Public Comps and Valuation Multiples for Health Benefits & Financial Solutions

Benchmark revenue and EBITDA valuation multiples for public comps like
UnitedHealth Group, Elevance Health, Cigna Group, Humana Inc. and Molina Healthcare.

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Viewing 25 of 26 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
UnitedHealth Group	$356B	$406B	$446B	0.9x	14.0x
Elevance Health	$88B	$109B	$197B	0.6x	11.0x
Cigna Group	$75B	$100B	$283B	0.4x	7.6x
Humana Inc.	$48B	$56B	$152B	0.4x	17.1x
Molina Healthcare	$10B	$5.5B	$45B	0.1x	6.9x
HealthEquity	$7.9B	$8.7B	$1.4B	6.3x	14.3x
WEX	$6.6B	$5.9B	$2.8B	2.1x	4.8x
Benefit Systems	$4.7B	$5.4B	$1.5B	3.7x	12.7x
Pluxee	$2.5B	-	$1.5B	-	-
Clover Health	$2.3B	$2B	$2.6B	0.8x	33.3x
Progyny	$2B	$1.8B	$1.3B	1.3x	7.6x
GoodRx	$1.2B	$1.4B	$799M	1.8x	5.6x
Eurowag	$956M	$1.4B	$421M	3.3x	8.3x
Hapvida	$676M	$2.2B	$6.2B	0.4x	4.0x
Evolent Health	$488M	$1.3B	$2.4B	0.6x	9.9x
MetropolCard	$303M	$244M	-	-	-
Value HR	$268M	$281M	$69M	4.1x	-
Personal Group Holdings	$170M	$137M	$70M	2.0x	7.6x
AIX Inc.	$111M	$117M	-	-	-
Qualicorp	$83M	$243M	$265M	0.9x	2.5x
eHealth	$32M	$469M	$464M	1.0x	6.3x
LM Pay	$28M	$28M	$11M	2.5x	7.2x
GoHealth	$6M	$583M	$293M	2.0x	9090.6x
M.W. Trade	$2M	$1M	-	-	-
Newtopia	$87K	$8M	-	-	-
Ontrak	$1K		-