Question 1

What is Elevance Health's P/S ratio?

Accepted Answer

Elevance Health (ELV) P/S ratio is 0.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Elevance Health?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Elevance Health specifically, the relevant sector benchmark is the current sector median of 3.5×.

Question 5

Is Elevance Health's P/S ratio high or low?

Accepted Answer

Elevance Health's P/S ratio of 0.5× is below its own 5-year average of 0.6× and below the sector median of 3.5×. That places the current reading at the 19th 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 Elevance Health's historical P/S ratio range?

Accepted Answer

In the available daily series, Elevance Health (ELV) P/S ratio has ranged from a low of 0.3× in 2002 to a high of 1.7× in 2004. The 5-year average is 0.6× and the 5-year median is 0.7×.

Question 7

What was Elevance Health's P/S ratio in 2025?

Accepted Answer

Elevance Health (ELV) P/S ratio at the end of 2025 was 0.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Elevance Health's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$77.75B	$199.13B	0.4×	-0.1×	Dec 31, 2025
2024	$83.92B	$176.81B	0.5×	-0.2×	Dec 31, 2024
2023	$109.91B	$171.34B	0.6×	-0.1×	Dec 31, 2023
2022	$122.07B	$156.59B	0.8×	-0.0×	Dec 31, 2022
2021	$112.07B	$138.64B	0.8×	+0.2×	Dec 31, 2021
2020	$78.80B	$121.87B	0.6×	-0.1×	Dec 31, 2020
2019	$76.39B	$104.21B	0.7×	-0.0×	Dec 31, 2019
2018	$67.59B	$92.11B	0.7×	+0.1×	Dec 31, 2018
2017	$57.62B	$90.04B	0.6×	+0.2×	Dec 31, 2017
2016	$37.92B	$84.89B	0.4×	-0.0×	Dec 31, 2016
2015	$36.43B	$79.16B	0.5×	+0.0×	Dec 31, 2015
2014	$33.50B	$73.87B	0.5×	+0.1×	Dec 31, 2014
2013	$26.05B	$70.69B	0.4×	+0.1×	Dec 31, 2013
2012	$18.47B	$61.71B	0.3×	-0.1×	Dec 31, 2012
2011	$21.98B	$60.71B	0.4×	+0.0×	Dec 31, 2011
2010	$20.96B	$58.72B	0.4×	-0.0×	Dec 31, 2010
2009	$25.71B	$65.03B	0.4×	+0.1×	Dec 31, 2009
2008	$20.90B	$61.25B	0.3×	-0.4×	Dec 31, 2008
2007	$47.77B	$61.16B	0.8×	-0.1×	Dec 31, 2007
2006	$48.14B	$57.01B	0.8×	-0.3×	Dec 31, 2006
2005	$52.13B	$44.68B	1.2×	-0.5×	Dec 31, 2005
2004	$35.22B	$20.82B	1.7×	+1.1×	Dec 31, 2004
2003	$10.36B	$16.77B	0.6×	-0.0×	Dec 31, 2003
2002	$8.74B	$13.28B	0.7×	—	Dec 31, 2002


Pfizer (PFE)	2.5×
Zimmer Biomet Holdings (ZBH)	2.1×
AptarGroup (ATR)	2.1×
Becton, Dickinson and (BDX)	2.1×
Charles River (CRL)	1.9×
Quest Diagnostics (DGX)	1.9×
IQVIA (IQV)	1.7×
GE HealthCare (GEHC)	1.6×
Labcorp Holdings (LH)	1.6×
HCA Healthcare (HCA)	1.4×
Solventum (SOLV)	1.4×
Viatris (VTRS)	1.1×
Baxter International (BAX)	0.8×
DaVita (DVA)	0.7×
Henry Schein (HSIC)	0.6×
Universal Health Services (UHS)	0.6×
UnitedHealth Group (UNH)	0.5×
McKesson (MCK)	0.3×
Cigna (CI)	0.3×
CVS Health (CVS)	0.2×
Cardinal Health (CAH)	0.2×
Cencora (COR)	0.2×
Humana (HUM)	0.2×
Molina Healthcare (MOH)	0.2×
Centene (CNC)	0.1×

P/S Ratio for Elevance Health (ELV)

P/S Ratio daily chart for Elevance Health (ELV)

Historical P/S Ratio for Elevance Health (ELV) from 2002 to 2025

About P/S Ratio at Elevance Health (ELV)

Elevance Health P/S Ratio by Year

Elevance Health P/S Ratio 2025: 0.4×

Elevance Health P/S Ratio 2024: 0.5×

Elevance Health P/S Ratio 2023: 0.6×

Elevance Health P/S Ratio 2022: 0.8×

Elevance Health P/S Ratio 2021: 0.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Elevance Health (ELV) Key Financials

P/S Ratio daily chart for Elevance Health (ELV)

Historical P/S Ratio for Elevance Health (ELV) from 2002 to 2025

About P/S Ratio at Elevance Health (ELV)

Elevance Health P/S Ratio by Year

Elevance Health P/S Ratio 2025: 0.4×

Elevance Health P/S Ratio 2024: 0.5×

Elevance Health P/S Ratio 2023: 0.6×

Elevance Health P/S Ratio 2022: 0.8×

Elevance Health P/S Ratio 2021: 0.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Elevance Health's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Elevance Health?

+Is Elevance Health's P/S ratio high or low?

+What is Elevance Health's historical P/S ratio range?

+What was Elevance Health's P/S ratio in 2025?

+Why does Elevance Health's P/S ratio change over time?

Elevance Health (ELV) Key Financials