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United Therapeutics (BSP:U2TH34) Cyclically Adjusted PB Ratio : 3.03 (As of May. 23, 2024)


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What is United Therapeutics Cyclically Adjusted PB Ratio?

As of today (2024-05-23), United Therapeutics's current share price is R$56.21. United Therapeutics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$18.53. United Therapeutics's Cyclically Adjusted PB Ratio for today is 3.03.

The historical rank and industry rank for United Therapeutics's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:U2TH34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.39   Max: 12.58
Current: 3.65

During the past years, United Therapeutics's highest Cyclically Adjusted PB Ratio was 12.58. The lowest was 2.27. And the median was 4.39.

BSP:U2TH34's Cyclically Adjusted PB Ratio is ranked worse than
70.81% of 651 companies
in the Biotechnology industry
Industry Median: 1.74 vs BSP:U2TH34: 3.65

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

United Therapeutics's adjusted book value per share data for the three months ended in Mar. 2024 was R$601.357. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$18.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Therapeutics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Therapeutics's Cyclically Adjusted PB Ratio 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.

United Therapeutics Cyclically Adjusted PB Ratio Chart

United Therapeutics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.47 3.64 4.24 4.52 3.04

United Therapeutics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 3.47 3.28 3.22 3.04 3.03

Competitive Comparison of United Therapeutics's Cyclically Adjusted PB Ratio

For the Biotechnology subindustry, United Therapeutics's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


United Therapeutics's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, United Therapeutics's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Therapeutics's Cyclically Adjusted PB Ratio falls into.



United Therapeutics Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

United Therapeutics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=56.21/18.53
=3.03

* 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.

United Therapeutics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, United Therapeutics's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=601.357/131.7762*131.7762
=601.357

Current CPI (Mar. 2024) = 131.7762.

United Therapeutics Quarterly Data

Book Value per Share CPI Adj_Book
201406 55.575 100.560 72.827
201409 58.175 100.428 76.334
201412 69.674 99.070 92.676
201503 73.953 99.621 97.823
201506 70.856 100.684 92.737
201509 125.606 100.392 164.873
201512 134.723 99.792 177.902
201603 141.035 100.470 184.980
201606 141.390 101.688 183.225
201609 140.210 101.861 181.388
201612 144.516 101.863 186.955
201703 143.371 102.862 183.672
201706 134.749 103.349 171.813
201709 150.068 104.136 189.900
201712 160.164 104.011 202.919
201803 178.867 105.290 223.863
201806 222.093 106.317 275.277
201809 253.841 106.507 314.067
201812 248.443 105.998 308.863
201903 203.320 107.251 249.815
201906 224.966 108.070 274.316
201909 254.959 108.329 310.142
201912 260.049 108.420 316.069
202003 327.415 108.902 396.188
202006 361.869 108.767 438.420
202009 398.937 109.815 478.718
202012 392.461 109.897 470.596
202103 433.485 111.754 511.148
202106 407.684 114.631 468.659
202109 449.052 115.734 511.295
202112 496.304 117.630 555.992
202203 458.911 121.301 498.541
202206 479.182 125.017 505.090
202209 525.038 125.227 552.499
202212 546.588 125.222 575.198
202303 571.425 127.348 591.296
202306 559.828 128.729 573.081
202309 600.460 129.860 609.323
202312 623.385 129.419 634.737
202403 601.357 131.776 601.357

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


United Therapeutics  (BSP:U2TH34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


United Therapeutics Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of United Therapeutics's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


United Therapeutics (BSP:U2TH34) Business Description

Traded in Other Exchanges
Address
1040 Spring Street, Silver Spring, MD, USA, 20910
United Therapeutics specializes in drug development for pulmonary arterial hypertension, a rare and progressive disease marked by abnormally high blood pressure in the arteries of the lungs. The company's therapies for PAH largely focus on the prostacyclin pathway, and many of its treatments are based on the same molecule, treprostinil. Most of the company's sales are generated within the United States. United Therapeutics also markets a pediatric oncology drug, but its focus largely remains in pulmonary arterial hypertension.

United Therapeutics (BSP:U2TH34) Headlines

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