WellCare Health Plans Forward PE Ratio Historical Data
The historical data trend for WellCare Health Plans's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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WellCare Health Plans Forward PE Ratio Chart
WellCare Health Plans Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-01
Forward PE Ratio
16.39
23.75
23.47
17.51
19.34
19.61
WellCare Health Plans Quarterly Data
2015-12
2016-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
Forward PE Ratio
16.39
17.09
28.90
21.46
23.47
19.65
23.64
25.25
17.51
20.12
21.41
15.82
19.34
Competitive Comparison of WellCare Health Plans's Forward PE Ratio
For the Healthcare Plans subindustry, WellCare Health Plans's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
WellCare Health Plans's Forward PE Ratio Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, WellCare Health Plans's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where WellCare Health Plans's Forward PE Ratio falls into.
WellCare Health Plans Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
WellCare Health Plans (NYSE:WCG) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
WellCare Health Plans Forward PE Ratio Related Terms
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WellCare Health Plans (WellCare Health Plans) Business Description
WellCare Health Plans Inc is a managed care organization focused on government-sponsored managed care services, including Medicare and Medicaid. WellCare's membership is concentrated in Florida, Georgia, Kentucky, New York, and Illinois. Its key segments are Medicaid health plans, Medicare health plans, and Medicare prescription drug plans. Medicaid health plans represent the largest proportion of both total membership and premium revenue. The Medicaid segment generates revenue from the premiums received from the states in which health plans are offered, based on a fixed per-member per-month amount. WellCare also provides Medicare Part C and Part D benefits through its Medicare Advantage plans.
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