US · USD

ELV

Elevance Health Inc

US$381.67-1.84% (-US$7.15)
Day's range
US$375.74 – US$390.37
Day's volume
US$410.8m
52-week range
US$276.69 – US$424.94

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ELV in numbers

Market cap
US$82.8bn
P/E
16.68
P/B
1.84
Dividend yield (12m)
1.80%
Net debt/EBITDA
2.99

The 12-month dividend yield of ELV is 1.80%, above its 5-year average of 1.39%.

ELV price history

02/10/202501/10/2026
Compare with

ELV risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+22.72%-10.84%-5.63%
Volatility (annualised)33.29%31.74%28.40%
Largest drawdown-15.97%-48.36%-48.36%
Positive months6/1221/3631/60

How much did investing in ELV return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,122.09 today.

Value today in ELV
US$1,122.09
Return over the period
+12.21%
Return per year
+2.33%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ELV fundamentals

Valuation

  • P/E
    16.68
  • P/B
    1.84
  • EV/EBITDA
    14.87
  • EV/EBIT
    19.00
  • EV/Revenue
    0.52
  • P/EBIT
    15.18
  • P/S
    0.41
  • P/OCF
    11.09
  • P/FCF
    13.16
  • Earnings yield
    5.26%
  • PEG ratio
    —
  • Earnings per share
    US$22.88
  • Book value per share
    US$206.96

Debt

  • Net debt
    US$20.8bn
  • Net debt/EBITDA
    2.99
  • Net debt/Equity
    0.46
  • Debt/Equity
    0.69
  • Current ratio
    1.52
  • Quick ratio
    —
  • Cash ratio
    0.23

Efficiency

  • Gross margin
    89.13%
  • EBITDA margin
    3.46%
  • Operating margin
    2.71%
  • Net margin
    2.47%
  • Asset turnover
    1.59

Profitability

  • ROE
    11.06%
  • ROA
    3.93%
  • ROIC
    7.00%
  • Payout
    30.02%

Growth

  • Revenue CAGR (5 years)
    9.25%
  • Earnings CAGR (5 years)
    3.24%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is ELV's fair price?

Two classic value formulas, with today's numbers. The current price is US$381.67.

Graham's fair price
US$326.44
14.47% below the price

√(22.50 × US$22.88 × US$206.96)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$96.40
74.74% below the price

US$5.78 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

ELV indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E13.6614.0318.3320.6718.1617.2015.8518.00
P/B1.762.032.793.363.102.372.402.36
EV/EBITDA11.4311.5412.5313.9114.7112.4012.8712.73
Dividend yield1.95%1.77%1.26%1.00%0.98%1.18%1.06%1.14%
Earnings per shareUS$25.65US$26.30US$25.73US$24.82US$25.52US$18.67US$19.05US$14.59
Book value per shareUS$198.83US$181.72US$168.94US$152.63US$149.58US$135.56US$125.74US$111.05
ROE12.90%14.47%15.23%16.26%17.06%13.77%15.15%13.14%
ROIC9.14%9.24%11.40%12.11%10.66%9.76%10.19%9.02%
Gross margin89.36%88.84%89.91%91.68%92.14%92.65%98.09%100.00%
EBITDA margin4.39%5.23%5.98%6.36%6.39%6.17%6.84%7.12%
Net margin2.84%3.38%3.49%3.76%4.44%3.75%4.61%4.07%
Net debt/EBITDA2.582.481.821.682.081.942.182.44

ELV financial statements

Line202520242023202220212020
Net revenueUS$199.1bnUS$177bnUS$171.3bnUS$156.6bnUS$138.6bnUS$121.9bn
Cost of sales-US$21.2bn-US$19.8bn-US$17.3bn-US$13bn-US$10.9bn-US$9bn
Gross profitUS$177.9bnUS$157.3bnUS$154bnUS$143.6bnUS$127.7bnUS$112.9bn
EBITDAUS$8.7bnUS$9.3bnUS$10.2bnUS$10bnUS$8.9bnUS$7.5bn
EBITUS$7.2bnUS$7.9bnUS$8.5bnUS$8.3bnUS$7.6bnUS$6.4bn
Net finance result——————
Profit before taxUS$6.7bnUS$7.9bnUS$7.7bnUS$7.6bnUS$8bnUS$6.2bn
Income tax-US$1bn-US$1.9bn-US$1.7bn-US$1.7bn-US$1.8bn-US$1.7bn
Net incomeUS$5.7bnUS$6bnUS$6bnUS$5.9bnUS$6.2bnUS$4.6bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ELV pay dividends?

Dividend yield per year

  • 1.20%2017
  • 1.14%2018
  • 1.06%2019
  • 1.18%2020
  • 0.98%2021
  • 1.00%2022
  • 1.26%2023
  • 1.77%2024
  • 1.95%2025
  • 1.35%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/09/202625/09/2026US$1.72
Dividend09/06/202625/06/2026US$1.72
Dividend09/03/202625/03/2026US$1.72
Dividend04/12/202519/12/2025US$1.71
Dividend09/09/202525/09/2025US$1.71
Dividend09/06/202525/06/2025US$1.71
Dividend07/03/202525/03/2025US$1.71
Dividend04/12/202420/12/2024US$1.63
Dividend09/09/202425/09/2024US$1.63
Dividend07/06/202425/06/2024US$1.63
Dividend06/03/202422/03/2024US$1.63
Dividend04/12/202321/12/2023US$1.48
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/09/202322/09/2023US$1.48
Dividend07/06/202323/06/2023US$1.48
Dividend08/03/202324/03/2023US$1.48
Dividend01/12/202221/12/2022US$1.28
Dividend07/09/202223/09/2022US$1.28
Dividend08/06/202224/06/2022US$1.28
Dividend08/03/202225/03/2022US$1.28
Dividend01/12/202121/12/2021US$1.13
Dividend08/09/202124/09/2021US$1.13
Dividend08/06/202125/06/2021US$1.13
Dividend08/03/202125/03/2021US$1.13
Dividend03/12/202022/12/2020US$0.95
Dividend08/09/202025/09/2020US$0.95
Dividend08/06/202025/06/2020US$0.95
Dividend12/03/202027/03/2020US$0.95
Dividend03/12/201920/12/2019US$0.80
Dividend06/09/201925/09/2019US$0.80
Dividend06/06/201925/06/2019US$0.80
Dividend14/03/201929/03/2019US$0.80
Dividend03/12/201821/12/2018US$0.75
Dividend06/09/201825/09/2018US$0.75
Dividend06/06/201825/06/2018US$0.75
Dividend07/03/201823/03/2018US$0.75
Dividend01/12/201721/12/2017US$0.70
Dividend06/09/201725/09/2017US$0.70
Dividend06/06/201723/06/2017US$0.65
Dividend07/03/201724/03/2017US$0.65
Dividend30/11/201621/12/2016US$0.65

About Elevance Health

Sector
Finance, insurance and real estate

Questions about ELV

How much is ELV today?

ELV is at US$381.67 (-1.84% on the day), last traded on 01/10/2026.

How much did ELV pay in dividends in 2025?

ELV paid US$6.84 per share in 2025, a dividend yield of 1.95%.

What are the P/E and P/B of ELV?

ELV trades at a P/E of 16.68 and a P/B of 1.84.

How much did ELV return in 12 months?

ELV returned 22.72% in 12 months, with annualised volatility of 33.29% and a largest drawdown of -15.97%.