Valuation + Options Snapshot

UNH

$385.12 · 52-week range $255.96 – $461.62 · as of 2026-08-21

Value

Expensive

Volatility setup

Fair

What the numbers show

  • P/E 24.8× vs 5y median 24.2× — 2.1% above its own history.
  • FCF yield 6.8% — modest.
  • Dividend yield 2.32% — well covered by TTM FCF (2.9×).
  • YoY growth — revenue +6.5%, EPS -32.6%, FCF -6.5%.
  • Share count down 2.5% over 8 quarters — modest buyback.
  • ATM IV 32.0% vs trailing realized vol 36.4% — -4.4 vol points (roughly fair).
  • Liquid chain — ATM-band put OI 42,519.

Current P/E

24.8×

5y median P/E

24.2×

vs 5y median

+2.1%

FCF yield

6.83%

Dividend yield

2.32%

Coverage (FCF / div)

2.9×

Revenue YoY

+6.5%

EPS YoY

-32.6%

FCF YoY

-6.5%

Shares Δ (8 quarters)

-2.5%

ATM implied vol

32.0%

Realized vol (1y)

36.4%

IV − RV

-4.4 pts

ATM-band put OI

42,519

Range position

34% above low

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This page is not a recommendation. It shows structural numbers and classification only. Whether UNH is a name worth owning — at any price or strike — is the analyst work the paid Value Options Letter does every week.