CVS Health Corporation CVS
- Market cap
- $108.5B
- P/E
- 23.3×
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CVS Health Corporation (CVS) Price to free cash flow
As of 25 September 2026, CVS Health Corporation (CVS) trades at a price to free cash flow of 9.7×. Over the past ten years it has ranged from 4.7× (August 2023) to 50.3× (October 2024); the current reading is higher than 50% of that period. That is below the Healthcare Plans industry median of 11.1× and below the Healthcare sector median of 19.5×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 12.9× | 44.16% |
| FY2024 | 8.9× | (10.61%) |
| FY2023 | 10.0× | 10.28% |
| FY2022 | 9.1× | 4.87% |
| FY2021 | 8.6× | 29.80% |
| FY2020 | 6.7× | (28.42%) |
| FY2019 | 9.3× | (7.15%) |
| FY2018 | 10.0× | (18.66%) |
| FY2017 | 12.3× | 13.09% |
| FY2016 | 10.9× | (38.16%) |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 11.3× | (8.99%) |
| Mar 2026 | 12.4× | (3.99%) |
| Dec 2025 | 12.9× | (15.28%) |
| Sep 2025 | 15.2× | (16.79%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| OSCR Oscar Health, Inc. compare | 2.0× |
| CNC Centene Corporation compare | 3.4× |
| CI Cigna Group compare | 7.8× |
| CVS CVS Health Corporation | 9.7× |
| ELV Elevance Health, Inc. compare | 13.7× |
| UNH UnitedHealth Group Incorporated compare | 14.4× |
| HUM Humana Inc. compare | 24.2× |
| CLOV Clover Health Investments, Corp. compare | 31.7× |
| MOH Molina Healthcare, Inc compare | 36.0× |
| Healthcare Plans industry median | 11.1× |
| Healthcare sector median | 19.5× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on CVS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement