Question 1

What is Universal Health Services's P/B ratio?

Accepted Answer

Universal Health Services (UHS) P/B ratio is 1.2× as of June 5, 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 Universal Health Services?

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 Universal Health Services specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Universal Health Services's P/B ratio high or low?

Accepted Answer

Universal Health Services's P/B ratio of 1.2× is below its own 5-year average of 1.7× and below the sector median of 3.4×. That places the current reading at the 1th 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 Universal Health Services's historical P/B ratio range?

Accepted Answer

In the available daily series, Universal Health Services (UHS) P/B ratio has ranged from a low of 1.1× in 2022 to a high of 3.5× in 2015. The 5-year average is 1.7× and the 5-year median is 1.8×.

Question 7

What was Universal Health Services's P/B ratio in 2025?

Accepted Answer

Universal Health Services (UHS) P/B ratio at the end of 2025 was 1.9×. 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 Universal Health Services'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	$13.86B	$7.28B	1.9×	+0.1×	Dec 31, 2025
2024	$11.77B	$6.67B	1.8×	+0.1×	Dec 31, 2024
2023	$10.34B	$6.15B	1.7×	-0.0×	Dec 31, 2023
2022	$10.03B	$5.92B	1.7×	+0.0×	Dec 31, 2022
2021	$10.22B	$6.09B	1.7×	-0.2×	Dec 31, 2021
2020	$11.65B	$6.32B	1.8×	-0.4×	Dec 31, 2020
2019	$12.51B	$5.50B	2.3×	+0.3×	Dec 31, 2019
2018	$10.75B	$5.39B	2.0×	-0.2×	Dec 31, 2018
2017	$10.71B	$4.99B	2.1×	-0.1×	Dec 31, 2017
2016	$10.32B	$4.53B	2.3×	-0.5×	Dec 31, 2016
2015	$11.76B	$4.25B	2.8×	-0.2×	Dec 31, 2015
2014	$10.99B	$3.74B	2.9×	+0.5×	Dec 31, 2014
2013	$8.01B	$3.25B	2.5×	+0.7×	Dec 31, 2013
2012	$4.72B	$2.71B	1.7×	+0.1×	Dec 31, 2012
2011	$3.75B	$2.30B	1.6×	-0.5×	Dec 31, 2011
2010	$4.23B	$1.98B	2.1×	+0.5×	Dec 31, 2010
2009	$2.94B	$1.75B	1.7×	+0.5×	Dec 31, 2009
2008	$1.85B	$1.54B	1.2×	-0.5×	Dec 31, 2008
2007	$2.62B	$1.52B	1.7×	-0.4×	Dec 31, 2007
2006	$2.96B	$1.40B	2.1×	+0.0×	Dec 31, 2006
2005	$2.51B	$1.21B	2.1×	-0.0×	Dec 31, 2005
2004	$2.56B	$1.22B	2.1×	-0.7×	Dec 31, 2004
2003	$3.09B	$1.09B	2.8×	-0.0×	Dec 31, 2003
2002	$2.63B	$917.46M	2.9×	-0.3×	Dec 31, 2002
2001	$2.56B	$807.90M	3.2×	—	Dec 31, 2001


Align Technology (ALGN)	3.0×
Quest Diagnostics (DGX)	2.9×
Moderna (MRNA)	2.7×
Charles River (CRL)	2.6×
Regeneron Pharmaceuticals (REGN)	2.6×
Henry Schein (HSIC)	2.5×
Labcorp Holdings (LH)	2.5×
Danaher (DHR)	2.4×
UnitedHealth Group (UNH)	2.4×
Solventum (SOLV)	2.3×
Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Molina Healthcare (MOH)	1.7×
Cigna (CI)	1.7×
Waters Corporation (WAT)	1.6×
Cooper Companies (COO)	1.5×
Elevance Health (ELV)	1.5×
Biogen (BIIB)	1.4×
Baxter International (BAX)	1.4×
Revvity (RVTY)	1.4×
Zimmer Biomet Holdings (ZBH)	1.2×
CVS Health (CVS)	1.2×
Humana (HUM)	1.1×
Viatris (VTRS)	1.1×
Centene (CNC)	0.8×

P/B Ratio for Universal Health Services (UHS)

P/B Ratio daily chart for Universal Health Services (UHS)

Historical P/B Ratio for Universal Health Services (UHS) from 2001 to 2025

About P/B Ratio at Universal Health Services (UHS)

Universal Health Services P/B Ratio by Year

Universal Health Services P/B Ratio 2025: 1.9×

Universal Health Services P/B Ratio 2024: 1.8×

Universal Health Services P/B Ratio 2023: 1.7×

Universal Health Services P/B Ratio 2022: 1.7×

Universal Health Services P/B Ratio 2021: 1.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Universal Health Services (UHS) Key Financials

P/B Ratio daily chart for Universal Health Services (UHS)

Historical P/B Ratio for Universal Health Services (UHS) from 2001 to 2025

About P/B Ratio at Universal Health Services (UHS)

Universal Health Services P/B Ratio by Year

Universal Health Services P/B Ratio 2025: 1.9×

Universal Health Services P/B Ratio 2024: 1.8×

Universal Health Services P/B Ratio 2023: 1.7×

Universal Health Services P/B Ratio 2022: 1.7×

Universal Health Services P/B Ratio 2021: 1.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Universal Health Services's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Universal Health Services?

+Is Universal Health Services's P/B ratio high or low?

+What is Universal Health Services's historical P/B ratio range?

+What was Universal Health Services's P/B ratio in 2025?

+Why does Universal Health Services's P/B ratio change over time?

Universal Health Services (UHS) Key Financials