnitedHealth Group's Cyclically Adjusted Price-to-FCF falls into.


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UnitedHealth Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

UnitedHealth Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=304.10/20.76
=14.65

* 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 FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4.965/134.9266*134.9266
=4.965

Current CPI (Mar. 2025) = 134.9266.

UnitedHealth Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.849 100.684 1.138
201509 2.524 100.392 3.392
201512 3.130 99.792 4.232
201603 1.958 100.470 2.629
201606 1.339 101.688 1.777
201609 7.013 101.861 9.290
201612 -1.957 101.863 -2.592
201703 6.102 102.862 8.004
201706 1.780 103.349 2.324
201709 7.159 104.136 9.276
201712 -3.238 104.011 -4.200
201803 7.996 105.290 10.247
201806 3.589 106.317 4.555
201809 0.403 106.507 0.511
201812 1.876 105.998 2.388
201903 2.741 107.251 3.448
201906 5.663 108.070 7.070
201909 2.810 108.329 3.500
201912 5.768 108.420 7.178
202003 2.572 108.902 3.187
202006 9.950 108.767 12.343
202009 2.672 109.815 3.283
202012 5.751 109.897 7.061
202103 5.681 111.754 6.859
202106 5.207 114.631 6.129
202109 7.279 115.734 8.486
202112 2.639 117.630 3.027
202203 4.994 121.301 5.555
202206 6.541 125.017 7.059
202209 18.803 125.227 20.259
202212 -5.701 125.222 -6.143
202303 16.508 127.348 17.490
202306 10.854 128.729 11.377
202309 6.479 129.860 6.732
202312 -6.601 129.419 -6.882
202403 0.435 131.776 0.445
202406 6.350 132.554 6.464
202409 13.929 133.029 14.128
202412 1.573 133.157 1.594
202503 4.965 134.927 4.965

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


UnitedHealth Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of UnitedHealth Group's Cyclically Adjusted Price-to-FCF 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

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