P/FCF Ratio for Elevance Health (ELV)

Elevance Health (ELV) P/FCF ratio is 14.2× as of June 5, 2026. The 5-year average is 30.3×. The sector median currently stands at 19.8×. The current ratio is at the 39th percentile of its own 10-year history.

Elevance Health (ELV) historical P/FCF ratio has ranged from a low of 6.7× (2020) to a high of 160.0× (2024) in the available daily series.

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.