Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Elevance Health's Enterprise Value is $142,289 Mil.
Elevance Health's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $9,079 Mil. Therefore, Elevance Health's EV-to-EBIT ratio for today is 15.67.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Elevance Health's Enterprise Value is $142,289 Mil.
Elevance Health's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $10,693 Mil. Therefore, Elevance Health's EV-to-EBITDA ratio for today is 13.31.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Elevance Health's Enterprise Value is $142,289 Mil.
Elevance Health's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $171,745 Mil. Therefore, Elevance Health's EV-to-Revenue ratio for today is 0.83.
Elevance Health Enterprise Value Historical Data
The historical data trend for Elevance Health's Enterprise Value 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
Enterprise Value
91,538.03
93,089.81
130,289.53
138,879.32
128,599.96
Elevance Health Quarterly Data
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Mar24
Enterprise Value
124,455.39
120,031.13
116,324.21
128,599.96
141,769.07
Competitive Comparison
For the Healthcare Plans subindustry, Elevance Health's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution
For the Healthcare Plans industry and Healthcare sector, Elevance Health's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Elevance Health's Enterprise Value falls into.
Elevance Health Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Elevance Health's Enterprise Value for the fiscal year that ended in Dec. 2023 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.
Elevance Health (NYSE:ELV) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Elevance Health's current Enterprise Value is $142,289 Mil.
Elevance Health's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,079 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Elevance Health's current Enterprise Value is $142,289 Mil.
Elevance Health's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $10,693 Mil.
Elevance Health's current Enterprise Value is $142,289 Mil.
Elevance Health's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $171,745 Mil.
* 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 Enterprise Value Related Terms
Thank you for viewing the detailed overview of Elevance Health's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Elevance Health (Elevance Health) Business Description
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.
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