Elevance Health Historical PE Ratio image   This ELV PE ratio history page last updated 4/22/2024
Elevance Health Historical PE Ratio Chart
PeriodPriceAdj. EPSAnnualizedPE
Q1 2024
4/18/2024
525.1910.6442.5612.3
Q4 2023
1/24/2024
473.675.6222.4821.1
Q3 2023
10/18/2023
469.318.9935.9613.1
Q2 2023
7/19/2023
463.219.0436.1612.8
Q1 2023
4/19/2023
457.339.4637.8412.1
Q4 2022
1/25/2023
495.595.2320.9223.7
Q3 2022
10/19/2022
487.817.5330.1216.2
Q2 2022
7/20/2022
459.548.0432.1614.3
Q1 2022
4/20/2022
529.848.2533.0016.1
Q4 2021
1/26/2022
428.445.1420.5620.8
Q3 2021
10/20/2021
424.056.7927.1615.6
Q2 2021
7/21/2021
383.597.0328.1213.6
Q1 2021
4/21/2021
384.847.0128.0413.7
Q4 2020
1/27/2021
290.172.5410.1628.6
Q3 2020
10/28/2020
285.804.2016.8017.0
Q2 2020
7/29/2020
281.569.2036.807.7
Q1 2020
4/29/2020
280.616.4825.9210.8
Q4 2019
1/29/2020
272.913.8815.5217.6
Q3 2019
10/23/2019
263.514.8719.4813.5
Q2 2019
7/24/2019
288.914.6418.5615.6
Q1 2019
4/24/2019
251.006.0324.1210.4
Q4 2018
1/30/2019
297.562.449.7630.5
Q3 2018
10/31/2018
275.573.8115.2418.1
Q2 2018
7/25/2018
247.934.2517.0014.6
Q1 2018
4/25/2018
238.845.4121.6411.0
Q4 2017
1/31/2018
247.851.295.1648.0
Q3 2017
10/25/2017
205.712.6510.6019.4
Q2 2017
7/26/2017
184.993.3713.4813.7
Q1 2017
4/26/2017
179.034.6818.729.6
Q4 2016
2/1/2017
160.791.767.0422.8
Q3 2016
11/2/2016
122.992.459.8012.5
Q2 2016
7/27/2016
133.863.3313.3210.0
Q1 2016
4/27/2016
144.763.4613.8410.5
Q4 2015
1/27/2016
131.231.144.5628.8
Q3 2015
10/28/2015
141.802.7310.9213.0
Q2 2015
7/29/2015
155.273.1012.4012.5
Q1 2015
4/29/2015
151.073.1412.5612.0
Q4 2014
1/28/2015
133.581.736.9219.3
Q3 2014
10/29/2014
122.202.369.4412.9
Q2 2014
7/30/2014
112.472.449.7611.5
Q1 2014
4/30/2014
100.682.309.2010.9
Q4 2013
1/29/2014
85.370.873.4824.5
Q3 2013
10/23/2013
85.482.108.4010.2
Q2 2013
7/24/2013
87.442.6010.408.4
Q1 2013
4/24/2013
73.332.9411.766.2
Q4 2012
1/23/2013
64.831.034.1215.7
Q3 2012
11/7/2012
57.852.098.366.9
Q2 2012
7/25/2012
54.012.048.166.6
Q1 2012
4/25/2012
70.402.349.367.5
Elevance Health PE History Chart
PeriodPriceAdj. EPSTTMPE
Q1 2024
4/18/2024
525.1910.6434.2915.3
Q4 2023
1/24/2024
473.675.6233.1114.3
Q3 2023
10/18/2023
469.318.9932.7214.3
Q2 2023
7/19/2023
463.219.0431.2614.8
Q1 2023
4/19/2023
457.339.4630.2615.1
Q4 2022
1/25/2023
495.595.2329.0517.1
Q3 2022
10/19/2022
487.817.5328.9616.8
Q2 2022
7/20/2022
459.548.0428.2216.3
Q1 2022
4/20/2022
529.848.2527.2119.5
Q4 2021
1/26/2022
428.445.1425.9716.5
Q3 2021
10/20/2021
424.056.7923.3718.1
Q2 2021
7/21/2021
383.597.0320.7818.5
Q1 2021
4/21/2021
384.847.0122.9516.8
Q4 2020
1/27/2021
290.172.5422.4212.9
Q3 2020
10/28/2020
285.804.2023.7612.0
Q2 2020
7/29/2020
281.569.2024.4311.5
Q1 2020
4/29/2020
280.616.4819.8714.1
Q4 2019
1/29/2020
272.913.8819.4214.1
Q3 2019
10/23/2019
263.514.8717.9814.7
Q2 2019
7/24/2019
288.914.6416.9217.1
Q1 2019
4/24/2019
251.006.0316.5315.2
Q4 2018
1/30/2019
297.562.4415.9118.7
Q3 2018
10/31/2018
275.573.8114.7618.7
Q2 2018
7/25/2018
247.934.2513.6018.2
Q1 2018
4/25/2018
238.845.4112.7218.8
Q4 2017
1/31/2018
247.851.2911.9920.7
Q3 2017
10/25/2017
205.712.6512.4616.5
Q2 2017
7/26/2017
184.993.3712.2615.1
Q1 2017
4/26/2017
179.034.6812.2214.7
Q4 2016
2/1/2017
160.791.7611.0014.6
Q3 2016
11/2/2016
122.992.4510.3811.8
Q2 2016
7/27/2016
133.863.3310.6612.6
Q1 2016
4/27/2016
144.763.4610.4313.9
Q4 2015
1/27/2016
131.231.1410.1113.0
Q3 2015
10/28/2015
141.802.7310.7013.3
Q2 2015
7/29/2015
155.273.1010.3315.0
Q1 2015
4/29/2015
151.073.149.6715.6
Q4 2014
1/28/2015
133.581.738.8315.1
Q3 2014
10/29/2014
122.202.367.9715.3
Q2 2014
7/30/2014
112.472.447.7114.6
Q1 2014
4/30/2014
100.682.307.8712.8
Q4 2013
1/29/2014
85.370.878.5110.0
Q3 2013
10/23/2013
85.482.108.679.9
Q2 2013
7/24/2013
87.442.608.6610.1
Q1 2013
4/24/2013
73.332.948.109.1
Q4 2012
1/23/2013
64.831.037.508.6
Q3 2012
11/7/2012
57.852.09NANA
Q2 2012
7/25/2012
54.012.04NANA
Q1 2012
4/25/2012
70.402.34NANA
How should the ELV historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?

✔️Accepted answer: There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Elevance Health. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this ELV Historical PE Ratio page.

What is the average historical PE for ELV based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?

✔️Accepted answer: The ELV historical PE ratio using the annualized quarterly earnings method works out to 15.4.

What is the average historical PE for ELV based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?

✔️Accepted answer: The ELV historical PE ratio using the TTM earnings method works out to 14.8.

What is the average historical PE for ELV based on median TTM earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the median earnings over the trailing twelve months and annualize that median result in the calculation?

✔️Accepted answer: The ELV historical PE ratio using the annualized median TTM earnings method works out to 36.08.

On this page we presented the Elevance Health Historical PE Ratio information for Elevance Health' stock. The average ELV historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 15.4. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average ELV historical PE based on this TTM earnings result method is 14.8.

Let's now compare this ELV historical PE result, against the recent PE: when this page was posted on 4/19/2024, the most recent closing price for ELV had been 531.42, and the most recent quarterly earnings result, annualized, was 42.56. Meanwhile, the most recent TTM earnings summed to 34.29. From these numbers, we calculate the recent ELV PE on 4/19/2024 based on annualized quarterly EPS was 12.5. Based on ELV's history, that recent PE is low relative to the historical average, with the recent PE 18.8% lower than the historical average PE across our data set for Elevance Health. Looking at the recent ELV PE on 4/19/2024 based on TTM EPS, we calculate the ratio at 15.5. Based on ELV's history, that recent PE is elevated relative to the historical average, with the recent PE 4.7% higher than the historical average PE across our Elevance Health data set with TTM EPS used in the calculation at each period.

Another interesting ELV historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for ELV, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for ELV, we start with the past four EPS numbers and we first sort them from lowest to highest: 5.62, 8.99, 9.04, and 10.64. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 8.99 and 9.04 — which gives us the median of 9.02. Basically the way to think about this 9.02 number is this: for the trailing four earnings reports, 9.02 marks the "middle ground" number where ELV has reported a value higher than 9.02 half the time, and has reported a value lower than 9.02 half the time. Annualizing that median value then gets us to 36.08/share, which we use as the denominator in our next PE calculation. With 531.42 as the numerator (as of 4/19/2024), the calculation is then 531.42 / 36.08 = 14.7 as the ELV PE ratio as of 4/19/2024, based on that annualized median value we calculated.

For self directed investors doing their due diligence on ELV or any other given stock, valuation analysis for ELV can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Elevance Health PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for ELV. Thanks for visiting, and the next time you need to research ELV Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.

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