CenteneCNC +2.86%73 EV-to-FCF is 3.47 as of Jun. 26, 2026, which is 69% below its 10-year median of 11.23. GuruFocus rates CNC with a GF Score™ of 73/100 and a GF Value™ of $83.58 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 17 Healthcare Plans companies, Centene ranks better than 82.35% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Centene's Enterprise Value is $24,713 Mil.
Centene's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $7,112 Mil. Therefore, Centene's EV-to-FCF for today is 3.47.
The historical rank and industry rank for Centene's EV-to-FCF or its related term are showing as below:
CNC'
s EV-to-FCF Range Over the Past 10 Years
Min: -100.55 Med: 11.23 Max: 339.69
Current: 3.47
During the past 13 years, the highest EV-to-FCF of Centene was 339.69. The lowest was -100.55. And the median was 11.23.
CNC's EV-to-FCF is ranked better than 82.35% of 17
companies
in the Healthcare Plans industry
Industry Median: 19.01
vs CNC: 3.47
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-06-26), Centene's stock price is $64.77.
Centene's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-13.140. Therefore, Centene's PE Ratio (TTM) for today is At Loss.
Centene (NYSE:CNC) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Centene's share price for today is $64.77.
Centene's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.140.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Centene EV-to-FCF Related Terms
Centene EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Centene's EV-to-FCF 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.
For the Healthcare Plans subindustry, Centene's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Centene EV-to-FCF vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Centene's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Centene's EV-to-FCF falls into.
Centene's current Enterprise Value is $24,713 Mil.
Centene's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,112 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.
Centene (CNC) has a EV-to-FCF of 3.47 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Centene and its competitors. This is 69% below median its historical median of 11.23. According to the industry distribution chart, Centene ranks #3 out of 17 companies in the Healthcare Plans industry, placing it in the top 17.6%.
Is Centene's EV-to-FCF too high?
Centene's current EV-to-FCF of 3.47 is 69% below median its 10-year median of 11.23. The Healthcare Plans industry median EV-to-FCF is 19.01. Centene's value of 3.47 is 81.7% below this industry median. Based on the distribution chart, Centene ranks #3 out of 17 companies in the Healthcare Plans industry, which is in the top quartile — a strong position relative to peers. Overall, Centene has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Centene's EV-to-FCF compare to HUM and MOH?
According to the Healthcare Plans industry distribution chart, Centene ranks #3 out of 17 companies for EV-to-FCF. This places Centene in the top 18% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 19.01. Centene's value of 3.47 is 81.7% below this benchmark. While the company's 10-year median is 11.23 vs. the industry median of 19.01, Centene has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Healthcare Plans company?
The median EV-to-FCF among Healthcare Plans companies is 19.01, based on 17 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Centene's current EV-to-FCF of 3.47 is 81.7% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Centene and its competitors. For the Healthcare Plans industry, the median EV-to-FCF is 19.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centene's current EV-to-FCF is 3.47, which is 69% below median its own 10-year median of 11.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centene stock overvalued right now?
Based on GuruFocus' analysis, Centene (CNC) is currently considered Modestly Undervalued. The stock's GF Value™ is $83.58, compared to a current price of $64.77 — trading 22.5% below its estimated fair value. The current EV-to-FCF is 3.47, which is 69% below median its 10-year median of 11.23 and 81.7% below the Healthcare Plans industry median of 19.01. Centene's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Centene (CNC), the current EV-to-FCF is 3.47 as of Jun. 26, 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 Centene (CNC) Overvalued in 2026?
Based on GuruFocus' analysis, Centene stock appears to be undervalued.
The current stock price of $64.77 is trading 22.5% below its estimated GF Value™ of $83.58.
GuruFocus considers Centene to be Modestly Undervalued.
Key valuation signals for CNC:
EV-to-FCF: 3.47 (69% below median its 10-year median of 11.23)
GF Value™: $83.58 vs. price of $64.77 (22.5% below fair value)
Industry Position: 81.7% below the Healthcare Plans median (#3 of 17)
No single metric tells the full story. See the CNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centene is a managed care organization that focuses on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 20 million medical members as of December 2025, mostly in Medicaid (about 64% of membership), the individual exchanges (about 28%), and Medicare (about 5%). The company also provides Medicare Part D pharmaceutical plans.
73GF Score
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