The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-23), Elevance Health's share price is $532.92. Elevance Health's Book Value per Share for the quarter that ended in Mar. 2024 was $174.62. Hence, Elevance Health's PB Ratio of today is 3.05.
The historical rank and industry rank for Elevance Health's PB Ratio or its related term are showing as below:
ELV'
s PB Ratio Range Over the Past 10 Years
Min: 0.91 Med: 2.18 Max: 3.61
Current: 3.05
During the past 13 years, Elevance Health's highest PB Ratio was 3.61. The lowest was 0.91. And the median was 2.18.
ELV's PB Ratio is ranked worse than 57.89% of 19
companies
in the Healthcare Plans industry
Industry Median: 2.44
vs ELV: 3.05
During the past 12 months, Elevance Health's average Book Value Per Share Growth Rate was 10.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Elevance Health was 47.70% per year. The lowest was 4.10% per year. And the median was 9.70% per year.
Back to Basics: PB Ratio
Elevance Health PB Ratio Historical Data
The historical data trend for Elevance Health's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB 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.
Elevance Health PB Ratio Distribution
For the Healthcare Plans industry and Healthcare sector, Elevance Health's PB Ratio distribution charts can be found below:
* The bar in red indicates where Elevance Health's PB Ratio falls into.
Elevance Health PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Elevance Health's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Elevance Health PB Ratio Related Terms
Thank you for viewing the detailed overview of Elevance Health's PB Ratio 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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