UnitedHealth Group Incorporated UNH

376.59 1.58 0.42% as of 25 Sep
Market cap
$336.8B
P/E
24.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

UnitedHealth Group Incorporated (UNH) P/B ratio

As of 25 September 2026, UnitedHealth Group Incorporated (UNH) trades at a P/B ratio of 3.3×. Over the past ten years it has ranged from 2.1× (August 2025) to 6.7× (April 2022); the current reading is higher than 10% of that period. That is above the Healthcare Plans industry median of 2.5× and above the Healthcare sector median of 2.5×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 3.0× (36.84%)
FY2024 4.7× (10.56%)
FY2023 5.3× (11.16%)
FY2022 6.0× (5.44%)
FY2021 6.3× 29.55%
FY2020 4.9× 5.29%
FY2019 4.6× 4.74%
FY2018 4.4× 3.23%
FY2017 4.3× 6.27%
FY2016 4.0× 21.11%

Quarterly

Period P/B ratio Change
Jun 2026 3.6× 51.69%
Mar 2026 2.4× (21.03%)
Dec 2025 3.0× (2.77%)
Sep 2025 3.1× 9.36%
42 more quarters

Against its own ten years

Low 2.1× High 6.7×
Ten-year median 4.5×
Current reading's percentile 10

P/B ratio against peers

Company P/B ratio
CNC Centene Corporation compare 1.3×
CVS CVS Health Corporation compare 1.4×
CI Cigna Group compare 1.7×
ELV Elevance Health, Inc. compare 1.9×
MOH Molina Healthcare, Inc compare 2.3×
HUM Humana Inc. compare 2.5×
UNH UnitedHealth Group Incorporated 3.3×
OSCR Oscar Health, Inc. compare 4.4×
CLOV Clover Health Investments, Corp. compare 6.3×
Healthcare Plans industry median 2.5×
Healthcare sector median 2.5×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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