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Elevance Health Valuation Multiples

Discover revenue and EBITDA valuation multiples for Elevance Health and similar public comparables like Challenger, NN Group, and ASR Nederland.

Elevance Health Overview

About Elevance Health

Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 47 million medical members as of December 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.


Founded

2001

HQ

United States of America
Employees

104.2K+

Financials

LTM Revenue $179B

LTM EBITDA $11.0B

EV

$122B

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Elevance Health Financials

Elevance Health has a last 12-month revenue of $179B and a last 12-month EBITDA of $11.0B.

In the most recent fiscal year, Elevance Health achieved revenue of $177B and an EBITDA of n/a.

Elevance Health expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Elevance Health P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $171B $177B XXX XXX XXX
Gross Profit n/a n/a XXX XXX XXX
Gross Margin NaN% NaN% XXX XXX XXX
EBITDA n/a n/a XXX XXX XXX
EBITDA Margin NaN% NaN% XXX XXX XXX
Net Profit $6.0B $6.0B XXX XXX XXX
Net Margin 4% 3% XXX XXX XXX
Net Debt $16.7B $18.6B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Elevance Health Stock Performance

As of March 19, 2025, Elevance Health's stock price is $436.

Elevance Health has current market cap of $99.2B, and EV of $122B.

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Elevance Health Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$122B $99.2B XXX XXX XXX XXX $33.35

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Elevance Health Valuation Multiples

As of March 19, 2025, Elevance Health has market cap of $99.2B and EV of $122B.

Elevance Health's trades at 0.7x LTM EV/Revenue multiple, and 11.1x LTM EBITDA.

Analysts estimate Elevance Health's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Elevance Health Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $122B XXX XXX XXX
EV/Revenue 0.7x XXX XXX XXX
EV/EBITDA n/a XXX XXX XXX
P/E 16.6x XXX XXX XXX
P/E/Growth 0.9x XXX XXX XXX
EV/FCF 26.8x XXX XXX XXX

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Elevance Health Valuation Multiples

Elevance Health's NTM/LTM revenue growth is 9%

Elevance Health's revenue per employee for the last fiscal year averaged $1.7M, while opex per employee averaged n/a for the same period.

Over next 12 months, Elevance Health's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Elevance Health's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Elevance Health Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 3% XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth n/a XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $1.7M XXX XXX XXX XXX
Opex per Employee n/a XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue n/a XXX XXX XXX XXX

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Elevance Health Public Comps

See public comps and valuation multiples for Insurance Carriers and Health Benefits & Financial Solutions comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ADNIC XXX XXX XXX XXX XXX XXX
Aegon XXX XXX XXX XXX XXX XXX
ASR Nederland XXX XXX XXX XXX XXX XXX
NN Group XXX XXX XXX XXX XXX XXX
Challenger XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Elevance Health M&A and Investment Activity

Elevance Health acquired  XXX companies to date.

Last acquisition by Elevance Health was  XXXXXXXX, XXXXX XXXXX XXXXXX . Elevance Health acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Elevance Health

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Elevance Health

When was Elevance Health founded? Elevance Health was founded in 2001.
Where is Elevance Health headquartered? Elevance Health is headquartered in United States of America.
How many employees does Elevance Health have? As of today, Elevance Health has 104.2K+ employees.
Who is the CEO of Elevance Health? Elevance Health's CEO is Ms. Gail Koziara Boudreaux.
Is Elevance Health publicy listed? Yes, Elevance Health is a public company listed on NYS.
What is the stock symbol of Elevance Health? Elevance Health trades under ELV ticker.
When did Elevance Health go public? Elevance Health went public in 2001.
Who are competitors of Elevance Health? Similar companies to Elevance Health include e.g. ADNIC, Aegon, ASR Nederland, NN Group.
What is the current market cap of Elevance Health? Elevance Health's current market cap is $99.2B
What is the current revenue of Elevance Health? Elevance Health's last 12-month revenue is $179B.
What is the current EBITDA of Elevance Health? Elevance Health's last 12-month EBITDA is $11.0B.
What is the current EV/Revenue multiple of Elevance Health? Current revenue multiple of Elevance Health is 0.7x.
What is the current EV/EBITDA multiple of Elevance Health? Current EBITDA multiple of Elevance Health is 11.1x.
What is the current revenue growth of Elevance Health? Elevance Health revenue growth between 2023 and 2024 was 3%.
Is Elevance Health profitable? Yes, Elevance Health is EBITDA-positive (as of the last 12 months).

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