Elevance HealthWBO:ELV +1.35%84 FCF Margin % is 8.16% as of Mar. 2026, which is 111% above its 10-year median of 3.86. GuruFocus rates WBO:ELV with a GF Score™ of 84/100 and a GF Value™ of €442.94 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 18 Healthcare Plans companies, Elevance Health ranks worse than 66.67% on this metric.
The historical rank and industry rank for Elevance Health's FCF Margin % or its related term are showing as below:
WBO:ELV'
s FCF Margin % Range Over the Past 10 Years
Min: 1.59 Med: 3.86 Max: 7.93
Current: 3.24
During the past 13 years, the highest FCF Margin % of Elevance Health was 7.93%. The lowest was 1.59%. And the median was 3.86%.
WBO:ELV's FCF Margin % is ranked worse than 66.67% of 18
companies
in the Healthcare Plans industry
Industry Median: 4.09
vs WBO:ELV: 3.24
Elevance Health FCF Margin % Related Terms
Elevance Health FCF Margin % Historical Data
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The historical data trend for Elevance Health's FCF Margin % 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, Elevance Health's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Elevance Health's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Elevance Health's FCF Margin % 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.
Elevance Health (WBO:ELV) has a FCF Margin % of 8.16% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Elevance Health and its competitors. This is 111% above median its historical median of 3.86. Over the past decade, Elevance Health's FCF Margin % has ranged from 1.59 to 7.93. According to the industry distribution chart, Elevance Health ranks #12 out of 18 companies in the Healthcare Plans industry, placing it in the top 66.7%.
Is Elevance Health's FCF Margin % too high?
Elevance Health's current FCF Margin % of 8.16% is 111% above median its 10-year median of 3.86. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 7.93. The Healthcare Plans industry median FCF Margin % is 4.09. Elevance Health's value of 8.16% is 99.5% above this industry median. Based on the distribution chart, Elevance Health ranks #12 out of 18 companies in the Healthcare Plans industry, which is below the industry midpoint. Overall, Elevance Health has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elevance Health's FCF Margin % compare to CI and CVS?
According to the Healthcare Plans industry distribution chart, Elevance Health ranks #12 out of 18 companies for FCF Margin %. This places Elevance Health in the lower half of its industry. The industry median FCF Margin % is 4.09. Elevance Health's value of 8.16% is 99.5% above this benchmark. Historically, Elevance Health's own FCF Margin % has ranged from 1.59 to 7.93 over the past decade. While the company's 10-year median is 3.86 vs. the industry median of 4.09, Elevance Health has consistently been above 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 FCF Margin % for a Healthcare Plans company?
The median FCF Margin % among Healthcare Plans companies is 4.09, based on 18 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elevance Health's current FCF Margin % of 8.16% is 99.5% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Elevance Health and its competitors. For the Healthcare Plans industry, the median FCF Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elevance Health's current FCF Margin % is 8.16%, which is 111% above median its own 10-year median of 3.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elevance Health stock overvalued right now?
Based on GuruFocus' analysis, Elevance Health (WBO:ELV) is currently considered Modestly Undervalued. The stock's GF Value™ is €442.94, compared to a current price of €344.20 — trading 22.3% below its estimated fair value. The current FCF Margin % is 8.16%, which is 111% above median its 10-year median of 3.86 and 99.5% above the Healthcare Plans industry median of 4.09. Elevance Health's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Elevance Health (WBO:ELV), the current FCF Margin % is 8.16% as of Mar. 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 Elevance Health (WBO:ELV) Overvalued in 2026?
Based on GuruFocus' analysis, Elevance Health stock appears to be undervalued.
The current stock price of €344.20 is trading 22.3% below its estimated GF Value™ of €442.94.
GuruFocus considers Elevance Health to be Modestly Undervalued.
Key valuation signals for WBO:ELV:
FCF Margin %: 8.16% (111% above median its 10-year median of 3.86)
GF Value™: €442.94 vs. price of €344.20 (22.3% below fair value)
Industry Position: 99.5% above the Healthcare Plans median (#12 of 18)
No single metric tells the full story. See the WBO:ELV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elevance Health remains one of the leading health insurers in the US, providing medical benefits to 45 million medical members at the end of 2025. 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 in government-sponsored programs, such as Medicaid and Medicare Advantage plans, too. It is also an emerging player in pharmacy benefit management and other healthcare services.
84GF Score
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