Elevance Health, Inc.

NYSE:ELV Stock Report

Market Cap: US$70.2b

Elevance Health Valuation

Is ELV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ELV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ELV ($328.11) is trading below our estimate of future cash flow value ($1010.17)

Significantly Below Future Cash Flow Value: ELV is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELV?

Key metric: As ELV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ELV. This is calculated by dividing ELV's market cap by their current earnings.
What is ELV's PE Ratio?
PE Ratio12.7x
EarningsUS$5.66b
Market CapUS$70.15b

Price to Earnings Ratio vs Peers

How does ELV's PE Ratio compare to its peers?

The above table shows the PE ratio for ELV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.4x
HUM Humana
22x26.96%US$25.3b
UNH UnitedHealth Group
26.1x14.25%US$293.6b
MOH Molina Healthcare
16.7x15.10%US$7.8b
HQY HealthEquity
33.1x15.60%US$7.3b
ELV Elevance Health
12.7x8.08%US$70.2b

Price-To-Earnings vs Peers: ELV is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (24.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ELV's PE Ratio compare vs other companies in the US Healthcare Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CYH Community Health Systems
0.8x-117.81%US$421.67m
IDXG Interpace Biosciences
2.2xn/aUS$56.68m
RHEP Regional Health Properties
1.8xn/aUS$5.40m
NIVF NewGenIvf Group
0.1xn/aUS$1.23m
ELV 12.7xIndustry Avg. 23.6xNo. of Companies10PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ELV is good value based on its Price-To-Earnings Ratio (12.7x) compared to the US Healthcare industry average (23.6x).

Price to Earnings Ratio vs Fair Ratio

What is ELV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio29.3x

Price-To-Earnings vs Fair Ratio: ELV is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ELV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$328.11
US$378.19
+15.26%
8.70%US$474.00US$317.00n/a21
Apr ’27US$298.50
US$380.95
+27.62%
8.04%US$474.00US$332.00n/a20
Mar ’27US$320.00
US$387.85
+21.20%
8.26%US$474.00US$332.00n/a20
Feb ’27US$345.74
US$389.90
+12.77%
8.05%US$474.00US$332.00n/a20
Jan ’27US$350.55
US$389.21
+11.03%
10.23%US$507.00US$320.00n/a19
Dec ’26US$329.68
US$387.16
+17.43%
11.01%US$507.00US$297.00n/a19
Nov ’26US$317.20
US$389.16
+22.69%
10.62%US$507.00US$297.00n/a19
Oct ’26US$332.66
US$361.39
+8.64%
14.85%US$507.00US$297.00n/a18
Sep ’26US$318.65
US$368.44
+15.63%
17.35%US$507.00US$297.00n/a18
Aug ’26US$274.66
US$372.33
+35.56%
17.09%US$507.00US$297.00n/a18
Jul ’26US$395.76
US$500.75
+26.53%
7.36%US$585.00US$428.00n/a19
Jun ’26US$383.84
US$503.49
+31.17%
7.32%US$585.00US$428.00n/a19
May ’26US$408.31
US$505.55
+23.82%
7.38%US$585.00US$428.00n/a19
Apr ’26US$432.68
US$498.18
+15.14%
10.73%US$625.00US$405.00US$298.5019
Mar ’26US$396.88
US$494.29
+24.54%
10.02%US$625.00US$405.00US$320.0019
Feb ’26US$395.70
US$493.39
+24.69%
10.39%US$625.00US$388.00US$345.7419
Jan ’26US$368.90
US$505.44
+37.01%
10.10%US$625.00US$388.00US$350.5519
Dec ’25US$406.96
US$520.12
+27.81%
7.51%US$625.00US$465.00US$329.6819
Nov ’25US$414.01
US$530.12
+28.05%
8.09%US$625.00US$465.00US$317.2019
Oct ’25US$511.26
US$603.07
+17.96%
5.07%US$665.00US$550.00US$332.6619
Sep ’25US$556.89
US$600.44
+7.82%
5.72%US$665.00US$530.00US$318.6519
Aug ’25US$532.23
US$600.44
+12.82%
5.72%US$665.00US$530.00US$274.6619
Jul ’25US$534.55
US$608.98
+13.92%
5.35%US$665.00US$520.00US$395.7620
Jun ’25US$538.48
US$605.87
+12.52%
5.17%US$665.00US$520.00US$383.8419
May ’25US$524.84
US$599.48
+14.22%
5.56%US$665.00US$520.00US$408.3119
Apr ’25US$516.00
US$574.37
+11.31%
4.18%US$629.00US$520.00US$432.6819
US$378.19
Fair Value
13.2% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/21 21:51
End of Day Share Price 2026/04/21 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elevance Health, Inc. is covered by 40 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jasper HellwegArgus Research Company
Hua HaBaird
Andrew MokBarclays