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CVS HealthFRA:CVS +1.35%75 Cyclically Adjusted PS Ratio is 0.41 as of Jul. 23, 2026, which is 11% below its 10-year median of 0.46. GuruFocus rates FRA:CVS with a GF Score™ of 75/100 and a GF Value™ of €68.87 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 13 Healthcare Plans companies, CVS Health ranks better than 76.92% on this metric.
The historical rank and industry rank for CVS Health's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:CVS'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.46 Max: 1.03
Current: 0.4
During the past years, CVS Health's highest Cyclically Adjusted PS Ratio was 1.03. The lowest was 0.18. And the median was 0.46.
FRA:CVS's Cyclically Adjusted PS Ratio is ranked better than 76.92% of 13
companies
in the Healthcare Plans industry
Industry Median: 0.56
vs FRA:CVS: 0.40
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
CVS Health's adjusted revenue per share data for the three months ended in Mar. 2026 was €67.919. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €232.10 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
CVS Health (FRA:CVS) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
CVS Health Cyclically Adjusted PS Ratio Related Terms
CVS Health Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for CVS Health's Cyclically Adjusted PS 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.
FRA:CVS vs ELV, CI, HUM: Cyclically Adjusted PS Ratio Comparison
For the Healthcare Plans subindustry, CVS Health's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
CVS Health Cyclically Adjusted PS Ratio vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, CVS Health's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where CVS Health's Cyclically Adjusted PS Ratio falls into.
CVS Health Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
CVS Health's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 0.41 mean?
CVS Health (FRA:CVS) has a Cyclically Adjusted PS Ratio of 0.41 as of Jul. 23, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on CVS Health and its competitors. This is 11% below median its historical median of 0.46. Over the past decade, CVS Health's Cyclically Adjusted PS Ratio has ranged from 0.18 to 1.03. According to the industry distribution chart, CVS Health ranks #3 out of 13 companies in the Healthcare Plans industry, placing it in the top 23.1%.
Is CVS Health's Cyclically Adjusted PS Ratio too high?
CVS Health's current Cyclically Adjusted PS Ratio of 0.41 is 11% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.03. The Healthcare Plans industry median Cyclically Adjusted PS Ratio is 0.56. CVS Health's value of 0.41 is 26.8% below this industry median. Based on the distribution chart, CVS Health ranks #3 out of 13 companies in the Healthcare Plans industry, which is in the top quartile — a strong position relative to peers. Overall, CVS Health has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CVS Health's Cyclically Adjusted PS Ratio compare to ELV and CI?
According to the Healthcare Plans industry distribution chart, CVS Health ranks #3 out of 13 companies for Cyclically Adjusted PS Ratio. This places CVS Health in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.56. CVS Health's value of 0.41 is 26.8% below this benchmark. Historically, CVS Health's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 1.03 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.56, CVS Health has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Healthcare Plans company?
The median Cyclically Adjusted PS Ratio among Healthcare Plans companies is 0.56, based on 13 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CVS Health's current Cyclically Adjusted PS Ratio of 0.41 is 26.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on CVS Health and its competitors. For the Healthcare Plans industry, the median Cyclically Adjusted PS Ratio is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVS Health's current Cyclically Adjusted PS Ratio is 0.41, which is 11% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVS Health stock overvalued right now?
Based on GuruFocus' analysis, CVS Health (FRA:CVS) is currently considered Significantly Overvalued. The stock's GF Value™ is €68.87, compared to a current price of €95.78 — trading 39.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.41, which is 11% below median its 10-year median of 0.46 and 26.8% below the Healthcare Plans industry median of 0.56. CVS Health's overall GF Score™ is 75/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For CVS Health (FRA:CVS), the current Cyclically Adjusted PS Ratio is 0.41 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CVS Health (FRA:CVS) Overvalued in 2026?
Based on GuruFocus' analysis, CVS Health stock appears to be overvalued.
The current stock price of €95.78 is trading 39.1% above its estimated GF Value™ of €68.87.
GuruFocus considers CVS Health to be Significantly Overvalued.
Key valuation signals for FRA:CVS:
Cyclically Adjusted PS Ratio: 0.41 (11% below median its 10-year median of 0.46)
GF Value™: €68.87 vs. price of €95.78 (39.1% above fair value)
Industry Position: 26.8% below the Healthcare Plans median (#3 of 13)
No single metric tells the full story. See the FRA:CVS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates around 9,000 stores primarily in the US. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It operates a top-tier health insurer (acquired through Aetna) through which it serves about 27 million medical members. The acquisition of Oak Street Health added primary care services to the mix, which could have significant synergies with all existing business lines.
75GF Score
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