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, CVS Health's Enterprise Value is $154,273 Mil.
CVS Health's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $13,831 Mil. Therefore, CVS Health's EV-to-EBIT ratio for today is 11.15.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, CVS Health's Enterprise Value is $154,273 Mil.
CVS Health's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $18,197 Mil. Therefore, CVS Health's EV-to-EBITDA ratio for today is 8.48.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, CVS Health's Enterprise Value is $154,273 Mil.
CVS Health's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $357,776 Mil. Therefore, CVS Health's EV-to-Revenue ratio for today is 0.43.
CVS Health Enterprise Value Historical Data
The historical data trend for CVS 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.
Competitive Comparison of CVS Health's Enterprise Value
For the Healthcare Plans subindustry, CVS 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.
CVS Health's Enterprise Value Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, CVS Health's Enterprise Value distribution charts can be found below:
* The bar in red indicates where CVS Health's Enterprise Value falls into.
CVS 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.
CVS 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.
CVS Health (NYSE:CVS) 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.
CVS Health's current Enterprise Value is $154,273 Mil.
CVS Health's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $13,831 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
CVS Health's current Enterprise Value is $154,273 Mil.
CVS Health's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $18,197 Mil.
CVS Health's current Enterprise Value is $154,273 Mil.
CVS Health's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $357,776 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.
CVS Health Enterprise Value Related Terms
Thank you for viewing the detailed overview of CVS Health's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
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