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Elevance Health (NYSE:ELV) Shiller PE Ratio

: 26.64 (As of Today)
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As of today (2024-02-23), Elevance Health's current share price is $514.09. Elevance Health's E10 for the quarter that ended in Dec. 2023 was $19.30. Elevance Health's Shiller PE Ratio for today is 26.64.

The historical rank and industry rank for Elevance Health's Shiller PE Ratio or its related term are showing as below:

ELV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.13   Med: 23.25   Max: 33.04
Current: 26.64

During the past years, Elevance Health's highest Shiller PE Ratio was 33.04. The lowest was 10.13. And the median was 23.25.

ELV's Shiller PE Ratio is ranked worse than
63.64% of 11 companies
in the Healthcare Plans industry
Industry Median: 22.36 vs ELV: 26.64

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Elevance Health's adjusted earnings per share data for the three months ended in Dec. 2023 was $3.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $19.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elevance Health Shiller PE Ratio Historical Data

The historical data trend for Elevance Health's Shiller 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.

* Premium members only.

Elevance Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.88 25.96 31.16 29.71 24.43

Elevance Health Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.71 25.52 23.83 22.83 24.43

Competitive Comparison

For the Healthcare Plans subindustry, Elevance Health's Shiller PE Ratio, along with its competitors' market caps and Shiller 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.


Elevance Health Shiller PE Ratio Distribution

For the Healthcare Plans industry and Healthcare sector, Elevance Health's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Elevance Health's Shiller PE Ratio falls into.



Elevance Health Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Elevance Health's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=514.09/19.3
=26.64

* 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.

Elevance Health's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Elevance Health's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.63/129.4194*129.4194
=3.630

Current CPI (Dec. 2023) = 129.4194.

Elevance Health Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 2.400 99.695 3.116
201406 2.560 100.560 3.295
201409 2.220 100.428 2.861
201412 1.810 99.070 2.364
201503 3.090 99.621 4.014
201506 3.130 100.684 4.023
201509 2.430 100.392 3.133
201512 0.680 99.792 0.882
201603 2.630 100.470 3.388
201606 2.910 101.688 3.704
201609 2.300 101.861 2.922
201612 1.370 101.863 1.741
201703 3.730 102.862 4.693
201706 3.160 103.349 3.957
201709 2.800 104.136 3.480
201712 4.670 104.011 5.811
201803 4.990 105.290 6.134
201806 3.980 106.317 4.845
201809 3.620 106.507 4.399
201812 1.610 105.998 1.966
201903 5.910 107.251 7.132
201906 4.360 108.070 5.221
201909 4.550 108.329 5.436
201912 3.620 108.420 4.321
202003 5.940 108.902 7.059
202006 8.910 108.767 10.602
202009 0.870 109.815 1.025
202012 2.190 109.897 2.579
202103 6.710 111.754 7.771
202106 7.250 114.631 8.185
202109 6.130 115.734 6.855
202112 4.630 117.630 5.094
202203 7.320 121.301 7.810
202206 6.730 125.017 6.967
202209 6.620 125.227 6.842
202212 3.930 125.222 4.062
202303 8.300 127.348 8.435
202306 7.790 128.729 7.832
202309 5.450 129.860 5.432
202312 3.630 129.419 3.630

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Elevance Health  (NYSE:ELV) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Elevance Health Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Elevance Health's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Elevance Health (NYSE:ELV) Business Description

Traded in Other Exchanges
Address
220 Virginia Avenue, Indianapolis, IN, USA, 46204
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
Executives
Blair Williams Todt officer: EVP and Chief Legal Officer 8735 HENDERSON ROAD, TAMPA FL 33625
Ronald W Penczek officer: SVP, Chief Accounting Officer 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Mark Kaye officer: EVP & CFO Designate 7 WORLD TRADE CENTER, 250 GREENWICH ST, NEW YORK NY 10007
Dixon Robert L Jr director 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Gloria M Mccarthy officer: EVP, Office of the CEO WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kendrick Charles Morgan Jr officer: EVP & President, Commercial 220 VIRGINIA AVE, INDIANAPOLIS IN 46204
Deanna D Strable-soethout director C/O PRINCIPAL FINANCIAL GROUP, 711 HIGH ST., DES MOINES IA 50392
Ramiro G Peru director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260
Peter D Haytaian officer: EVP & Pres., Govt. Bus. Div. 220 VIRGINIA AVE, INDIANAPOLIS IN 46204
Susan D. Devore director C/O PREMIER, INC., 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Ryan M. Schneider director 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
John E Gallina officer: SVP & Chief Accounting Officer 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Julie A Hill director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Thomas C Zielinski officer: EVP & General Counsel
Jeffrey D. Alter officer: EVP, IngenioRx & Anthem Health 4330 LA JOLLA VILLAGE DRIVE, SUITE 200, SAN DIEGO CA 92122