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. In the quarter to June 2026, revenue grew 1.40%, EPS fell 13.1%, free cash flow fell 9.01% and total debt rose 4.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

428.26 0.17 −0.04%
Market cap
$92.9B
P/E
19.0×
Fwd P/E
20.3×
Dividend yield
1.60%
F-score
6/9
Altman Z
3.09
Beneish M
−2.26
Dividend safety
96/100

Elevance Health, Inc. (ELV) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Elevance Health, Inc. (ELV) trades at a price to free cash flow of 14.8×. Over the past ten years it has ranged from 6.2× (September 2020) to 159× (September 2024); the current reading is higher than 55% of that period. That is above the Healthcare Plans industry median of 11.8× and below the Healthcare sector median of 20.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 24.7× 31.75%
FY2024 18.8× 12.46%
FY2023 16.7× 0.40%
FY2022 16.6× 7.09%
FY2021 15.5× 86.43%
FY2020 8.3× (46.20%)
FY2019 15.5× (40.18%)
FY2018 25.9× 48.64%
FY2017 17.4× 24.20%
FY2016 14.0× 37.97%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 13.3× 33.76%
Mar 2026 10.0× (59.68%)
Dec 2025 24.7× 29.16%
Sep 2025 19.2× 16.70%
42 more quarters

Against its own ten years

Low 6.2× High 159×
Ten-year median 14.2×
Current reading's percentile 55

Price to free cash flow against peers

Company Price to free cash flow
OSCR Oscar Health, Inc. compare 2.2×
CNC Centene Corporation compare 3.8×
CI Cigna Group compare 8.7×
CVS CVS Health Corporation compare 10.0×
ELV Elevance Health, Inc. 14.8×
UNH UnitedHealth Group Incorporated compare 15.9×
HUM Humana Inc. compare 25.2×
CLOV Clover Health Investments, Corp. compare 31.6×
MOH Molina Healthcare, Inc compare 39.1×
Healthcare Plans industry median 11.8×
Healthcare sector median 20.2×
Market median 14.2×

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)))

The full definition of Price to free cash flow →

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