Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

$24.99

Price to Operating Profit (P/OP)
since 2005

Microsoft Excel

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

UnitedHealth Group Inc., P/OP, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of UnitedHealth Group Inc. Annual Report.


Share Price Trend
The share price exhibited volatility in the early years, declining from $58.89 in 2006 to a low of $28.55 in 2009. From 2009 onwards, there was a notable upward trajectory, with the share price increasing steadily and peaking at $498.28 in 2024 before declining slightly to $468.56 in 2025. This overall growth indicates strong market confidence and positive valuation over the long term despite short-term fluctuations.
Operating Profit Per Share (OPPS) Trend
The operating profit per share showed a generally consistent upward trend from $3.96 in 2006 to $35.3 in 2025. There was a brief dip in 2009 corresponding with the share price decline, potentially reflecting economic conditions impacting profitability. However, after 2009, the OPPS increased steadily, suggesting improving operational efficiency and profitability over time.
Price to Operating Profit (P/OP) Ratio Analysis
The price-to-operating profit ratio decreased from 14.87 in 2006 to a low of 5.9–6.59 in the period 2009–2011, reflecting undervaluation or improved earnings relative to price during that timeframe. Following this, the ratio generally increased, reaching 18.77 in 2022, indicating that the share price grew at a faster pace than operating profits during those years. More recently, the P/OP ratio moderated to approximately 13.27 in 2025, suggesting a slight revaluation or alignment between price and profit levels.
Summary of Key Insights
The data reveals an initial period of decline in both share price and operating profit per share during the late 2000s, likely influenced by macroeconomic factors. Subsequently, both metrics demonstrated sustained growth. The share price rose more sharply than earnings, as reflected in the P/OP ratio movements, indicating phases of heightened investor optimism. The alignment of the P/OP ratio toward the end of the period suggests a more balanced market valuation relative to operating profits.

Comparison to Competitors

UnitedHealth Group Inc., P/OP, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).