UnitedHealth Group Incorporated (UNH) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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UNH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, UnitedHealth Group Incorporated (UNH) trades at a price-to-earnings ratio of 27.5x, with a stock price of $363.87 and trailing twelve-month earnings per share of $13.24.
The current P/E is roughly in line with its 5-year average of 25.2x. Over the past five years, UNH's P/E has ranged from a low of 13.5x to a high of 38.1x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Healthcare sector median P/E of 22.2x, UNH trades at a 24% premium to its sector peers. The sector includes 241 companies with P/E ratios ranging from 0.0x to 171.0x.
Relative to the broader market, UNH trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our UNH DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
UNH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $103B | 58.1 | - | -62% | |
| $80B | 14.7 | 2.12Best | -2% | |
| $73B | 12.4Lowest | - | +83%Best | |
| $29B | 24.3 | - | -1% | |
| $10B | 21.5 | - | -56% | |
| $2B | 26.8 | - | +53% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
UNH Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $270.59 | $13.24 | 20.4x | +0% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $330.11 | $13.19 | 25.0x | +23% |
| FY2025 Q3 | $345.30 | $19.16 | 18.0x | -12% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $311.97 | $23.08 | 13.5x | -34% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $523.75 | $23.88 | 21.9x | +7% |
| FY2024 Q4 | $505.86 | $15.50 | 32.6x | +60% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $584.68 | $15.35 | 38.1x | +87% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $509.26 | $15.08 | 33.8x | +65% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $494.70 | $16.36 | 30.2x | +48% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $526.47 | $23.84 | 22.1x | +8% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $504.19 | $23.04 | 21.9x | +7% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $480.64 | $22.35 | 21.5x | +5% |
Average P/E for displayed period: 20.4x
Full UNH Stock Analysis
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Start ComparisonUNH — Frequently Asked Questions
Quick answers to the most common questions about buying UNH stock.
Is UNH stock overvalued or undervalued?
UNH trades at 27.5x P/E, near its 5-year average of 25.2x. The 70th percentile ranking places valuation within normal historical bounds.
How does UNH's valuation compare to peers?
UnitedHealth Group Incorporated P/E of 27.5x compares to sector median of 22.2x. The premium reflects expected growth above peers.
What is UNH's PEG ratio?
UNH PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.