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CVS HealthCVS -1.33%76 Earnings per Share (Diluted) is $3.78 as of Jun. 2026. GuruFocus rates CVS with a GF Score™ of 76/100 and a GF Value™ of $78.78 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 17 Healthcare Plans companies, CVS Health ranks better than 76.47% on this metric.
CVS Health's EPS (Basic) for the
three
months ended in Jun. 2026 was $2.33.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was $3.83.
CVS Health's EPS without NRI for the
three
months ended in Jun. 2026 was $2.31.
Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was $7.57.
During the past 12 months, CVS Health's average EPS without NRIGrowth Rate was 19.40% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 27.50% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was -2.40% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 2.00% per year.
During the past 13 years, CVS Health's highest 3-Year average EPS without NRI Growth Rate was 35.10% per year. The lowest was -40.50% per year. And the median was 11.70% per year.
CVS Health (NYSE:CVS) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
CVS Health Earnings per Share (Diluted) Related Terms
CVS Health Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for CVS Health's Earnings per Share (Diluted) 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.
CVS vs ELV, CI, HUM: Earnings per Share (Diluted) Comparison
For the Healthcare Plans subindustry, CVS Health's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, CVS Health's PE Ratio distribution charts can be found below:
* The bar in red indicates where CVS Health's PE Ratio falls into.
CVS Health Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
CVS Health's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.78
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of $3.78 mean?
CVS Health (CVS) has a Earnings per Share (Diluted) of $3.78 as of Jun. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on CVS Health and its competitors. According to the industry distribution chart, CVS Health ranks #4 out of 17 companies in the Healthcare Plans industry, placing it in the top 23.5%.
Is CVS Health's Earnings per Share (Diluted) too high?
CVS Health's current Earnings per Share (Diluted) is $3.78. The Healthcare Plans industry median Earnings per Share (Diluted) is 1.40. CVS Health's value of $3.78 is 170% above this industry median. Based on the distribution chart, CVS Health ranks #4 out of 17 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 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CVS Health's Earnings per Share (Diluted) compare to ELV and CI?
According to the Healthcare Plans industry distribution chart, CVS Health ranks #4 out of 17 companies for Earnings per Share (Diluted). This places CVS Health in the top 24% of its industry — outperforming the majority of peers. The industry median Earnings per Share (Diluted) is 1.40. CVS Health's value of $3.78 is 170% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Healthcare Plans company?
The median Earnings per Share (Diluted) among Healthcare Plans companies is 1.40, based on 17 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CVS Health's current Earnings per Share (Diluted) of $3.78 is 170% above 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 Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on CVS Health and its competitors. For the Healthcare Plans industry, the median Earnings per Share (Diluted) is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVS Health's current Earnings per Share (Diluted) is $3.78. 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 (CVS) is currently considered Modestly Overvalued. The stock's GF Value™ is $78.78, compared to a current price of $93.65 — trading 18.9% above its estimated fair value. The current Earnings per Share (Diluted) is $3.78 and 170% above the Healthcare Plans industry median of 1.40. CVS Health's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For CVS Health (CVS), the current Earnings per Share (Diluted) is $3.78 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 CVS Health (CVS) Overvalued in 2026?
Based on GuruFocus' analysis, CVS Health stock appears to be overvalued.
The current stock price of $93.65 is trading 18.9% above its estimated GF Value™ of $78.78.
GuruFocus considers CVS Health to be Modestly Overvalued.
Key valuation signals for CVS:
Earnings per Share (Diluted): $3.78
GF Value™: $78.78 vs. price of $93.65 (18.9% above fair value)
Industry Position: 170% above the Healthcare Plans median (#4 of 17)
No single metric tells the full story. See the 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.
76GF Score
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