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Elevance Health (Elevance Health) Cyclically Adjusted PS Ratio

: 1.01 (As of Today)
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As of today (2024-04-18), Elevance Health's current share price is $508.97. Elevance Health's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $505.19. Elevance Health's Cyclically Adjusted PS Ratio for today is 1.01.

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

ELV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.94   Max: 1.29
Current: 1

During the past years, Elevance Health's highest Cyclically Adjusted PS Ratio was 1.29. The lowest was 0.56. And the median was 0.94.

ELV's Cyclically Adjusted PS Ratio is ranked worse than
66.67% of 12 companies
in the Healthcare Plans industry
Industry Median: 0.915 vs ELV: 1.00

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.

Elevance Health's adjusted revenue per share data for the three months ended in Dec. 2023 was $181.014. 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 $505.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elevance Health Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Elevance 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.

* Premium members only.

Elevance Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 0.99 1.21 1.14 0.93

Elevance Health Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 1.14 0.99 0.92 0.88 0.93

Competitive Comparison

For the Healthcare Plans subindustry, Elevance 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.


Elevance Health Cyclically Adjusted PS Ratio Distribution

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

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



Elevance 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=508.97/505.19
=1.01

* 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 Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=181.014/129.4194*129.4194
=181.014

Current CPI (Dec. 2023) = 129.4194.

Elevance Health Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 61.037 99.695 79.236
201406 64.592 100.560 83.129
201409 65.319 100.428 84.175
201412 67.536 99.070 88.225
201503 67.944 99.621 88.267
201506 72.969 100.684 93.795
201509 73.929 100.392 95.305
201512 75.384 99.792 97.764
201603 75.845 100.470 97.699
201606 80.001 101.688 101.818
201609 79.836 101.861 101.436
201612 80.813 101.863 102.675
201703 83.306 102.862 104.814
201706 82.744 103.349 103.617
201709 83.993 104.136 104.386
201712 86.240 104.011 107.307
201803 85.757 105.290 105.411
201806 86.745 106.317 105.595
201809 87.607 106.507 106.454
201812 101.976 105.998 124.509
201903 94.037 107.251 113.475
201906 97.571 108.070 116.847
201909 102.592 108.329 122.565
201912 106.270 108.420 126.853
202003 115.527 108.902 137.293
202006 114.581 108.767 136.337
202009 122.573 109.815 144.455
202012 126.637 109.897 149.133
202103 130.479 111.754 151.104
202106 136.827 114.631 154.478
202109 145.618 115.734 162.837
202112 148.945 117.630 163.874
202203 155.872 121.301 166.304
202206 158.718 125.017 164.307
202209 164.901 125.227 170.422
202212 165.475 125.222 171.022
202303 175.937 127.348 178.799
202306 183.650 128.729 184.635
202309 181.180 129.860 180.566
202312 181.014 129.419 181.014

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 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.


Elevance Health Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Elevance Health's Cyclically Adjusted PS 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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