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Humana (STU:HUM) Cyclically Adjusted PB Ratio : 3.10 (As of May. 26, 2024)


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What is Humana Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Humana's current share price is €320.40. Humana's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €103.51. Humana's Cyclically Adjusted PB Ratio for today is 3.10.

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

STU:HUM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.64   Med: 4.46   Max: 5.98
Current: 3.15

During the past years, Humana's highest Cyclically Adjusted PB Ratio was 5.98. The lowest was 2.64. And the median was 4.46.

STU:HUM's Cyclically Adjusted PB Ratio is ranked better than
50% of 14 companies
in the Healthcare Plans industry
Industry Median: 3.48 vs STU:HUM: 3.15

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.

Humana's adjusted book value per share data for the three months ended in Mar. 2024 was €123.149. 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 €103.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Humana Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Humana'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.

Humana Cyclically Adjusted PB Ratio Chart

Humana 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 5.33 5.41 5.29 5.18 4.25

Humana 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 4.76 4.28 4.55 4.25 3.12

Competitive Comparison of Humana's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, Humana'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.


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

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

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



Humana 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.

Humana's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=320.40/103.51
=3.10

* 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.

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

For example, Humana'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)
=123.149/131.7762*131.7762
=123.149

Current CPI (Mar. 2024) = 131.7762.

Humana Quarterly Data

Book Value per Share CPI Adj_Book
201406 47.713 100.560 62.525
201409 51.241 100.428 67.236
201412 52.291 99.070 69.554
201503 61.962 99.621 81.962
201506 60.643 100.684 79.370
201509 62.234 100.392 81.690
201512 64.049 99.792 84.577
201603 63.417 100.470 83.177
201606 64.923 101.688 84.133
201609 67.437 101.861 87.242
201612 67.844 101.863 87.767
201703 66.305 102.862 84.943
201706 67.453 103.349 86.007
201709 65.841 104.136 83.317
201712 60.405 104.011 76.530
201803 59.381 105.290 74.319
201806 63.447 106.317 78.640
201809 66.174 106.507 81.874
201812 65.883 105.998 81.906
201903 71.050 107.251 87.297
201906 77.776 108.070 94.837
201909 79.544 108.329 96.760
201912 82.005 108.420 99.671
202003 84.575 108.902 102.340
202006 96.766 108.767 117.236
202009 101.156 109.815 121.386
202012 87.570 109.897 105.004
202103 92.390 111.754 108.942
202106 95.869 114.631 110.208
202109 107.528 115.734 122.432
202112 110.486 117.630 123.774
202203 109.964 121.301 119.460
202206 115.789 125.017 122.049
202209 129.673 125.227 136.455
202212 115.652 125.222 121.705
202303 123.918 127.348 128.227
202306 125.399 128.729 128.368
202309 128.999 129.860 130.903
202312 122.008 129.419 124.230
202403 123.149 131.776 123.149

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.


Humana  (STU:HUM) 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.


Humana Cyclically Adjusted PB Ratio Related Terms

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


Humana (STU:HUM) Business Description

Industry
Traded in Other Exchanges
Address
500 West Main Street, Louisville, KY, USA, 40202
Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.

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