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Saturday 7 November 2026 Export UNH’s income statement to Excel — free account

UnitedHealth Group Incorporated

UNH Healthcare Healthcare Plans

UnitedHealth Group Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $447.6 billion, up 11.8% from fiscal 2024.

Revenue
−0.41%
EPS
+76.1%
Free cash flow
−15.7%
Total debt
−5.09%

Quarter to September 2026, against a year earlier

394.15 1.57 −0.40%
Market cap
$354.6B
P/E
22.5×
Fwd P/E
20.4×
Dividend yield
2.30%
F-score
6/9
Altman Z
2.84
Beneish M
−2.41
Dividend safety
76/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

UnitedHealth Group Incorporated (UNH) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, UnitedHealth Group Incorporated (UNH) trades at a P/B ratio of 3.4×. Over the past ten years it has ranged from 2.1× (August 2025) to 6.7× (April 2022); the current reading is higher than 14% of that period. That is above the Healthcare Plans industry median of 2.8× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

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 newest first

Period P/B ratio Change
Sep 2026 3.2× (11.85%)
Jun 2026 3.6× 51.69%
Mar 2026 2.4× (21.03%)
Dec 2025 3.0× (2.77%)
43 more quarters

Against its own ten years

Low 2.1× High 6.7×
Ten-year median 4.5×
Current reading's percentile 12

P/B ratio against peers

Company P/B ratio
CVS CVS Health Corporation compare 1.3×
CNC Centene Corporation compare 1.5×
CI Cigna Group compare 1.8×
ELV Elevance Health, Inc. compare 2.1×
MOH Molina Healthcare, Inc compare 2.6×
HUM Humana Inc. compare 2.8×
UNH UnitedHealth Group Incorporated 3.4×
OSCR Oscar Health, Inc. compare 4.3×
PGNY Progyny, Inc. compare 6.4×
Healthcare Plans industry median 2.8×
Healthcare sector median 2.3×
Market median 1.7×

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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