HCA P/B: current value, 10-year range and year-by-year history
Cash & Leverage
HCA's p/b is lower than 65% of the last 10 years.
P/B History
HCA P/B by year
Yearly range of HCA’s p/b from 2016 to 2026. Over the full period it ranged from -1,032.3 to 363.8, averaging -4.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -45.4 | -34.7 | -25.8 | -28.7 |
| 2025 | -220.7 | -48.8 | 157.5 | -38.9 |
| 2024 | 62.1 | 84.1 | 138.1 | 138.1 |
| 2023 | -1,032.3 | -69.4 | 363.8 | 205.6 |
| 2022 | -91.2 | 18.2 | 204.3 | -89.4 |
| 2021 | 18.8 | 34.8 | 54.4 | 54.4 |
| 2020 | -92.7 | -3.3 | 83.1 | 19.6 |
| 2019 | -90.7 | -23.7 | -14.4 | -90.7 |
| 2018 | -15.0 | -9.7 | -6.2 | -15.0 |
| 2017 | -6.5 | -5.9 | -5.1 | -6.4 |
| 2016 | -5.2 | -4.7 | -4.4 | -4.7 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is HCA P/B High or Low Right Now?
HCA Healthcare, Inc.'s P/B is currently -28.7, which is below average relative to its 10-year historical range. The 10-year median P/B for HCA is approximately -6.5. See all HCA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.