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Elevance Health ELV Price / book

Price / book at other companies

Humana logo
HumanaHUM
1.1×-0.7×
CVS Health logo
CVS HealthCVS
1.2×+0.1×
UnitedHealth Group logo
UnitedHealth GroupUNH
2.4×-2.4×
Centene logo
CenteneCNC
0.8×-0.3×
Cigna logo
CignaCI
1.7×-0.6×
Cencora logo
CencoraCOR
18×-35.2×

Other financials

Income statement

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Revenue$50.2B+2.6%
Gross profit$44.7B+1.8%
Net income$1.8B-19.2%
EPS (diluted)$8.00-16.8%

Balance sheet

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Cash & equivalents$9.7B+28.8%
Total debt$31.5B+11.0%
Total equity$43.9B+3.3%
Total assets$125.83B+5.1%

Cash flow

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Operating cash flow$4.3B+326%
CapEx$235.0M+19.9%
Free cash flow$4.1B+399%

Valuation

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Market cap$84.97B-34.7%
Enterprise value$106.8B-27.8%
P/E16.2×-5.8×
P/S0.4×-0.3×

Profitability

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Gross margin89.2%+0.6pp
Net margin2.6%-0.6pp

Returns & leverage

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Return on equity12.1%-2.1pp
Debt / equity0.7×+0.1×
Current ratio1.5×0.0×

Where this comes from

Calculated from Elevance Health’s reported figures.

Based on the most recent quarter.

The official record: Elevance Health’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elevance Health's price / book?
Elevance Health (ELV) reported price / book of 1.5× in Q1 2026.
How has Elevance Health's price / book changed year-over-year?
Elevance Health's price / book decreased by 36.8% year-over-year, from 2.3× to 1.5×.
What is the long-term trend for Elevance Health's price / book?
Over 4 years (2021 to 2025), Elevance Health's price / book has grown at a -8.3% compound annual growth rate (CAGR), from 10.9× to 7.7×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.