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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
The Cigna Group's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 2.74. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for The Cigna Group's Degree of Operating Leverage or its related term are showing as below:
WBO:CIGN's Degree of Operating Leverage is ranked worse than 83.33% of 18
companies
in the Healthcare Plans industry
Industry Median: -1.005
vs WBO:CIGN: 2.74
The Cigna Group (WBO:CIGN) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
The Cigna Group Degree of Operating Leverage Related Terms
The Cigna Group Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for The Cigna Group's Degree of Operating Leverage 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.
The Cigna Group Degree of Operating Leverage Chart
WBO:CIGN vs ELV, HUM, CNC: Degree of Operating Leverage Comparison
For the Healthcare Plans subindustry, The Cigna Group's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
The Cigna Group Degree of Operating Leverage vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where The Cigna Group's Degree of Operating Leverage falls into.
* 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 2.74 mean?
The Cigna Group (WBO:CIGN) has a Degree of Operating Leverage of 2.74 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for The Cigna Group and its competitors. According to the industry distribution chart, The Cigna Group ranks #15 out of 18 companies in the Healthcare Plans industry, placing it in the top 83.3%.
Is The Cigna Group's Degree of Operating Leverage too high?
The Cigna Group's current Degree of Operating Leverage is 2.74. Based on the distribution chart, The Cigna Group ranks #15 out of 18 companies in the Healthcare Plans industry, which is in the bottom quartile relative to peers. Overall, The Cigna Group has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Cigna Group's Degree of Operating Leverage compare to ELV and HUM?
According to the Healthcare Plans industry distribution chart, The Cigna Group ranks #15 out of 18 companies for Degree of Operating Leverage. This places The Cigna Group in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Healthcare Plans company?
A good Degree of Operating Leverage depends on the Healthcare Plans industry context. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for The Cigna Group and its competitors. The Cigna Group's current Degree of Operating Leverage is 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cigna Group stock overvalued right now?
Based on GuruFocus' analysis, The Cigna Group (WBO:CIGN) is currently considered Significantly Undervalued. The stock's GF Value™ is €343.92, compared to a current price of €241.40 — trading 29.8% below its estimated fair value. The current Degree of Operating Leverage is 2.74. The Cigna Group's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For The Cigna Group (WBO:CIGN), the current Degree of Operating Leverage is 2.74 as of Jun. 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 The Cigna Group (WBO:CIGN) Overvalued in 2026?
Based on GuruFocus' analysis, The Cigna Group stock appears to be undervalued.
The current stock price of €241.40 is trading 29.8% below its estimated GF Value™ of €343.92.
GuruFocus considers The Cigna Group to be Significantly Undervalued.
Key valuation signals for WBO:CIGN:
Degree of Operating Leverage: 2.74
GF Value™: €343.92 vs. price of €241.40 (29.8% below fair value)
No single metric tells the full story. See the WBO:CIGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is with the Department of Defense, and it recently won a multiyear deal with top-tier insurer Centene. In health insurance and other benefits, Cigna primarily serves employers through self-funding arrangements, and the company operates mostly in the US with 16 million US and 2 million international medical members covered as of December 2025.
67GF Score
Get the complete analysis for WBO:CIGN
Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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