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Cigna Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cigna Group and similar public comparables like Tokio Marine, Munich Re, Travelers, Elevance Health and more.
Cigna Group Overview
About Cigna Group
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is with the Department of Defense (current contract through 2029), and it recently won a multiyear deal with top-tier insurer Centene. In health insurance and other benefits, Cigna primarily serves employers through self-funding arrangements, and the company operates mostly in the US with 17 million US and 2 million international medical members covered as of December 2024.
Founded
1981
HQ
Employees
67.7K
Website
Financials (LTM)
EV
$105B
Cigna Group Financials
Cigna Group reported last 12-month revenue of $277B and EBITDA of $13B.
In the same LTM period, Cigna Group generated $25B in gross profit, $13B in EBITDA, and $8B in net income.
Revenue (LTM)
Cigna Group P&L
In the most recent fiscal year, Cigna Group reported revenue of $275B and EBITDA of $13B.
Cigna Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $277B | XXX | $275B | XXX | XXX | XXX |
| Gross Profit | $25B | XXX | — | XXX | XXX | XXX |
| Gross Margin | 9% | XXX | — | XXX | XXX | XXX |
| EBITDA | $13B | XXX | $13B | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $8B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $24B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cigna Group Stock Performance
Cigna Group has current market cap of $77B, and enterprise value of $105B.
Market Cap Evolution
Cigna Group's stock price is $290.85.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $105B | $77B | 0.0% | XXX | XXX | XXX | $30.42 |
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Start Free TrialCigna Group Valuation Multiples
Cigna Group trades at 0.4x EV/Revenue multiple, and 8.3x EV/EBITDA.
EV / Revenue (LTM)
Cigna Group Financial Valuation Multiples
As of April 1, 2026, Cigna Group has market cap of $77B and EV of $105B.
Equity research analysts estimate Cigna Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cigna Group has a P/E ratio of 9.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $77B | XXX | $77B | XXX | XXX | XXX |
| EV (current) | $105B | XXX | $105B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 8.3x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 10.7x | XXX | 10.9x | XXX | XXX | XXX |
| EV/Gross Profit | 4.1x | XXX | — | XXX | XXX | XXX |
| P/E | 9.6x | XXX | 9.6x | XXX | XXX | XXX |
| EV/FCF | 12.0x | XXX | 12.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cigna Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Cigna Group Margins & Growth Rates
Cigna Group's revenue in the last 12 month grew by 4%.
Cigna Group's revenue per employee in the last FY averaged $4.1M.
Cigna Group's rule of 40 is 8% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cigna Group's rule of X is 13% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cigna Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 8% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 13% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.1M | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cigna Group Public Comps
See public comps and valuation multiples for other Insurance Carriers and Health Benefits & Financial Solutions comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tokio Marine | XXX | XXX | XXX | XXX | XXX | XXX |
| Munich Re | XXX | XXX | XXX | XXX | XXX | XXX |
| Travelers | XXX | XXX | XXX | XXX | XXX | XXX |
| Elevance Health | XXX | XXX | XXX | XXX | XXX | XXX |
| Generali | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cigna Group M&A Activity
Cigna Group acquired XXX companies to date.
Last acquisition by Cigna Group was on XXXXXXXX, XXXXX. Cigna Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cigna Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCigna Group Investment Activity
Cigna Group invested in XXX companies to date.
Cigna Group made its latest investment on XXXXXXXX, XXXXX. Cigna Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cigna Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cigna Group
| When was Cigna Group founded? | Cigna Group was founded in 1981. |
| Where is Cigna Group headquartered? | Cigna Group is headquartered in United States. |
| How many employees does Cigna Group have? | As of today, Cigna Group has over 67K employees. |
| Who is the CEO of Cigna Group? | Cigna Group's CEO is David M. Cordani. |
| Is Cigna Group publicly listed? | Yes, Cigna Group is a public company listed on NYSE. |
| What is the stock symbol of Cigna Group? | Cigna Group trades under CI ticker. |
| When did Cigna Group go public? | Cigna Group went public in 1982. |
| Who are competitors of Cigna Group? | Cigna Group main competitors are Tokio Marine, Munich Re, Travelers, Elevance Health. |
| What is the current market cap of Cigna Group? | Cigna Group's current market cap is $77B. |
| What is the current revenue of Cigna Group? | Cigna Group's last 12 months revenue is $277B. |
| What is the current revenue growth of Cigna Group? | Cigna Group revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Cigna Group? | Current revenue multiple of Cigna Group is 0.4x. |
| Is Cigna Group profitable? | Yes, Cigna Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cigna Group? | Cigna Group's last 12 months EBITDA is $13B. |
| What is Cigna Group's EBITDA margin? | Cigna Group's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Cigna Group? | Current EBITDA multiple of Cigna Group is 8.3x. |
| What is the current FCF of Cigna Group? | Cigna Group's last 12 months FCF is $9B. |
| What is Cigna Group's FCF margin? | Cigna Group's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Cigna Group? | Current FCF multiple of Cigna Group is 12.0x. |
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