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Elevance Health (Elevance Health) Cyclically Adjusted PB Ratio : 3.63 (As of May. 26, 2024)


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What is Elevance Health Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Elevance Health's current share price is $521.41. Elevance Health's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $143.56. Elevance Health's Cyclically Adjusted PB Ratio for today is 3.63.

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

ELV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.52   Med: 2.84   Max: 4.28
Current: 3.63

During the past years, Elevance Health's highest Cyclically Adjusted PB Ratio was 4.28. The lowest was 1.52. And the median was 2.84.

ELV's Cyclically Adjusted PB Ratio is ranked worse than
57.14% of 14 companies
in the Healthcare Plans industry
Industry Median: 3.48 vs ELV: 3.63

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 adjusted book value per share data for the three months ended in Mar. 2024 was $174.624. 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 $143.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elevance Health Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Elevance Health's Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Chart

Elevance Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 3.12 3.98 3.96 3.38

Elevance Health Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 3.45 3.27 3.14 3.38 3.61

Competitive Comparison of Elevance Health's Cyclically Adjusted PB Ratio

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.



Elevance Health Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=521.41/143.56
=3.63

* 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 Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Elevance Health's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=174.624/131.7762*131.7762
=174.624

Current CPI (Mar. 2024) = 131.7762.

Elevance Health Quarterly Data

Book Value per Share CPI Adj_Book
201406 88.814 100.560 116.385
201409 89.807 100.428 117.840
201412 90.453 99.070 120.315
201503 91.860 99.621 121.510
201506 88.168 100.684 115.395
201509 89.017 100.392 116.846
201512 88.211 99.792 116.483
201603 89.587 100.470 117.502
201606 92.089 101.688 119.337
201609 93.943 101.861 121.533
201612 95.168 101.863 123.116
201703 98.432 102.862 126.101
201706 100.464 103.349 128.098
201709 100.807 104.136 127.564
201712 103.493 104.011 131.120
201803 105.705 105.290 132.296
201806 110.424 106.317 136.867
201809 112.362 106.507 139.021
201812 110.884 105.998 137.851
201903 116.563 107.251 143.218
201906 120.343 108.070 146.742
201909 123.461 108.329 150.183
201912 125.446 108.420 152.470
202003 125.756 108.902 152.171
202006 136.660 108.767 165.569
202009 135.986 109.815 163.181
202012 135.285 109.897 162.219
202103 138.210 111.754 162.972
202106 143.357 114.631 164.798
202109 147.158 115.734 167.556
202112 149.149 117.630 167.086
202203 149.187 121.301 162.070
202206 149.184 125.017 157.250
202209 150.606 125.227 158.483
202212 152.308 125.222 160.280
202303 157.544 127.348 163.022
202306 161.980 128.729 165.815
202309 163.567 129.860 165.981
202312 168.644 129.419 171.715
202403 174.624 131.776 174.624

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


Elevance Health  (NYSE:ELV) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Elevance Health Cyclically Adjusted PB Ratio Related Terms

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


Elevance Health (Elevance Health) 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

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