Question 1

What is Cigna's P/E ratio?

Accepted Answer

Cigna (CI) P/E ratio is 12.2× 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 Cigna?

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 Cigna specifically, the relevant sector benchmark is the current sector median of 25.0×.

Question 5

Is Cigna's P/E ratio high or low?

Accepted Answer

Cigna's P/E ratio of 12.2× is below its own 5-year average of 16.2× and below the sector median of 25.0×. That places the current reading at the 28th 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 Cigna's historical P/E ratio range?

Accepted Answer

In the available daily series, Cigna (CI) P/E ratio has ranged from a low of 6.6× in 2005 to a high of 31.8× in 2024. The 5-year average is 16.2× and the 5-year median is 14.6×.

Question 7

What was Cigna's P/E ratio in 2025?

Accepted Answer

Cigna (CI) P/E ratio at the end of 2025 was 12.3×. 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 Cigna'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	$73.20B	$5.96B	12.3×	-10.1×	Dec 31, 2025
2024	$76.71B	$3.43B	22.3×	+5.3×	Dec 31, 2024
2023	$88.21B	$5.16B	17.1×	+2.0×	Dec 31, 2023
2022	$101.20B	$6.70B	15.1×	+1.0×	Dec 31, 2022
2021	$75.70B	$5.37B	14.1×	+5.2×	Dec 31, 2021
2020	$75.18B	$8.46B	8.9×	-6.0×	Dec 31, 2020
2019	$75.75B	$5.10B	14.8×	-7.7×	Dec 31, 2019
2018	$59.45B	$2.64B	22.5×	+0.2×	Dec 31, 2018
2017	$50.08B	$2.24B	22.4×	+4.1×	Dec 31, 2017
2016	$34.07B	$1.87B	18.3×	+0.4×	Dec 31, 2016
2015	$37.47B	$2.09B	17.9×	+5.2×	Dec 31, 2015
2014	$26.79B	$2.10B	12.7×	-3.5×	Dec 31, 2014
2013	$24.03B	$1.48B	16.3×	+6.9×	Dec 31, 2013
2012	$15.20B	$1.62B	9.4×	+0.2×	Dec 31, 2012
2011	$11.67B	$1.28B	9.1×	+1.8×	Dec 31, 2011
2010	$9.92B	$1.34B	7.4×	-0.1×	Dec 31, 2010
2009	$9.67B	$1.30B	7.4×	-8.3×	Dec 31, 2009
2008	$4.60B	$292.00M	15.7×	+2.2×	Dec 31, 2008
2007	$15.09B	$1.11B	13.5×	+1.4×	Dec 31, 2007
2006	$14.00B	$1.16B	12.1×	+3.6×	Dec 31, 2006
2005	$13.82B	$1.63B	8.5×	+0.8×	Dec 31, 2005
2004	$10.89B	$1.41B	7.7×	-4.2×	Dec 31, 2004
2003	$8.01B	$668.00M	12.0×	—	Dec 31, 2003
2002	$5.75B	−$398.00M	—	—	Dec 31, 2002
2001	$13.67B	$989.00M	13.8×	—	Dec 31, 2001


Agilent Technologies (A)	23.1×
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×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for Cigna (CI)

P/E Ratio daily chart for Cigna (CI)

Historical P/E Ratio for Cigna (CI) from 2001 to 2025

About P/E Ratio at Cigna (CI)

Cigna P/E Ratio by Year

Cigna P/E Ratio 2025: 12.3×

Cigna P/E Ratio 2024: 22.3×

Cigna P/E Ratio 2023: 17.1×

Cigna P/E Ratio 2022: 15.1×

Cigna P/E Ratio 2021: 14.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Cigna (CI) Key Financials

P/E Ratio daily chart for Cigna (CI)

Historical P/E Ratio for Cigna (CI) from 2001 to 2025

About P/E Ratio at Cigna (CI)

Cigna P/E Ratio by Year

Cigna P/E Ratio 2025: 12.3×

Cigna P/E Ratio 2024: 22.3×

Cigna P/E Ratio 2023: 17.1×

Cigna P/E Ratio 2022: 15.1×

Cigna P/E Ratio 2021: 14.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Cigna'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 Cigna?

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

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

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

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

Cigna (CI) Key Financials