Elevance Health
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.1114.2215.3514.9917.8016.0517.6118.5120.8818.3513.4716.05
Price/Sales ratio
0.450.450.440.630.720.740.660.810.780.640.490.74
Price/Book Value ratio
1.381.581.512.172.342.432.423.133.392.791.972.43
Price/Cash Flow ratio
10.008.8511.8313.7617.4512.737.5313.5114.6513.6340.5717.45
Price/Free Cash Flow ratio
12.2810.3614.4616.9725.5015.488.3315.5216.9816.2498.8025.50
Price/Earnings Growth ratio
2.763.15-4.400.26-15.760.54-5.670.49-10.923.981.64-15.76
Dividend Yield
1.42%1.80%1.80%1.22%1.16%1.06%1.18%0.97%0.99%1.26%1.75%1.16%
Profitability Indicator Ratios
Gross Profit Margin
23.08%22.87%21.35%19.77%21.94%21.52%27.75%25.96%25.51%89.90%27.93%21.94%
Operating Profit Margin
6.89%6.76%6.37%5.53%6.33%6.46%6.32%6.45%5.39%78.18%5.28%6.46%
Pretax Profit Margin
5.90%5.84%5.36%4.40%5.50%5.74%5.11%5.71%4.85%4.50%4.76%5.74%
Net Profit Margin
3.47%3.23%2.90%4.26%4.07%4.61%3.75%4.40%3.76%3.49%3.68%4.61%
Effective Tax Rate
41.39%44.72%45.78%3.05%26.00%19.68%26.70%23.09%22.52%22.34%23.01%19.68%
Return on Assets
4.14%4.14%3.79%5.44%5.23%6.20%5.27%6.27%5.73%5.49%5.50%5.23%
Return On Equity
10.59%11.10%9.83%14.49%13.13%15.15%13.77%16.92%16.23%15.23%15.47%13.13%
Return on Capital Employed
10.31%10.90%10.66%9.21%10.37%11.02%11.37%11.80%13.39%199.53%12.35%10.37%
Liquidity Ratios
Current Ratio
1.361.321.331.361.321.39N/AN/AN/AN/A1.491.32
Quick Ratio
3.963.824.504.023.623.923.953.861.681.431.493.92
Cash ratio
0.170.160.280.210.250.300.300.220.180.150.180.30
Days of Sales Outstanding
35.8033.8136.0635.6436.8936.9617.0020.4220.8821.2223.4736.96
Days of Inventory outstanding
-148.52-129.74-187.40-183.23-129.71-129.65-142.32-136.84-35.61N/AN/A-129.71
Operating Cycle
-112.71-95.92-151.33-147.58-92.82-92.68-125.31-116.41-14.7221.2223.47-92.82
Days of Payables Outstanding
67.4965.0265.0265.7663.0158.1969.8665.7417.54485.8918.2058.19
Cash Conversion Cycle
-180.20-160.95-216.36-213.35-155.83-150.88-195.17-182.15-32.27-464.675.26-155.83
Debt Ratios
Debt Ratio
0.240.250.240.280.260.250.230.230.230.230.230.25
Debt Equity Ratio
0.620.680.620.750.670.630.600.630.660.630.620.63
Long-term Debt to Capitalization
0.360.390.360.390.370.350.360.360.380.370.360.35
Total Debt to Capitalization
0.380.400.380.420.400.380.370.380.390.380.380.38
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A0.00N/AN/AN/A8.33N/A
Cash Flow to Debt Ratio
0.220.250.200.200.190.300.530.360.340.320.070.30
Company Equity Multiplier
2.552.672.592.662.502.442.602.692.832.772.662.50
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.050.030.040.040.050.080.060.050.040.010.05
Free Cash Flow / Operating Cash Flow Ratio
0.810.850.810.810.680.820.900.870.860.830.400.82
Cash Flow Coverage Ratio
0.220.250.200.200.190.300.530.360.340.320.070.30
Short Term Coverage Ratio
3.287.622.341.641.912.6315.264.464.754.300.862.63
Dividend Payout Ratio
18.70%25.64%27.69%18.34%20.69%17.01%20.86%18.08%20.85%23.30%23.07%20.69%