Elevance Health Inc

Elevance Health Inc

ELV

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Market Cap$81.51B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Elevance Health IncElevance Health Inc16.71.83%11%0.40.7

Earnings Call Q2 2026

July 15, 2026 - AI Summary

Strong Q2 performance → guidance raised (and capitalizes on execution) - Q2 2026 adjusted diluted EPS: $7.45, ahead of outlook. - Guidance raised: 2026 adjusted diluted EPS to at least $27 (from prior guidance range). - 2027 outlook reiterated/strengthened: confident in ≥12% adjusted EPS growth in 2027 off the ending 2026 earnings baseline (not a one-line or one-quarter story).
Operating drivers: “trend management” improved + disciplined expense control; upside partially from MA/ACA - Favorable benefit expense cited as key driver, especially in Medicare Advantage and individual ACA. - Deliberate MA portfolio actions (plan design + mix shift toward D-SNP/HMO) are translating into stronger-than-expected results; management reiterated a path to ≥2% MA operating margin in 2026. - Individual ACA: favorability driven by seasonality from higher bronze plan mix and favorable final 2025 CMS risk adjustment results (but management remains cautious not to extrapolate early-year favorability).
Medicaid: still dynamic and prudent; improving back-half margin but no “material trend relief” assumed - 2026 Medicaid operating margin outlook held at ~-1.75% (prudently unchanged), with 2026 expected as the trough. - Back-half improvement expected: management expects second-half Medicaid margin profile to improve from Q2, supported by constructive July 1 rate activity and continued cost actions. - Trend remains elevated but actionable: persistent cost drivers include behavioral health (incl. ABA), specialty pharmacy, outpatient surgery, ED utilization. - Key “surprise/important nuance” from management: no new stepwise acuity reset; incremental pressure increasingly tied to utilization among members who remain, not a sudden worsening mix.

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$437.88

Target Price by Analysts

14.4% upsideElevance Health Target Price DetailsTarget Price
$897.18

Current Fair Value

134.4% upside

Undervalued by 134.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$81.51 Billion
Enterprise Value$102.32 Billion
Dividend Yield$6.86 (1.83%)
Earnings per Share$25.18
Beta0.68
Outstanding Shares217,900,000

Return

Return on Equity11.06%ROE
Return on Assets3.93%
Return on Invested Capital8.51%

Valuation & Multiples

P/E Ratio16.7P/E Ratio
PEG-46.69PEG
Price to Sales0.42Price to Sales
Price to Book Ratio1.86Price to Book Ratio
Enterprise Value to Revenue0.51
Enterprise Value to EBIT14.63
Enterprise Value to Net Income20
Total Debt to Enterprise0.3
Debt to Equity0.69Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 16, 2026
EPS Estimate
$6.18
Average shareholder expectation
Revenue Estimate
$48.82 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 20, 2026
EPS Estimate
$4.79
Average shareholder expectation
Revenue Estimate
$49.26 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1739 58.70%
Total Calls23,000 98.34%
Total Puts27,000 96.68%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %6.38% 81.97%
Total Invested$5.25B 90.79%
Investors Holding660 850.00%

ESG Score

No data

About Elevance Health Inc

83,400 employees
CEO: Gail Boudreaux

Anthem is a leading health benefits company dedicated to improving lives and communities, and making healthcare simpler. Through its affiliated companies, Anthem serves more than 110 million people, including approximately 43 million wit...

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for tax legislation, directly influencing corporate tax structures and overall tax burden, which significantly impacts a large financial/insurance company like Elevance Health.

Finance

Directly controls taxation, trade, and crucial entitlement spending programs like Medicare and Medicaid, which are fundamental to Elevance Health's business model and profitability.

Appropriations

Directly allocates federal spending for health programs (e.g., Medicare, Medicaid, HHS), which are crucial funding sources and operational areas for Elevance Health.

Health, Education, Labor, and Pensions

Directly regulates significant aspects of the healthcare industry, including broad health policy, health insurance oversight, and labor laws that impact Elevance Health's operations.

Judiciary

Jurisdiction over antitrust laws and M&A directly impacts market consolidation and competitive practices within the health insurance industry, which is critical for a large player like Elevance Health.

Budget

Directly impacts federal healthcare spending ceilings for programs like Medicare and Medicaid, which are critical revenue sources and regulatory environments for Elevance Health.