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CVS Health Valuation Multiples
Discover revenue and EBITDA valuation multiples for CVS Health and similar public comparables like Dr. Sulaiman Al Habib, Sigma Healthcare, JD Health, Alibaba Health and more.
CVS Health Overview
About CVS Health
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the US. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It operates a top-tier health insurer (acquired through Aetna) through which it serves about 27 million medical members. The acquisition of Oak Street Health added primary care services to the mix, which could have significant synergies with all existing business lines.
Founded
1996
HQ
Employees
300.0K
Website
Sectors
Financials (LTM)
EV
$173B
CVS Health Financials
CVS Health reported last 12-month revenue of $403B and EBITDA of $18B.
In the same LTM period, CVS Health generated $180B in gross profit, $18B in EBITDA, and $3B in net income.
Revenue (LTM)
CVS Health P&L
In the most recent fiscal year, CVS Health reported revenue of $402B and EBITDA of $17B.
CVS Health expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $403B | XXX | $402B | XXX | XXX | XXX |
| Gross Profit | $180B | XXX | $55B | XXX | XXX | XXX |
| Gross Margin | 45% | XXX | 14% | XXX | XXX | XXX |
| EBITDA | $18B | XXX | $17B | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | — | — | $56B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CVS Health Stock Performance
CVS Health has current market cap of $104B, and enterprise value of $173B.
Market Cap Evolution
CVS Health's stock price is $81.66.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $173B | $104B | 0.0% | XXX | XXX | XXX | $1.39 |
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Start Free TrialCVS Health Valuation Multiples
CVS Health trades at 0.4x EV/Revenue multiple, and 9.9x EV/EBITDA.
EV / Revenue (LTM)
CVS Health Financial Valuation Multiples
As of March 22, 2026, CVS Health has market cap of $104B and EV of $173B.
Equity research analysts estimate CVS Health's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CVS Health has a P/E ratio of 34.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $104B | XXX | $104B | XXX | XXX | XXX |
| EV (current) | $173B | XXX | $173B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 9.9x | XXX | 9.9x | XXX | XXX | XXX |
| EV/EBIT | 11.8x | XXX | 12.0x | XXX | XXX | XXX |
| EV/Gross Profit | 1.0x | XXX | 3.1x | XXX | XXX | XXX |
| P/E | 34.5x | XXX | 58.8x | XXX | XXX | XXX |
| EV/FCF | 18.9x | XXX | 18.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CVS Health 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.
CVS Health Margins & Growth Rates
CVS Health's revenue in the last 12 month grew by 2%.
CVS Health's revenue per employee in the last FY averaged $1.3M.
CVS Health's rule of 40 is 6% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CVS Health's rule of X is 8% (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).
CVS Health Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 6% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 8% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CVS Health Public Comps
See public comps and valuation multiples for other Pharmacies comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Dr. Sulaiman Al Habib | XXX | XXX | XXX | XXX | XXX | XXX |
| Sigma Healthcare | XXX | XXX | XXX | XXX | XXX | XXX |
| JD Health | XXX | XXX | XXX | XXX | XXX | XXX |
| Alibaba Health | XXX | XXX | XXX | XXX | XXX | XXX |
| Droga Raia | 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.
CVS Health M&A Activity
CVS Health acquired XXX companies to date.
Last acquisition by CVS Health was on XXXXXXXX, XXXXX. CVS Health acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CVS Health
| 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 TrialCVS Health Investment Activity
CVS Health invested in XXX companies to date.
CVS Health made its latest investment on XXXXXXXX, XXXXX. CVS Health invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CVS Health
| 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 CVS Health
| When was CVS Health founded? | CVS Health was founded in 1996. |
| Where is CVS Health headquartered? | CVS Health is headquartered in United States. |
| How many employees does CVS Health have? | As of today, CVS Health has over 300K employees. |
| Who is the CEO of CVS Health? | CVS Health's CEO is J. David Joyner. |
| Is CVS Health publicly listed? | Yes, CVS Health is a public company listed on NYSE. |
| What is the stock symbol of CVS Health? | CVS Health trades under CVS ticker. |
| When did CVS Health go public? | CVS Health went public in 1952. |
| Who are competitors of CVS Health? | CVS Health main competitors are Dr. Sulaiman Al Habib, Sigma Healthcare, JD Health, Alibaba Health. |
| What is the current market cap of CVS Health? | CVS Health's current market cap is $104B. |
| What is the current revenue of CVS Health? | CVS Health's last 12 months revenue is $403B. |
| What is the current revenue growth of CVS Health? | CVS Health revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of CVS Health? | Current revenue multiple of CVS Health is 0.4x. |
| Is CVS Health profitable? | Yes, CVS Health is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CVS Health? | CVS Health's last 12 months EBITDA is $18B. |
| What is CVS Health's EBITDA margin? | CVS Health's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of CVS Health? | Current EBITDA multiple of CVS Health is 9.9x. |
| What is the current FCF of CVS Health? | CVS Health's last 12 months FCF is $9B. |
| What is CVS Health's FCF margin? | CVS Health's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of CVS Health? | Current FCF multiple of CVS Health is 18.9x. |
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