Question 1

What is Humana's P/B ratio?

Accepted Answer

Humana (HUM) P/B ratio is 2.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Humana?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Humana specifically, the relevant sector benchmark is the current sector median of 3.2×.

Question 5

Is Humana's P/B ratio high or low?

Accepted Answer

Humana's P/B ratio of 2.6× is below its own 5-year average of 2.9× and below the sector median of 3.2×. That places the current reading at the 41th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Humana's historical P/B ratio range?

Accepted Answer

In the available daily series, Humana (HUM) P/B ratio has ranged from a low of 0.9× in 2003 to a high of 4.6× in 2022. The 5-year average is 2.9× and the 5-year median is 3.2×.

Question 7

What was Humana's P/B ratio in 2025?

Accepted Answer

Humana (HUM) P/B ratio at the end of 2025 was 1.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Humana's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$30.8B	$17.7B	1.7×	-0.1×	Dec 31, 2025
2024	$30.5B	$16.4B	1.9×	-1.6×	Dec 31, 2024
2023	$56.1B	$16.3B	3.4×	-0.8×	Dec 31, 2023
2022	$64.4B	$15.3B	4.2×	+0.5×	Dec 31, 2022
2021	$59.7B	$16.1B	3.7×	-0.2×	Dec 31, 2021
2020	$54.2B	$13.7B	3.9×	-0.1×	Dec 31, 2020
2019	$48.5B	$12B	4.0×	+0.2×	Dec 31, 2019
2018	$39.1B	$10.2B	3.9×	+0.3×	Dec 31, 2018
2017	$35.1B	$9.84B	3.6×	+0.7×	Dec 31, 2017
2016	$30.5B	$10.7B	2.9×	+0.3×	Dec 31, 2016
2015	$26.6B	$10.3B	2.6×	+0.3×	Dec 31, 2015
2014	$21.8B	$9.65B	2.3×	+0.5×	Dec 31, 2014
2013	$16.1B	$9.32B	1.7×	+0.5×	Dec 31, 2013
2012	$10.9B	$8.85B	1.2×	-0.5×	Dec 31, 2012
2011	$14.3B	$8.06B	1.8×	+0.5×	Dec 31, 2011
2010	$9.14B	$6.92B	1.3×	+0.0×	Dec 31, 2010
2009	$7.36B	$5.78B	1.3×	-0.1×	Dec 31, 2009
2008	$6.21B	$4.46B	1.4×	-1.7×	Dec 31, 2008
2007	$12.6B	$4.03B	3.1×	+0.1×	Dec 31, 2007
2006	$9.14B	$3.05B	3.0×	-0.5×	Dec 31, 2006
2005	$8.69B	$2.47B	3.5×	+1.3×	Dec 31, 2005
2004	$4.7B	$2.09B	2.2×	+0.2×	Dec 31, 2004
2003	$3.68B	$1.84B	2.0×	+0.9×	Dec 31, 2003
2002	$1.79B	$1.61B	1.1×	—	Dec 31, 2002


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Charles River (CRL)	2.6×
Danaher (DHR)	2.6×
Spruce Biosciences (SPRB)	2.6×
Regeneron Pharmaceuticals (REGN)	2.6×
Henry Schein (HSIC)	2.5×
Labcorp Holdings (LH)	2.5×
Solventum (SOLV)	2.3×
Medtronic (MDT)	2.2×
Elevance Health (ELV)	1.9×
Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Cigna (CI)	1.7×
Waters Corporation (WAT)	1.6×
Cooper Companies (COO)	1.5×
Universal Health Services (UHS)	1.5×
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Revvity (RVTY)	1.4×
CVS Health (CVS)	1.2×
Viatris (VTRS)	1.1×
Ovid Therapeutics (OVID)	0.8×
Centene (CNC)	0.8×
Teladoc Health (TDOC)	0.7×

P/B Ratio for Humana (HUM) 2002-2026

P/B Ratio daily chart for Humana (HUM)

Historical P/B Ratio for Humana (HUM) from 2002 to 2025

About P/B Ratio at Humana (HUM)

Humana P/B Ratio by Year

Humana P/B Ratio 2025: 1.7×

Humana P/B Ratio 2024: 1.9×

Humana P/B Ratio 2023: 3.4×

Humana P/B Ratio 2022: 4.2×

Humana P/B Ratio 2021: 3.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Humana (HUM) Key Financials