Question 1

What is Cardinal Health's P/E ratio?

Accepted Answer

Cardinal Health (CAH) P/E ratio is 31.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Cardinal Health?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Cardinal Health specifically, the relevant sector benchmark is the current sector median of 25.0×.

Question 5

Is Cardinal Health's P/E ratio high or low?

Accepted Answer

Cardinal Health's P/E ratio of 31.1× is below its own 5-year average of 40.3× and above the sector median of 25.0×. That places the current reading at the 58th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Cardinal Health's historical P/E ratio range?

Accepted Answer

In the available daily series, Cardinal Health (CAH) P/E ratio has ranged from a low of 9.4× in 2009 to a high of 4879.3× in 2019. The 5-year average is 40.3× and the 5-year median is 27.5×.

Question 7

What was Cardinal Health's P/E ratio in 2025?

Accepted Answer

Cardinal Health (CAH) P/E ratio at the end of 2025 was 25.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Cardinal Health's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$40.15B	$1.56B	25.7×	-2.2×	Jun 30, 2025
2024	$23.85B	$853.00M	28.0×	-64.1×	Jun 30, 2024
2023	$24.02B	$261.00M	92.0×	—	Jun 30, 2023
2022	$14.27B	−$932.00M	—	—	Jun 30, 2022
2021	$16.56B	$611.00M	27.1×	—	Jun 30, 2021
2020	$15.24B	−$3.70B	—	—	Jun 30, 2020
2019	$14.17B	$1.36B	10.4×	-48.5×	Jun 30, 2019
2018	$15.13B	$257.00M	58.9×	+39.7×	Jun 30, 2018
2017	$24.62B	$1.29B	19.1×	+1.4×	Jun 30, 2017
2016	$25.28B	$1.43B	17.7×	-5.0×	Jun 30, 2016
2015	$27.60B	$1.22B	22.7×	+2.8×	Jun 30, 2015
2014	$23.24B	$1.17B	19.9×	-28.6×	Jun 30, 2014
2013	$16.17B	$333.00M	48.5×	+35.0×	Jun 30, 2013
2012	$14.49B	$1.07B	13.6×	-2.8×	Jun 30, 2012
2011	$15.66B	$958.90M	16.3×	-1.9×	Jun 30, 2011
2010	$11.73B	$642.20M	18.3×	+8.8×	Jun 30, 2010
2009	$10.95B	$1.15B	9.5×	-4.6×	Jun 30, 2009
2008	$18.34B	$1.30B	14.1×	+0.8×	Jun 30, 2008
2007	$25.64B	$1.93B	13.3×	-12.7×	Jun 30, 2007
2006	$26.02B	$1.00B	26.0×	+2.7×	Jun 30, 2006
2005	$24.55B	$1.05B	23.4×	+2.9×	Jun 30, 2005
2004	$30.24B	$1.47B	20.5×	+0.4×	Jun 30, 2004
2003	$28.32B	$1.41B	20.1×	-3.4×	Jun 30, 2003
2002	$24.82B	$1.06B	23.5×	—	Jun 30, 2002


Medtronic (MDT)	22.2×
McKesson (MCK)	22.2×
Illumina (ILMN)	21.7×
ResMed (RMD)	21.6×
GE HealthCare (GEHC)	21.6×
Pfizer (PFE)	21.1×
Quest Diagnostics (DGX)	21.1×
Henry Schein (HSIC)	21.0×
AptarGroup (ATR)	20.9×
IQVIA (IQV)	20.7×
UnitedHealth Group (UNH)	20.4×
Biogen (BIIB)	19.7×
Zoetis (ZTS)	18.9×
Gilead Sciences (GILD)	18.8×
Humana (HUM)	18.5×
Regeneron Pharmaceuticals (REGN)	18.2×
Bristol-Myers Squibb (BMY)	17.0×
HCA Healthcare (HCA)	15.8×
DaVita (DVA)	13.3×
Incyte (INCY)	13.1×
Elevance Health (ELV)	12.3×
Cigna (CI)	11.1×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for Cardinal Health (CAH)

P/E Ratio daily chart for Cardinal Health (CAH)

Historical P/E Ratio for Cardinal Health (CAH) from 2002 to 2025

About P/E Ratio at Cardinal Health (CAH)

Cardinal Health P/E Ratio by Year

Cardinal Health P/E Ratio 2025: 25.7×

Cardinal Health P/E Ratio 2024: 28.0×

Cardinal Health P/E Ratio 2023: 92.0×

Cardinal Health P/E Ratio 2021: 27.1×

Cardinal Health P/E Ratio 2019: 10.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Cardinal Health (CAH) Key Financials

P/E Ratio daily chart for Cardinal Health (CAH)

Historical P/E Ratio for Cardinal Health (CAH) from 2002 to 2025

About P/E Ratio at Cardinal Health (CAH)

Cardinal Health P/E Ratio by Year

Cardinal Health P/E Ratio 2025: 25.7×

Cardinal Health P/E Ratio 2024: 28.0×

Cardinal Health P/E Ratio 2023: 92.0×

Cardinal Health P/E Ratio 2021: 27.1×

Cardinal Health P/E Ratio 2019: 10.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Cardinal Health's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Cardinal Health?

+Is Cardinal Health's P/E ratio high or low?

+What is Cardinal Health's historical P/E ratio range?

+What was Cardinal Health's P/E ratio in 2025?

+Why does Cardinal Health's P/E ratio change over time?

Cardinal Health (CAH) Key Financials