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United Therapeutics (United Therapeutics) Cyclically Adjusted PB Ratio : 3.63 (As of Jun. 09, 2024)


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What is United Therapeutics Cyclically Adjusted PB Ratio?

As of today (2024-06-09), United Therapeutics's current share price is $275.00. United Therapeutics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $75.71. United Therapeutics's Cyclically Adjusted PB Ratio for today is 3.63.

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

UTHR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.36   Max: 12.58
Current: 3.63

During the past years, United Therapeutics's highest Cyclically Adjusted PB Ratio was 12.58. The lowest was 2.27. And the median was 4.36.

UTHR's Cyclically Adjusted PB Ratio is ranked worse than
71.1% of 661 companies
in the Biotechnology industry
Industry Median: 1.75 vs UTHR: 3.63

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 $120.759. 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 $75.71 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
=275.00/75.71
=3.63

* 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)
=120.759/131.7762*131.7762
=120.759

Current CPI (Mar. 2024) = 131.7762.

United Therapeutics Quarterly Data

Book Value per Share CPI Adj_Book
201406 24.855 100.560 32.571
201409 24.884 100.428 32.652
201412 26.373 99.070 35.080
201503 23.542 99.621 31.141
201506 22.771 100.684 29.803
201509 32.180 100.392 42.240
201512 34.715 99.792 45.841
201603 38.138 100.470 50.022
201606 41.301 101.688 53.521
201609 43.099 101.861 55.757
201612 43.088 101.863 55.741
201703 45.842 102.862 58.728
201706 40.890 103.349 52.137
201709 47.907 104.136 60.623
201712 48.608 104.011 61.584
201803 54.549 105.290 68.271
201806 58.895 106.317 72.998
201809 61.781 106.507 76.439
201812 63.976 105.998 79.535
201903 52.938 107.251 65.044
201906 58.346 108.070 71.145
201909 61.891 108.329 75.287
201912 63.357 108.420 77.006
202003 67.008 108.902 81.083
202006 69.746 108.767 84.500
202009 73.877 109.815 88.651
202012 76.284 109.897 91.471
202103 76.926 111.754 90.708
202106 81.075 114.631 93.201
202109 85.064 115.734 96.855
202112 87.765 117.630 98.320
202203 92.217 121.301 100.181
202206 94.931 125.017 100.064
202209 100.129 125.227 105.366
202212 104.203 125.222 109.657
202303 109.708 127.348 113.523
202306 115.340 128.729 118.071
202309 121.583 129.860 123.378
202312 127.227 129.419 129.544
202403 120.759 131.776 120.759

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  (NAS:UTHR) 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 (United Therapeutics) 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.
Executives
Paul A Mahon officer: EVP & General Counsel
Nilda Mesa director C/O UNITED THERAPEUTICS CORPORATION, 1040 SPRING STREET, SILVER SPRING MD 20910
Christopher Causey director
Martine A Rothblatt director, officer: Chief Executive Officer
Louis W Sullivan director
Judy D. Olian director 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Michael Benkowitz officer: President and COO C/O UNITED THERAPEUTICS CORP, 1040 SPRING STREET, SILVER SPRING MD 20910
Christopher Patusky director
Raymond Dwek director
Linda Maxwell director 1040 SPRING STREET, SILVER SPRING NC 27709
Tommy G Thompson director 7711 CARONDELET, ST. LOUIS MO 63105
Katherine J Klein director STEINBERG HALL-DIETRICH HALL, 3620 LOCUST WALK, PHILADELPHIA PA 19104
Richard Giltner director C/O UNITED THERAPEUTICS CORPORTION, 1735 CONNECTICUT AVE. NW, WASHINGTON DC 20009
Roger Jeffs director, officer: President and COO
David Zaccardelli officer: EVP & Chief Operating Officer 300 TRI STATE INTERNATIONAL, SUITE 272, LINCOLNSHIRE IL 60069