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Elevance Health (BSP:E1LV34) Cyclically Adjusted Book per Share : R$173.00 (As of Mar. 2025)


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What is Elevance Health Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Elevance Health's adjusted book value per share for the three months ended in Mar. 2025 was R$216.925. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$173.00 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Elevance Health's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Elevance Health was 15.80% per year. The lowest was 8.70% per year. And the median was 9.90% per year.

As of today (2025-06-02), Elevance Health's current stock price is R$442.00. Elevance Health's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$173.00. Elevance Health's Cyclically Adjusted PB Ratio of today is 2.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Elevance Health was 4.28. The lowest was 1.67. And the median was 3.01.


Elevance Health Cyclically Adjusted Book per Share Historical Data

The historical data trend for Elevance Health's Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share Chart

Elevance Health Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.28 131.92 127.22 148.88 192.06

Elevance Health Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial 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 139.32 135.62 160.67 192.06 173.00

Competitive Comparison of Elevance Health's Cyclically Adjusted Book per Share

For the Healthcare Plans subindustry, Elevance Health's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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's Cyclically Adjusted PB Ratio Distribution in the Healthcare Plans Industry

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

* The bar in red indicates where Elevance Health's Cyclically Adjusted PB Ratio falls into.


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Elevance Health Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Elevance Health's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=216.925/134.9266*134.9266
=216.925

Current CPI (Mar. 2025) = 134.9266.

Elevance Health Quarterly Data

Book Value per Share CPI Adj_Book
201506 54.870 100.684 73.531
201509 69.490 100.392 93.395
201512 68.466 99.792 92.571
201603 66.258 100.470 88.981
201606 63.052 101.688 83.662
201609 61.123 101.861 80.964
201612 63.839 101.863 84.561
201703 61.569 102.862 80.761
201706 66.214 103.349 86.445
201709 63.156 104.136 81.830
201712 68.202 104.011 88.474
201803 69.321 105.290 88.834
201806 83.282 106.317 105.693
201809 92.332 106.507 116.970
201812 86.121 105.998 109.625
201903 89.537 107.251 112.642
201906 92.802 108.070 115.865
201909 101.720 108.329 126.694
201912 102.978 108.420 128.154
202003 122.894 108.902 152.263
202006 141.809 108.767 175.915
202009 146.865 109.815 180.449
202012 139.200 109.897 170.904
202103 155.766 111.754 188.064
202106 144.174 114.631 169.700
202109 155.370 115.734 181.135
202112 168.685 117.630 193.490
202203 148.482 121.301 165.161
202206 150.608 125.017 162.546
202209 157.943 125.227 170.177
202212 159.784 125.222 172.167
202303 164.117 127.348 173.884
202306 157.241 128.729 164.812
202309 161.562 129.860 167.866
202312 165.264 129.419 172.296
202403 173.919 131.776 178.077
202406 195.984 132.554 199.492
202409 209.044 133.029 212.026
202412 221.614 133.157 224.559
202503 216.925 134.927 216.925

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Elevance Health  (BSP:E1LV34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Elevance Health's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=442.00/173.00
=2.55

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Elevance Health was 4.28. The lowest was 1.67. And the median was 3.01.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Elevance Health Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Elevance Health's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Elevance Health Business Description

Industry
Address
220 Virginia Avenue, Indianapolis, IN, USA, 46204
Elevance Health remains one of the leading health insurers in the US, providing medical benefits to 46 million medical members as of December 2024. 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. It is also an emerging player in pharmacy benefit management and other healthcare services.

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