U S Physical Therapy (USPH) Price to Book (2009 - 2026)
U S Physical Therapy's Price to Book came in at 2.28 for Q2 2026, down 3.6% from 2.37 a year earlier and down 6.1% from the prior quarter.
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Analysis
U S Physical Therapy (USPH) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, U S Physical Therapy's Price to Book was 2.48, down 10.0% from FY2024.
- Price to Book has declined in each of the last six years.
- Going back by year, Price to Book was 2.75 in FY2024 (-6.4%), 2.94 in FY2023 (-11.7%), 3.33 in FY2022 (-20.0%) and 4.16 in FY2021 (-25.5%).
- The Q2 2026 figure represents the lowest quarterly Price to Book since Q1 2025.
- Year-over-year, Price to Book increased in 1 of the last eight quarters, with an average decline of 9.1%.
- The fastest year-over-year change in Price to Book over five years came in Q3 2021 (growth of 17.0%), and the weakest in Q1 2025 (a decline of 37.7%).
- Business Quant data shows USPH's Price to Book at 2.43 (Q1 2026), 2.48 (Q4 2025) and 2.56 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn |
| 10 | U S Physical Therapy | 1.48 Bn | 1.71 Bn | 43.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.98 |
| Jun 30, 2026 | 2.28 |
| Mar 31, 2026 | 2.43 |
| Dec 31, 2025 | 2.48 |
| Sep 30, 2025 | 2.56 |
| Jun 30, 2025 | 2.37 |
| Mar 31, 2025 | 2.20 |
| Dec 31, 2024 | 2.75 |
| Sep 30, 2024 | 2.64 |
| Jun 30, 2024 | 2.87 |
| Mar 31, 2024 | 3.53 |
| Dec 31, 2023 | 2.94 |
| Sep 30, 2023 | 2.79 |
| Jun 30, 2023 | 3.71 |
| Mar 31, 2023 | 4.00 |
| Dec 31, 2022 | 3.33 |
| Sep 30, 2022 | 3.10 |
| Jun 30, 2022 | 4.60 |
| Mar 31, 2022 | 4.28 |
| Dec 31, 2021 | 4.16 |
API Access
U S Physical Therapy Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=USPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "USPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=USPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();