Elevance Health, Inc.

ELV Healthcare Healthcare Plans

Elevance Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $199.1 billion, up 12.5% from fiscal 2024.

Revenue
+1.42%
EPS
+17.9%
Free cash flow
+29.0%
Total debt
−3.65%

Quarter to September 2026, against a year earlier

425.62 6.38 −1.48%
Market cap
$93.3B
P/E
18.2×
Fwd P/E
19.0×
Dividend yield
1.61%
F-score
6/9
Altman Z
3.09
Beneish M
−2.26
Dividend safety
96/100

Elevance Health, Inc. (ELV) P/E ratio

Alert me on P/E ratio

As of 6 November 2026, Elevance Health, Inc. (ELV) trades at a P/E ratio of 18.2×. Over the past ten years it has ranged from 9.5× (March 2020) to 23.4× (July 2021); the current reading is higher than 68% of that period. That is below the Healthcare Plans industry median of 22.5× and below the Healthcare sector median of 24.5×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 14.0× (3.12%)
FY2024 14.4× (24.28%)
FY2023 19.0× (6.09%)
FY2022 20.3× 8.03%
FY2021 18.8× 4.59%
FY2020 17.9× 9.46%
FY2019 16.4× (11.44%)
FY2018 18.5× 17.52%
FY2017 15.7× 1.19%
FY2016 15.6× 4.06%

Quarterly newest first

Period P/E ratio Change
Sep 2026 16.6× (3.53%)
Jun 2026 17.2× 38.03%
Mar 2026 12.5× (10.77%)
Dec 2025 14.0× 5.64%
43 more quarters

Against its own ten years

Low 9.5× High 23.4×
Ten-year median 16.9×
Current reading's percentile 65

P/E ratio against peers

Company P/E ratio
MOH Molina Healthcare, Inc compare n/m
CVS CVS Health Corporation compare 9.6×
OSCR Oscar Health, Inc. compare 11.0×
CI Cigna Group compare 12.9×
ELV Elevance Health, Inc. 18.2×
UNH UnitedHealth Group Incorporated compare 22.5×
CNC Centene Corporation compare 23.5×
PGNY Progyny, Inc. compare 30.1×
HUM Humana Inc. compare 41.9×
Healthcare Plans industry median 22.5×
Healthcare sector median 24.5×
Market median 17.8×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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