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Molina Healthcare (STU:MHG) Cyclically Adjusted PB Ratio : 7.31 (As of Jun. 02, 2024)


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What is Molina Healthcare Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Molina Healthcare's current share price is €283.70. Molina Healthcare's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €38.83. Molina Healthcare's Cyclically Adjusted PB Ratio for today is 7.31.

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

STU:MHG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.32   Med: 5.38   Max: 11.52
Current: 7.52

During the past years, Molina Healthcare's highest Cyclically Adjusted PB Ratio was 11.52. The lowest was 2.32. And the median was 5.38.

STU:MHG's Cyclically Adjusted PB Ratio is ranked worse than
100% of 14 companies
in the Healthcare Plans industry
Industry Median: 3.33 vs STU:MHG: 7.52

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.

Molina Healthcare's adjusted book value per share data for the three months ended in Mar. 2024 was €70.558. 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 €38.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Molina Healthcare Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Molina Healthcare'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.

Molina Healthcare Cyclically Adjusted PB Ratio Chart

Molina Healthcare 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 5.65 8.25 10.67 9.53 9.07

Molina Healthcare 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 7.41 8.05 8.45 9.07 9.82

Competitive Comparison of Molina Healthcare's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, Molina Healthcare'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.


Molina Healthcare's Cyclically Adjusted PB Ratio Distribution in the Healthcare Plans Industry

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

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



Molina Healthcare 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.

Molina Healthcare's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=283.70/38.83
=7.31

* 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.

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

For example, Molina Healthcare'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)
=70.558/131.7762*131.7762
=70.558

Current CPI (Mar. 2024) = 131.7762.

Molina Healthcare Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.517 100.560 19.024
201409 15.499 100.428 20.337
201412 16.472 99.070 21.910
201503 19.292 99.621 25.519
201506 23.258 100.684 30.440
201509 24.120 100.392 31.660
201512 25.524 99.792 33.705
201603 25.049 100.470 32.854
201606 25.623 101.688 33.204
201609 26.433 101.861 34.196
201612 27.425 101.863 35.479
201703 28.329 102.862 36.292
201706 23.749 103.349 30.281
201709 21.034 104.136 26.617
201712 18.829 104.011 23.855
201803 20.314 105.290 25.424
201806 22.891 106.317 28.373
201809 21.577 106.507 26.696
201812 23.350 105.998 29.029
201903 25.777 107.251 31.672
201906 24.387 108.070 29.737
201909 26.390 108.329 32.102
201912 28.452 108.420 34.581
202003 25.263 108.902 30.569
202006 30.041 108.767 36.396
202009 31.672 109.815 38.006
202012 29.054 109.897 34.838
202103 31.341 111.754 36.956
202106 33.916 114.631 38.989
202109 36.902 115.734 42.017
202112 40.130 117.630 44.956
202203 42.999 121.301 46.712
202206 46.158 125.017 48.654
202209 52.955 125.227 55.725
202212 48.242 125.222 50.767
202303 52.948 127.348 54.789
202306 57.624 128.729 58.988
202309 62.343 129.860 63.263
202312 66.298 129.419 67.505
202403 70.558 131.776 70.558

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.


Molina Healthcare  (STU:MHG) 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.


Molina Healthcare Cyclically Adjusted PB Ratio Related Terms

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


Molina Healthcare (STU:MHG) Business Description

Traded in Other Exchanges
Address
200 Oceangate, Suite 100, Long Beach, CA, USA, 90802
Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). In addition to its Health Plans segment, Molina has a Medicaid,Medicare, and Marketplace segment that represent the government-funded or sponsored programs under their management information systems. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). Molina also provides plans through health insurance exchanges.

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