Elevance Health (ELV) EV to FCF (2010 - 2026)
Elevance Health's (ELV) EV to FCF stood at 7.44 in Q3 2026, down 24.0% from 9.79 a year earlier and down 2.7% from the prior quarter.
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Analysis
Elevance Health (ELV) EV to FCF (2010 - 2026) Analysis & Trends
On a TTM basis, Elevance Health's EV to FCF came in at -8.97 as of Sep 30, 2026; for FY2025, it came in at 13.28, up 19.6% from FY2024.
- Across earlier years, EV to FCF came in at 11.10 in FY2024 (+1.7%), 10.92 in FY2023 (-10.9%), 12.26 in FY2022 (+10.1%) and 11.13 in FY2021 (+116.8%).
- Quarterly EV to FCF has ranged from 4.37 in Q1 2026 to 110.20 in Q2 2024 over the past five years.
- On a year-over-year basis, EV to FCF has declined for three consecutive quarters, with an average decline of 41.9% over the last eight quarters.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 476.9% in Q1 2024, against a decline of 90.9% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.64 (Q2 2026), 4.37 (Q1 2026) and 13.28 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 384.68 Bn | 269.31 Bn | 36.67 Bn |
| 2 | Cvs Health | 120.76 Bn | 73.37 Bn | 47.23 Bn |
| 3 | Mckesson | 118.00 Bn | 104.46 Bn | 3.69 Bn |
| 4 | Elevance Health | 96.27 Bn | -46.20 Bn | 13.65 Bn |
| 5 | Cigna | 83.47 Bn | 53.01 Bn | 14.97 Bn |
| 6 | Cencora | 64.56 Bn | 53.64 Bn | 3.61 Bn |
| 7 | Cardinal Health | 59.46 Bn | 43.45 Bn | 2.56 Bn |
| 8 | Humana | 50.53 Bn | -37.27 Bn | 5.50 Bn |
| 9 | Centene | 35.18 Bn | -55.11 Bn | 14.55 Bn |
| 10 | Molina Healthcare | 11.28 Bn | -23.59 Bn | 1.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.44 |
| Jun 30, 2026 | 7.64 |
| Mar 31, 2026 | 4.37 |
| Dec 31, 2025 | 13.28 |
| Sep 30, 2025 | 9.79 |
| Jun 30, 2025 | 10.07 |
| Mar 31, 2025 | 17.78 |
| Dec 31, 2024 | 11.10 |
| Sep 30, 2024 | 96.31 |
| Jun 30, 2024 | 110.20 |
| Mar 31, 2024 | 36.99 |
| Dec 31, 2023 | 10.92 |
| Sep 30, 2023 | 7.72 |
| Jun 30, 2023 | 6.33 |
| Mar 31, 2023 | 6.41 |
| Dec 31, 2022 | 12.26 |
| Sep 30, 2022 | 7.14 |
| Jun 30, 2022 | 10.43 |
| Mar 31, 2022 | 11.86 |
| Dec 31, 2021 | 11.13 |
API Access
Elevance Health EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "ELV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();