What growth is priced into UNH? A reverse DCF
UNITEDHEALTH GROUP INC · $395.72 · as of 2026-11-06
REVENUE GROWTH THE PRICE IMPLIES
>100% /yr · 5 years
If UNH's revenue grows at this rate a year for five years, then slows over years 6–10, at today's 5.8% operating margin, its value discounted at 9% equals today's price.
Last reported year-on-year revenue growth: -0.4%
The discount rate is a choice, not a measurement
The headline uses the 10-year Treasury (4%) plus 5%. Require a different return, and the growth the price implies changes:
Discount rate 8%>100%
Discount rate 9%>100%← headline
Discount rate 10%>100%
What went in
Revenue, trailing 12 months$450.06Bfilings
Operating margin5.8%filings
Shares0.896Bfilings
Net debt$45.78Bfilings
Tax rate21%filings
Sales to capital1.5×default
This page describes what today's price is consistent with. It does not say whether the stock is cheap or expensive, and it is not investment advice. TreasureX is educational software.