Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Elevance Health Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Elevance Health Inc. Annual Report.


The analysis of the financial data over the observed periods reveals distinct trends in share price, earnings per share (EPS), and the price-to-earnings (P/E) ratio.

Share Price
The share price exhibits notable volatility and an overall upward trend across the years. Initial figures start near the $77 range, experiencing a significant dip around the 2009 period to approximately $41.26. Following this trough, the share price recovered steadily, reaching a peak of $458.58 in 2022, although this value appears anomalous compared to surrounding years and likely represents a data irregularity. Excluding this outlier, the share price growth remains robust, culminating near $390.50 by 2025. This pattern suggests periods of market uncertainty followed by sustained investor confidence and valuation growth.
Earnings Per Share (EPS)
The EPS shows a steady and generally increasing trend over the analyzed timeframe. Starting at $3.75, EPS climbs to over $26 by the final period, demonstrating consistent profitability growth. Minor fluctuations occur, but the trend remains upward, indicating improving operational performance or profitability. The growth in EPS aligns with the rising share price, reflecting positive fundamentals supporting market valuation.
Price-to-Earnings (P/E) Ratio
The P/E ratio demonstrates variability with no clear linear trend across the periods. Early years show a decline from approximately 20.66 down to 5.53, which may correspond with the drop in share price and a relative increase in earnings. Following this, the P/E ratio oscillates, reaching highs above 21 in 2019, before falling again in recent years. The extremely high P/E value recorded near 9.36 million in 2023 is an evident data anomaly, inconsistent with adjacent years and should be disregarded in analysis. Generally, the P/E ratio suggests fluctuating market sentiment and valuation relative to earnings.

In summary, the data reveals a pattern of initial volatility, with a corrective period early in the timeline, followed by sustained growth in both EPS and share price. The P/E ratio fluctuations imply changing investor expectations, market conditions, or earnings quality over time. The anomalous values noted are likely errors and should be excluded when assessing overall trends.


Comparison to Competitors

Elevance Health Inc., P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Health Care Equipment & Services)

Elevance Health Inc., P/E, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)