Universal Health Services, Inc. (UHS) Financial Ratios
30 years of historical data (1996–2025) · Healthcare · Medical - Care Facilities
EV/EBITDA
↓
6.14
↓-27% vs avg
5yr avg: 8.39
30Y Low4.4·High13.4
P/FCF
↓
12.57
↓-87% vs avg
5yr avg: 94.90
30Y Low7.2·High111.5
P/B Ratio
↑
1.48
↓-17% vs avg
5yr avg: 1.78
30Y Low1.1·High4.3
ROE
↑
21.0%
↓+36% vs avg
5yr avg: 15.5%
30Y Low10%·High21%
Debt/EBITDA
↓
2.11
↓-20% vs avg
5yr avg: 2.62
30Y Low0.9·High5.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UHS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Universal Health Services, Inc. trades at 7.4x earnings, 40% below its 5-year average of 12.3x, sitting at the 0th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.3x, the stock trades at a discount of 67%. On a free-cash-flow basis, the stock trades at 12.6x P/FCF, 87% below the 5-year average of 94.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.7B | $14.1B | $12.2B | $10.7B | $10.4B | $10.9B | $11.8B | $12.8B | $10.9B | $10.9B | $10.5B |
| Enterprise Value | $16.0B | $19.4B | $17.0B | $15.9B | $15.6B | $15.3B | $14.7B | $17.0B | $14.8B | $14.9B | $14.6B |
| P/E Ratio → | 7.38 | 9.44 | 10.67 | 14.90 | 15.41 | 10.97 | 12.51 | 15.71 | 14.01 | 14.51 | 14.90 |
| P/S Ratio | 0.61 | 0.81 | 0.77 | 0.75 | 0.78 | 0.86 | 1.02 | 1.12 | 1.01 | 1.05 | 1.07 |
| P/B Ratio | 1.48 | 1.90 | 1.80 | 1.72 | 1.74 | 1.75 | 1.84 | 2.29 | 2.00 | 2.16 | 2.27 |
| P/FCF | 12.57 | 16.55 | 10.84 | 20.37 | 39.70 | 387.06 | 7.24 | 16.48 | 20.65 | 19.05 | 78.54 |
| P/OCF | 5.73 | 7.54 | 5.89 | 8.43 | 10.44 | 12.28 | 4.99 | 8.88 | 8.15 | 9.23 | 8.12 |
P/E links to full P/E history page with 30-year chart
UHS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Universal Health Services, Inc.'s enterprise value stands at 6.1x EBITDA, 27% below its 5-year average of 8.4x. The Healthcare sector median is 14.4x, placing the stock at a 57% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.12 | 1.07 | 1.12 | 1.16 | 1.21 | 1.28 | 1.50 | 1.38 | 1.43 | 1.49 |
| EV / EBITDA | 6.14 | 7.43 | 7.51 | 9.14 | 9.82 | 8.07 | 7.89 | 9.98 | 9.10 | 8.61 | 8.58 |
| EV / EBIT | 8.05 | 9.14 | 10.12 | 13.89 | 15.68 | 11.11 | 10.85 | 13.85 | 12.54 | 11.73 | 11.52 |
| EV / FCF | — | 22.87 | 15.14 | 30.37 | 59.42 | 545.57 | 9.06 | 21.97 | 28.00 | 25.97 | 109.32 |
UHS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Universal Health Services, Inc. earns an operating margin of 11.5%. Operating margins have expanded from 8.2% to 11.5% over the past 3 years, signaling improving operational efficiency. ROE of 21.0% indicates solid capital efficiency. ROIC of 12.3% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.4% | 90.4% | 90.0% | 89.3% | 89.0% | 88.7% | 88.9% | 89.0% | 89.2% | 89.4% | 89.4% |
| Operating Margin | 11.5% | 11.5% | 10.6% | 8.2% | 7.5% | 10.8% | 11.8% | 10.7% | 10.9% | 12.3% | 13.1% |
| Net Profit Margin | 8.6% | 8.6% | 7.2% | 5.0% | 5.0% | 7.8% | 8.2% | 7.2% | 7.2% | 7.2% | 7.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.0% | 21.0% | 17.6% | 11.8% | 11.1% | 15.7% | 15.7% | 14.7% | 14.8% | 15.6% | 15.3% |
| ROA | 9.8% | 9.8% | 8.0% | 5.2% | 5.1% | 7.5% | 7.5% | 7.1% | 7.1% | 7.1% | 7.0% |
| ROIC | 12.3% | 12.3% | 10.9% | 7.8% | 6.9% | 10.2% | 10.6% | 9.5% | 9.6% | 10.8% | 11.6% |
| ROCE | 16.0% | 16.0% | 13.9% | 10.0% | 8.8% | 12.3% | 12.9% | 12.2% | 12.5% | 14.3% | 14.6% |
UHS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Universal Health Services, Inc. carries a Debt/EBITDA ratio of 2.1x, which is manageable (36% below the sector average of 3.3x). Net debt stands at $5.4B ($5.5B total debt minus $138M cash). Interest coverage of 13.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.74 | 0.73 | 0.87 | 0.88 | 0.74 | 0.65 | 0.77 | 0.73 | 0.80 | 0.90 |
| Debt / EBITDA | 2.11 | 2.11 | 2.19 | 3.08 | 3.32 | 2.40 | 2.24 | 2.53 | 2.46 | 2.34 | 2.44 |
| Net Debt / Equity | — | 0.72 | 0.71 | 0.85 | 0.87 | 0.72 | 0.46 | 0.76 | 0.71 | 0.78 | 0.89 |
| Net Debt / EBITDA | 2.06 | 2.06 | 2.13 | 3.01 | 3.26 | 2.34 | 1.59 | 2.49 | 2.39 | 2.29 | 2.42 |
| Debt / FCF | — | 6.32 | 4.30 | 10.00 | 19.73 | 158.51 | 1.83 | 5.48 | 7.36 | 6.92 | 30.79 |
| Interest Coverage | 13.51 | 13.51 | 8.96 | 5.53 | 7.80 | 16.15 | 12.45 | 7.55 | 7.63 | 8.88 | 10.84 |
UHS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.05x means Universal Health Services, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.40x to 1.05x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.05 | 1.05 | 1.27 | 1.40 | 1.33 | 1.14 | 1.32 | 1.23 | 1.34 | 0.97 | 1.28 |
| Quick Ratio | 0.98 | 0.98 | 1.17 | 1.29 | 1.21 | 1.04 | 1.25 | 1.12 | 1.24 | 0.90 | 1.18 |
| Cash Ratio | 0.04 | 0.04 | 0.06 | 0.06 | 0.05 | 0.06 | 0.49 | 0.04 | 0.07 | 0.04 | 0.03 |
| Asset Turnover | — | 1.09 | 1.09 | 1.02 | 0.99 | 0.97 | 0.86 | 0.98 | 0.96 | 0.97 | 0.95 |
| Inventory Turnover | 7.15 | 7.15 | 7.19 | 7.06 | 6.75 | 6.90 | 6.76 | 7.83 | 7.89 | 8.12 | 8.23 |
| Days Sales Outstanding | — | 54.70 | 50.22 | 57.20 | 54.96 | 50.43 | 54.60 | 50.07 | 51.16 | 52.63 | 53.80 |
UHS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Universal Health Services, Inc. returns 9.5% to shareholders annually — split between a 0.5% dividend yield and 9.1% buyback yield. The payout ratio of 3.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 13.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.4% | 0.4% | 0.5% | 0.6% | 0.6% | 0.1% | 0.4% | 0.3% | 0.4% | 0.4% |
| Payout Ratio | 3.4% | 3.4% | 4.7% | 7.7% | 8.7% | 6.6% | 1.8% | 6.5% | 4.8% | 5.1% | 5.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.5% | 10.6% | 9.4% | 6.7% | 6.5% | 9.1% | 8.0% | 6.4% | 7.1% | 6.9% | 6.7% |
| FCF Yield | 8.0% | 6.0% | 9.2% | 4.9% | 2.5% | 0.3% | 13.8% | 6.1% | 4.8% | 5.2% | 1.3% |
| Buyback Yield | 9.1% | 6.9% | 5.5% | 5.1% | 8.0% | 11.3% | 1.8% | 6.0% | 3.6% | 3.3% | 3.4% |
| Total Shareholder Yield | 9.5% | 7.3% | 5.9% | 5.6% | 8.6% | 11.9% | 1.9% | 6.4% | 4.0% | 3.7% | 3.7% |
| Shares Outstanding | — | $64M | $68M | $70M | $74M | $84M | $86M | $89M | $94M | $96M | $98M |
Peer Comparison
Compare UHS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 UHSYou | $11B | 7.4 | 6.1 | 12.6 | 90.4% | 11.5% | 21.0% | 12.3% | 2.1 |
 HCA | $96B | 15.1 | 9.4 | 12.5 | 41.5% | 15.8% | — | 19.9% | 3.2 |
 THC | $17B | 12.5 | 6.3 | 6.7 | 82.3% | 16.1% | 16.1% | 13.2% | 3.1 |
 CYH | $408M | 0.8 | — | 2.0 | 8.7% | -79.4% | — | -70.1% | — |
 ENSG | $10B | 29.8 | 25.7 | 27.5 | 13.7% | 8.6% | 16.9% | 7.0% | 7.7 |
 ACHC | $2B | -2.0 | 8.3 | — | 17.6% | 11.7% | -41.4% | 5.9% | 4.6 |
 SEM | $2B | 13.9 | 12.0 | 5.3 | 11.5% | 6.1% | 7.3% | 4.8% | 7.8 |
 SGRY | $2B | -23.5 | 10.0 | 9.6 | 23.1% | 11.8% | -2.2% | 4.1% | 7.1 |
 USPH | $897M | 41.5 | 12.5 | 14.7 | 20.1% | 10.3% | 2.0% | 5.6% | 4.1 |
 PRAA | $803M | -2.7 | 1.7 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 UNH | $336B | 27.9 | 16.7 | 20.9 | 18.5% | 4.2% | 11.8% | 9.2% | 3.4 |
| Healthcare Median | — | 22.3 | 14.4 | 18.5 | 63.9% | -5.2% | -33.7% | -11.2% | 3.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonUHS — Frequently Asked Questions
Quick answers to the most common questions about buying UHS stock.
What is Universal Health Services, Inc.'s P/E ratio?
Universal Health Services, Inc.'s current P/E ratio is 7.4x. The historical average is 16.0x.
What is Universal Health Services, Inc.'s EV/EBITDA?
Universal Health Services, Inc.'s current EV/EBITDA is 6.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
What is Universal Health Services, Inc.'s ROE?
Universal Health Services, Inc.'s return on equity (ROE) is 21.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 14.5%.
Is UHS stock overvalued?
Based on historical data, Universal Health Services, Inc. is trading at a P/E of 7.4x. Compare with industry peers and growth rates for a complete picture.
What is Universal Health Services, Inc.'s dividend yield?
Universal Health Services, Inc.'s current dividend yield is 0.47% with a payout ratio of 3.4%.
What are Universal Health Services, Inc.'s profit margins?
Universal Health Services, Inc. has 90.4% gross margin and 11.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Universal Health Services, Inc. have?
Universal Health Services, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.